Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' | Reuters

Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' By Daren Butler and Tuvan Gumrukcu ISTANBUL, Nov 30 (Reuters) - Turkey's lira plunged as low as 14 to the U.S. dollar and hit new lows against the euro on Tuesday, capping a historical month of selling after President Tayyip Erdogan again endorsed aggressive interest rate cuts despite widespread criticism and soaring inflation. More:Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' | Reuters

Turkey's economic confidence index fell 2% MoM in November - Eminetra

Turkey’s economic confidence index fell 2% MoM in November According to the Turkish Institute of Statistics (TurkStat), Turkey’s economic confidence index, which was 101.4 in October, decreased by 2% to 99.3 in November. This decline was due to a decline in the Consumer Confidence Index and the Service Confidence Index, down 7.3% to 71.1 and 0.7% to 119.4, respectively. More:Turkey's economic confidence index fell 2% MoM in November - Eminetra

How Erdogan’s dictatorial economics is fuelling Turkey's inflation, throwing lira off track

How Erdogan’s dictatorial economics is fuelling Turkey’s inflation, throwing lira off track With almost a year left for general elections, Turkish President Recep Tayyip Erdogan’s politics has started hurting its economy. Experts fear it’s not going to end well. More:How Erdogan’s dictatorial economics is fuelling Turkey's inflation, throwing lira off track

‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis - The New York Times

Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis President Recep Tayyip Erdogan’s insistence on directing monetary policy and sticking with low interest rates is draining confidence, economists say. More:‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis - The New York Times

Murder of women in Turkey: Femicide requires harsher sentencing - Qantara.de

Murder of women in Turkey Femicide requires harsher sentencing According to lawyers and women's rights activists, the prison term for the murder of women in Turkey is not long enough. They argue that the brutality of the crime should carry more weight during sentencing – and hope thereby for a deterrent. Burcu Karakas reports More:Murder of women in Turkey: Femicide requires harsher sentencing - Qantara.de

Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy

Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy His erratic policies scare away tourists and foreign capital. Eric Edelman and Aykan Erdemir Mordy and Natalie Oknin, an Israeli couple visiting Istanbul, filmed a video last week to dispel fears among Israelis too scared to visit Turkey. Natalie said, “There is nothing to fear. It is fun in Turkey, safe in Turkey, you can speak Hebrew openly. They love us Israelis.” Her husband added, “Come, everything is okay.” Shortly after, however, the Oknins ended up in solitary confinement for six days on spurious charges of espionage and were able to return home only following backchannel talks between Ankara and Jerusalem. The swift resolution of the latest episode of Turkish President Recep Tayyip Erdoğan’s hostage diplomacy should not gloss over the harm it does to the detained victims and its collateral damage to Turkey. More:Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy

Turkey’s Foreign Policy Balancing Act – Analysis – Eurasia Review

Turkey’s Foreign Policy Balancing Act – Analysis November 28, 2021 Emil Avdaliani 0 Comments By Emil Avdaliani It is often claimed that Turkey made a definitive break with the West in the 2000s after the Justice and Development Party (AKP) came to power. The argument is that by changing direction internally, Ankara turned away from what the West was hoping to achieve in terms of its relations with Turkey. More:Turkey’s Foreign Policy Balancing Act – Analysis – Eurasia Review

Turkey’s middle classes abandon Erdogan as rising prices and repression take toll | World | The Sunday Times

Turkey’s middle classes abandon Erdogan as rising prices and repression take toll President is branded ‘out of touch’ by former supporters after two decades dominating Turkish politics, but voters have few alternatives More:Turkey’s middle classes abandon Erdogan as rising prices and repression take toll | World | The Sunday Times

Turkey: Joint Kurdish plan? Turkish opposition hope for election boost - Qantara.de

Joint Kurdish plan? Turkish opposition hope for election boost For the first time in 19 years, polls suggest Turkey's opposition could be on track to defeat President Erdogan at the next election. To boost their appeal to Kurdish voters, politicians are now talking openly about solving the Kurdish issue. But how sincere are they and how realistic their chances of success? Leyla Egeli reports More:Turkey: Joint Kurdish plan? Turkish opposition hope for election boost - Qantara.de

Osman Kavala, prisoner embroiled in Turkey's standoff with West | Reuters

Osman Kavala, prisoner embroiled in Turkey's standoff with West By Daren Butler ISTANBUL, Nov 26 (Reuters) - Philanthropist Osman Kavala, the man dragged into a diplomatic spat between Ankara and its Western allies last month, played a big role developing Turkish civil society before being jailed in 2017 on a charge of seeking to overthrow the government. More:Osman Kavala, prisoner embroiled in Turkey's standoff with West | Reuters

Turkish unrest grows as Erdogan’s ‘economic war’ hits cost of living | Financial Times

Turkish unrest grows as Erdogan’s ‘economic war’ hits cost of living Public patience with president’s policy wears thin as prices soar and ruling party MP suggests people should eat less More:Turkish unrest grows as Erdogan’s ‘economic war’ hits cost of living | Financial Times

Angry Turks queue for petrol ahead of steep price hikes amid lira crash | Reuters

Angry Turks queue for petrol ahead of steep price hikes amid lira crash Reuters ANKARA/ISTANBUL, Nov 24 (Reuters) - Thousands of angry and exasperated Turks queued at petrol stations on Wednesday ahead of a steep hike in fuel prices after the Turkish lira crashed to record lows following President Tayyip Erdogan's defence of rate cuts. More:Angry Turks queue for petrol ahead of steep price hikes amid lira crash | Reuters

Erdogan Has Never Been in This Much Trouble

Erdogan Has Never Been in This Much Trouble Surrounded by rivals amid a collapsing economy, the Turkish president is facing the longest odds of his life. By Steven A. Cook In Turkey, it seems, the chickens are coming home to roost. It has been a terrible few months for the ruling Justice and Development Party (AKP) and President Recep Tayyip Erdogan. Turkey is isolated internationally, the economy continues to deteriorate, there are questions about Erdogan’s health, and his and the AKP’s poll numbers do not look good. To a variety of observers and the Turkish opposition, the AKP’s crack-up is coming. More:Erdogan Has Never Been in This Much Trouble

Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts | Euronews

Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts By Euronews, AP and AFP  •  Updated: 24/11/2021 - 20:51 People in the streets of Istanbul have expressed concern over the Turkish lira plunging to record lows against the dollar on Wednesday, a day after Turkey's president said policymakers had no appetite to hike interest rates in response to the currency's fall. More:Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts | Euronews

Erdogan’s zany monetary experiment is impoverishing Turkey | The Economist

Erdogan’s zany monetary experiment is impoverishing Turkey The Turkish president is at war with the markets Nov 24th 2021 ISTANBUL BY THE END of the month the only food Emer can prepare is plain pasta. Occasionally she goes to bed hungry. “I can’t even afford anchovies,” the retired nurse says outside a vegetable market in Maltepe, a middle-class neighbourhood in Istanbul. She and her two sons have to get by on her monthly pension of 3,000 lira, or about $250. Emer is behind on gas and electricity bills and loan payments. She is not alone. Soaring prices and a plummeting currency are turning the savings and incomes of most Turks to dust. More:Erdogan’s zany monetary experiment is impoverishing Turkey | The Economist

Erdogan’s credibility plunges along with lira - Al-Monitor: The Pulse of the Middle East

Erdogan’s credibility plunges along with lira Turkey’s president has received the lowest grade from consumers in his political career as his controversial economic policy is expected to further fuel inflation in the coming months. More:Erdogan’s credibility plunges along with lira - Al-Monitor: The Pulse of the Middle East

Turkish Lira’s Historic Crash: Here’s Why Inflation And Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency

Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency TOPLINE The Turkish lira collapsed to a record-low value Tuesday after President Recep Tayyip Erdogan doubled down on his unorthodox plan to fight rising prices with lower interest rates—fueling concerns that the government’s seeming disregard for runaway inflation could intensify Turkey’s years-long currency troubles. More:Turkish Lira’s Historic Crash: Here’s Why Inflation And Erdogan’s Interest Rate Disdain Have Pummeled Turkey’s Currency

Lira collapse leaves Turks bewildered, opposition angry | Reuters

Lira collapse leaves Turks bewildered, opposition angry By Ece Toksabay and Tuvan Gumrukcu ANKARA, Nov 23 (Reuters) - Anxious Turks struggled to keep up with a bewildering collapse in their currency and the main opposition party leader said the country was experiencing its darkest "catastrophe" as the lira slumped 15% on Tuesday against the dollar. More:Lira collapse leaves Turks bewildered, opposition angry | Reuters

Turkish lira plunges after Erdogan defends rate cuts – WFTV

Turkish lira plunges after Erdogan defends rate cuts ANKARA, Turkey — (AP) — The Turkish currency weakened by some 10% against the U.S. dollar Tuesday, a day after President Recep Tayyip Erdogan insisted there would be no turning back from his unconventional policy of cutting interest rates despite high inflation. More:Turkish lira plunges after Erdogan defends rate cuts – WFTV

Mafia scandal in Turkey : Mafia ties run deep in AKP politics - Qantara.de

Mafia scandal in Turkey Mafia ties run deep in AKP politics Rarely have the links between Turkish politics and organised crime been as apparent as they are at present. Right-wing extremist mafia godfathers from the Grey Wolves are increasingly appearing in government circles. So what's behind all this? Daniel Derya Bellut has the details More:Mafia scandal in Turkey : Mafia ties run deep in AKP politics - Qantara.de

Doctor Oz Mulls Republican Senate Run in Pennsylvania

Doctor Oz Mulls Republican Senate Run in Pennsylvania By Ed Kilgore Dr. Oz’s next shtick could be “politician.” Photo: Roy Rochlin/Getty Images With Republicans already heavily favored (by history and public-opinion trends) to flip the U.S. House in the 2022 midterms and bust up the Democratic governing trifecta, the bigger drama next year may be over the Senate, where the landscape is significantly more favorable to Democrats thanks to the particular class of senators who are up for reelection, as Cook Political Report’s Jessica Taylor explains: More:Doctor Oz Mulls Republican Senate Run in Pennsylvania

Turkish lira: Risk of spiralling inflation as government seeks growth at any cost | Middle East Eye

Turkish lira: Risk of spiralling inflation as government seeks growth at any cost Warnings that inflation may reach 30 to 40 percent as Central Bank cuts rates yet again in bid to stimulate economy More:Turkish lira: Risk of spiralling inflation as government seeks growth at any cost | Middle East Eye

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook

Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook David Z. Morris Fri, November 19, 2021, 12:27 PM·3 min read Bitcoin trading volumes are rising in Turkey as the increasingly authoritarian government there goes diligently about the work of setting its currency, the lira, on fire. More:Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook

Voters are last brake on Turkey’s lunatic express | Nasdaq

Voters are last brake on Turkey’s lunatic express CONTRIBUTOR Dasha Afanasieva Reuters LONDON (Reuters Breakingviews) - The global struggle against rising prices has nothing on Turkey. Despite inflation of almost 20%, the central bank slashed its main interest rate to 15% on Thursday, the day after President Tayyip Erdogan, nicknamed The Chief, pledged to pursue this unorthodox campaign against high borrowing costs “to the end”. With few other checks on an increasingly autocratic ruler, voters might be the last chance of restoring monetary sanity. More:Voters are last brake on Turkey’s lunatic express | Nasdaq

Erdogan lost in foreign policy maze of his own making - Al-Monitor: The Pulse of the Middle East

Erdogan lost in foreign policy maze of his own making As talk of early elections grows louder, Erdogan needs to steer Turkey out of its international isolation to bolster his weakened position at home. More:Erdogan lost in foreign policy maze of his own making - Al-Monitor: The Pulse of the Middle East

Flickering screens at Istanbul bazaar show lira's turbulent fall | Reuters

Flickering screens at Istanbul bazaar show lira's turbulent fall By Bulent Usta ISTANBUL, Nov 18 (Reuters) - At the foreign exchange offices outside Istanbul's Grand Bazaar, the flashing red lights showing the movement of Turkey's turbulent lira flickered constantly on Thursday as prices fluctuated wildly and plunged to a fresh record low. More:Flickering screens at Istanbul bazaar show lira's turbulent fall | Reuters

Opposition leaders call for an urgent snap election in Turkey - english

Opposition leaders call for an urgent snap election in Turkey Main opposition CHP Chair Kılıçdaroğlu and İYİ Party Chair Akşener held a joint press conference and urged President and AKP Chair Erdoğan to call elections immediately. More:Opposition leaders call for an urgent snap election in Turkey - english

Stocks shine once again, Turkey's lira plunges on rate cut | Reuters

Stocks shine once again, Turkey's lira plunges on rate cut By Marc Jones and Tom Westbrook LONDON/SYDNEY, Nov 18 (Reuters) - Wall Street was tipped for a firmer open on Thursday after the German and French bourses rose to record highs despite big falls in energy stocks, while the day's big loser was the Turkish lira following a 100 basis-point interest rate cut. More:Stocks shine once again, Turkey's lira plunges on rate cut | Reuters

‘We don’t deserve this’: Inflation hits Turkish people hard | Federal News Network

‘We don’t deserve this’: Inflation hits Turkish people hard MEHMET GUZEL and SUZAN FRASER November 16, 2021 10:01 am ISTANBUL (AP) — Market-stand owner Kadriye Dogru makes do with stale, sesame-covered bagels, known as simit, for lunch these days. The widowed mother of two says she goes without lunch so she can put food on the table for her family later in the day. More:‘We don’t deserve this’: Inflation hits Turkish people hard | Federal News Network

61 percent of young want to emigrate from Turkey ‘to live in a better society' - english

61 percent of young want to emigrate from Turkey ‘to live in a better society' According to the survey of the İstanbul Economics Research, 66 percent of the young prefer participatory democracy while 22 percent “do not feel close to political parties” and do not think that “elections are functional.” More:61 percent of young want to emigrate from Turkey ‘to live in a better society' - english

TikTok: A Hit with Turkey’s Working Class - Transitions

TikTok: A Hit with Turkey’s Working Class by Emel Altay 15 Nov 2021 TikTok's Labor Cinema Unlike other social media, the app is giving a window into the lives of laborers in factories, on farms, in textile workshops, and elsewhere. More:TikTok: A Hit with Turkey’s Working Class - Transitions

Erdogan Becoming A Liability For Turkey — Greek City Times

Erdogan Becoming a Liability for Turkey by GUEST CONTRIBUTOR Last month Turkey made it into the grey list of the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog headquartered in Paris. Turkey now joins its close ally Pakistan in FATF’s crosshairs. Surprisingly Turkey becomes the largest economy to be included in this list. The FATF listing for Ankara comes on the back of a shaking economy being jolted by the Covid-19 pandemic. And also when Turkey’s geopolitical stature being weakened further by pursuing a ‘punch-above-the-weight’ foreign policy. Where President Erdogan wishes to expand Turkish economic, political, and military influence into the former regions of the Ottoman empire. Erdogan’s dream of reviving the Ottoman caliphate stems from an idealistic outlook on the splendor of the Ottoman Empire and its extensive capability to influence the political dynamics of two continents i.e. Europe and Asia. More:Erdogan Becoming A Liability For Turkey — Greek City Times

The new Ataturk Cultural Center in Istanbul: Turkey's second modern age - Qantara.de

The new Ataturk Cultural Center in Istanbul Turkey's second modern age Between Ataturk's republican utopia and Erdogan's 21st century Islam: the newly built AKM Cultural Center in Istanbul. By Tomas Avenarius More:The new Ataturk Cultural Center in Istanbul: Turkey's second modern age - Qantara.de

Turkish cenbank to cut policy rate to 15%, as lira hits record lows | Reuters

Turkish cenbank to cut policy rate to 15%, as lira hits record lows By Ali Kucukgocmen ISTANBUL, Nov 11 (Reuters) - Turkey's central bank is expected to cut its policy rate by 100 basis points to 15% next week, a Reuters poll showed on Thursday, continuing an easing cycle despite rising inflation and a currency that has sunk to record lows. More:Turkish cenbank to cut policy rate to 15%, as lira hits record lows | Reuters

Turkish Airlines denies fueling Belarus-Poland migration crisis - Al-Monitor: The Pulse of the Middle East

Turkish Airlines denies fueling Belarus-Poland migration crisis After EU officials threatened to blacklist airlines facilitating travel for asylum-seekers amassing at the Poland-Belarus border, Turkish Airlines denied links to the bloc’s latest migration crisis. More:Turkish Airlines denies fueling Belarus-Poland migration crisis - Al-Monitor: The Pulse of the Middle East

21 survive Turkey building collapse with no deaths | ABS-CBN News

21 survive Turkey building collapse with no deaths Remi Banet, Agence France-Presse Posted at Nov 10 2021 02:32 PM ISTANBUL—Twenty-one people survived being buried under heavy debris when a 2-storey building collapsed in eastern Turkey, the government said, with no fatalities reported as search operations ended early Wednesday. More:21 survive Turkey building collapse with no deaths | ABS-CBN News

Lira’s Value Drop Takes Toll on Drugs Import From Painkillers to Cancer Therapy - Bloomberg

Lira’s Slump Leaves Turks Searching for Hard-to-Find Medicines By Firat Kozok +Follow November 9, 2021, 1:22 PM GMT+3 Turkish patients are finding it increasingly difficult to access key drugs, with producers blaming the shortages on an inflexible pricing system for medicines that exposes them to losses from the lira’s swift decline. More:Lira’s Value Drop Takes Toll on Drugs Import From Painkillers to Cancer Therapy - Bloomberg

Turkey: Erdogan looks in the mirror of Atatürk | International - Market Research Telecast

Turkey: Erdogan looks in the mirror of Atatürk | International BY MRT ON NOVEMBER 9, 2021 “This monument is the best photograph of the old and the new Turkey,” thundered President Recep Tayyip Erdogan at the inauguration of the new Atatürk Cultural Center (AKM for its acronym in Turkish) on October 29, Republic Day in Turkey. . The old AKM was “the symbol of the decrepit face of the old Turkey”, and now, after overcoming “numerous obstacles” until it was demolished and later reconstructed, its new version symbolizes the new Turkey. erdoganista. The rally air of the speech might seem untimely as the opening act of a building dedicated to the performing arts and as a prologue to the opera that was going to be performed. But if art is always political – because of what it says or because of what it is silent – in Turkey it is even more so. More:Turkey: Erdogan looks in the mirror of Atatürk | International - Market Research Telecast

Paris Agreement to take effect in Turkey on Nov. 10 | Daily Sabah

Paris Agreement to take effect in Turkey on Nov. 10 BY ANADOLU AGENCY The Paris Agreement will enter into force in Turkey on Nov. 10 with the aim of boosting the country’s international standing in the fight against climate change. More:Paris Agreement to take effect in Turkey on Nov. 10 | Daily Sabah

Turkish Airlines risks EU ban over Poland border crisis

Turkish Airlines risks EU ban over Poland border crisis Turkish Airlines flying twice a day to Minsk, airport data showed (Photo: Eric Johnston) By NIKOLAJ NIELSEN AND ANDREW RETTMAN Turkish Airlines and FlyDubai could be banned in the EU for flying migrants to Belarus after an attack on the Polish border blew up into an international incident. More:Turkish Airlines risks EU ban over Poland border crisis

Paris climate accords to take effect in Turkey next week - Al-Monitor: The Pulse of the Middle East

Paris climate accords to take effect in Turkey next week Turkey was relatively late to implement the global climate agreement, but President Erdogan felt compelled to do so following severe wildfires and floods this year. More:Paris climate accords to take effect in Turkey next week - Al-Monitor: The Pulse of the Middle East

Sixty years of Turkish “guest workers” in Germany | The Economist

Sixty years of Turkish “guest workers” in Germany More are integrated, but two-thirds of adults are not German citizens Nov 6th 2021 COLOGNE AND DÜSSELDORF It was not poverty or ambition that drew Irfan Demirbilek to Germany from Turkey in 1968, but the lure of its splendid cars. Spotting a queue outside an employment office in Istanbul one day, Mr Demirbilek, an electrician who had long dreamed of having his own wheels, decided to join them in applying to work in West Germany. The countries had signed a “guest-worker” deal in 1961, and a brief spell earning Deutschmarks would suffice for an Opel or vw Beetle. A few months later Mr Demirbilek was on a three-day train to Cologne, his head full of excitement and apprehension. More:Sixty years of Turkish “guest workers” in Germany | The Economist

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Turkish Prices Keep Soaring as Central Bank Looks the Other Way - BNN Bloomberg

Turkish Prices Keep Soaring as Central Bank Looks the Other Way Cagan Koc, Bloomberg News Turkish inflation probably accelerated for a fifth month in October but surging prices alone won’t rule out further interest-rate cuts later this year after the central bank ditched its guidance under pressure from the president. More:Turkish Prices Keep Soaring as Central Bank Looks the Other Way - BNN Bloomberg

Legal ambiguity becomes the norm in Erdogan’s Turkey - Al-Monitor: The Pulse of the Middle East

Legal ambiguity becomes the norm in Erdogan’s Turkey Recent comments by top Turkish officials promoting disregard for some laws has activists, opposition figures and journalists concerned that they alone will be the ones subject to restrictions and regulations, with AKP supporters given leeway. More:Legal ambiguity becomes the norm in Erdogan’s Turkey - Al-Monitor: The Pulse of the Middle East