Erdogan

Lira Plunges Again After Erdogan Cites Islam To Defend Rate Cuts

Business / By

Turkey’s troubled lira nosedived Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilise the currency. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to more than 20 percent. Economists believe the policy could see consumer price increases …

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Turkey Lira Crashes As Erdogan Warns Of ‘Economic War’

Business / By

The Turkish lira plunged to record lows Tuesday after President Recep Tayyip Erdogan stuck to his support for interest rate cuts, warning his country was in a “war of economic independence”. The Turkish currency exchanged hands at more than 13 lira to the dollar, a 15 percent fall, before recovering slightly from the historic drop. …

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Italy’s Draghi accuses ‘dictator’ Erdogan, draws Turkey’s condemnation

Politics, Top News / By

FILE PHOTO: Italy’s Prime Minister, Mario Draghi speaks during a joint press conference with Italy’s Economy Minister and Italy’s Minister for Labour and Social Policy following a Cabinet meeting in Rome, Italy, March 19, 2021. Alberto Pizzoli/Pool via REUTERS April 8, 2021 ROME (Reuters) – Italian Prime Minister Mario Draghi on Thursday accused Turkish President …

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Turkey’s Erdogan defends plunge in reserves under ex-minister Albayrak

Economy, Politics, Top News / By

FILE PHOTO: Turkish lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration February 23, 2021 By Tuvan Gumrukcu ANKARA (Reuters) – President Tayyip Erdogan on Monday defended a policy that oversaw a steep drop in FX reserves under former finance minister Berat Albayrak, his son-in-law, saying it helped Turkey to ride …

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Turkey’s Erdogan says may begin working on new constitution

Politics, Top News / By

Turkish President Tayyip Erdogan speaks during a news conference following a cabinet meeting in Ankara, Turkey February 1, 2021. Presidential Press Office/Handout via REUTERS February 1, 2021 ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Monday his ruling AK Party and its nationalist allies may start work on drafting a new constitution, less than four …

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Erdogan ally calls for Turkey’s pro-Kurdish party to be banned | One America News Network

Politics, Top News, World / By

December 17, 2020 By Daren Butler ISTANBUL (Reuters) – President Tayyip Erdogan’s nationalist ally said Turkey’s pro-Kurdish HDP party, the country’s third biggest, should be banned for separatism – a move the HDP’s co-leader condemned on Thursday as a bid to silence six million voters. Nationalist Movement Party leader Devlet Bahceli has long been a …

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Turkey’s Erdogan, at Nagorno-Karabakh parade, says Armenia needs new leaders | One America News Network

Politics, Top News, World / By

December 10, 2020 By Nailia Bagirova and Tuvan Gumrukcu BAKU/ANKARA (Reuters) – Turkish President Tayyip Erdogan on Thursday renewed a call for a change of leadership in Armenia, as he reviewed a military parade marking that country’s defeat by Azerbaijan in a war in the disputed enclave of Nagorno-Karabakh. Erdogan, who provided military and diplomatic …

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