Explainer Turkey’s $18B Ponzi-like scandal likened to Madoff as arrests mount Turkey detained 14 more people Tuesday as authorities widened a probe into one of the country's largest investment-fund scandals. Turkey
Analysis With Hurjet test, Turkey seeks defense dominance beyond drones With export revenue from the supersonic crewed aircraft, Ankara plans to fund next-generation projects and gain strategic diplomatic and military leverage across NATO and the region. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey’s Fidan heads to Libya as US-backed unification push gathers pace The Turkish foreign minister will hold talks in both Tripoli and Benghazi as Ankara seeks to preserve its military, maritime, energy and commercial interests while Washington pushes Libya’s rival camps toward a power-sharing arrangement. Turkey
Analysis How Turkey is deepening energy and economic ties with Iraq as Iran weakens Turkey and Iraq are accelerating energy, infrastructure and trade cooperation as the Hormuz crisis increases the strategic value of northern export routes. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Analysis Iran war puts Turkey’s inflation fight, lira under fresh pressure By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Erdogan son-in-law takes Finance Ministry post with promises, hush orders Turkey’s newly re-elected President Recep Tayyip Erdogan has promoted his son-in-law in law to finance minister among other steps to tighten control over the country's economic policies. Turkey
The unorthodox theory behind Erdogan's monetary policy Economists and investors are not buying the controversial economic theory invoked by Turkey’s president to justify low interest rates in the face of high inflation and the lira's collapse. Turkey
Bowing to market pressure, Turkey's Central Bank hikes rates The Turkish currency's nosedive continues, with the nation's Central Bank hamstrung by President Recep Tayyip Erdogan's resistance to intervention. Turkey
Turkish lira in tailspin as Erdogan spooks investors Clinging to unorthodox economic views, Turkey’s president has effectively paralyzed the central bank as the Turkish lira’s meltdown continues, threatening major economic turmoil. Turkey
Turkey welcomes back foreign cash, no questions asked Scrambling to ease a bruising hard currency crunch, the Turkish government has enacted a wealth amnesty bill that opens the door to the repatriation of shadowy money from abroad. Turkey
Turkey stands to suffer under new US sanctions on Iran Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran. Turkey
Who is really driving the slump of the Turkish lira? Though the flight of foreign investors is often cited as the main factor behind the slump of the Turkish lira, official data indicate that growing distrust in the currency stems largely from domestic actors. Business
Turkey’s lira tumbles as inflation nears record high Investors are dumping the Turkish currency amid worries that a pre-election spending spree and pressure on the Central Bank to keep interest rates low could see the lira continue to spiral. Turkey
Turkey's ruling party offers big payouts ahead of critical vote Despite its deepening financial woes, Turkey’s government has rolled out an unprecedented $6 billion package to court favor with voters ahead of the June 24 polls. Turkey
How Turkey's 'doping-induced' growth backfired into hasty elections The Turkish government’s rush to hold elections in June is driven by economic woes that even its attempts at "doping-induced" growth have failed to overcome. Turkey
Why are Turkey’s gold reserves on the rise? The Turkish central bank’s gold reserves have reached an unprecedented level of more than $25 billion under a strategy shift driven by a combination of financial strains and risks stemming from tensions with the United States. Turkey
Turkey’s controversial wealth fund stumbles badly since hasty creation Turkey’s sovereign wealth fund, which holds key public assets worth $160 billion, has stumbled badly since its hasty creation in 2016. Turkey
