Turkey’s Annual Inflation Nears 80%Turkey’s annual inflation rate exploded this year near a quarter-century high of 78.62%, driven by the impact of the Ukraine war, soaring commodity prices and a slide in the lira since a December crisis.
China vowed to continue its strategic coordination with Russia despite mounting Western pressure on Beijing to decrease coordination with Moscow since two months ago when it launched a military operation in Ukraine.
The lesson from Australia is that the influence of Murdoch isn’t impossible to dislodge. It’s possible to stand up to its bullying and a worldview that demonizes anybody who doesn’t believe in the supremacy of white Christians.
Russia and China have opened a new cross-border bridge in the Far East in a bid to further boost trade and counter rising US-led sanctions as Washington and Beijing traded threats of military conflict over Taiwan.
Group of Seven leaders on Sunday pledged to raise $600 billion (€568 billion) in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project.