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INSEE on Friday released final data showing Q2 GDP was flat QoQ (0.0%), below the earlier 0.2% preliminary estimate and the 0.2% market consensus. Exports rebounded 2.9% after a 3.0% decline in the prior quarter, led by a strong recovery in aircraft

2026-08-28

INSEE on Friday released final data showing Q2 GDP was flat QoQ (0.0%), below the earlier 0.2% preliminary estimate and the 0.2% market consensus. Exports rebounded 2.9% after a 3.0% decline in the prior quarter, led by a strong recovery in aircraft shipments. Household consumption, a traditional growth driver, reversed from -0.3% in Q1 2026 to +0.3% in Q2, supported by higher spending on food, energy and manufactured goods.

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2026-08-28

U.S. court filings show Turkey on Aug. 8 hired Ballard Partners on a one-year, $2.4m contract to provide government-relations, strategic advice and lobbying; the team includes Brian Ballard and former Trump aide Thomas Budri. Ballard Partners previou

U.S. court filings show Turkey on Aug. 8 hired Ballard Partners on a one-year, $2.4m contract to provide government-relations, strategic advice and lobbying; the team includes Brian Ballard and former Trump aide Thomas Budri. Ballard Partners previously held a $1.5m 2017 contract tied to Kharg Bank’s efforts to avoid sanctions; the DOJ dropped charges against the bank earlier this year. The new agreement lists Turkey’s defense ministry as the primary client. Ankara is seeking to re-enter the F-35 program and to take delivery of six F-35s held in the U.S.; Turkey was expelled from the program in 2019 after buying Russia’s S-400 air-defence system. Reports say Turkey is considering selling its S-400s to a third country, possibly the UAE, as leverage to persuade Washington to lift sanctions.
2026-08-28

Ukrainian President Zelenskiy said Ukraine’s Main Directorate of Intelligence has evidence that a large refinery in Kstovo, Nizhny Novgorod Oblast, has ceased operations. The plant processes about 17 mln tonnes of crude a year. He said other Russian

Ukrainian President Zelenskiy said Ukraine’s Main Directorate of Intelligence has evidence that a large refinery in Kstovo, Nizhny Novgorod Oblast, has ceased operations. The plant processes about 17 mln tonnes of crude a year. He said other Russian refineries have also been taken offline.
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