Hard Numbers: Turkish inflation soars, Nicaraguan NGO crackdown, Taiwan rejects pricy US choppers

May 05, 2022

A woman displays her electricity bill during a protest against high energy prices in Ankara.

REUTERS/Cagla Gurdogan

70: Turkey's monthly inflation rate skyrocketed to almost 70% in April, a two-decade high. Critics blame President Recep Tayyip Erdoğan, who continues to baffle economists by lowering interest rates to combat rising prices.

50: Nicaragua's parliament shut down 50 NGOs for failing to comply with government regulations like submitting financial statements. The NGOs say they tried to turn in the documents, but authorities refused to take them. The organizations were likely up to things strongman President Daniel Ortega didn’t like, such as defending human rights.

12: Taiwan won't buy 12 anti-submarine helicopters from the US because they're … too expensive. Unless the Taiwanese are trying to haggle, this doesn't bode well for broader US plans to help the self-governing island defend itself against China.

Inside Elon Musk and DOGE's "revolutionary" push to reshape Washington, with WIRED's Katie Drummond

Listen: Elon Musk, the world’s richest man, made his fortune-breaking industries—space, cars, social media—and is now trying to break the government… in the name of fixing it. But what happens when Silicon Valley’s ‘move fast and break things’ ethos collides with the machinery of federal bureaucracy? On the GZERO World Podcast, Ian Bremmer sits down with WIRED Global Editorial Director Katie Drummond to unpack the implications of Musk’s deepening role in the Trump administration and what’s really behind his push into politics.

Europe divided over Macron’s “reassurance force” for Ukraine

France's President Emmanuel Macron speaks during a press conference following a summit for the "coalition of the willing" at the Elysee Palace in Paris on March 27, 2025.

LUDOVIC MARIN/Pool via REUTERS

At the third summit of the so-called “coalition of the willing” for Ukraine on Thursday, French President Emmanuel Macron proposed a multinational “reassurance force” to deter Russian aggression once a ceasefire is in place – and to engage if attacked.

How Imamoglu’s arrest is deepening Turkey’s economic woes

A group demonstrators chant slogans together as they hold posters during the protest. The ongoing protests were sparked by the arrest of Istanbul Metropolitan Mayor Ekrem Imamoglu.

Sopa Images via Reuters

Last week’s arrest of Istanbul Mayor Ekrem Imamoglu sparked the largest anti-government rallies in a decade and resulted in widespread arrests throughout Turkey. Nearly 1,900 people have been detained since the protests erupted eight days ago.

Chain reaction: Why Trump pulled Stefanik’s UN nomination

National Security Advisor Mike Waltz and Rep. Elise Stefanik (R-NY), the then-nominee for US ambassador to the UN, during a Cabinet meeting at the White House in Washington, DC, on Wednesday, Feb. 26, 2025.

Al Drago/Pool/Sipa USA

An internal GOP poll found a Republican candidate trailing in a special election for a conservative-leaning district in Florida, forcing US President Donald Trump to make a decision aimed at maintaining the Republican Party’s majority in the House.

South Sudan’s vice president arrested, country on brink of civil war

South Sudan's Vice President Riek Machar, pictured here addressing the press in 2020.

REUTERS/Samir Bol

Alarm bells are ringing ever more loudly in South Sudan, as Vice President Riek Machar — chief rival to Prime Minister Salva Kiir — was arrested late Wednesday in an operation involving 20 armored vehicles at his compound in Juba. He was placed under house arrest, a move that is fueling fears that the country will soon descend into civil war.

US-Taliban relations thaw amid race for Afghanistan’s mineral riches

Afghan Interior Minister Sirajuddin Haqqani, pictured here at the anniversary event of the departure of the Soviet Union from Afghanistan, in Kabul, Afghanistan, on April 28, 2022.

REUTERS/Ali Khara

The Trump administration has dropped multimillion-dollar bounties on senior Afghan officials from the Haqqani network, a militant faction that carried out some of the deadliest attacks on American troops but has now positioned itself as a moderate wing within the Taliban government. But why?

Hard Numbers: Turkish inflation soars, Nicaraguan NGO crackdown, Taiwan rejects pricy US choppers

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Last week’s arrest of Istanbul Mayor Ekrem Imamoglu sparked the largest anti-government rallies in a decade and resulted in widespread arrests throughout Turkey. Nearly 1,900 people have been detained since the protests erupted eight days ago.

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US-Taliban relations thaw amid race for Afghanistan’s mineral riches

The Trump administration has dropped multimillion-dollar bounties on senior Afghan officials from the Haqqani network, a militant faction that carried out some of the deadliest attacks on American troops but has now positioned itself as a moderate wing within the Taliban government. But why?

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Hard Numbers: Turkish inflation soars, Nicaraguan NGO crackdown, Taiwan rejects pricy US choppers

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How long will President Donald Trump’s relationship with Elon Musk last? Ian Bremmer takes a look.

At the third summit of the so-called “coalition of the willing” for Ukraine on Thursday, French President Emmanuel Macron proposed a multinational “reassurance force” to deter Russian aggression once a ceasefire is in place – and to engage if attacked.

Last week’s arrest of Istanbul Mayor Ekrem Imamoglu sparked the largest anti-government rallies in a decade and resulted in widespread arrests throughout Turkey. Nearly 1,900 people have been detained since the protests erupted eight days ago.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

An internal GOP poll found a Republican candidate trailing in a special election for a conservative-leaning district in Florida, forcing US President Donald Trump to make a decision aimed at maintaining the Republican Party’s majority in the House.

The Trump administration has dropped multimillion-dollar bounties on senior Afghan officials from the Haqqani network, a militant faction that carried out some of the deadliest attacks on American troops but has now positioned itself as a moderate wing within the Taliban government. But why?

Have you stayed atop GZERO’s news coverage this week? Here’s your chance to prove it.

Canada’s foreign interference watchdog is warning that China, India, and Russia plan on meddling in the country’s federal election. The contest, which launched last weekend, has already been marked by a handful of stories about past covert foreign interventions and threats of new ones.