Turkey: Flash floods kill 3, paralyze Istanbul after record downpour Heavy rains stranded hundreds, blocking major roads and disrupting air and public transportation, flooding buildings and forcing school closures across Istanbul province. Turkey
Analysis Pragmatic politics: Why Turkey avoids blaming Russia for Black Sea attacks Beyond economics, Ankara’s approach is also shaped by maintaining its role as an indispensable mediator between the Kremlin and the West. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Erdogan aide named suspect in Turkey financial scandal Former AKP deputy chairwoman Fatma Betul Sayan Kaya is facing allegations of being linked to a market manipulation scandal. Turkey
Analysis Turkey’s $20B fund crisis: Who profited, and who will pay? Opposition parties are demanding immediate government compensation for affected investors, who face up to a six-month wait as independent banks oversee the asset liquidations. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Can Turkey’s Bashiqa withdrawal pave the way for deeper Iraq ties? By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
Turkey’s Central Bank ducks soaring inflation to cut rates again Despite the highest inflation in 24 years, Turkey’s Central Bank has made its third interest cut ahead of elections next June. Turkey
Erdogan’s staunchest backers 'tired' of interest rate debate The Turkish president’s controversial economic policies have led to rare public criticism by a business group that has long backed his party. Turkey
Turkish inflation passes 83% as Erdogan eyes further rate cuts Despite a galloping inflation topping 83%, Turkish President Recep Tayyip Erdogan has doubled down on his controversial monetary policy, urging the central bank to cut its policy rate to single digits by the year-end. Turkey
Erdogan initiates economic gestures ahead of Turkey's critical elections Turkey’s president has stepped up economic pledges to the electorate ahead of next year’s polls, which loom as the toughest test of his two-decade rule. Turkey
Halt of Mir use deals blow to rising Putin-Erdogan cooperation The specter of Western sanctions could curb other economic activities between Turkey and Russia as the surging bilateral trade comes under growing scrutiny. Turkey
Erdogan looks to Putin to ease foreign currency woes An extraordinary uptick in capital flows of unknown origin to Turkey has left many wondering whether Russian money could be involved. Turkey
Despite ‘crypto winter,’ digital currency use remains high in Turkey Crypto is down, but not out for dedicated traders, particularly in high inflation markets like Turkey, where digital tokens continue to draw users looking to earn, save and transfer hard currencies. Turkey
Turkey’s inflation tops 80% as poverty deepens Even though Turkey’s economy continued to expand in the second quarter, the share of payments to employees dropped to the lowest level since Erdogan’s party came to power two decades ago. Turkey
Turkey’s 'covert' interest payments on course to exceed regular ones The cost of state safeguards in a deposit scheme meant to curb dollarization in Turkey has ballooned to alarming levels as the Turkish lira continues to tumble. Turkey
Analysis Turkey’s economic crisis coincides with new diplomatic initiatives Finding solutions: Turkey and the UN are pursuing diplomacy to end Ukraine war while Ankara is considering rapprochement with Syria and mending ties with Israel. By Week in Review
Money inflows of unknown origin headed for record in Turkey As Turkey’s current account deficit continues to widen in the coming months, foreign currency inflows of unknown origin might end up covering more than 70% of the gap. Turkey
Turkey’s current account gap widens, with no respite in sight for the lira The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year. Turkey
