Turkey

Turkey’s largest business group urged President Tayyip Erdogan’s government on Saturday to abandon a monetary policy based on low rates that has prompted a crash in the lira, ...

At least 22 people died and 16 others were in critical condition in hospital after consuming bootleg alcohol in Istanbul, the local governor’s office said on Friday, adding that four people ...

Turkey’s currency crisis accelerated on Friday as the lira plunged 8%, gripped by fears of an inflationary spiral brought on by President Tayyip Erdogan’s unorthodox plan to slash interest ...

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line ...

The Turkish government is soon expected to present to parliament an additional budget for next year, two officials said, because a sharp lira sell-off has strained the existing budget with ...

The United States and Qatar have assured Turkey that Exxon Mobil and Qatar Petroleum will stay out of Turkey’s continental shelf in the eastern Mediterranean, Foreign Minister Mevlut Cavusoglu ...

The Turkish lira edged to near record lows on Friday as concerns about President Tayyip Erdogan’s low interest rate policy were fueled by a central bank survey showing one ...

As the lira’s plunge in value and surging inflation erode Turks’ earnings, many people in Istanbul have taken to waiting in line for the municipality’s cheap bread as ...

The Saudi man arrested at a Paris airport over suspected links to the killing of journalist Jamal Khashoggi was released on Wednesday after officials concluded it was a case of ...

Turkey‘s president ended a trip to Qatar on Tuesday with no major deals announced or any indication that ally Doha would boost direct financial assistance as Turkey grapples with ...

The Turkish lira briefly slid 1 per cent on Monday, again nearing record lows touched last week as concerns persisted over President Tayyip Erdogan’s rate-cutting drive and Qatar said it ...

Turkish President Tayyip Erdogan said on Saturday he hoped that volatile foreign-exchange and inflation rates would stabilise shortly and he again promised low interest rates, after a historic plunge in ...

Turkey’s annual inflation jumped more than expected to a three-year high of 21.31 per cent in November, data showed on Friday, further exposing the risks of recent aggressive rate cuts ...

Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top official seen to favour ...

Turkish factory activity grew in November, with new export orders and output rising, while a sharp increase in costs pushed output price rises to their fastest pace on record amid ...

Turkey’s lira dipped to 13 to the dollar on Tuesday, resuming a slide towards last week’s record low as strong economic growth data failed to alleviate concerns about a ...

Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the lira fell sharply to record lows against the dollar this week, the Anadolu news agency reported ...

By Ali Kucukgocmen A Turkish court ruled on Friday that philanthropist Osman Kavala must stay in prison, extending his four-year detention without conviction in a trial which has further strained ...

The lira’s plunge has propelled Turkey’s exporter-dominated stock market to its best month in 12 years, but for foreign investors, who have just started dipping their toes in again, ...

Metin Gurcan, a founder of the Turkish opposition Democracy and Progress Party (DEVA), said on Friday he had been detained over “political espionage” and that police were raiding his house. ...

Turkey’s lira nosedived more than 15 per cent on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his “economic war of independence”, despite widespread criticism ...

Turks attempting to buy iPhones and other electronics received online error messages on Wednesday, including from Apple Inc’s local website, after a historic 15% plunge in the lira the day ...

Turkish opposition leaders called for immediate early elections on Thursday after the lira plunged 6 per cent to new lows following the central bank’s decision to cut interest rates amid ...

Turkey’s central bank slashed its policy rate by 100 basis points to 15 per cent on Thursday and hinted at more easing despite inflation running near 20 per cent, accelerating a spiral ...