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Turkey: Istanbul’s popular opposition mayor faces fresh trial

By Dmitry Zaks: Istanbul's popular opposition mayor went on trial Thursday on fresh corruption charges that could further cloud his hopes of succeeding President Recep Tayyip Erdogan. Ekrem Imamoglu has turned into one of Erdogan's most outspoken and openly ambitious...

Sweden eager to get NATO bases even before membership

Sweden, whose NATO membership bid is currently blocked, is ready to welcome temporary NATO bases on its soil even before it is a full member, Prime Minister Ulf Kristersson said Friday. "The government has decided that the military can undertake preparations with NATO...

Turkish Airlines set for major fleet expansion

The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for a record-breaking order of 600 aircraft in two months. The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400...

Turkish currency continues to lose value vs. US dollar

Arezki’s Take @arezkid#1Country1Minute: #Turkey voted #Erdogan for another term, #investors hate it ♬ original sound - Arezki By Fulya Ozerkan: The Turkish lira sank to a new low against the dollar on Wednesday, more than a week after the re-election of President...

French cement giant Lafarge accused of supporting “terror groups”

Turkish President Recep Tayyip Erdogan said Friday he warned France about the cement company Lafarge's ties to terror groups in northern Syria. "When I explained how the cement giant called Lafarge supported terrorist organisations in northern Syria... the French did...
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Turkey experiences out-of-control inflation, soaring prices

By Fulya Ozerkan Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday, as President Recep Tayyip Erdogan presses for more interest rate cuts despite surging prices. Turkey's monetary policymakers are bucking the...
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Turkish banks abandon use of Russia’s card payment system Mir

By Fulya Ozerkan: Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington. The decision follows weeks of...
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Turkey cuts interest rate for second month despite soaring inflation

Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 percent and still moving higher. The central bank said it was cutting its one-week repo rate to 12 percent from 13 percent and...
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