Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
Category: Erdogan, Recep Tayyip
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U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
The New York Times – Business: -
Turkey’s Central Bank Chief Steps Down Amid Long Inflation Battle
The government swiftly replaced her and said the change did not reflect a policy shift for the country, where annual inflation is about 65 percent.
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Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation
The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
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Turkey’s Women’s Volleyball Team Inspires Pride
Turkey is basking in the success of players it calls “Sultans of the Net,” seeing paragons of female empowerment in a country grappling with multiple crises.
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Turkey’s Central Bank Raises Rates to Near Two-Decade High
The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
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Can a Rapper Change Italy’s Mind About Migrants?
As the country’s right-wing government takes a hard line on Mediterranean immigration, the hip-hop artist Ghali has become a prominent voice of compassion.
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Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.
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For Turkey, Erdogan Victory Brings More Risky Economic Policy
The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
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Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The New York Times – Business:The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
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One Week After Turkey-Syria Earthquake, Relief Efforts Stymied
The New York Times – Business:More than 31,600 people in Turkey and more than 3,500 in Syria have died in the earthquake, the deadliest in Turkey since 1939.
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Turkey Is Strengthening Its Energy Ties With Russia
The New York Times – Business:As Moscow seeks new customers for oil, gas and coal, Ankara is a willing buyer as it promotes plans as a regional trading hub.