Fierce tensions between the United States and Turkey have continued to escalate over the weekend – resounding through the global economy and inseminating volatility throughout the Middle East markets – in response to Trump’s tough crackdown on the once esteemed … Read More
Turkey’s political and economic crisis has sent its currency tumbling to a record low against the U.S. dollar Friday and unsettled investors amid fears that the contagion may spread from the small southern European economy into financial markets around the world. So … Read More
–The euro fell half a percent against the dollar after reports that the ECB officials are concerned about European banks’ exposure to Turkey. –Data from the Bank for International Settlements (BIS) showed that Spanish banks are due $83.3 billion by … Read More
Turkey may start ‘looking for new friends,’ Erdogan writes Trump boosted U.S. sanctions amid rout in Turkish markets Donald Trump with Recep Tayyip Erdogan on July 11. Photographer: Marlene Awaad/Bloomberg Turkey’s President Recep Tayyip Erdogan warned the U.S. that its decades-long … Read More
After US president hikes taxes, Turkish president encourages Turks to buy lira in two separate speeches as currency hits record lows. The value of the lira dropped as much as 20 percent on Friday (AFP) President Recep Tayyip Erdogan told … Read More
Turkish President Recep Tayyip Erdogan compared “some” Israeli leaders to Adolf Hitler in response to the passage of Israeli legislation defining the nation as a Jewish state. “The soul of Hitler that dragged the world into a disaster has revived … Read More
More than 8,998 police officers and 3,077 army soldiers among public employees dismissed by emergency decree. Some 18,632 people have been sacked, including 8,998 police officers, 3,077 army soldiers [Burak Kara/Getty Image] Turkish authorities have ordered the dismissal of more … Read More
Turkey’s new presidential system will officially enter into force on Monday. That will give President Recep Tayyip Erdogan powers that no democratically elected leader of Turkey has ever had. On July 9, President Recep Tayyip Erdogan will take his oath of office … Read More
A recent summit saw the domestic contradictions in EU nations coming to the fore; the focus is increasingly on getting Turkey and Libya to stop those fleeing from conflict. In the last week of June, political developments within Germany and … Read More
ARTICLE SUMMARY The US-Turkish deal on Manbij sparks a Damascus opening to Syrian Kurds; Iran scolds Turkey on PKK operations in Syria; the HDP faces violence and an “uneven” playing field in elections; Iran is caught in the middle between … Read More