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
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
Turkey to lower price of citizenship for foreign investors Disappointed by the impact of a citizenship incentive offered to foreign homebuyers last year, Ankara is expected to lower the bar from $1 million to $300,000. Turkey
Turkey’s economic woes open cracks in government ranks Amid failing efforts to halt the slump of the Turkish lira, President Recep Tayyip Erdogan and senior Cabinet members appear increasingly at loggerheads over how to keep the economy afloat. Turkey
Rumors of Turkish deputy PM's departure spook markets The Turkish lira took a tumble amid reports that Mehmet Simsek, the deputy prime minister in charge of Turkey's economy, had resigned. Turkey
