Europe

Can the UK recover from Covid-19?

– UK Q1 GDP figures expected to be catastrophic. Expect UK exports to have fallen back by up to one fifth in Q1. – Trade will not be the same after the COVID-19 Pandemic. – UK is now in strategic competition between blocs of interest – Russian, Chinese, American and European- Alongside weakening international governance The Q1 GDP figures this week will be to the economists what the daily Covid 19 death rate statistics have beeen to the medical profession.…

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Turkey and Russia inaugurate TurkStream

The inauguration of a third gas pipeline between Russia and Turkey yesterday marked a new dawn for relations between the two countries. The TurkStream pipeline, which runs for 930km under the Black Sea, will carry 31.5 billion cubic metres a year of Russian gas to Turkey’s western province. This deepening of Turkish dependence on Russian energy would have been near-unthinkable just a few years ago, when tensions came to a head in 2015 after Turkey shot down a Russian Sukhoi…

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