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Monday, October 25, 2021

Erdogan aims to ′boost Turkish growth′ with lira depreciation | Business | Economy and finance news from a German perspective | DW | 25.10.2021

Erdogan aims to 'boost Turkish growth' with lira depreciation The lira extended its fall into record-low territory after the Turkish president had pushed the central bank to cut interests rates to boost lending and growth. But the drawbacks are dire, say economist Erdal Yalcin. More:Erdogan aims to ′boost Turkish growth′ with lira depreciation | Business | Economy and finance news from a German perspective | DW | 25.10.2021

Lira and geopolitical tensions

Lira and geopolitical tensions ANALYSIS | 10/25/2021 5:27:53 AM GMT Geopolitical tension The Turkish lira has taken a beating after Turkish President Tayyip Erdogan stated that ambassadors from ten western countries, including the United States, France, and Germany, are no longer welcome in Turkey after these nations demanded the release of a well-known businessman, Osman Kavala. In 2016, Osman Kavala allegedly assisted in a failed coup attempt against Erdogan's government. Kavala has denied any ties to Fethullah Gulen, an Islamic cleric based in the United States who is believed to be the mastermind behind the attempted takeover. President Tayyip Erdogan has taken offence to the request by Western countries as he deems that they are contesting Turkey’s independence and its judicial system. More:Lira and geopolitical tensions

Friday, October 22, 2021

Turkey's Erdogan threatens ambassadors over calls for Osman Kavala's release | Euronews

Turkey's Erdogan threatens ambassadors over calls for Osman Kavala's release COMMENTS By Euronews with AP, AFP  •  Updated: 21/10/2021 - 20:33 Turkish President Recep Tayyip Erdoğan has slammed ten ambassadors over their call for the release of a jailed philanthropist. Erdoğan said that their demands were "irresponsible" and threatened to expel them from Turkey, according to national media. More:Turkey's Erdogan threatens ambassadors over calls for Osman Kavala's release | Euronews

Turkish lira continues to slide after interest rate cut

Turkish lira continues to slide after interest rate cut Oct. 22, 2021 Updated: Oct. 22, 2021 7:45 a.m. ANKARA, Turkey (AP) — The Turkish lira continued to slide and reached a record low against the U.S. dollar Friday, a day after the Central Bank sharply cut interest rates. It was another hit after a global financial watchdog placed Turkey on a list of countries to monitor for money laundering and terrorism financing. More:Turkish lira continues to slide after interest rate cut

Freedom of the press in Turkey: Recep Tayyip Erdogan tightens the media thumbscrews - Qantara.de

Freedom of the press in Turkey Recep Tayyip Erdogan tightens the media thumbscrews Critics are in for a rough ride: in future, opposition media in Turkey that receives funding from abroad will have to disclose all sources of income. Journalists' associations fear a further attack on press freedoms. By Hilal Koylu More:Freedom of the press in Turkey: Recep Tayyip Erdogan tightens the media thumbscrews - Qantara.de