Standstill

• The statement, made at a meeting for the Turkish Youth Foundation, was not an official announcement by any means.
• Rather, it was what appeared to be a frank statement communicated to a young party audience.
• Mincing words is not usually Erdoğan’s style; he can be quite direct and candid, which has been one of the key appeals of his charismatic personality.
• Understandably, response to the speech, both within and outside of Turkey, has so far been somewhat muted.

Erdoğan’s legacy

• It is perhaps too early to judge Erdoğan’s political legacy comprehensively.
• But his impact on the nation’s trajectory, its regional standing, social structures and government institutions has been undeniable.
• The two sides had a falling out and Erdoğan accused the movement of being behind the failed coup in 2016.
• From 2002 until the early 2010s, Turkey’s economy experienced unprecedented growth, fueled by increased foreign investment and large scale projects.
• The economic success of these years lifted millions into the middle class and led to higher living standards overall.

A Post-Erdoğan era?

• His son-in-law, Berat Albayrak, once touted as a clear frontrunner in the race to succeed him, has since left active politics.
• If a new president continues much of the similar policies and has a non-disruptive approach, then a peaceful transition is plausible.
• But Erdoğan’s party failing to concede a loss, or his voter base failing to recognize the results, may lead to a turbulent transition.

Yasar Bukan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

• The combination will create a premier Permian independent operator.
• The transaction consideration will consist of approximately 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments.
• The transaction was unanimously approved by the Board of Directors of the Company and has all necessary Endeavor approvals.
• “This is a combination of two strong, established companies merging to create a ‘must own’ North American independent oil company.

• Recuperation increased to up to 400 kW at high speeds
  Faster: Acceleration from 0 to 100 km/h is up to 0.6 seconds faster.
• All Taycan versions feature an even more extensive standard equipment list and come with the latest generation of the Porsche Driver Experience with an improved display and control concept.
• The revised versions will arrive at Porsche Centres from the spring of 2024.
• In addition to the upgraded equipment, the improved product specification includes a battery with increased capacity but with a reduced weight.

• The survey revealed a dichotomy between corporate card usage and expense management software adoption.
• While nearly half of respondents (46%) report increased corporate card usage, only 2% have increased adoption of expense management software, creating compliance and visibility challenges for employees and finance teams.
• While SMEs continue to increase corporate card usage, data from Center's survey shows that adoption of expense management software remains nearly at a standstill.
• Increased business travel adds another layer of complexity to expense management with GBTA forecasting that corporate travel is expected to surpass pre-pandemic levels in 2024.