The collapse of the Turkish lira has caused trauma as Turks see their purchasing power slashed, but bargain-hunting foreign tourists are cashing in on a currency windfall.
AFP with Staff Writer
President Recep Tayyip Erdogan accused the United States of seeking to stab Turkey "in the back" over a diplomatic row sparked by a pastor's detention.
The Turkish lira sank further against the U.S. dollar, standing 6.43 after U.S. President Donald J. Trump doubled tariffs on aluminum and steel from Turkey. As the lira crashes, President…
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.
The Turkish lira tumbled into new record lows against the U.S. dollar and euro amid an escalating dispute over sanctions between Turkey and the U.S.
Amnesty International accused the Turkish authorities of turning a blind eye to widespread abuses committed by the Syrian rebel groups in the Kurdish enclave of Afrin in northwestern Syria.
Turkey and the U.S. plunged into a deepening diplomatic tug of war after Washington hit two Turkish ministers with sanctions over their role in the detainment of a U.S. pastor, sparking a…
Only hours after the U.S. Treasury Department slapped sanctions on two Turkish ministers over their role in the detainment of Pastor Andrew Brunson, the U.S. Senate approved a bill…
Turkey's Central Bank overhauled its inflation forecast for 2018 and expects more than 13 percent inflation, adding uncertainty and pressure on a struggling lira.