Turkey

Turkey’s annual inflation rate surged to 36.1 per cent last month, its highest in the 19 years Tayyip Erdogan has ruled, laying bare the depths of a currency crisis engineered by ...

Turkey sharply raised electricity prices by 50-100% for households and companies on Saturday, and again increased monthly natural gas bills, adding to strains in an economy facing soaring overall inflation. ...

Emerging market stocks broke a two-year winning run, but were set to end the last day of 2021 on a positive note on Friday boosted by China shares, while Turkey’s ...

The Turkish lira weakened for a fifth consecutive day on Friday, further eroding the big gains it made a week earlier as investors continued to fret about the country’s ...

President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply ...

Turkey’s lira fell 5 per cent on Thursday, extending a four-day slide and eating into big gains last week, as the government struggled to convince savers to ignore the volatility ...

The Turkish lira weakened for the third consecutive day on Wednesday, tumbling 5 per cent and eating further into the huge gains made the previous week, as worries persisted over soaring ...

Turkish Airlines has reached an agreement with its labour union for a pay rise of inflation plus 65 per cent for 2022, the Hava-Is union said on Thursday. The flag carrier will ...

Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency ...

Turkey’s lira was on track for its strongest week on record on Friday, having spiked 44 per cent with the support of billions of dollars of state-backed market interventions and ...

Turkey’s economy grew 7.4 per cent year-on-year in the third quarter, meeting expectations on the strength of retail demand, manufacturing and exports, official data showed on Tuesday, though it did ...

U.S. authorities have taken issue with Turkey over its sales of armed drones to Ethiopia, where two sources familiar with the matter said there was mounting evidence the government ...

Turkey’s lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings. Erdogan introduced ...

By Tuvan Gumrukcu President Tayyip Erdogan said he had lowered Turkey’s inflation to around 4% before and that he will achieve that again soon as annual price rises exceeded 21% due ...

Turkey’s largest business group urged President Tayyip Erdogan’s government on Saturday to abandon a monetary policy based on low rates that has prompted a crash in the lira, ...

At least 22 people died and 16 others were in critical condition in hospital after consuming bootleg alcohol in Istanbul, the local governor’s office said on Friday, adding that four people ...

Turkey’s currency crisis accelerated on Friday as the lira plunged 8%, gripped by fears of an inflationary spiral brought on by President Tayyip Erdogan’s unorthodox plan to slash interest ...

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line ...

The Turkish government is soon expected to present to parliament an additional budget for next year, two officials said, because a sharp lira sell-off has strained the existing budget with ...

The United States and Qatar have assured Turkey that Exxon Mobil and Qatar Petroleum will stay out of Turkey’s continental shelf in the eastern Mediterranean, Foreign Minister Mevlut Cavusoglu ...

The Turkish lira edged to near record lows on Friday as concerns about President Tayyip Erdogan’s low interest rate policy were fueled by a central bank survey showing one ...

As the lira’s plunge in value and surging inflation erode Turks’ earnings, many people in Istanbul have taken to waiting in line for the municipality’s cheap bread as ...

The Saudi man arrested at a Paris airport over suspected links to the killing of journalist Jamal Khashoggi was released on Wednesday after officials concluded it was a case of ...

Turkey‘s president ended a trip to Qatar on Tuesday with no major deals announced or any indication that ally Doha would boost direct financial assistance as Turkey grapples with ...