Turkey
Turkey’s central bank surprises with 350-basis-point rate hike
Cityscape at sunset on March 4, 2024 in Istanbul, Turkey. Dia Images | Getty Images News | Getty Images Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes […]
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Political and financial turmoil set to dominate Turkey, risking economic stabilization plans
Protesters clash with Turkish anti riot police as they use tear gas and water cannons during a demonstration following the arrest of Istanbul’s mayor, in Ankara on March 21, 2025. Adem Altan | Afp | Getty Images More than 1,100 people have been arrested in Turkey’s nationwide protests since demonstrations began on March 19, Turkish […]
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Political free fall: Turkey faces protests, investor flight after opposition leader’s arrest
Turkish MPs, mayors, party members, members of different political parties, representatives of non-governmental organizations and citizens protest against the detention warrant of the Istanbul Metropolitan Municipality (IBB) Mayor Ekrem Imamoglu, Beylikduzu Mayor Murat Calik and Sisli Mayor Resul Emrah Sahan, at the CHP Headquarters in Ankara, Turkey on March 19, 2025. Evrim Aydin | Anadolu | […]
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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested
Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey. Hakan Akgun | Getty Images The Turkish lira fell to a record low against the dollar and the country’s benchmark stock index dropped by […]
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Turkey detains Erdogan’s main rival in what opposition calls ‘coup’
Istanbul Mayor Ekrem Imamoglu on Feb. 27, 2025 in Ankara, Turkey. Serdar Ozsoy | Getty Images News | Getty Images Turkish authorities detained President Tayyip Erdogan’s main political rival on Wednesday on charges including corruption and aiding a terrorist group in what the main opposition party called “a coup against our next president”. The move […]
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From giant Lego-style bricks to artificial reefs, how the construction industry is using tech to tackle climate change
The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea. Cast iron is traditionally used to make […]
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European stocks pull back; Turkish inflation falls by more than expected
European markets were lower on Friday after a rocky start to 2025 for stocks around the world. The pan-European Stoxx 600 was down 0.3% by 8:33 a.m. London time, with most sectors in negative territory. Auto and mining stocks led losses, down 1.22% and 1.04% respectively, while financial services stocks added 0.32%. France’s CAC 40 […]
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From Trump and Turkey, to Russia and Iran — Syria’s regime change has huge global consequences
TOPSHOT – This aerial picture shows a bullet-riddled portrait of Syrian President Bashar al-Assad adorning Hama’s municipality building after it was defaced following the capture of the city by anti government fighters, on December 6, 2024. Omar Haj Kadour | Afp | Getty Images The dramatic toppling of Bashar al-Assad’s Syrian regime at the hands […]
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World’s largest olive oil producer says ‘liquid gold’ prices on track to halve from record levels
Jure Susac, a Bosnian olive farmer from the western-Herzegovinian town of Ljubuski, delivers his pickings to an oil-mill in Capljina, during harvest season, on October 29, 2022. Elvis Barukcic | Afp | Getty Images Spain’s Deoleo, the world’s largest olive oil producer, says one of the most challenging moments in the industry’s history appears to […]
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Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. Yves Herman | Reuters Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three […]
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