October 16-31

Details

• There are some opinions that inflation rates will fall worldwide, but inflation rates continue to rise in the current situation. The global average inflation is estimated at %6,2 for 2023. Long-term global inflation for 2026 is expected to be over %20 in the North African and Southern African regions, while; its estimate that Turkey, Middle East, East Asia and South America will decrease to %12-%14.

•  While the reputation of electric vehicles is growing day by day, China is threatening the European’s electric vehicles market. More than half of the companies participating in the auto show organized in Munich were Chinese companies. China continues to grow steadily in the market.

•  The parameters used by the Food and Agriculture Organization of the United Nations (FAO) to measure hunger show that hunger has continued to increase in recent years. About 828 million people were affected by hunger in 2022. In 2030, it is still expected that more than 660 million people will be affected by hunger.

•  Genetic weapons are genetically engineered biological weapons that can target people belonging to a specific race or ethnicity. China's Top Spy Agency is warning about gene weapons that can target specific ethnicities or races. According to a report published by the Global Challenges Foundation in 2021, the lack of a agreed definition for biological weapons means that countries can take advantage from loopholes to continue researching these weapons while complying with the agreement.

•  On World Food Day 2023, focused on “Water is Life, Water is Food, and Please Don't Leave Anyone Behind." themes. Water in sufficient quantity and quality is necessary for the maintenance of all life on Earth, including us humans. These losses continue not only during production, but also during the food value chain process.

•  After the Hamas-Israel conflict that began on October 7, on October 9, the Israeli Ministry of Energy decided to stop activities on the Kamar platform, located 25 km northwest of Gaza, which largely meets domestic demand. While Egypt's increasing domestic demand creates a problem for the country, it also endangers the LNG (liquefied natural gas) supply shipped to Turkey and European countries. The ongoing conflicts also greatly threaten the passage of many LNG tankers passing through the Strait of Hormuz and the natural gas transmission lines in the region.

•  Deconfliction continue between Israel and Gaza, Russia's war with Ukraine also continues. Both wars affect each other. Moscow makes major gains by attracting global attention through itself. It is in Russia's favor that the US is now shifting the loaded military aid provided to Ukraine from Ukraine to Israel. Rising global oil prices due to the conflict are also providing significant benefits for Russia.