Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...
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Turkey’s opposition fractures ahead of March polls
By Dmitry Zaks: Turkey's main opposition party lost a crucial ally Monday in its bid to form a united front against President Recep Tayyip Erdogan's ruling coalition in high-stakes March municipal polls. The secular opposition joined forces in landmark 2019 elections...
Turkish leader issues strong rebuke of Israel as death toll in Gaza rises
Turkish President Recep Tayyip Erdogan on Wednesday called Israel a "terror state", stepping up his condemnation of the spiralling civilian toll of its war against Hamas militants in Gaza. Erdogan's latest -- and one of the most heated -- verbal attacks against Israel...
Turkey welcomes Palestinian cancer patients after they entered Egypt
More than two dozen Palestinian cancer patients, who had crossed from Gaza into Egypt, arrived in Turkey for treatment in the early hours of Thursday, Turkey's Anadolu agency reported. Two planes carrying the patients, many of them children, landed at Ankara airport...
Ukraine circumvents Russia’s blockade, ships grains via NATO countries
The first grain ship to sail from Ukraine since Russia reimposed its Black Sea blockade in July reached Istanbul on Thursday, marine traffic monitors said. Ukrainian officials said the Palau-flagged Resilient Africa vessel was carrying 3,000 tonnes of wheat when it...
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...
Turkey among countries to be investigated by US over digital tax
Posted On 3 June 2020
Washington, June 2, 2020 – US President Donald Trump’s administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms. Following a similar trade investigation against France last year, the US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.
“President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies,” USTR Robert Lighthizer said in a statement. “We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination.”
Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix. The US and France have agreed to negotiate till the end of the year over a
digital services tax Paris approved in 2019, after USTR found them to be discriminating and threatened retaliatory duties of up to 100 percent on French imports such as champagne and camembert cheese.
Trump has embroiled the US in numerous trade disputes since taking office in 2017, including a months-long trade war with China that cooled with the signing of a partial deal in January.
AFP
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Turkey’s inflation ticks up to 62%
Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October,...
Turkey’s opposition fractures ahead of March polls
By Dmitry Zaks: Turkey's main opposition party lost a crucial ally Monday in its bid to form a united front against President Recep Tayyip Erdogan's ruling coalition in high-stakes March municipal polls. The secular opposition joined forces in landmark 2019 elections...
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