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Moody’s downgrades Turkey’s sovereign credit rating to ‘junk’ status

Global credit rating agency Moody’s has downgraded Turkey’s sovereign credit rating by one notch to “junk” status. “Moody's Investors Service has today downgraded the Government of Turkey's long-term...
Business

Court appoints trustees to Dumankaya Holding over Gülen links

An İstanbul Court on Friday appointed trustees to the administration of Dumankaya Holding over links with the Gülen movement and US-based Turkish Islamic scholar...
Business

Arrest warrant issued for another famous Turkish baklava maker

An İstanbul court on Monday issued an arrest warrant on charges of membership in a terrorist organization for famous baklava seller Nejat Güllü after...
Business

Unemployment rate rises to 10.2 percent in Turkey

  Turkey’s unemployment rate rose to 10.2 percent in June, a return to double digits with an increase of 0.8 percent compared to May, the...
Business

Threats to subscribers force Zaman Germany to cease publishing

The Turkish-language Zaman newspaper has decided to halt its operations in Germany after its readers received threats over their subscriptions to the paper, Deutsche...
Business

Turkey appoints trustees to another 17 companies over alleged Gülen ties

Trustees were appointed to 17 companies on Thursday due to their alleged ties to the Gulen movement, which the government accuses of masterminding a...
Business

Turkey seizes 18 Akın İpek companies valued at $10 billion

An Ankara court on Thursday ordered the seizure of all assets of Akın İpek, including 18 companies valued at over $10 billion, İpek wrote...
Business

Arrest warrants issued for 113 businessmen, TUSKON head

The Istanbul Prosecutor’s Office issued arrest warrants for 114 businessmen including Rıza Meral, chairman of the Turkish Confederation of Businessmen and Industrialists (TUSKON), as part of...
Business

Assets of 41 business figures seized over Gülen links

A Turkish court on Wednesday ordered the seizure of all assets of 41 businessmen suspected of allegedly financing the Gülen movement, which the Turkish...
Business

Turkey seizes assets of Boydak business group over Gülen links

The Savings Deposit Insurance Fund (TMSF) has seized all property and assets of Boydak Holding, a leading business group in the central province of...
Business

Turkey seizes all assets of Fethullah Gülen, 64 others

An Ankara court on Friday ordered the seizure of all assets of US-based Turkish Islamic scholar Fethullah Gülen and 64 others as part of...
Business

German prosecutor investigates anti-Gülen boycott in Germany

The Stuttgart prosecutor’s office has launched an investigation into persons who called for a boycott against Fethullah Gülen-linked companies operating in Germany, saying that...
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