'Caravan of light’ refugees blocked at Turkey-Greece border | Al Jazeera Newsfeed
Turkish police have blocked a convoy of Syrian refugees from crossing into Greece. The convoy, which organisers dubbed the ‘Caravan of Light’, say they were fleeing discrimination experienced in Turkey.
Turkey opens record-breaking bridge between Europe and Asia | 9 News Australia
A record-breaking bridge has officially opened in Turkey, spanning the Dardanelles Strait.
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Breaking News: Turkish military helicopter crashes in Sirnak province
A Turkish military helicopter has crashed in Sirnak province in the southeast of the country.
WATCH: Wild turkey faces off against Canadian police officer
This police officer had one job to do – to get rid of a wild turkey that was approaching vehicles in Barrie, Ont. It did not go well.
Take a tour of Turkey's dystopian defunct amusement park
Drone video shows the decaying attractions inside Turkey's Wonderland Eurasia, once touted as 'Europe's biggest theme park.'
Breaking News: Turkish banker found guilty in US court
The former Halkbank executive Mehmet Hakan Atilla has been convicted on five counts, including bank fraud and conspiracy. He's been acquitted of one money-laundering charge. Atilla was accused of taking part in a complex scheme in which Iran traded its oil and gas for gold, with some of the proceeds moved through U.S. financial institutions without their knowledge. The case has strained ties between the US and Turkey. A senior Turkish official says the verdict against Atilla is void, and that international law has been violated.
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Woman Rescued From Her Roof After Heavy Flooding In Turkey
Video shows the moment the Turkish coast guard rescued a woman stranded on her rooftop after heavy flooding in the country. Hundreds of people have had to be evacuated.
Putin: Russia may leave UN grain deal again, but exports to Turkey are guaranteed
The Russian president, Vladimir Putin, has said his country would not impede the future export of grain through a deal mediated by the UN and Turkey with Ukraine, but that it reserves the right to withdraw if necessary.
Dozens dead in Turkey after compounded road crashes | DW News
Saturday was a tragic day on Turkish roads. At least 32 died in multiple traffic accidents in two separate locations, where vehicles crashed into first responders following earlier accidents. We must warn you the following report contains footage some viewers may find disturbing.
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Turkey shortages impacting local businesses, will cost more this Thanksgiving
It's an issue impacting a lot of local businesses, from farmers, to grocery stores, even local delis turkeys are becoming tougher to find, and more pricey.
Ship Carrying Grain From Ukraine Stopped For Checks Off Istanbul
A multinational inspection team on Wednesday boarded the first cargo ship to leave Ukraine since the Russian invasion, while it was anchored in the Black Sea off the coast of Istanbul, Turkey.
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Breaking News: Turkish lira plummets to new low, dragging cenbank to the rescue | 14th Dec 2021
Breaking News: Turkish lira plummets to new low, dragging cenbank to the rescue | 14th December 2021
"Any further attempts...to stabilise lira by interventions is probably bound to fail," they said.
By 1225 GMT, the lira had trimmed losses in thin market trading to 14.08 — still 1.3% weaker on the day, and down 34% since the beginning of last month.
The central bank, under pressure from Erdogan, is expected to cut its policy rate by 100 basis points to 14% this week, a Reuters poll showed on Friday, despite inflation soaring to 21.3% last month.
Kavcioglu has said boosting the current account, which showed a surplus of $3.156 billion in October, was key to price and lira stability, but there was scepticism among analysts about the impact of a surplus.
"We doubt that either intervention or a balanced current account will be effective in stabilising the currency," Morgan Stanley said in a note. It added that the central bank's relatively thin reserves mean interventions could be counter-productive.
Data last week showed the central bank's net international reserves falling to $22.47 billion. Reserves are sharply negative once outstanding swap transactions of $45.571 billion are deducted.
Turkey's sovereign dollar bonds dropped, with the 2034 issue down 0.8 cents, according to Tradeweb data.
Outlook revised to negative
The lira crash has sharply eroded Turks' earnings, fuelling poverty and leading to lines of people waiting to buy cheap bread as the price of goods surges. Lawmakers have brawled amid rising tensions in parliament as the opposition slammed government handling of the economy. read more
The central bank has slashed its policy rate by 400 basis points since September, driving investor concerns and upending the budgets and future spending plans of locals.
Late on Friday, ratings agency S&P affirmed Turkey's long-term foreign currency rating at "B+" and revised its outlook to negative on an uncertain policy direction amid rising external risks.
Turkey's 5-year credit default swaps (CDS) nudged one basis point higher to a one-week high of 503 basis points, according to IHS Markit data.
Erdogan has repeatedly advocated for rate cuts as he promotes a new economic plan prioritising economic growth, credit, production and exports, despite widespread criticism of the policy from economists and opposition politicians.
"There is an element of concern about what the economic plan is, and how closely aligned it would be to engaging with the private sector. There is a lack of clarity around that," said Khush Choksy, the U.S. Chamber's senior vice president for international development and for the Middle East and Turkey.
"U.S. companies do have questions about how Turkey will handle the current short-term crisis and get on to the path of long-term growth that it enjoyed for a long period," he said in an interview.
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Why is Turkey rebranding as Türkiye? - BBC News
Turkey is rebranding its internationally recognised name as Türkiye.
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Turkey nightclub attack: IS says it carried out shooting - BBC News
So-called Islamic State says it was behind the new year attack on a Turkish nightclub that killed 39 people.
The group said in a statement it was carried out by "a heroic soldier". At least 600 revelers were celebrating in the early hours of Sunday at Istanbul's Reina nightclub when the gunman began firing indiscriminately.
Fists Fly As Lawmakers Brawl In Turkish Parliament | NBC News
Fighting broke out after a member of the opposition accused President Erdogan of disrespecting Turkish troops killed in Idlib, Syria.
WARNING: GRAPHIC CONTENT – At least 32 killed in Turkey in separate crashes
At least 32 people were killed in southeast Turkey when vehicles crashed into first responders who were attending two earlier accidents.
2 bus crashes in Turkey kill at least 31 people at sites of earlier car collisions
WARNING: Video contains graphic images not suitable for all viewers. Discretion is advised.
A truck plowed into a crowd near a filling station in the Derik district of Mardin in southeastern Turkey on Saturday, killing at least 16 people and injuring 29.
Video footage captured the moment of the crash as emergency services were attending the scene of another collision, which showed the green semi-trailer mowing into vehicles and pedestrians at high speed.
According to local reports, first responders were attending to another collision when the truck lost control and drove into the crash site.
In a separate incident in the country, an additional 15 people, including emergency workers and journalists, died when a second bus crashed into an earlier collision site, according to regional governor Davut Gül from the southeastern province of Gaziantep.
Another 20 people were wounded and received treatment in this incident.
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Turkish lawmaker smashes phone with hammer
Burak Erbay, a Turkish opposition lawmaker, destroyed a smartphone during his speech in parliament to protest a proposed disinformation and social media bill.