Turkey
Turkey’s official inflation dips again, posted at 34% in July
Economists argue that in reality it is 65%. On political stage, critics unhappy at “good boy” opposition leader Ozel.
BEYOND THE BOSPORUS: Arm of state bags itself a crypto exchange
Following claims of money laundering, Icrypex becomes the latest of hundreds of companies to be seized by Turkish regime’s TMSF.
Turkey’s July foreign trade deficit narrows but business chamber chief says conditions for industry “unbearable”
Alarm bells ringing "very strongly", he adds.
Picture worsens for Turkish manufacturing in July, new orders fall for 25th month, PMI shows
Output, employment and purchasing all scaled back.
Syria inaugurates Azerbaijan gas pipeline through Turkey
Syria has inaugurated a regional gas transmission line linking the country with Azerbaijan through Turkey.
ISTANBUL BLOG: Anxious Americans look up “Erdoganomics” as “Trumpnomics” take hold
Will it be the Fed governor or the US president who’s remembered as the “stubborn MORON”?
The most powerful quakes are in the Ring of Fire – Statista
Tsunami warnings have now been lifted across much of the Pacific following a major earthquake, which took place at 11:25 am local time on Wednesday, striking off the coast of Russia’s far eastern Kamchatka Peninsula.
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National security order halts miners’ strike in Turkey
Announcing a wave of industrial action over pay, union chiefs say workers no longer trust the official inflation data.
ISTANBUL BLOG: Now that’s a tricky one. Kurdish “Greek yoghurt” billionaire sponsors Turkish football giant
Chobani brand that conquered US is not even sold in Turkey. Deal seems to stem from a friendship.
Iraqi PM launches Turkish-Lebanese joint bridge project in Baghdad reconstruction
Iraqi Prime Minister Mohammed Shia Al-Sudani launched construction of the Krayat Bridge over the River Tigris as part of Baghdad's long-delayed reconstruction campaign.
Iran to open new railway routes to Central Asia
Iran will open new railway routes to Turkmenistan, Tajikistan, as well as Afghanistan and Turkey.
Bots jump Schengen queue in Turkey snapping up valuable visa appointments
Prized slots sold on for up to €3,000 on black market. Russian hackers suspected of running operation.
Turkish banks conclude syndicated loan renewals with high rollover rates, longer maturities and lower costs
Country rolls over around $200bn each year.
Wildfires damage Istanbul-listed CVK’s Bursa chrome mine
The climate crisis means that a summer battle to contain blazes destroying forests is a new normal for Turkey.
Google early warning app in 2023 failed to notify 10mn of Turkey earthquake severity
Expert says it is concerning it has taken more than two years to get information on extent of failure of system.
Joygame poised to become Turkey’s first public gaming company
Firm's chief talks of strong flow of talent into an industry that receives strong government backing.
Moody’s upgrades Turkey to three notches below investment grade
Though substantially rebuilt, net FX reserves still 25% lower than in mid-March, when market turbulence followed the jailing of Istanbul mayor Ekrem Imamoglu.
50° “edge of survival” heat hits Turkey for first time in recorded history
“This is climate change, and it’s accelerating,” say weather experts. President, meanwhile, refers to “truly great disaster” facing country as wildfires spread.
Turkey denies finance minister Mehmet Simsek fed up and set to quit
Columnist reported ruling party sources indicating ex-Wall St banker is frustrated by “lobbying for privileged loans and special treatment for pro-government companies”.
EXPLAINER: The high stakes behind the Zangezur Corridor
Proposed corridor linking Azerbaijan’s main territory with its Nakhchivan exclave across Armenia could slash transit times from Asia to Europe along the Middle Corridor but faces fierce opposition from Yerevan.