the central bank of turkey raised it for the sixth time in a row. now it is 40%.ten monetary policy amid high inflation. the main driver of price growth remains the current level of demand, the persistence of inflation in the service sector and geopolitical risks. at the same time , the regulator's actions led to the fact that demand began to slow down, and the turkish lira sharply strengthened against the dollar. the central bank predicts that by the end of 2023, annual inflation will reach 65%. in 2024 it will drop to 33, in 2025 to 15%. american electric car manufacturer tesla has set discounts on new models from their reserves in the amount of 3 to 4,000 dollars. the company has traditionally resorted to price cuts to stimulate demand, but until this year it avoided discounts. experts associate their return with the company’s desire to increase supplies against the backdrop of the imminent end of the entire year’s quarter. smartphone sales. in the world at the end of october increased by 5% in annual terms, the increase occurred for the first time in the last

the central bank of turkey raised the key rate from 30 to 35%.rd figure over the past 20 years. the regulator increases it for the fifth time in a row to combat inflation, which last month exceeded 61%. investments in fixed capital in belarus over 9 months increased by almost 12% compared to the same period last year. according to according to belstat, most economic entities did not invest in construction and installation work, this is almost half of all investments, over 38% for the purchase of machinery, equipment and vehicles. a week of entrepreneurship took place in belarus, with more than 100 seminars, conferences, and round tables throughout the country, discussing how to resist sanctions, develop locally, and replace imports. today, a third of the population employed in the economy is engaged in business. if you look at the external contour, then 40% of the export of goods and 52. services also belongs to entrepreneurs, there is a steady trend towards an increase in the number of legal entities ; whether the comfortable conditions created

two years, until recep erdogan himself stopped it and replaced the head of the central bank, because. basic economic theory and turkeyr 24 years, and the exchange rate of the turkish lira for 2 years under the previous head of the central bank fell three times to the dollar. the russian stock market ended today's trading in the red. shares of the russian gold miner polymetal fell by 12% at the end of trading. the company announced that it was going to exchange shares blocked due to sanctions for new securities issued on the astana stock exchange. the ruble has fallen in price today, but not very noticeable, the dollar at the end of the day was 88.40, the euro was 96.57. the former mcdonald's in kazakhstan has once again changed its name, but now it seems that it has finally found its own identity. the chain will be called "aem" from the food solutions company, which operates the former mcdonald's in kazakhstan. i explain the meaning of the new logo this way: now restaurants have one. the voice of visitors, employees and products, they seem to say: i am a burger, i am coffee, and under the main logo the phrase “feel g

the central bank of turkey raised the key rate from 30 to 35%. it for the fifth time in a row. to combat inflation, which topped 61% last month. investments in fixed capital in belarus for 9 months increased by almost 12% compared to the same period last year. according to belstat, business entities invested most of all in construction and installation work, this is almost half of all investments,

well, speaking of high inflation and high borrowing costs, turkey's central bank has raised its main aring prices. but turkey's central bank suggested rates were approaching the level required to start having the desired effect. inflation is forecast to rise further and peak in may next year at around 70 to 75%. that's it for this edition of asia business report. i'll be back with newsday at the top of the hour, so join i'll be back with newsday at the top of the hour, sojoin me if you can, but thank you very much for watching. bbc news — bringing you different stories from across the uk. at the central methodist hall in coventry, volunteers have come together to put on the £1 panto. it's called cinderballer and is a take on cinderella. but the twist here is she wants to play football rather than go to the ball. # like a diamond in the sky... #. cinderballer, she is poor and she has an evil stepmum and she has dreams of being a massive football player. and the dream is to show young kids and everyone else that anyone can follow their dreams. gareth southgate and serena wiegman, the na

is because the banking system is still weak in many countries of the region, such as the countries of central asia, and these should be supported with the help of countries such as turkeyan, and pakistan, which have advanced banking systems. they want to be helped and achieve growth and development. the important thing is that we should integrate the interests of the countries , that is, all countries should reach the point that their own interests are in the development of commercial and economic relations . how will this be achieved? let it happen with this because naturally it is a part it is very clear that a strong economic union can be beneficial for everyone, but why do you think that this common understanding has not yet been reached by the eco organization ? it was not possible, including the intervention of trans-regional countries, which has played an important and essential role in these years in recent decades to create differences and competition, along with now fear and terror of regional cooperation. global and international is going in the direction where the role of countries alhamdulillah, we are now at a point where many countries have been left out

still the banking system in many the countries of the region, such as the countries of central asia, are still weak, and they should be helped to grow and develop with the help of countries like turkeyn, and pakistan, which have advanced banking systems . the important thing is that we should combine the interests of the countries. if we follow it, it means that all the countries will come to the conclusion that their own interests are in the establishment of commercial and economic relations . how will this be achieved? it means that they will come to this, because naturally, a large part of it is clear that a strong economic union is in everyone's interest. it's fine, but you think why? this common understanding has not yet been reached by the organization. there were various and numerous reasons that you mentioned at the beginning of your speech, but there were several other main factors that were not mentioned, including the involvement of extra-regional countries , which played an important and fundamental role in these years and in recent decades to create differences and competition, along with fear of regional cooperation, was a big factor . fortunately, i mentioned that glo

central banks. certainly turkey an interesting case. liam piech that, senior markets economist. to india now — where the high cost oft out of reach for many poorer people with the disease. now a group of hospitals is taking on the drug companies by pooling their resources to buy the drugs in bulk. they aim to cut the cost of treatments by more than 80% and make sure even remote places can get access to advanced medicines. could it be a model for other developing countries? archana shukla has been investigating a quiet revolution in india is bringing cancer care closer to home for many. like this man and his wife. after an arduous search for breast cancer treatment in distant metro cities, the three—drug combo his wife needs is now available at a local hospital in their hometown in the far east corner of india — at one third the price. translation: earlier, it cost $650 for one treatment cycle. i had to sell the land and borrow from relatives to pay. at least now we can afford the full treatment. it's the power of a collective effort. a network of cancer hospitals, including this one in rural assam, has teamed up to

of central bank assets. and then on the retail side, we seeing a brand new demand from countries like turkey, where there is a very strong concerned about currency depreciation. and then more recently in the last month, in fact, in china, where we have similar concerns arising. so are some countries buying gold in order to pursue a much bigger goal, perhaps to end the dominance of the us dollar and international trade. even now international purchases are usually made in us dollars, much to the dismay of china, which has been on a gold buying spree for years. they want their huge stock pile to a road the dollars dominance. that process really hasn't gone very far. the china is now transacting commodities in your wyoming, for example, that frontier have contracts on that basis. but when you look at the share of the dollar within the global trading, i'm central settlement systems. the dollars still really don't minute. so i think it's something that will come over time, but i think it's going to be a very slower process. it's a situation that serving russia well, moscow is sitting on the world's 5th largest g

exchange rate, this is a direct result of competent actions government and the central bank, what happens when they act illiterately and not in a timely manner, we see in turkeye rate, it didn’t work, now they started raising it, but it’s too late, or in argentina, where due to weak monetary policy, inflation has already exceeded 100 %. the deputies expressed their vision of the priority... directions of the state's monetary policy. national projects, digitalization, import substitution, reaching the level of average world growth rates, and maybe higher, increasing real incomes of the population. in during the discussion, they touched upon the issues of introducing a digital ruble, stopping the outflow of capital and regulating installment plans. the deputies propose to develop the necessary legal approaches to regulating the installment market and to form a unified set of rules for this market segment. i would like to know the position of the central bank, we say we support making this actively developing sector more transparent and more secure for our citizens. another problem is the high debt burden of the population, reduce it called for measures develope

when a central bank hikes this aggressively after a period of very easy monetary policy. when do things start to show up that things are breaking in turkeyyou are correct, we have seen aggressive hikes and so far, things have not broken they have improved. you have seen currency counts and inflows into markets and it has to be acknowledge that the central banks have done a remarkable job to get us to where we are today. what can break in the next 6-12 months. we have local elections coming through and march. the biggest challenge will be the president's acceptance of the tightening policy in light of inflation that we are likely to see go higher. the stress test will be the second quarter of next year where we expect inflation to be 70 plus percent and we are likely to see hikes continuing. to the extent the president can support policymakers, that depends on turkeys return to orthodoxy. kailey: it becomes a question of will they stick to it? in the u.s. we have a fed that is so stable keep rates high for as long as they need to. it becomes a question of whether there will be pressure to abandon that resolve. you mentioned you are starti

turkeys, there are things happening here in europe. it has turned out to be quite a busy day. let's walk through some of the price action. the turkish central bank has raised rates by 500 basis points. the swedish authorities -- the rates remain at 4%. you had the far right when he the election in the netherlands. you have a bunch of pmi data that we need to digest. the amsterdam market digesting that election result. some of the banks and some of the technology stocks are weaker today, trying to figure out what is going to happen next with that election results story. pmi data out of the u.k., a little positive. the markets taking that number as potentially being inflationary. that means the bank of england may not cut rates as early as anticipated. what crude continues to slide. we are down by another 1.3%. i mentioned the pmi data. let's talk about what is happening there. that me show you the numbers. the euro area november composite -- the estimate is 46.8. not a great number. we are bouncing along the bottom. the question now is, do we get worse or do we get better? that is what we don't know the answer to. the u.k. number comes in at 50.1

again, turkey's central bank to slow down monetary tightening is at some of the language coming out ofoving, as many expected them to do. u.s. equities, the futures are up in trading. volumes are extremely light. but it is a more hawkish day than yesterday. at the same time you are also looking at a euro that is stronger off the back of pmi's in germany, with strength more than expected. we are talking with economist jamie rush. u.k. pmi's are also stronger. up about .4 versus the dollar. brenda's down about 1%. it is that opec-plus delay. let's look at equities again. if you are in the u.s., navy help your friends toughing or turkey. it has been a strong november at the same time we are looking at retail investors buying up u.s. stocks. they are buying the most since april 2022. and some of the property moves out of china helping to support asia equities. japan is off-line for the labor thanksgiving holiday, but at the same time asia's pacific up about .3%. bloomberg has learned that china may allow banks to offer unsecured short-term loans to qualified developers for the first time.

of the central bank. i believe that individual has stepped back because there are questions about how quickly this is progressing. tom: a turkeyan: we've got to say thank you. he had no idea that argentinian question was coming. why would he? lisa: i think the question in argentina, yeah, to me, it is more fascinating. what does the imf do with $30 billion plus of loans that they need to get paid back? jonathan: we are shaping of us follow this monday morning. good morning to you all. equity futures on the s&p 500 negative here by 0.16%. pulling back just a touch. we can get a 5k. 5100 by year end next year. a lot to look forward to over the next 18 months. our special guest is francine lacqua. >> thank you so much. we are delighted to be joined by steve schwarzman of blackstone. thank you, you were just on stage with the prime minister rishi sunak. how much are you putting in the u.k.? what are you most excited about? >> we've been putting a lot of money into the u.k. we are doing our headquarters building here which is very significant-sized building, the largest in the mayfair area the last several decades. we bought two co