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 arrests founder of cryptocurrency exchange Thodex
Posted On 20 April 2023
Thodex, suspected of having fled Turkey with the assets of his clients, arrived in Istanbul on Thursday after his extradition from Albania and was immediately taken into custody, officials said. Fugitive businessman Faruk Fatih Ozer is suspected of having fled Turkey in 2021 with a reported $2 billion in investors’ assets. He was arrested last year in Albania on international arrest warrant from Interpol. Albanian police said in a statement that Ozer was extradited to Turkey on Thursday morning after an Albanian court gave the greenlight. Turkish television footage showed Ozer, accompanied by a police escort, disembarking from a plane upon arrival in Istanbul.
The official Anadolu news agency reported that he was taken to police headquarters. The Istanbul-based Thodex exchange used aggressive advertising campaigns to lure investors. But the exchange suspended trading in April 2021 after having posted a mysterious message days earlier saying it needed five days to deal with an unspecified outside investment. Media reports said at the time that the exchange shut down while holding at least $2 billion from 391,000 investors. Turkish security officials then released a photo of Ozer going through passport control at Istanbul airport on his way to an unspecified location.
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,...
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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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