Tag: Oil Prices

Türkiye Unveils $551 Billion 2027 Budget, Focuses on Housing and Economic Growth

Türkiye has set forth a proposed budget for 2027 valued at approximately 27.28 trillion Turkish lira, or $550.8 billion, focusing on key priorities such as reducing inflation, boosting housing investments, enhancing employment, increasing exports, and fostering economic growth. Vice President Cevdet Yılmaz emphasized that the budget is designed to bolster economic resilience while simultaneously supporting investments and improving living standards, all amidst challenging global...

Greenland to Ban Deep-Sea Mining Amid Environmental Concerns Until 2029

In a significant environmental decision, Greenland's parliament has unanimously voted to initiate a moratorium on deep-sea mining and exploration until at least the end of 2029. This legislative move underscores the growing environmental concerns associated with extracting minerals from the Arctic seabed and reflects a precautionary approach amid limited scientific understanding of the potential impacts on marine ecosystems. The decision to halt deep-sea mining aligns...
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