Turkey
NATO deal between Turkey, Sweden and Finland brings home wins for Erdogan — and a possible F-16 breakthrough
Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters NATO officials on Tuesday celebrated Turkey’s lifting of its veto against Sweden and Finland joining the transatlantic alliance, a move that brought the Nordic states one step closer to […]
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Turkish lira whipsaws following new loan ban that’s set to affect thousands of companies
A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country’s banking regulator announced a ban on lira loans to companies holding what it […]
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Saudi crown prince’s visit to Turkey signals an ‘utterly remarkable’ posture change for Erdogan
Turkish President Recep Tayyip Erdogan R welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud in Ankara, Turkey, on June 22, 2022. Mustafa Kaya/Xinhua via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s Crown Prince Mohammed bin Salman has visited Turkey for the first time in years, marking a rapprochement between two of […]
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Buffett disciple Mohnish Pabrai says this country is ‘probably the cheapest market in the world’
Turkey’s economy may be battered by soaring inflation and a currency crisis, but Buffett disciple and veteran investor Mohnish Pabrai says he’s interested in the market. Pabrai, who is managing partner of Pabrai Investment Funds, said Turkey is “probably the cheapest market in the world.” But opportunities are being overlooked because of economic turmoil in […]
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Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs skyrocket
A man sells slippers in Eminonu on May 5, 2022, in Istanbul, Turkey. The country has enjoyed rapid growth for years, but President Erdogan has for years refused to meaningfully raise rates to cool the resulting inflation. The result has been a plummeting Turkish lira and far less spending power for the average Turk. Burak […]
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Conflict, politics and history: Why Turkey is standing in the way of Sweden and Finland’s NATO bids
When Finland and Sweden announced their interest in joining NATO, the two Nordic states were expected to be swiftly accepted as members of the defense alliance. But joining NATO requires consensus approval from all existing members, and Turkey – one of the group’s most strategically important and militarily powerful members – is not happy. The […]
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Turkey’s Erdogan discusses concerns with NATO hopefuls Sweden and Finland
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkish President Tayyip Erdogan, who has […]
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Finland and Sweden formally apply to join the NATO military alliance. Follow our live updates
Finland and Sweden formally applied to join NATO on Wednesday marking another step toward the Western military alliance’s expansion, although the full accession process could take a year and Turkey’s objections need to be overcome. The status of the besieged Azovstal steelworks complex in Mariupol, a heavily-destroyed port city in southern Ukraine, remains unknown with […]
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‘The stakes here are now massive’: Turkey is threatening to block NATO membership for Sweden and Finland
Turkish President Recep Tayyip Erdogan speaks ahead of the peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkiye on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, […]
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Soldiers evacuated from besieged Mariupol steelworks; Turkey could block NATO bids from Finland, Sweden
Turkey says it won’t approve Finland, Sweden NATO bids Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters Turkey’s President Recep Tayyip Erdogan has reiterated Ankara’s objections to Sweden and Finland joining NATO, saying Turkey will not approve […]
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