Controversy obscured by sheer number of other issues surrounding US president. New book says it should have been centre-stage.
Turkish Industry and Business Association describes legislation as posing huge commercial risk. But government says powers are needed to identify cartels.
Ankara reportedly discussing lasting military presence with Tripoli ally. Russia has flown fighter jets to desert sites controlled by rebel forces.
Private banks bow to government demand to delay consumer debt repayments. Economic recovery fragile. Tourism revival a struggle as Moody’s downgrades Turkish Airlines.
Data on financially hellish month also shows 38,000 used a credit card for the first time and a ‘wide-scope’ unemployment rate of 39%.
Industrial production fell by around a third and retail sales by a fifth in virus-hit April. Medics, meanwhile, say there’s no scientific evidence the first COVID-19 wave is over.
Ali Babacan adds reputation needs restoring to secure FX funding required to guard against another slump in the lira. Also attacks government for pressure that he says results in official figures that people doubt.
The move would sideline Iranian gas sales to the Azerbaijani exclave and help Ankara get back in Washington’s good graces.
In brazen move, Russia flies squads of fighter jets to desert airfields after Moscow-allied rebel commander is pushed back by Turkish-backed forces in civil war. US now worried Kremlin might shape the conflict.
Emerging markets (EM) stock markets are enjoying their strongest crisis bounceback ever, as coronavirus (COVID-19) infections stabilise and governments remove two-month-long lockdowns.
It’s rather that than lend to financial “zombies” in the face of Erdogan pressure.
38 communiques in Official Gazette change tariff rates on 150 products. Desired fruits of import compression not visible in trade data yet.
Controversial Turkish market has become an irrelevance for many fund managers says analyst.
We have updated bne IntelliNews Despair Index, which better reflects what damage something like the coronacrisis does to the bottom half of society in the countries of New Europe. While the index has ticked up, the damage is limited so far.
Debt-to-GDP ratio will continue to rise and, as investors demand a higher premium to hold Turkish sovereign debt, local currency bond yields will probably drift higher over coming years, analysis concludes.
The whole post-truth, and nothing but the post-truth.