Turkey election: AKP party loses parliamentary majority - BBC News
President Recep Tayyip Erdogan, has suffered a major setback in Turkey's general election after his party lost its parliamentary majority. The surprise outcome also sees the pro-Kurdish HDP crossing the 10% threshold, securing seats for the first time.
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Several people killed in attack on Northern Iraq, protesters gather near Turkish embassy | WION News
Protests have erupted near Turkish embassy in Iraq after several have been killed and dozens wounded in a suspected Turkish artillery attack in the Northern Iraq.
Death toll in coal mine explosion in Turkey rises to 25
Rescuers worked into the early hours of Saturday (October 15) to recover further victims of a coal mine explosion in Bartin, Turkey province.
The explosion occurred on Friday afternoon (October 14) around 300 metres (985 feet) below the entrance of the mine at around 1515 GMT.
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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Rescue Workers Race To Find Survivors In Turkey Coal Mine Explosion
Rescue workers in Turkey are searching for survivors after a coal mine explosion. The death toll has risen to at least 28, with fifteen people either trapped or missing.
Taliban rejects reports of a deal with Turkey, Qatar | Afghanistan News | Latest English News
Taliban has rejected reports of a deal with Turkey and Qatar. The denial comes hours after reports claiming that Qatar and Turkey have breached an agreement with Taliban to manage five airports.
92 naked migrants discovered at Greece-Turkey border | Al Jazeera Newsfeed
The UN refugee agency has called for a full investigation after Greek authorities discovered 92 naked migrants at the Greece-Turkey border over the weekend, prompting accusations of blame between the two countries.
Turkey's inflation surges to 20-year high | 89.1% jump in food prices | World Business Watch | WION
Turkey's annual inflation has jumped to nearly 70% in April, fuelled by the Russia-Ukraine conflict and rising commodity prices after a Lira crash late last year.
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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.
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Erdoan: Turkey to outfit warships with local vertical launch systems | Turkey News | NewsRme
Turkey has made its own vertical launch system (VLS) for naval platforms, which will replace the ones bought from other countries, President Recep Tayyip Erdoan said Friday. The systems will also be used on warships that will be built in the near future.
A test and training ship, TCG Ufuk (A-591) was constructed and delivered to the National Intelligence Organization (MIT) on Friday for a cooperative operation with the Naval Forces Command. It was conceived and built using national resources and skills.
According to Erdoan, the domestic VLS would be installed aboard the Istanbul Frigate, the fifth ship in the MILGEM (National Ship) construction project, which was unveiled last year.
While Turkey has already received four corvettes from Turkish shipyards under the MILGEM program, they have built warships for Pakistan and Ukraine as well.
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Bay Point Turkey Trot - Local News
The 2nd annual Bay Point Turkey Trot 5K and Family Fun Run is benefiting the Wesley Burnham Foundation. The Wesley Burnham Foundation was set up to honor Wesley's love for music, his faith in God, and his ability to make people smile through preschool scholarships and music programs. To honor Wesley's life, the Bay Point Community is hosting the Bay Point Turkey Trot 5K.
Las Vegas locals concerned about turkey shortage going into Thanksgiving
The clock has been ticking to get the bird and all the Thanksgiving fix-ins.
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Bird flu drives business to East Tenn. turkey farmers
Bird flu has wiped out millions of turkeys, so East Tenn. farmers are meeting the demand.
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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.'
Turkish President offering to mediate a resolution to Ukraine war | 9 News Australia
Turkish President offering to mediate a resolution to Ukraine war | 9 News Australia
Turkish activist Osman Kavala sentenced to life in prison - BBC News
A Turkish court has sentenced activist and philanthropist Osman Kavala to life in prison in a case Turkey's international allies said was politically motivated.
Mr Kavala has already spent more than four years in prison without being convicted.
He was found guilty of charges related to the nationwide protests in 2013 and the failed coup attempt in 2016.
Kavala denied the charges and has accused the government of "judicial assassination".
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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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Erdogan sacks chief statistician as Turkey's economic crisis worsens | World Latest English News
President Erdogan sacks chief statistician as Turkey's economic crisis worsens. Erdogan has been receiving flak for currency Lira's free fall.
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Las Vegas locals concerned about turkey shortage going into Thanksgiving
The clock has been ticking to get the bird and all the Thanksgiving fix-ins.
Sweden considers PKK a terrorist organization, vows to counter threats to Turkey
Swedish Prime Minister Ulf Kristersson said his government considers the Kurdish paramilitary group PKK as a terrorist organization on Tuesday, after meeting with Turkish President Recep Tayyip Erdoğan about countering terror threats to the country.
Kristersson said his government would “live up to” the security commitments it made prior to being invited to join NATO. He added that his government has committed US$1 million to the NATO anti-terrorist trust fund.
The Swedish prime minister also said he had “offered ways” to Erdoğan that his country could help Turkey fight terrorism.
Turkey and Hungary are the only two NATO members who have yet to ratify the treaty changes that would approve membership for Finland and Sweden.
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