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Turkey crisis puts fear into emerging markets: report

Turkey is spiraling into a deep economic crisis as foreign exchange reserves collapse and capital flight overwhelms the regime of President Recep Tayyip Erdoğan, the Telegraph daily...
Business

İstanbul taxi drivers protest Careem after Uber acquisition

Taxi drivers in İstanbul have stopped using Careem, the biggest ride-hailing app in the Middle East, following its acquisition by Uber, with which the drivers have been...
Business

Turkey to continue withholding lira liquidity overseas at least until Sunday’s elections: report

Turkey will continue directing its banks to withhold lira liquidity from a key overseas market at least until after Sunday’s local elections, three sources familiar with...
Business

Turkish lira’s swap rates see highest since 2001 economic crisis

The Turkish lira’s overnight swap rate in London soared on Tuesday to 330 percent, and the weekly swap rate rose to 125 percent, according to Refinitiv...
Business

As lira stumbles, central bank says closely monitoring financial markets

After a plunge in the Turkish lira last week, Turkey’s central bank issued a statement on Monday saying that it has been closely monitoring financial markets...
Business

Turkey’s banking watchdog launches investigation into JP Morgan after lira stumbles

Turkey’s banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4...
Business

Central bank’s international reserves melting, Turkish officials say nothing about it: report

The Turkish Central Bank’s net international reserves fell $6.3 billion in the two weeks through March 15 to $28.5 billion, according to data published Thursday, Bloomberg...
Business

Competition Authority launches investigation into 24 produce wholesalers

Turkey’s Competition Authority on Friday announced an investigation into 24 businesses across the country for violation of fair competition regulations in the wholesaling of fruits and vegetables,...
Business

Turkey extends tax cuts on cars, other goods in face of recession

Turkey took another step to boost consumption and its lira in the face of recession by extending on Thursday the deadline for tax cuts on cars...
Business

Turkey’s consumer confidence index moves up in March

Turkey’s consumer confidence index has risen to 59.4 points in March, the Diken news website reported on Thursday, citing a release by the Turkish Statistical Institute (TurkStat). The index...
Business

Turkish Airlines denies claim of sale to Qatar

Turkey’s flag carrier Turkish Airlines (THY) on Thursday denied claims on social media that the airline has been sold to Qatar. The Prime Ministry Privatization...
Business

Qatar Airways buys Turkish Airlines, Swiss aviation expert claims

A Swiss-based pilot and aviation expert claimed on Twitter on Wednesday that Qatar Airways CEO Akbar Al Baker had announced the acquisition and a 49 percent...
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