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Turkish Lira Tumbles Another 5% as Deputy Bank Chief Resigns
Turkey's embattled lira tumbled almost five percent in value as the resignation of the deputy central bank governor intensified market concerns over the direction of monetary policy.
J.P. Morgan: Turkey has to Address $179 Billion Debt by July 2019
Turkey has to deal with $179 billion external debt that is almost equal to a quarter of its annual economic output, according to an estimate by JPMorgan reported on Wednesday.
Moody’s Downgrades Turkish Banks Over ‘Downside Scenario’ Risk
Ratings agency Moody's on Tuesday downgraded its credit ratings on 20 Turkish financial institutions due to the increased risk of a "downside funding scenario" after the collapse of the…
Turkish Mothers’ Protest Banned Over ‘Terror Exploitation’
Turkey's interior minister said the Saturday Mothers' protest was banned over the weekend on the grounds that it had been exploited by a terror group.
Istanbul Police Break Up Landmark Turkish Mothers’ Protest
Istanbul police on Saturday broke up a regular demonstration by Turkish mothers remembering the disappearance of relatives in the 1980s and 1990s.
Bitter Pills: Erdogan’s Possible Remedies for Turkey Crisis
The crash in the Turkish lira sparked by U.S. sanctions has left President Recep Tayyip Erdogan facing the biggest economic challenge of his one-and-a-half decades in power.
Lira Crisis Piles Pain on Turkish Shoppers as Costs Soar
Consumers have been buffeted by surging costs and economic uncertainty, with the Turkish currency sinking 20 percent in a month and 40 percent since the start of the year.
Four Bridges Collapse, Hundreds Stranded As Floods Sweep Northern Turkish City
Four bridges collapsed and hundreds of people remained stranded at a factory, urgently seeking help as heavy floods swept Black Sea province of Ordu and its districts on Wednesday.
After Weeks of Wrangling, Turkey’s CHP Will Not Hold Convention
After weeks of intense squabbling and haggling between rival factions, Turkey's main opposition Republican People's Party (CHP) decided that it will not hold an emergency convention to elect…
Exiled Author Believes Turkey Resembles Nazi Germany of 1930s
Turkish novelist Asli Erdogan believes that Turkey resembles Nazi Germany of 1930s as the country descends into a fascist regime under President Recep Tayyip Erdogan's iron grip.