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
In surprise move, Turkey’s Central Bank hikes interest rates to 50% The move comes after the bank announced last month that it was pausing the hikes. Turkey
Analysis New visits, full momentum: Can Turkey and US go beyond transactionalism? US-Turkey ties are heading in a positive direction, but it’s too soon to be optimistic, according to one expert. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey’s Fidan to meet Blinken in Washington as US ties strengthen Hakan Fidan's meeting with Blinken comes on the heels of his meeting with Russian Foreign Minister Sergey Lavrov at the Antalya Diplomatic Forum. Turkey
Turkey's annual inflation surges to 15-month high of 67% With Turkey's annual inflation at 67%, a 15-month high, analysts argue that the Central Bank will need to resume monetary tightening. Turkey
Turkey’s Fidan set to visit Venezuela and meet Maduro The Turkish foreign minister is set to make his inaugural visits to Venezuela and Mexico in his capacity as his country’s top diplomat. Turkey
Turkey’s Central Bank holds interest rates at 45%, first time in 8 months The move was widely expected as the bank signaled earlier this month that it would pause the hikes. Turkey
Can Turkey, Iraq pull off 'Dry Canal' project? While experts believe the ‘Dry Canal’ project involving road and rail networks faces an uphill battle, the initiative seems to stand a better chance than its alternatives. Turkey
Turkey’s new Central Bank chief says new hikes on table if inflation deepens Turkey's new Central Bank chief, Fatih Karahan, signals that interest rate cuts are far off and that new hikes may be on the table, depending on the inflation outlook. Turkey
With $104 billion in damages, Turkey’s earthquake region sees slow recovery Turkey’s quake victims can hardly hope for a faster recovery, as Ankara seems to be keeping the pace of reconstruction tied to its overall economic roadmap, wary of overheating the fragile economy. Turkey
Turkey names Fatih Karahan as Central Bank chief after Erkan's resignation Gaye Erkan's resignation comes after a series of allegations by former and current Central Bank employees accusing Erkan of unethical conduct. Turkey
Turkey’s Central Bank raises interest rates to 45% A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities. Turkey
