Turkish Finance Minister Simsek: The UAE’s $27 billion investment in the energy field is on the agenda.

According to the Financial Times: Credit Suisse Chief Operating Officer Francesca McDonald will resign.

Turkish Finance Minister Simsek: Quantitative tightening will be carried out if necessary.

Turkish Finance Minister Simsek: Stable domestic consumption and credit growth are needed to bring inflation down to single-digit levels.

Turkish Finance Minister Simsek: The era of weak exchange rates and high inflation is coming to an end.

Ethereum hit $1,600 per coin for the first time since August 23, falling 2.23% on the day.

Turkish Finance Minister Simsek: The economic transition period will last until June next year.

Turkish Finance Minister Simsek: Türkiye has not set an exchange rate target.

According to the AXIOS website: The United States and Bahrain will sign a strategic security and economic agreement.

Turkish Finance Minister Simsek: We allow the exchange rate to float freely.

Indian Prime Minister Narendra Modi: met with the Saudi Crown Prince and reviewed the trade relations between the two countries. He believes that commercial ties between the two countries will continue to develop.

Turkish Finance Minister Simsek: Falling inflation is a key goal of Turkey’s medium-term plan.

Turkish Finance Minister Simsek: The global financial environment has tightened significantly.

Indian Prime Minister Narendra Modi: India looks forward to deepening relations with Saudi Arabia in broader areas.

Ukraine has recaptured an offshore drilling platform near Crimea, its military intelligence service said.

The European Commission expects euro zone inflation to be 5.6% in 2023, down from the 5.8% forecast in May. Eurozone inflation is expected to be 2.9% in 2024, up from the 2.8% forecast in May.

The European Commission expects the German economy to contract by 0.4% in 2023, compared with its May forecast of 0.2% growth. Germany is expected to grow by 1.1% in 2024, compared with a forecast of 1.4% in May.

The European Commission expects euro area GDP growth to be 0.8% in 2023 and 1.3% in 2024, down 1.1% and 1.6% respectively from the May forecast.

Market news: UBS will cut hundreds of wealth management jobs in Asia as business activity slows in Asia.

British Finance Minister Hunt: India will explore (with the UK) the direct listing of Indian companies on the London Stock Exchange.