Categorie
Turkey

Erdogan slams Western envoys who urged philanthropist’s release (Al Monitor)

Turkish President Recep Tayyip Erdogan condemned a group of Western ambassadors who urged Turkey this week to release philanthropist Osman Kavala.

“I told our foreign minister: We can’t have the luxury of hosting this lot in our country. Is it for you to give Turkey such a lesson? Who do you think you are?” Reuters quoted Erdogan as telling reporters on Thursday.

Erdogan slams Western envoys who urged philanthropist’s release – Al-Monitor: The Pulse of the Middle East

Categorie
Israel Turkey

15 spies for Israel’s Mossad arrested, reports Turkish press (Al Monitor)

Turkish authorities arrested 15 people earlier this month who are accused of spying for Israel’s Mossad intelligence agency, Turkish media outlets reported on Thursday.

Turkey’s Sabah newspaper reported that some 200 intelligence officers monitored the alleged Israeli intelligence network, which authorities say targeted both critics of Israel and foreign students living in Turkey.

15 spies for Israel’s Mossad arrested, reports Turkish press – Al-Monitor: The Pulse of the Middle East

Categorie
Turkey USA

Intel: Turkey’s Erdogan wants to talk F-35 dispute with Biden in Rome (Al Monitor)

Turkey’s President Recep Tayyip Erdogan expressed optimism on Thursday that his government would recover the $1.4 billion it put toward acquiring Lockheed-Martin’s F-35 Joint Strike Fighter jet amid talks with the United States.

“We will get this $1.4 billion of ours one way or another,” state-owned Anadolu News Agency quoted Erdogan as telling journalists on a flight returning from an official visit to West Africa.

Intel: Turkey’s Erdogan wants to talk F-35 dispute with Biden in Rome – Al-Monitor: The Pulse of the Middle East

Categorie
Turkey

Is Ankara capitulating to or allowing lira’s depreciation? (Mustafa Sonmez, Al Monitor)

Turkey’s central bank cut its policy rate by a staggering 200 basis points Thursday, sending the embattled Turkish lira to a new all-time low and raising the specter of deeper economic turmoil in the country.

The bank’s monetary policy committee lowered its key one-week repo rate to 16% from 18%, heeding President Recep Tayyip Erdogan’s pressure for lower interest rates despite an annual inflation just shy of 20%. The move followed a 100-basis-point reduction in September and the dismissal of senior central bankers last week, which had already caused the lira to tumble.

Is Ankara capitulating to or allowing lira’s depreciation? – Al-Monitor: The Pulse of the Middle East

Categorie
Turkey

Global finance watchdog adds Turkey to grey list (Amberin Zaman, Al Monitor)

The global financial watchdog known as the Financial Action Task Force, or FATF, announced today that Turkey has been added to its “grey list” of countries subject to heightened scrutiny over terrorist financing, money laundering and institutional corruption. The move will further dent Turkey’s spotty image and likely further weaken the lira, which had already dipped to a fresh low today following a bigger than expected 2% rate cut by the central bank. Coming on top of ever-louder, anti-Western growls from the country’s authoritarian — and increasingly erratic — president, Recep Tayyip Erdogan, Turkey is beginning to look more like Iran than a valued NATO member.

Global finance watchdog adds Turkey to grey list – Al-Monitor: The Pulse of the Middle East

Categorie
Turkey

As Turks wrestle with inflation, central bank cuts rates again (Umar Farooq, Al Jazeera)

Turkey’s central bank announced a bigger-than-expected interest rate cut on Thursday –  marking the latest in a string of policy moves that have seen investors punish the lira and economists warn of even more inflation pain for Turkish consumers.

Central bank policymakers led by Governor Sahap Kavcioglu, slashed Turkey’s benchmark interest rate by two percentage points to 16 percent – a massive cut that exceeded most forecasts.

As Turks wrestle with inflation, central bank cuts rates again | Business and Economy News | Al Jazeera

Categorie
Turkey

Turkey: Erdogan slams ambassadors over call for Kavala’s release (Al Jazeera)

Turkish President Recep Tayyip Erdogan has slammed the ambassadors of 10 countries for their call for philanthropist Osman Kavala‘s release, saying Ankara should not be hosting them.

Upon returning from a trip to Africa on Thursday, Erdogan told reporters he had told Foreign Minister Mevlut Cavusoglu that Turkey “can’t have the luxury of hosting this lot”.

Categorie
Syria Turkey

Suspected Turkish drone strike targets three people in Syrian Kurdish town (Al Monitor)

A drone strike believed to have been launched by Turkey struck a vehicle in the Kurdish-controlled town of Kobani in northeast Syria on Wednesday, according to local reports.

Three people in the vehicle were injured, local ANHA News Agency reported. The Syrian Observatory for Human Rights (SOHR), a UK-based monitoring network, said two people were killed in the strike.

Suspected Turkish drone strike targets three people in Syrian Kurdish town – Al-Monitor: The Pulse of the Middle East

Categorie
Europe Turkey

After critical EU report, Turkey’s bid to join bloc remains at a ‘standstill’ (Diego Cupolo, Al Monitor)

With Turkey’s bid to join the EU long frozen, the European Commission (EC) released its annual report Tuesday on the nation’s accession process, citing continued democratic backsliding under the government of President Recep Tayyip Erdogan.

After critical EU report, Turkey’s bid to join bloc remains at a ‘standstill’ – Al-Monitor: The Pulse of the Middle East

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