Turkish President Recep Tayyip Erdoğan has targeted the main opposition Republican People’s Party (CHP) over its shares in Turkish lender İşbank, the Cumhuriyet daily reported. “It [the CHP] owns 28…
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Economy
Turkey’s finance minister expects no fine for Halkbank, citing US law firm
A US law firm hired by Turkey to look into state-owned Halkbank’s dealings with Iran found that it did not violate US sanctions, Turkey’s finance minister told Reuters, and Ankara…
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Turkish interior minister says terrorists are exploiting Saturday Mothers
Turkish Interior Minister Süleyman Soylu on Monday defended a police intervention in the 700th meeting of the Saturday Mothers in İstanbul, saying that they wanted to prevent the “abuse of motherhood”…
Read MoreAnother coup attempt ‘hero’ dismissed by government decree
A colonel who was hailed as a hero for standing up to a failed coup attempt in 2016 was dismissed from the Turkish Armed Forces under the last government decree…
Read More[ANALYSIS] Erdoğan knew an economic crisis was coming and did nothing at all
In March 2015, Turkish President Recep Tayyip Erdoğan urged his fellow citizens not to invest in US dollars at a time when the Turkish lira was losing a significant amount…
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Bundesbank head stresses independence of Turkey’s central bank amid currency crisis
Jens Weidmann, the head of Germany’s Bundesbank, said on Thursday that the independence of the Turkish Central Bank was important for the recovery of the country’s poor economic situation, Deutsche…
Read MoreCentral bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend
Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar to be 5.97 at the end…
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US considering further sanctions against Turkey including limits on THY: report
The Trump administration is considering a range of further sanctions against Turkey including limits on Turkish Airlines (THY), The New York Times reported on Tuesday, citing a senior administration official…
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VP Pence warns Turkey: Don’t test Trump’s resolve on return of pastor Brunson
US Vice President Mike Pence on Wednesday tweeted that Turkey should not test US President Donald Trump’s resolve to see the return to the United States of Americans wrongfully imprisoned…
Read MoreTurkey doubles tariffs on some US imports as lira rallies
Turkey doubled tariffs on some US imports including alcohol, cars and tobacco on Wednesday in retaliation for US actions, but the lira rallied further after the central bank’s liquidity moves…
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