Recep Tayyip Erdogan

ISTANBUL | Turkey’s president says country will defy economic threats

ISTANBUL — Turkey’s president has said his country will stand strong against an “attempted economic coup” amid heightened tensions with the U.S. Recep Tayyip Erdogan on Saturday told thousands of supporters in Ankara that the country was being “threatened by the economy, sanctions, foreign currency, interest rates and inflation.” He said: “we tell them that … Continue reading ISTANBUL | Turkey’s president says country will defy economic threats

ANKARA, Turkey | The Latest: Merkel says Germany wants Turkey to prosper

ANKARA, Turkey — The Latest on Turkey’s currency crisis (all times local): 3:40 p.m. Chancellor Angela Merkel says that Germany wants to see Turkey prosper economically and is stressing the importance of its central bank’s independence. Turkey is grappling with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a … Continue reading ANKARA, Turkey | The Latest: Merkel says Germany wants Turkey to prosper

ANKARA, Turkey | The Latest: Turkey: US won’t achieve aims through sanctions

ANKARA, Turkey  — The Latest on Turkey’s currency crisis (all times local): 12:05 p.m. Turkey’s foreign minister says the United States won’t achieve aims by exerting pressure and imposing sanctions on Turkey. Addressing a conference in Ankara gathering Turkish ambassadors, Mevlut Cavusolgu on Monday called on the United States to “remain loyal to ties based … Continue reading ANKARA, Turkey | The Latest: Turkey: US won’t achieve aims through sanctions

ANKARA, Turkey | Turkish central bank tries to contain currency crisis

ANKARA, Turkey  — Turkey’s central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past … Continue reading ANKARA, Turkey | Turkish central bank tries to contain currency crisis

ANKARA, Turkey | Turkish Central Bank takes steps to provide liquidity

ANKARA, Turkey — Turkey’s Central Bank has announced a series of measures to help banks manage their liquidity, after the country’s finance chief said the government had readied an “action plan” to ease market concerns that led to a slump in the value of Turkish currency. The bank released a statement Monday saying it would … Continue reading ANKARA, Turkey | Turkish Central Bank takes steps to provide liquidity

ISTANBUL | Turkey’s president: US waging “economic war” against Turkey

ISTANBUL— Turkey’s president is blaming the country’s economic downturn on the United States and other nations that he claims are waging “war” against his country. Speaking Saturday in the northeastern province of Rize, President Recep Tayyip Erdogan said dollars, euros and gold were “the bullets, cannonballs and missiles of the economic war being waged against … Continue reading ISTANBUL | Turkey’s president: US waging “economic war” against Turkey

ANKARA, Turkey | Turkey’s currency nosedives on economic concerns, US dispute

ANKARA, Turkey  — The Turkish currency has plunged to an all-time low amid concerns over the president’s economies policies and as a dispute with the United States showed no sign of subsiding. The lira hit a record low of 6.24 per dollar on Friday, before recovering to 5.94, down 7 percent on the day. The … Continue reading ANKARA, Turkey | Turkey’s currency nosedives on economic concerns, US dispute

WASHINGTON | Trump orders sanctions over Turkey detaining US minister

WASHINGTON— As threatened, the U.S. will impose sanctions on two Turkish officials over a detained American pastor who is being tried on espionage and terror-related charges, the White House announced Wednesday. Turkey quickly said the action would harm the two countries’ relations and promised retaliation “without delay.” President Donald Trump warned last week that he … Continue reading WASHINGTON | Trump orders sanctions over Turkey detaining US minister