Friday, 6 November 2026 ··

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Geopolitics · Europe · Sweden · Türkiye · the economy

Türkiye

Turkish parliament ratifies Mecca defence pact with Saudi Arabia, Pakistan

Turkish parliament ratifies Mecca defence pact with Saudi Arabia, Pakistan

Lawmakers voted 279 to 119 late Thursday to ratify the agreement, which commits Türkiye, Saudi Arabia and Pakistan to mutual defence if any one of them is attacked. The pact still needs Riyadh and Islamabad to complete their own ratification before it takes effect, and Al Jazeera reports it also opens the door to deeper Turkish involvement in Saudi Arabia's conflict with the Houthis.

Prosecutors seek arrest of former minister in stock market probe

Prosecutors seek arrest of former minister in stock market probe

Fatma Betül Sayan Kaya, who led the family ministry from 2016 to 2018, was referred to court after a two-hour interrogation over share trades she and her husband made ahead of a market downturn. Prosecutors are seeking her arrest on capital markets and criminal organisation charges, deepening a fund scandal that already drew a central bank statement and a justice ministry rebuke this week.

Turkish FM heads to Northern Cyprus ahead of Monday talks on the island's future

Turkish FM heads to Northern Cyprus ahead of Monday talks on the island's future

Hakan Fidan visits the Turkish Republic of Northern Cyprus on Friday to meet its president, prime minister and foreign minister, three days before Greek and Turkish Cypriot leaders resume UN-mediated talks on the island's status on Monday, Nov. 9. Türkiye, one of Cyprus's three guarantor powers, backs the Turkish Cypriot side's call for equal international standing.

Türkiye targets 175 GW of solar and wind by 2040 in new energy plan

Türkiye targets 175 GW of solar and wind by 2040 in new energy plan

Energy minister Alparslan Bayraktar unveiled a plan to raise total installed power capacity to 281 gigawatts by 2040, with renewables holding a 77 percent share and 190 billion dollars earmarked for the build-out. The government says the goal is to cut a 65-70 billion dollar annual energy import bill as demand rises toward a projected population of 93 million.

Europe

Hundreds of thousands march in France's fourth national strike this year

Hundreds of thousands march in France's fourth national strike this year

Unions put turnout above 1.5 million and police near 600,000, as workers, students and the yellow vest movement protested President Macron's 2027 austerity budget. More than 70,000 police were deployed; the government has offered 4 billion euros for school renovation, far short of the 10 billion unions are demanding.

Bank of England raises rate to 4%, its first hike in three years

Bank of England raises rate to 4%, its first hike in three years

Eight of nine policymakers backed a quarter-point rise to counter inflation the Bank blames on fuel costs from the Iran war and bottlenecks in the Strait of Hormuz. It warned inflation could reach roughly 5 percent by mid-2027, up from 3.5 percent in September.

Poland arrests six accused of smuggling arms components to Russia

Five Poles and a Russian national are accused of running a smuggling ring from June 2023 to December 2025, moving shell casings and other munitions components worth over 455,000 euros across the border into Kaliningrad in vehicles with hidden compartments. Polish border guards intercepted several shipments during the operation.

Finnish court jails Russian captain over Baltic undersea cable sabotage

Finnish court jails Russian captain over Baltic undersea cable sabotage

A Helsinki court sentenced the Russian captain of the cargo ship Fitburg to three and a half years, and an Azerbaijani crew member to nearly three, for dragging the vessel's anchor across the Gulf of Finland seabed and severing two telecom cables linking Finland and Estonia. The ship, sailing from St Petersburg to Haifa, was detained on New Year's Eve when the damage was discovered.

The World

Melania Trump hosts Russian and Ukrainian envoys, urges wider peace deal

Melania Trump hosts Russian and Ukrainian envoys, urges wider peace deal

The First Lady met Russia's presidential envoy Kirill Dmitriev and senior Ukrainian lawmaker David Arakhamia at the White House, urging both sides to build something more lasting on last week's six-day truce in Oleshky, during which nearly 800 civilians were evacuated. She presented letters to Putin and Zelenskyy and received Ukraine's Order of Princess Olga; further talks are set for Abu Dhabi on Nov. 10-11.

Five tankers and a tugboat catch fire in Strait of Hormuz, US forces on alert

Five tankers and a tugboat catch fire in Strait of Hormuz, US forces on alert

Updating a toll this paper put at four tankers on Thursday, Iran's Revolutionary Guard said a fifth tanker and a sea tug also caught fire overnight Wednesday into Thursday, again blaming naval mines; Britain's navy separately reported a tanker hit by projectiles off Qatar, with no claim of responsibility. Pentagon officials told the New York Times that US forces are positioned to resume major combat operations against Iran on President Trump's order.

Paraguay's president resigns as bank collapse locks out 3 million account holders

Paraguay's president resigns as bank collapse locks out 3 million account holders

Santiago Peña stepped down Thursday, hours before lawmakers were set to impeach him, after regulators seized Ueno Bank when corrected accounting showed its capital had fallen to half the legal minimum. Peña had held a stake in the bank's parent company; Vice President Pedro Alliana has taken over, with nearly 3 million Paraguayans, over 60 percent of adults, still unable to access their accounts.

Sweden

Centre Party weighs its options as Sweden's government deadlock drags on

Centre Party weighs its options as Sweden's government deadlock drags on

Top Centre Party officials held closed-door talks Thursday on whether to back a non-socialist government under Ulf Kristersson, now on his third attempt under a one-week mandate from Speaker Andreas Norlén after parliament voted down Centre leader Elisabeth Thand Ringqvist as PM on Nov. 3, or a red-green alternative led by Magdalena Andersson. A fourth failed vote would trigger a snap election, and Centre holds the balance while ruling out both Sweden Democrats' influence and a Left Party coalition partner.

Swedish inflation drops to 1.1%, a day after Riksbank's rate hike

Swedish inflation drops to 1.1%, a day after Riksbank's rate hike

Statistics Sweden's October reading came in below forecasts and well under the Riksbank's 2 percent target, with underlying inflation excluding energy falling to just 0.1 percent. The figures landed one day after the central bank raised its policy rate to 2 percent, prompting economists to question the timing of the increase.

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