When the cease-fire agreement between Israel and Hamas was announced in January, celebrations erupted, but now, as the deal’s first phase ends and Israel introduces a new proposal rejected by Hamas, fears of renewed conflict are growing. Hamas seeks the implementation of the original agreement’s second phase, while Israel suggests a temporary cease-fire with hostage exchanges. The deadlock between the two sides persists as both pursue diplomatic and military strategies to navigate the fragile cease-fire.
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Inflation in Turkey dips under 40%, lowest in nearly 2 years
Turkish annual inflation dropped to 39.1% in February, the lowest in almost two years, ahead of an expected interest rate cut by the central bank this week. Energy costs rose by 43.92% year-on-year, while food and non-alcoholic drink prices increased at their slowest rate since Nov. 2021. After reaching its highest inflation ever in October 2022, Turkey has seen some economic progress with the central bank raising interest rates aggressively and the economy growing by...
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