Turkey: Flash floods kill 3, paralyze Istanbul after record downpour Heavy rains stranded hundreds, blocking major roads and disrupting air and public transportation, flooding buildings and forcing school closures across Istanbul province. Turkey
Analysis Pragmatic politics: Why Turkey avoids blaming Russia for Black Sea attacks Beyond economics, Ankara’s approach is also shaped by maintaining its role as an indispensable mediator between the Kremlin and the West. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Can Turkey’s Bashiqa withdrawal pave the way for deeper Iraq ties? By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Russia offers Erdogan economic lifeline Gas payments in rubles will help Turkey reduce its foreign-currency demand. Turkey
Turkey’s inflation hits almost 80% as Erdogan insists on low-rate policy Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%. Turkey
Turkey, Russia gas ties grow contentious amid Ukraine war Russian gas giant Gazprom’s sudden “maintenance" shutdown of a major pipeline carrying gas to Turkey coincided with the talks over Finland's and Sweden’s NATO membership bids. Turkey
Praise for Erdogan's mediation in Ukraine grain deal has its limits The UN-Turkish mediation with Russia and Ukraine may not give the Turkish president the expected diplomatic boost at home. Turkey
Abandoned Ankara theme park subject of lawsuits, political controversy The opposition mayor says the Wonderland Eurasia theme park, or Ankapark, cost $801 million as he files criminal complaint. Turkey
How realistic are Ankara’s hopes of trading in Turkish liras? While the Turkish lira continues to tumble, Turkey’s currency swaps with China and other countries have failed to live up to their stated objective of boosting trade in local currencies, official data show. Turkey
Erdogan woos Turkish youth by canceling interest on student loans The president’s move, first suggested by the opposition, follows protests by thousands of students over the exorbitant interest on student loans. Turkey
Turkey’s economy stands to suffer from euro’s downturn The ramifications of the euro’s slide threaten to further stoke Turkey’s currency woes and soaring inflation. Turkey
Turkey looks to import gas from Turkmenistan, test exports to Bulgaria Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas. Turkey
Turkey’s runaway inflation soars to near 79% The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall. Turkey
Ankara forces companies to sell hard currency as circle tightens The Turkish government’s latest loan restriction may help the embattled lira recover to some extent, but not without the risk of damaging side effects. Turkey
Currency shocks, wild inflation mark Erdogan’s time as executive president Turkey’s currency has lost 73% of its value against the dollar since Erdogan assumed sweeping executive powers in 2018 and remains prone to fresh shocks amid growing economic fragilities. Turkey
