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Amid crackdown on opposition, Turkish lira hits record low

Following the rounding up of Kurdish deputies as part of a major crackdown on opposition in Turkey and a terrorist attack in Diyarbakır the...
Business

German media group Axel Springer to exit Turkish market

One of the largest publishing companies of Europe, Axel Springer, announced its decision to sell its shares in Doğan Media Holding and leave Turkey...
Business

TÜSİAD breaks silence, reacts to detention of Cumhuriyet columnists

Despite its overall low profile in the face of increasing pressure in the country, the Turkish Industrialists and Businessmen's Association (TÜSİAD) issued a statement...
Business

Turkey takes 400 pharmacies out of prescription system over Gülen links

Turkey’s Social Security Institution (SGK) has cut the access of 400 pharmacies across Turkey to the electronic prescription system, which enables them to sell...
Business

Turkish lira hits a new record low against dollar

The Turkish lira reached a record low on Friday against the US dollar, at 3.1156 lira to the dollar. The Turkish lira has continued to...
Business

Forbes says Türk Telekom hacking Turkish citizens via US firm

Turkey’s partly state-owned telecom provider, Türk Telekom, requested a feed of subscribers’ usernames and passwords for unencrypted websites, along with a list of what...
Business

Kaynak Holding transferred to state-run TMSF

Following the appointment of trustees to Kaynak Holding over alleged links to the Gülen movement, 43 of the conglomerate's companies were transferred on Saturday...
Business

Grocery chain owner among detainees in government witch-hunt against Gülen movement

M.A.B., the owner of a large grocery store chain in the capital province of Ankara, is among businessmen police detained over alleged links to...
Business

Turkish Airlines GM Temel Kotil expected to resign

Turkish Airlines (THY) General Manager Temel Kotil is expected to resign after the company's board of directors meeting on Friday. According to reports in the...
Business

Lira weakens to new low amid debates over referendum, Mosul

The Turkish lira dropped to a record low against the US dollar as debates over a shift from a parliamentary system to a presidential...
Business

TMSF selling off subsidiaries of seized lender Bank Asya

The state-run Savings Deposit Insurance Fund (TMSF) has put up for sale a financial intermediary and two insurance units of Islamic lender Bank Asya,...
Business

Government seizes 30 more companies over Gülen link

A Denizli court on Tuesday appointed trustees to 30 companies owned by 23 businessmen in the province over their alleged links to the faith-based...
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