Tag Archives: tayyip erdogan

USD/TRY resumes offers to reverse Friday’s pullback from the 3-month high. Russia and Ukraine ready for further talks after citing progress, Moscow attack slammed. US Treasury yields propel the DXY amid rising hopes of a 0.50% Fed rate hike on Wednesday. China’s covid cases bolster safe-haven demand for the US …

The conflict in Ukraine fuels inflation and current accounts worry Currency 10% weaker in 2022, halving in one year Forecasts on growth, inflation, the lira are deteriorating ISTANBUL, March 11 (Reuters) – The lira rebounded from an earlier tumble to rebound 1.5% on Friday, benefiting along with other emerging market …

USD/TRY remains firmer around a 3-month high, paring intraday gains lately. Turkey and Israel are attempting diplomatic peace for the first time in more than a decade. The World Bank has raised concerns about the growth of major oil importers, including Turkey. Ukraine and Russia will meet in Ankara on …

Russia’s invasion of Ukraine has had serious repercussions in two areas of Greece’s economy and political status that seem unrelated but are in fact equally worrying when it comes to long-term political relations. term. Greece’s support for EU sanctions against Russia has resulted in the cancellation of Russian tourism to …

The flags of Turkey and the United States are seen in this illustration taken August 25, 2018. Picture taken August 25, 2018. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register ANKARA, March 5 (Reuters) – Turkey and the United States will remain in “close coordination” in their …

ANKARA – Turkey’s annual inflation rate accelerated further in February, official data showed on Thursday, marking the biggest jump since 2002 and adding pressure on households already struggling to buy household goods. based. The Turkish Statistical Institute said consumer prices rose 54.44% in February from a year ago. That’s up …

Istanbul (AFP) – Evicted in the middle of a harsh Turkish winter, Erdem Yilmaz, 30, calculated that he had spent two and a half months’ salary to urgently move to a new house in Istanbul. The father of a two-year-old is not the only Turk in this situation after last …

NICOSIA, Cyprus (AP) — Any attempt by Israel to improve strained relations with Turkey will not come at the expense of its “strategic relationship” with its Cypriot neighbor, Israel’s president said Wednesday. Israeli President Isaac Herzog, speaking after talks with his Cypriot counterpart, said he was aware next week’s visit …

Hatice Cengiz was waiting for Khashoggi outside the consulate at the time of the murder (File) Turkey must continue to insist on justice for Riyadh critic Jamal Khashoggi even as relations with Saudi Arabia improve, his Turkish fiancee told AFP in an interview. The gruesome 2018 murder of Khashoggi inside …

Turkish conglomerates are racing to add high-end apartment buildings and office towers to Istanbul’s fast-changing skyline, eyeing one of the world’s most profitable real estate markets for quick returns as that other parts of the economy suffer. But now a rickety wooden scaffolding is destroying the iconic Suleymaniye Mosque. This …

ON JULY 15, 2016, a faction of the Turkish military attempted to overthrow President Recep Tayyip Erdogan. By dawn on July 16, it was clear that the coup, one of the bloodiest in Turkish political history, had been repelled. But it has caused considerable collateral damage, in particular to the …

The assassination of Turkish Cypriot casino magnate Halil Falyali last week was the latest installment in Turkey’s underground wars against drug trafficking and illicit finance. Turkish mobster turned whistleblower Sedat Peker accused Falyali last year of being a key player in cocaine trafficking and colluding with Erkan Yildirim, the son …

A logo of the Central Bank of Turkey is pictured at the entrance to its headquarters in Ankara, Turkey, October 15, 2021. REUTERS/Cagla Gurdogan Join now for FREE unlimited access to Reuters.com Register ISTANBUL, Feb 17 (Reuters) – Turkey’s central bank kept its key rate at 14% for the second …

Turkey’s president has announced a significant cut in taxes on basic food supplies as the country faces soaring inflation and widespread protests over eroding living standards Through Associated press ZEYNEP BILGINSOY February 12, 2022, 3:40 p.m. • 3 minute read Share on FacebookShare on TwitterEmail this article ISTANBUL — Turkey’s …

Fitch downgraded Turkey’s sovereign debt and delivered a scathing verdict on President Recep Tayyip Erdogan’s plan to tackle soaring inflation. The international rating agency pushed the long-term debt rating deeper into undesirable territory, lowering it from BB- to B+, putting the G20 country on a par with Benin, Egypt, Turkmenistan, …

Istanbul (AFP) – In a waterfront area of ​​Istanbul that once buzzed with life of cafes and pubs, there are now only empty tables after a nearly 50% hike in alcohol taxes. The tax is one of the biggest blows to alcohol consumption from a government often accused by its …

The gap between Turkey’s minimum wage and the famine threshold has almost entirely disappeared amid the collapse of the Turkish lira and soaring inflation, according to a report compiled by the Confederation of Turkish Trade Unions (Turk- Is). The January Turk-Is Hunger and Poverty Line survey, originally reported by bianet, …

ASIA/TURKEY – Erdogan confirms: new regulations and new elections for the Foundations of non-Muslim communities agos.com Ankara (Agenzia Fides) – The process of publishing new operating rules for Turkish foundations linked to non-Muslim communities is almost complete, which will soon allow these organizations to renew their governing bodies after eight …

ANKARA: Following Iran’s decision to cut off gas flows to Turkey last week, Ankara began ordering gas-fired power plants to cut their gas consumption by 40% from Monday. This sudden decision highlighted the need to diversify energy suppliers for the country. Households, schools and hospitals are, for the time being, …

Ankara: Turkish Finance Minister Nureddin Nebati has told economists that he expects the inflation rate to peak at around 40% in the coming months and not exceed 50% this year, according to attendees. Nebati provided his most detailed outlook yet on consumer prices in 2022 at a meeting with 60 …

(ANSAmed) – ISTANBUL, JANUARY 18 – The Turkish Coast Guard rescued 73 migrants overnight from Monday to Tuesday who were trying to reach the Greek islands from the Turkish coast on the Aegean Sea. Anadolu news agency reported that in response to sightings of boats full of migrants having difficulty …

The Council of Europe has reportedly called for the jailed businessman and philanthropist to be released by February 2. A Turkish court has extended the detention of civil society leader Osman Kavala, ignoring a deadline set by Europe’s top human rights body to release him, in a case that has …

Turkish Lira banknotes are pictured at an exchange office in Istanbul, Turkey on August 13, 2018. REUTERS / Murad Sezer Register now for FREE and unlimited access to Reuters.com Register After falling 44% last year, the pound is stable last week World Bank predicts 2% GDP growth in 2022.3% next …

ISTANBUL (Reuters) – More and more Turks now believe an opposition alliance is better suited than President Tayyip Erdogan and his ruling AKP party (AKP) to end the economic turmoil that has engulfed their country, according to a series of opinion polls released this month. Under pressure from Erdogan and …

Udate the price of the reading, adds the comments of the Minister of Finance ISTANBUL, January 5 (Reuters) – The Turkish lira weakened 1% on Wednesday, extending losses a day earlier as investors assessed the impact of a surge in inflation to a 19-year high after the currency’s fall in …

The visit is said to be the Turkish president’s first since the 2018 murder of Jamal Khashoggi by a team of Saudi agents in Istanbul. Turkish President Recep Tayyip Erdogan has announced that he will visit Saudi Arabia next month, the Turkish leader’s first visit since the 2018 murder of …

A US dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey on November 23, 2021. REUTERS / Murad Sezer Register now for FREE and unlimited access to Reuters.com Register now ISTANBUL, Jan. 3 (Reuters) – The Turkish lira fell 5% on Monday after …

ANKARA, Turkey – The Turkish lira has recorded its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his call on Friday, December 31, for Turks to trust his unorthodox policies of cutting back taxes. interest rates in the face of soaring inflation. The lira …

Turkey’s Treasury and Finance Minister claimed that the United States Federal Reserve was not owned by the American public but rather belonged to five wealthy families, drawing criticism from economists. In a television interview with CNN Turk news channel yesterday, Nureddin Nebati – appointed by President Recep Tayyip Erdogan in …

A year of economic turmoil has sent the Turkish lira plunging to new lows, and retail investors across Turkey (now Turkiye) are racing into cryptocurrencies in a desperate race to protect their economies from drastic devaluations. President Tayyip Erdogan revealed that a cryptocurrency bill is prepared and ready to be …

Country’s economic turmoil puts publishing industry at risk as paper prices skyrocket Turkish doctoral student Gulfer Ulas saw the first edition of her favorite Thomas Mann collection published for 33 lire (around US $ 3 at the latest exchange rate). She found the second copy of the same two-volume set …

The pound fell nearly 8% against the dollar on Monday amid continued investor concern over Turkey’s monetary policy, having jumped more than 50% last week after billions of dollars in interventions on the state-supported market. The pound was also supported last week by a government move to cover exchange losses …

RIYAD: Global economic output is expected to exceed $ 100,000 billion next year, according to a report by UK consulting firm Cebr. The report also says it will take longer than expected for China to overtake the United States as the world’s largest economy. He predicted that China will occupy …

Izvestia: Russia sees increased military activity along its borders as a serious threat Deploying US and NATO missile systems near Russia’s borders is a very serious challenge for the country which simply has nowhere to retreat, said Russian President Vladimir Putin at an enlarged meeting of the Ministry of Defense. …

By Jonathan Spicer, Giulia Paravicini and Orhan Coskun ISTANBUL / ADDIS-ABEBA (Reuters) – US officials have challenged Turkey over its sales of armed drones to Ethiopia, where two sources familiar with the matter said there was growing evidence the government had used these weapons against rebel fighters. Washington has “deep …

A bureau de change holds Turkish lira and US dollar banknotes at a bureau de change in Ankara, Turkey on December 16, 2021. Cagla Gurdogan | Reuters The Turkish Lira has retreated at breakneck speed from record lows, experiencing wild swings after President Recep Tayyip Erdogan revealed a plan to …

NAIROBI, Kenya – After the Prime Minister of Ethiopia scored an astonishing military victory earlier this month, overthrowing a rebel march on the capital that threatened to topple him, he credited his troops for their bravery. “Ethiopia is proud of your incredible heroism,” jubilant leader Abiy Ahmed told his troops …

The President’s visit to Turkey from December 16 to 19 was aimed at participating in the 3rd Turkey-Africa Partnership Summit, with an attractive theme: “Strengthened Partnership for Common Development and Prosperity”. Our national strategy was laid out before we left, based on a strong optimism that the summit will work …

national of Turkey currency hits a new all-time low, depreciating against the US dollar to 17.04 TO TRY through we unity. The data from the online exchange shows this. At the same time, the Turks currency has depreciated twice since the start of the year, which is one of the …

ISTANBUL, December 18 (Reuters) – Turkish Finance Minister Nureddin Nebati briefed the country’s banking association, banking watchdog BDDK and directors of state banks about the government’s new low-rate business model , the association announced on Saturday, after the pound fell to record low. The lira fell above 17 per US …

Istanbul’s stock market was twice forced to halt trading and the Turkish lira continued to decline on Friday as concerns grew that recent interest rate cuts could spur an inflationary spiral. . Turkey’s benchmark Borsa Istanbul 100 fell 8.5% on Friday on its worst day since March, tripping two circuit …

Foreign tourists take a break in Sultanahmet Square as they visit the old city of Istanbul, Turkey on July 8, 2021. Photo taken on July 8, 2021. REUTERS / Dilara Senkaya / File Photo Register now for FREE and unlimited access to reuters.com Register Nearly 50% drop in the pound …

RIZE, Turkey — Here in President Recep Tayyip Erdogan’s hometown on Turkey’s Black Sea coast, locals are questioning the leadership of their city’s favorite son amid an economic crisis that is driving up the cost of food, gasoline and medicine. Turkey’s currency has lost up to 45% of its value …

Apple products, especially iPhones, are known for their popularity around the world. People wait in winding queues for long hours just to get their hands on the new gadgets no matter how expensive they are. Prices for Apple electronic devices, including iPhones, vary around the world. Import duties, among other …

A changing geopolitical landscape has seen Ankara and its former Gulf rivals rethink their policies towards each other. Relations between Turkey and the Arab world are experiencing a major thaw after years of strained relations – a rapid rapprochement that has occurred in the space of a year. Following attempts …

What was supposed to be an orderly diplomatic scene quickly turned into a fight club today, as officials in costume threw hay at their opponents. What was supposed to be an orderly diplomatic scene quickly turned into a fight club as officials now squabble over Turkey’s faltering economy. The country …

Growing mistrust of official Turkish inflation data fueled political tensions last week as the main opposition leader was barred from entering the Turkish Institute building. statistics (TUIK), the government agency responsible for compiling and sharing various data. Shortly after TUIK released the latest inflation figures on December 3, Republican People’s …

For years, Turkish opposition leader Kemal Kilicdaroglu has been ridiculed for his gentle demeanor and inability to make inroads election after election. Lately, however, the leader of the Republican People’s Party (CHP) has discovered a taste for daring. On Friday, he showed up uninvited to the country’s statistical agency and …

Istanbul, Turkey – The Turkish Lira crisis threatens to bankrupt 86-year-old Mehmet Sapci’s pharmaceutical company. With the onset of the coronavirus pandemic, his company – Merkez Ilac – was able to leverage its production lines to pump disinfectants that have been shown to be essential in stopping the spread of …

Turkish Finance and Treasury Minister Lutfi Elvan has resigned amid a sharp drop in the Turkish lira, according to a presidential decree published in the Turkish Official Gazette on Thursday. Elvan has asked to be relieved of his duties, the official newspaper said. Turkish President Recep Tayyip Erdogan has appointed …

ANKARA, December 1 (Reuters) – Here are news, reports and events that could affect Turkish financial markets on Wednesday. The lira was at 13.6185 against the US dollar at 04:41 GMT, lower than a close of 13.415 on Tuesday. It hit a record low of 14 Tuesday night. The main …

ISTANBUL – Lines in front of bread shops and gas stations; farmers in default of payment; impromptu street demonstrations. Signs of economic distress in Turkey are all too clear as the pound continues on a steep slide. Sporadic protests have erupted around Turkey and opposition parties have called for a …

ANKARA, Turkey (AP) – Turkish President Recep Tayyip Erdogan has said he plans to visit the United Arab Emirates in February as the two countries prepare to put years of strained relations behind them. The powerful crown prince of Abu Dhabi visited Ankara last week, making his first official trip …

• Sees an imperative for peace in Afghanistan for the TAPI gas pipeline, the CASA-1000 power grid and the trans-Afghan railway projects• Bilateral talks with the presidents of Uzbekistan, Turkey, Iran, Azerbaijan and Tajikistan ISLAMABAD: President Dr Arif Alvi said that the member states of the Organization for Economic Cooperation …

Jamil Barakat says making a living in the town of Idlib in northwestern Syria has never been easy. But the next Turkish lira crisis and skyrocketing inflation made his small business a nightmare. “Product prices change every day and customers are incredulous,” Barakat told Al Jazeera. “And of course you …

ANKARA, November 26 (Reuters) – Here are news, reports and events that could affect Turkish financial markets on Friday. The lira stood at 12.1580 against the US dollar at 04:35 GMT, weakening from a close of 12:07 on Thursday, after hitting a series of all-time lows this week. The main …

The Turkish lira was stable on Thursday after a historic drop to record lows this week that was sparked by President Tayyip Erdogan’s defense of interest rate cuts, despite widespread criticism of his political stance. Central bankers, regulators and lenders were due to meet later today to discuss the market …

Wall Street, European stock indices down Dollar retreats from 16-month high Turkish lira drops 15% to record low WASHINGTON / LONDON, Nov. 23 (Reuters) – Wall Street shares fell and the dollar fell from a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after the …

A bureau de change counts Turkish lira banknotes at a bureau de change in Ankara, Turkey on November 11, 2021. REUTERS / Cagla Gurdogan ISTANBUL, Nov.22 (Reuters) – The Turkish lira strengthened to less than 11.2 per dollar on Monday, after hitting a record high late last week after the …

While Carlos Torres Vila, director of BBVA, explained why the Spanish lender was planning to take full ownership of Turkish bank Garanti, it didn’t always sound like the sales pitch typically deployed for corporate transactions. But then the 55-year-old BBVA chairman could hardly ignore the backdrop of the deal – …

ANKARA, Nov. 18 (Reuters) – Turkish opposition leaders called for an immediate snap election on Thursday after the pound plunged 6% to a new low following the central bank’s decision to cut rates on interest under pressure from President Tayyip Erdogan. The pound has seen its worst day since a …

Emerging market equities were under pressure for the second consecutive session, as fears of high global inflation added to fears of a Chinese slowdown and tighter financing conditions in the United States. The emerging FTSE index, a broad barometer of developing country stocks, fell about 1% on Thursday in US …

Fears that Turkey could face another currency crisis continue to intensify, Capital Economics said on November 16, with the sharp depreciation of the Turkish lira in recent weeks showing little sign of slowing down. “The currency broke through the psychologically important level of 10 / $ at the end of …

People buy and sell money at an exchange office in Istanbul, Turkey on October 25, 2021. REUTERS / Dilara Senkaya ANKARA, Nov. 5 (Reuters) – The Turkish lira weakened 0.5% on Friday as investor concerns persisted over the combination of lower rates and higher inflation, and after the government denied …

November 6, 2021 IN LAST MONTHS the global economy ended up looking like an undercooked dinner in the microwave: usually hot, but with a few bits just lukewarm and others positively scorching. Global consumer prices are expected to rise 4.8% this year, according to the IMF, which is said to …

Seref Geyik, a 53-year-old vendor, waits for customers at his stall at a local market in Fatih district of Istanbul, Turkey, January 13, 2021. REUTERS / Murad Sezer / File Photo ANKARA, Nov. 1 (Reuters) – The Turkish government is preparing to raise wages and cut some taxes to support …

What does it tell us about a country when foreign ambassadors advising their host state on a legal matter and refugees playfully teasing their host citizens on social media receive the same response from the government? That Turkey is in the mood for a little “time for me”. About a …

The inscription has had a negative impact on Turkey’s global credibility and is the result of ErdoÄŸan’s attempts to overtake his weight. The Financial Action Task Force (FATF) monitoring money laundering placed Turkey last week on its “gray list” for non-compliance with the United Nations sanctions regime, money laundering and …

Turkish President Recep Tayyip Erdogan, who is due for re-election by June 2023. OZAN ​​KOSE / AFP via Getty Images Text size Like a flabby old horse under a drunken cowboy, the Turkish economy is holding up despite President Recep Erdogan. The 67-year-old leader could lose his grip after 18 …

* Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead to losses in China and Russia as commodity prices fall * US telecommunications regulator revokes authorization from China Telecom By Susan Mathew October 28 (Reuters) – Emerging market equities fell for a third session on Thursday as …

Turkey has joined Mali and Jordan as new entrants to the gray list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog body. The statement released by the FATF Secretariat, based in Paris, France, highlighted eight shortcomings, including the targeting of money laundering, non-compliance …

ISTANBUL – Turkish President Recep Tayyip Erdogan said on Saturday that he had ordered 10 foreign ambassadors who demanded the release of a jailed philanthropist to be declared persona non grata. The envoys, including representatives of the United States, France and Germany in Ankara, issued a statement earlier this week …

ISTANBUL (Reuters) – The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he ordered the expulsion of U.S. ambassadors and from nine other Western countries. The currency had already hit record lows last week after Turkey’s central bank …

Will US GDP data confirm a pickup in activity? U.S. economic growth has slowed sharply as the Delta variant of the coronavirus slashed consumer spending and supply chain bottlenecks hit businesses, but activity is already showing signs of recovery. Economists predict on Thursday that US Department of Commerce data will …

Turkish philanthropist and activist Osman Kavala has never been convicted of a crime – yet he has been in prison for almost four years in Turkey, despite a ruling by a leading European court. On September 17, the Council of Europe issued Turkey its final warning to release the 64-year-old …

The global financial watchdog known as the Financial Action Task Force, or FATF, today announced that Turkey has been added to its “gray list” of countries under increased terrorist financing watch, money laundering and institutional corruption. The move will further damage Turkey’s uneven image and likely further weaken the pound, …

When it comes to the Turkish economy, President Recep Tayyip Erdogan continues to play with fire. Despite the clearest warnings from the International Monetary Fund (IMF) about his country’s external vulnerabilities, Erdogan seems to invite a full-fledged monetary crisis by adhering to the most eccentric economic policy views and meddling …

* Turkish lira hits seventh consecutive record * Chinese equities lower the MSCI EM index * Inflation of Czech producers over 28 years old By Ambar Warrick Oct. 18 (Reuters) – Emerging market stocks and currencies fell on Monday as data showing slower-than-expected Chinese economic growth rocked sentiment, while investors …

the largest indoor arena in East Africa in Rwanda; a national mosque in Ghana; a military base in Somalia; and a nearly 400 km long railway project that would help give landlocked Ethiopia direct access to major trade routes through the port of Djibouti. These are just a few of …

An excavator is seen at a construction site for new residential buildings in Shanghai, China in this file photo from March 21, 2016. REUTERS / Aly Chanson / File Photo Chinese growth and corporate earnings in the US and Europe, including the results of the blockbuster FAANGs, will give the …

A youth foundation linked to the youngest son of Turkish President Recep Tayyip Erdogan found itself mired in new controversy after a former employee disclosed compromising documents exposing how it served as a vehicle to install party worshipers in the bureaucracy. Metin Cihan, a respected freelance journalist, posted on his …

Donald Trump and his wife Melania greet a guest after the grand opening ceremony at the Trump International Hotel Washington, DC in October 2016. Getty Images FPresident Donald Trump’s former hotel in Washington, DC received an estimate $ 3.75 million from foreign governments during his four years in office, according …

THERE NO like a poor view of the Bosphorus, the waterway that separates Istanbul between Europe and Asia. But that of the bridge Cobia gas, a 180-meter tanker, on its way from the Sea of ​​Marmara to the Black Sea, is hard to beat. Ottoman palaces parade. Hagia Sophia enjoys …

Images of young people sleeping on park benches in Izmir, in front of Sakarya University, on the seats of the ferries that connect the European and Asian shores of Istanbul and other parts of Turkey have made their way on social media the last days. They are part of a …

Turkey ratified the Paris climate agreement on Wednesday, joining the global fight against climate change weeks before the start of a critical summit in Glasgow, Scotland. Although Turkey was one of the first countries to sign the Paris Agreement in 2016, it refused to ratify it as it sought to …

ISTANBUL, Oct.6 (Reuters) – Turkey’s parliament on Wednesday ratified the Paris climate agreement, becoming the last G20 country to do so, after waiting for years over what it saw as injustices in its responsibilities under the agreement. Turkey has been a signatory to the Paris agreement since April 2016. But …

Ankara, October 5 (IANS): The economic fallout from the Covid-19 pandemic in Turkey has caused painful increases in the prices of consumer goods for most people amid embarrassing inflation that authorities are struggling to contain. Annual inflation rose to 19.58% in September from 19.25% in August, according to official data …

Turkish telecommunications giant Turk Telekom – sold for $ 6.55 billion in 2005 in what was the largest privatization ever in Ankara – again appears poised to be controlled by the government via a sovereign wealth fund in the part of a potential agreement that would mark a new stage …

An Iranian lawmaker said Iran has repeatedly saved the political life of the Turkish president. Mojtaba Yousefi, an Iranian lawmaker representing the city of Ahvaz in parliament, said that after Iran played a key role in preventing Turkish President Recep Tayyip Erdogan from falling in the 2016 coup, this time …

For 18 months, face-to-face classes were suspended in Turkey due to the pandemic. When universities reopened, many students had a nasty surprise: rents became almost unaffordable. This is partly explained by inflation and the corresponding price fluctuations, which also affected the housing market. In addition, the Turkish government has failed …

On September 26, Turkish President Recep Tayyip Erdogan gave an interview to CBS’s “Face the Nation” show. Among other things, Erdogan discussed his relationship with the administration of US President Joe Biden, Turkey’s influence in the Middle East, and the state of freedoms in his country. Interviewer Margaret Brennan asked …

Search and rescue team members evacuate residents during flash floods that swept through Turkish Black Sea towns in Bozkurt, a town in Kastamonu province, Turkey on August 12, 2021. Photo taken August 12, 2021. Onder Godez / Ministry of the Interior Press office / Document from the Disaster and Emergency …

Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, Russia, September 29, 2021. / Getty Russian President Vladimir Putin (right) eliminates Turkish President Recep Tayyip Erdogan after their meeting at the Russian Presidency’s official residence in Sochi, …

UNITED NATIONS (PA) – The foreign minister of the divided island of Cyprus accuses the Turkish president of trying to promote a new Ottoman empire in the Eastern Mediterranean and the Middle East – and says that such an approach to the geopolitics could have a negative impact on regional …

Turkey’s central bank governor Sahap Kavcioglu told online newspaper T24 that most of the depreciation of the pound against the dollar in September was due to the Federal Reserve. Key comments “No basis for rapid depreciation of the pound against the US dollar.” “Very difficult for monetary policy to affect …

Outlook September 26, 2021 5:09 PM IST Here are the best foreign stories at 1700 hours perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 TOP FOREIGN STORIES AT 1700 HOURS FGN 10 CHINA-INDIA-SENT-BORDER Don’t change the goals, don’t confuse border management with solving the border issue, Indian envoy to China Beijing: India …

A merchant counts Turkish Lira banknotes at the Grand Bazaar in Istanbul, Turkey on March 29, 2019. REUTERS / Murad Sezer / File Photo ANKARA, Sept. 24 (Reuters) – The Turkish lira hit an all-time low against the dollar on Friday, the day after an unexpected interest rate cut by …

COINS Turkish lira at historic low The Turkish lira fell to near an all-time high yesterday, a day after a surprise rate cut by the Turkish central bank, as broader emerging market currencies headed for their third consecutive weekly loss amid fears the group Chinese Evergrande (恆大 集團) is not …

The Turkish lira came close to its all-time low on Friday, driven by the flight of foreign investors but dampened by local bargain hunting, a day after the central bank unexpectedly cut interest rates and gave out that little indication of how far it might go. The currency – prone …

Shortly after a small group of Turkish academics began publishing their findings on inflation late last year, their data began to reflect what many Turks already suspected: prices were rising two times faster than the government claimed. Ankara’s backlash was swift. In February, the Turkish National Institute of Statistics (TurkStat) …

Erbas gave a sermon at the converted Hagia Sophia Mosque Religious organization Diyanet gained more funding and influence Critics say Erdogan is using religion to bolster waning support ISTANBUL, Sept. 22 (Reuters) – When President Tayyip Erdogan opened a new court complex this month, the senior Turkish cleric sealed the …

Xi Jinping pledged to accelerate efforts for China to become carbon neutral by 2060 (File) The United Nations: China will stop funding overseas coal projects, President Xi Jinping said on Tuesday, ending the flow of official aid for dirty energy contributing to the climate crisis. Xi made his announcement at …

Fitch Ratings has revised upward Turkey’s economic growth forecast for 2021 to 9.2%, according to the rating agency’s Global Economic Outlook for September, released on September 16. The new figure is a massive upward revision from the agency’s previous update on August 13, when it revised Turkey’s growth forecast upward …

The Monetary Authority will work with technology players to establish the “Digital Turkish Lira Collaboration Platform” to facilitate the research and development of a CBDC. Turkey’s central bank has set up a new platform to expand research on the potential benefits of introducing a digital version of the Turkish lira. …

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every day of the week. Foreign investors have started tiptoeing back into the Turkish debt market after severe turmoil at the start of the year, but many remain deeply skeptical about the prospects for one of the …

Published on: 09.08.2021 – 13:22Amended: 09.08.2021 – 13:20 Ankara (AFP) The Turkish lira suffered one of its biggest drops of the year on Wednesday due to speculation the central bank was on the verge of cutting rates in the face of soaring inflation. Turkey’s annual inflation rate accelerated to 19.25% …

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Turkish central bank has reoriented its policy towards a more restricted set of basic prices in a context of accelerating inflation, paving the way for a cut in interest rates requested …

ATHENS, Greece – U.S. Senate Foreign Relations Committee Chairman Bob Menendez criticized Turkey on Friday during a visit to Athens, saying its current leaders are not committed to the principles of democracy and Right wing state. Menendez, the Democratic senator from New Jersey, is in Greece to attend events celebrating …

* JPM, Morgan Stanley and Goldman cut Chinese GDP growth forecast * Chinese stocks rally on hopes of loose monetary policy * Turkish flat lira, cenbank decision on Thursday By Susan Mathew Aug. 9 (Reuters) – Chinese stocks rallied on Monday in hopes of monetary policy easing, but failed to …

ATHENS – Shells of houses and cars ravaged by flames. Stretches of forest reduced to ashes. Tourists evacuated by boat from once idyllic beaches where the sky is covered in smoke. As southern Europe grapples with one of its worst heat waves in decades, deadly wildfires have engulfed swathes of …

A firefighting helicopter shoots down as a forest fire burns in the village of Ippokratios Politia, north of Athens, Greece on August 6, 2021. Costas Baltas, Reuters Hundreds of firefighters battled a blaze on the outskirts of Athens on Friday as dozens of fires raged in Greece in what the …

* Turkish inflation reaches 18.95% in July, more than expected * Tencent drops 6% after media attack * Russian ruble up for the 7th consecutive session; oil Aug 3 (Reuters) – Rising inflation pushed the Turkish lira to seven-week highs on Tuesday as Chinese games company Tencent fell, concerns over …

(Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Turkey’s inflation rate likely jumped for a second month in July, fueled by rising energy prices and the reopening of the economy, further reducing the likelihood of an interest rate cut summer …

Muslims offer prayers on the first day of Eid Al Adha outside the iconic Hagia Sophia in Istanbul’s historic Sultan Ahmed district on July 20, 2021. Image Credit: AP Istanbul: The World Heritage Committee of the United Nations cultural agency, Unesco, on Friday asked Turkey to submit a report on …

Varosha is deserted and no one has been allowed to enter since a 1974 war divided the island. Authorities in the self-proclaimed Turkish Republic of Northern Cyprus on Tuesday announced the partial reopening of an abandoned town for possible resettlement, drawing strong rebuke from Greek Cypriots and international leaders. Varosha, …

Home and car sales have increased and shopping malls and entertainment venues appear to be quite buzzing in Turkey, even as steadfast inflation and widespread unemployment continue to haunt the country’s struggling economy. What about this seemingly contradictory trend? Are Turks throwing barbecues on the flames of inflation? Soaring prices …

SINGAPORE: The ongoing turmoil in South Africa is putting the political risks of emerging markets (EM) to the fore, and traders are looking for currencies vulnerable to political vagaries and playing them against their more stable peers. Citigroup Inc and Deutsche Bank AG were among lenders advising investors to short …

ON BOARD TURKISH COAST GUARD SHIP – Wet and shaken, the women and children were pulled aboard the Turkish patrol boat first, followed by the men and other children. A 7-year-old girl in striped leggings, Heliah Nazari, shivered uncontrollably as she sat on the deck. An older woman threw up …

ISTANBUL (AP) – Turkish President Recep Tayyip Erdogan’s spokesman on Sunday condemned a European Union court ruling allowing employers to ban staff from wearing Muslim headscarves as appeasing Islamophobia. “The European Court of Justice ruling on the headscarf in the workplace is another blow to the rights of Muslim women …

Whatever he announces, it will change the face of future discussions, analysts predict By Elias Hazou Turkish President Tayyip Erdogan’s upcoming visit to northern Cyprus next week has sparked rumors in the Greek Cypriot space, with experts anticipating some sort of Varosha announcement. That a movement is taking place there …