The dispute between Turkey and Germany is escalating. In the wake of arbitrary arrests and accusations about German companies, the German government announced a new, stricter policy. Erdal Yalcin from the Ifo Institute discusses the implications.
The threat of steeper US tariffs on EU-assembled vehicles could lead to a global trade war. German automakers, which produce more vehicles in the US than they export there, are in the Trump administration's crosshairs.
Foreign minister Sigmar Gabriel has announced a review of German state guarantees for financing exports to Turkey, and warned citizens to be careful when travelling to the country amid escalating tensions.
A spate of recent deals and gas finds in the eastern Mediterranean Sea has positioned Egypt to be a major energy hub. Turkey, which is flexing its military muscles, may be left out.
German Chancellor Angela Merkel has shifted her rhetoric on a controversial second underwater pipeline to bring gas from Russia, saying the project could not go forward if it leaves Ukraine empty-handed.
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