Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts

Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts By Selcuk Gokoluk and Netty Idayu Ismail January 18, 2021, 6:41 AM EST Updated on January 18, 2021, 9:59 AM EST Lira’s drop in past two days is most in emerging markets Turkish leader repeated controversial views on high rates The wheels are coming off the lira’s best start to a year since 2012 after President Recep Tayyip Erdogan rekindled doubts over the direction of Turkey’s monetary policy. The currency had appreciated more than 1% against the dollar this year -- adding to a 14% rally in the last two months of 2020 -- before Erdogan on Friday repeated his long-held belief that high interest rates fuel inflation. Since then, it has weakened almost 2%, the worst performance out of 24 major emerging-market currencies, and options traders have turned the most bearish on the currency since November. More:Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts

Facing Biden, Erdogan extends olive branch to EU – EURACTIV.com

Facing Biden, Erdogan extends olive branch to EU EURACTIV.com with AFP Jan 18, 2021 Facing a potentially hostile US administration, Turkish President Recep Tayyip Erdoğan is trying to break his isolation by mending EU relations, torn by what the bloc views as his bellicose foreign policy. More:Facing Biden, Erdogan extends olive branch to EU – EURACTIV.com

Turkey slaps ad ban on Twitter under new social media law | Reuters

Turkey slaps ad ban on Twitter under new social media law By Can Sezer, Daren Butler ISTANBUL (Reuters) - Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday. Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK). The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media. More:Turkey slaps ad ban on Twitter under new social media law | Reuters

Turkey Talks With Forked Tongue - OpEd - Eurasia Review

Turkey Talks With Forked Tongue – OpEd January 17, 2021 Neville Teller 0 Comments By Neville Teller Normalization is in the air.  In the past few weeks Turkey’s president Recep Tayyip Erdogan has announced not only that he would like to have better relations with Israel, but that he is working with France on a roadmap to normalize the bonds between them. More:Turkey Talks With Forked Tongue - OpEd - Eurasia Review