Hermes

  • Home
  • We are heading towards stagflation; hunger is just around the corner; even if the war ends, the shock will continue…

We are heading towards stagflation; hunger is just around the corner; even if the war ends, the shock will continue…

Levent Gürses The economic crisis that has persisted since 2018, the lockdowns and economic standstill experienced during the pandemic, the hardships brought about by the war in Ukraine, and now…

Trump wants to weaken China and Europe; his only supporters are American billionaires

Osman Şenkul US customs duties, which stood at $79 billion in 2024, rose by 234 per cent to $264 billion in 2025, the year Donald Trump took office for a…

The health costs of the oil fires in Iran could take years to pay off

Dr Semih Ayta, representative of the Turkish Neurological Society at the Clean Air Rights Platform: “The scale of the incident in Iran is enormous. According to modelling, it appears that…

Playing the fool in business and markets

John Elkington The power of the Fool and Jester—even sometimes of the Trickster—was about licensed transgression, a formally sanctioned role that could say the unsayable precisely because it arrived wrapped…

The Paris Climate Treaty changed the world; here’s how

Rebecca Solnit Today marks the 10th anniversary of the Paris Climate Treaty, one of the landmark days in climate-action history. Attending the conference as a journalist, I watched and listened…

Inflation and interest rate forecasts are being revised upwards due to the impact of the war

Levent Gürses The war in Iran has begun to disrupt the delicate balance of the Turkish economy. In a process that began with fuel price rises, the acceleration of price…

Free climbing

Can Baydarol The US-Israel offensive against Iran has now entered its fourth week. No one—not even those who started the conflict or intend to continue it—has any clear idea when…

Free fertiliser and diesel for farmers will curb food inflation

Osman Şenkul Turkey has become the “world’s third-highest” in terms of food inflation, having overtaken Argentina last January to rank behind South Sudan and Iran. Even well before reaching this…

Costs and benefits from the new energy crisis

Paul Krugman Operation Epic Fury, the U.S.-Israeli bombing campaign against Iran, began on Feb. 28. At first, the reaction of energy markets was muted. As the days passed, however, it…

How does a war end?

Can Baydarol Before assessing the US/Israel vs Iran conflict, let us take this opportunity to express our sorrow at the passing of historian İlber Ortaylı. Yes, although he may not…