U.S. to press Turkey as Finland, Sweden hope for NATO breakthrough

By Anne Kauranen and Humeyra Pamuk HELSINKI/MADRID - NATO hopefuls Finland and Sweden voiced optimism on Tuesday that Turkey might lift its veto over their stalled bid to join the military...

Biden To Press Erdogan On Finland & Sweden As Turkey Seeks F-16s At Madrid Meeting

Biden To Press Erdogan On Finland & Sweden As Turkey Seeks F-16s At Madrid Meeting Looming heavily over the Tuesday through Thursday NATO summit in Madrid will be Turkey's vehement...

Go-slow Turkey unlikely to reach Nordics deal at NATO meet

By Orhan Coskun and Jonathan Spicer ANKARA - A NATO summit this week is unlikely to see a breakthrough to overcome Turkey's opposition to Sweden and Finland's membership bids as Ankara takes an...

Taiwan, United States to hold trade talks on Monday

TAIPEI - Taiwan and the United States will hold trade talks on Monday under a newly agreed framework, the office of the U.S. Trade Representative said. Deputy U.S. Trade Representative Sarah...

Russian forces turn sights on Lysychansk in battle for eastern Ukraine

By Tom Balmforth and Marko Djurica KYIV/POKROVSK, Ukraine - Russian forces were fighting to achieve one of their strategic objectives in Ukraine on Monday as Moscow-backed separatists said they...

Erdogan to meet with leaders of Sweden, Finland before NATO summit

ISTANBUL - Turkish President Tayyip Erdogan will attend a round of talks with the leaders of Sweden and Finland, as well as NATO on Tuesday ahead of the summit in Madrid, Turkish presidential...

Turkey halts lending to FX-rich firms in latest clampdown

ISTANBUL -Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling foreign-exchange rate by squeezing banks...

Wildfire in southwest Turkey enters third day

ISTANBUL - Firefighters sought to contain a wildfire in southwestern Turkey from land and air on Friday as the blaze raged on for a third day, with windy conditions fanning the flames and...

Wildfire in southwest Turkey rages on, dashing hopes it was contained

ISTANBUL - Firefighters battled a wildfire in southwestern Turkey from land and air on Thursday, as hopes that the blazes were contained fizzled after they spread again due to high temperatures...

Saudi crown prince, Erdogan meet in Turkey with 'full normalisation' in sights

Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at fully normalising ties that were ruptured after...

Saudi crown prince, Erdogan to meet in Turkey with 'full normalisation' in sights

ANKARA -Saudi Crown Prince Mohammed bin Salman visits Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at fully normalising ties that were ruptured...

Take Five: The last surviving dove

Of all the central banks which until recently dismissed inflation as transitory, one still stands: the Bank of Japan. But it's increasingly being challenged by hedge funds, which are betting it...

Turkish finance minister says economy liberal, growth sustainable

ISTANBUL - Turkey's Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way after the government introduced steps to...

Turkey announces steps to shore up economy, prioritising inflation fight

By Daren Butler and Ezgi Erkoyun ISTANBUL -Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy...

Timeline- Turkey caught in a spiral of lira crises

By Karin Strohecker - Turkey's lira has lost nearly a quarter of its value this year as soaring inflation and the central bank's reluctance to raise interest rates stoke fears of another currency...

Turkey has told allies it's a 'no' to Sweden and Finland's NATO bid - Erdogan

Turkey has told allies that it will reject Sweden and Finland's membership to NATO, Turkish President Tayyip Erdogan said in a video posted on his Twitter account on Thursday.

Turkey's Erdogan links Sweden NATO bid to return of 'terrorists'

President Tayyip Erdogan said on Wednesday Sweden should not expect Turkey to approve its NATO bid without returning "terrorists", and Swedish and Finnish delegations should not come to Turkey to...

Exclusive: Turkey 'not closing door' to Sweden, Finland NATO entry, Erdogan advisor says

Turkey has not shut the door to Sweden and Finland joining NATO but wants negotiations with the Nordic countries and a clampdown on what it sees as terrorist activities especially in Stockholm,...

Erdogan says Turkey not supportive of Finland, Sweden joining NATO

President Tayyip Erdogan said on Friday it was not possible for NATO-member Turkey to support plans by Sweden and Finland to join the pact, saying the Nordic countries were "home to many terrorist...

Turkey's Erdogan, Germany's Scholz to hold talks in Ankara on Ukraine

Turkish President Tayyip Erdogan will discuss the war in Ukraine with German Chancellor Olaf Scholz at talks in Ankara on Monday, his office said, as both countries press on with efforts to secure...

Turkey, Greece agree to improve ties amid Ukraine conflict

Turkish President Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis agreed in talks on Sunday to improve ties, despite the long-running disagreements between the two NATO members, Ankara...

Bitcoin, Ethereum, Dogecoin Slip As Russia-Ukraine Conflict Gets Entrenched

Bitcoin traded in the negative territory through the weekend. Bitcoin was down 0.3% on Monday. Bitcoin is down 1.7% on the week so far this year, down from 0.9% on Friday. Bitcoin has been trading...

Erdogan visits Ukraine hoping to play mediator with Russia

President Tayyip Erdogan will discuss tensions between Ukraine and Russia with his counterpart Volodymyr Zelenskiy in Kyiv on Thursday, after pitching Turkey as a mediator, and an official said he...

Turkish lira caps historic week with big lift from Erdogan government

Turkey's lira hit record high on Friday. State-backed market interventions helped boost the market. Turks did not sell dollars on Monday and Tuesday, official data shows. The government has...

Turkish lira charges back after Erdogan's anti-dollarization plan

Turkey's lira was up 15% on Tuesday, extending its historic recovery from record lows. President Tayyip Erdogan unveiled a plan he said would guarantee local currency deposits against market...

Turkey's Erdogan says he's cut inflation to 4% before, can do again

Turkey's President Tayyip Erdogan says he's cut inflation to 4% before, can do again. Inflation has topped 21% following a push for aggressive cuts in interest rates that he has engineered....

Turkey's currency crisis deepens after Erdogan's latest rate cut

Turkey's currency crisis accelerated on Friday as it plunged 8% to a new record low. The lira hit 17.0705 to the dollar, triggering direct central bank intervention in the market. President Tayyip...

Erdogan picks low-rates champion as finance minister as Turkish lira skids

Turkish President Tayyip Erdogan appointed a strong supporter of his low interest rate drive as minister of treasury and finance on Thursday, replacing the last top official seen to favour...

Turkey’s central bank, banks discuss rates after lira tumble

Central Bank Governor Sahap Kavcioglu said the banking sector and all its actors ‘are very much in harmony’ Turkey’s lira was flat on Thursday after a slide to all-time lows this week, triggered...

Apple Temporarily Halts Sales in Turkey After Currency Crash

The lira dropped 15 percent after Turkish President Tayyip Erdogan staunchly defended recent rate cuts. Apple's Turkey storefront is up and operational, but no devices are able to be added to a...

One-Stop Business News. Free to Use →