Turkey's annual inflation rate jumped to a 24-year high of 73.5% in May, lower than expected but driven by the aftermath of the conflict in Ukraine, rising energy prices and the depreciation of the lira since the December crisis, according to data released on Friday.

Transportation and food costs are up 108% and 92% respectively from last year, reflecting a deepening economic crisis for Turks who are struggling to afford basic necessities a year before President Tayyip Erdogan faces a tough election.

On a monthly basis, consumer prices rose 2.98%, compared to a Reuters survey forecast of 4.8%, according to the Turkish Statistical Institute.

According to the survey, annual consumer price inflation is projected at 76.55%. The latest figure topped 73.2% in 2002 and is the highest since October 1998, when annual inflation was 76.6% and Turkey struggled to end a decade of price increases.

The domestic producer price index rose 8.76% m/m in May, up 132.16% y/y, reflecting how the 20% depreciation of the currency this year has led to a sharp rise in import costs for businesses and households. farms.

The lira lost 44% against the dollar last year largely due to a series of unorthodox interest rate cuts that Erdogan has sought to spur with loans and exports despite already rising prices.

Car sales figures for May are starting to seep into the public domain, and they're horrendous...

The elimination of stimulus payments and the absence of unemployment bonuses, combined with the fact that rates are rising and spending is slowing, led to a roaring May report for some of the most prominent car manufacturers.

Here's a look at the top four brands that hit the feed this week, with most other major automakers releasing data over the next day or so.

• HONDA may reduce US sales by 57.3%
• US TOYOTA sales in May 175,990, -27.3% y/y
• MAZDA in North America could reduce sales by 63.7%
• Worldwide sales of NISSAN in April -29.1%

A new lawsuit, filed by representatives for cinema camera manufacturer RED, accuses Nikon of illegally using its patented data compression technology in its Nikon Z9 full-frame mirrorless camera.

According to the lawsuit, filed in the U.S. District Court for the Central District of California, the plaintiff, Red.com, LLC (RED), is accusing the defendant, Nikon Corporation (Nikon), of patent infringement. Specifically, RED is accusing Nikon of knowingly using technology described in RED’s patents pertaining to ‘highly compress[ed] video data in a visually lossless manner’ in its Nikon’s Z series mirrorless cameras, ‘such as the “Nikon Z9 with Firmware 2.0.”’

Just nice, only in shitty capitalism parasites can live happily for years instead of being in jail.

The Russian government has decided to limit the export of inert gases: argon, helium, neon, which are used for the production of semiconductors in the manufacture of microcircuits.

Russia supplies up to 30% of neon from global consumption. Since the beginning of the coronavirus pandemic, a global shortage of semiconductors has begun in the world, incl. after Ukraine suspended deliveries of neon from two of its factories. Now the Russian Ministry of Industry and Trade will determine who will have access to neon, krypton, xenon - key and critical gases for the production of semiconductors, more than 30% of which (inert gases) on the world market are produced in Russia.

The production of inert gases is a very complex and high-tech process. Only five countries in the world have the technology to produce xenon and krypton on an industrial scale. But, as in any other business, even with similar technological processes, the quality of the final product can vary greatly.

Action had been response to new Taiwan sanctions that had been written directly inside US administration.

Anti-Russian sentiments in the form of everyday Russophobia, including corresponding publications in the media, have been quite common in Sweden in recent years. After the start of a special military operation to demilitarize and denazify Ukraine and protect the DPR and LPR, the Russian diaspora in Sweden faced unprecedented pressure, threats and discrimination based on language and nationality.

Russian born citizens are being openly persecuted for refusing to publicly condemn the actions of the Armed Forces of the Russian Federation. Cases of dismissal from work on ethnic grounds have become more frequent. There is a virtual isolation of managers and employees of small and medium-sized enterprises and public organizations associated with our country. In the context of large-scale anti-Russian propaganda, interpersonal ties are being destroyed, including relations between spouses in mixed families. It has become unsafe to speak Russian in public places and on transport.

Russian-speaking students face manifestations of hatred on the part of other students with the connivance of the administrations of educational institutions (one of the reasons is the classes on Ukrainian topics held in schools). At the same time, children of not only Russians, but also children from other former Soviet republics are being persecuted. Attempts by parents to turn to the leadership of educational institutions to prevent bullying are not always successful.

Yesterday and today multiple regions performed protocol level block for all major VPN protocols, organizations and people will be required to apply for special exclusion list as it seems. So all VPN for usual users will be not allowed.