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
Crisis-hit Turkey risks disastrous foreign investor flight Erdogan’s interference with the central bank is badly damaging foreign investor confidence in Turkey, threatening hard-currency crunches that could send the Turkish lira to new lows. Turkey
Turkish lira volatile after central bank deputy head removed Ten days after his appointment, Turkish central bank governor Sahap Kavcioglu sought to rebuild confidence in Turkey’s markets Tuesday following another shake-up in the bank’s top managers. Turkey
Did Erdogan commit economic suicide by sacking central bank chief? The predicaments of Turkey’s cash-strapped central bank augur a highly challenging period for Erdogan while reducing the visibility range in Turkey’s economy to almost zero. Turkey
Turkish markets rattled after surprise firing of central bank head Turkey’s lira and main stock index slid about 9% Monday as markets reacted to the surprise removal of the nation’s central bank chief amid broader political turmoil. Turkey
Turkey lifts veil on unemployment data, revealing bigger army of jobless A new, broader set of labor statistics has exposed a big gap between Turkey’s official unemployment rate and the actual joblessness in the crisis-hit country. Turkey
Pandemic, domestic woes dim Istanbul’s economic luster Istanbul’s economy is estimated to have shrunk about 3% last year, even as Turkey’s gross domestic product grew 1.8%. Turkey
Turkish inflation rises, raising expectations of further rate hikes Turkey’s inflation rate rose to 15.61% in February, marking the fifth month of consecutive increases and raising expectations for the central bank to introduce further rate hikes. Turkey
Turkey emerges with ‘Pyrrhic growth’ from pandemic-hit 2020 Turkey’s economy grew 1.8% last year despite the pandemic, but not without major risks and downsides, including a smaller GDP in terms of dollars. Turkey
Foreign debt risks hover over Turkish lira’s recovery Saddled with chunky foreign debt repayments in 2021, Turkey might face hefty borrowing costs and renewed currency jitters. Turkey
Turkish Central Bank holds interest rate steady As forecasted, Turkey’s Central Bank policymakers held a key interest rate steady Thursday, saying they would continue working to reel in the nation’s double-digit inflation. Turkey
Mountain of debt growing under the rug in Turkey Turkey’s loan expansion has helped resuscitate the economy, but at the expense of an alarming surge in consumer and corporate debt. Turkey
Caught between a rock and a hard place, Erdogan seeks a way out Ankara has to improve Turkey’s international image with major reforms in order to attract much-needed foreign capital but the jury is out on whether President Erdogan can do it. Turkey
