Moody’s downgrades Turkey outlook to ‘negative’
Putting the country’s investment-grade rating at risk
Read More →Triumphant Turkey PM renews pledge to crackdown on rivals
The scandal has played out with a spate of wiretaps and social media leaks implicating Erdogan in graft and exposing high-level security talks weighing military action in Syria.
Read More →Turkey president, officials urge more Gulf investments
Gul arrived in Kuwait on Tuesday for a three-day visit, leading a high-level delegation of more than 100 people, including from the business sector.
Read More →Turkey’s opposition to contest Ankara local poll result
According to provisional official results, the AKP mayor Melik Gokcek, who has held the post for two decades, won the city by a wafer-thin margin of 44.79% against 43.77% for CHP candidate Mansur Yavas.
Read More →Turkey PM claims victory, warns rivals ‘will pay price’
“Those who attacked Turkey got disappointed,” Erdogan told a jubilant crowd of thousands, speaking from the balcony of his party’s Ankara headquarters
Read More →Turkey’s embattled PM faces key test in local elections
More than 50 million voters were to cast their ballots for mayors and local assemblies at almost 200,000 polling stations, pitting Erdogan’s Islamic-rooted Justice and Development party against secular, nationalist and other groups.
Read More →Turkish PM in fight against shadow enemy
Out on the campaign trail ahead of Sunday’s local elections, there are few doubts about who Prime Minister Recep Tayyip Erdogan has in mind when he vows to “liquidate” his foes.
Read More →35 nations sign up to tougher nuclear security standards
Obama has made improving nuclear safety one of the figurehead foreign policies of his presidency and said in 2009 that nuclear terrorism was “the most immediate and extreme threat to global security”.
Read More →Twitter ban widens rift between Turkey’s leaders ahead of vote
Turkey’s 10 million Twitter users were banned Thursday from accessing the site after Erdogan vowed to “wipe out” the messaging service, which has been used by to publish damaging allegations against his government.
Read More →Syria rebels seize key area on Turkey border: NGO
The air raids come a day after a Syrian warplane was shot down by Ankara’s jets in an incident slammed as “flagrant aggression” by Damascus.
Read More →After popular protests, Oman starts to pursue graft
Reuters – Young Omanis who took to the streets in 2011 to demand jobs and better economic prospects failed to trigger the mass protests that transformed other parts of the Arab world in their own read the rest…
Read More →Turkey downs Syria warplane on border: NGO
AFP - Turkish anti-aircraft fire shot down a Syrian warplane on Sunday as it bombed rebels fighting to seize control of a border post in northwestern Syria, an NGO said. “Turkish air defences targeted a Syrian read the rest…
Read More →Turkish president says Twitter ban to be lifted ‘’soon’
The president confirmed that the US-based social media giant had hired a lawyer in Turkey for negotiations with the authorities.
Read More →Furious reaction, political split after Turkey bans Twitter
Industry Minister Fikri Isik said talks with Twitter were taking place and the ban would be lifted if the San Francisco-based firm appointed a representative in Turkey and agreed to block specific content when requested by Turkish courts.
Read More →Tens of thousands mourn Turkey protest teen’s death
Police were bracing for further clashes after they fired tear gas and water cannon at stone-hurling protesters in several cities on Tuesday following the death of 15-year-old Berkin Elvan after 269 days in a coma.
Read More →Turkey’s Koc calls on Erdogan to address graft charges to lower tensions
Reuters – Mustafa Koc, chairman of Turkey’s biggest company Koc Holding, on Sunday called on the government to calm financial markets worried about a corruption inquiry and denied he has sought to undermine Prime Minister read the rest…
Read More →Turkey passes law to shut schools run by Erdogan arch-rival
The row between Prime Minister Recep Tayyip Erdogan and his former ally, cleric Fethullah Gulen, erupted in November when government first floated the idea of shutting down the schools, a major source of income for Gulen’s Hizmet movement.
Read More →Turkish lira firms on hopes US tapering continues only steadily
The Istanbul share index rose 1.25% to 62,553.32 points, outperforming the wider emerging markets index, which was up 0.39%.
Read More →Turkey PM vows action against ‘fake’ leaked recordings
Erdogan has come under intense pressure since the corruption scandal erupted, throwing up the biggest challenge yet to his 11 years in power ahead of key local elections in March.
Read More →Murky Turkish football politics mesh with massive corruption scandal
By James M. Dorsey Always murky, Turkish football politics have become even murkier as a politics-laden match-fixing scandal meshes with a corruption investigation that targets Prime Minister Recep Tayyip Erdogan and his closest associates. Defendants read the rest…
Read More →Turkey passes bill tightening control of judiciary
Ali Ihsan Kokturk, lawmaker from the main opposition Republican People’s Party (CHP), got a bloodied nose in the brawl, while ruling party lawmaker Bayram Ozcelik’s finger was broken.
Read More →Egypt dismisses Erdogan remarks
Turkish PM’s remarks on Egypt fall on deaf ears in Cairo, says foreign ministry
Read More →Court delays Istanbul airport project
The state airports authority responded to the court ruling by saying the project was continuing as planned.
Read More →S&P cuts outlook on Turkey ratings citing erosion in governance
The credit ratings agency cut its outlook to negative on its unsolicited ‘BB+’ long-term foreign currency and ‘BBB’ long-term local currency ratings.
Read More →Turkey’s central bank signals crisis rate rise
The bank also raised its outlook for inflation.
Read More →Turkey PM to visit Iran to expand ties
AFP – Turkish Prime Minister Recep Tayyip Erdogan is due in Tehran Tuesday evening, as both countries seek to expand economic ties and hold talks on the Syrian civil war, an Iranian official said. Iran read the rest…
Read More →Turkey ramps up lira defence with central bank crisis meeting
The lira rallied slightly shortly after the announcement.
Read More →Lira drop is ‘re-pricing’ due to politics, Fed taper: Turkey Deputy PM to Davos
The lira weakened beyond 2.33 to the dollar, meaning Turks now need more than twice as many lira to buy dollars as they did at the currency’s peak six years ago, a costly decline in a nation heavily dependent on imports.
Read More →EBRD cuts growth forecast for crisis-hit Turkey
Turkey’s economy was nevertheless expected to grow by 3.3% in 2014, the EBRD said in a statement.
Read More →Turkey says ready to discuss judicial row with EU
The government’s purge has extended to banking and telecoms oversight bodies as well as state television.
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