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India

Daren Butler

France recalls envoy after Turkey scolds Macron over Muslims

12:33am IST

ISTANBUL/PARIS France recalled its ambassador on Saturday after Turkish President Tayyip Erdogan said his counterpart Emmanuel Macron needed mental help over his attitude towards Muslims.

Turkey holds rates in surprise that sends lira to new low

22 Oct 2020

ISTANBUL Turkey's central bank bucked expectations for a big interest rate hike on Thursday and sent the lira plunging to a record low by holding its policy rate at 10.25% and saying it had already made progress in containing inflation.

UPDATE 2-Turkey holds rates in surprise that sends lira to new low

22 Oct 2020

ISTANBUL, Oct 22 Turkey's central bank bucked expectations for a big interest rate hike on Thursday and sent the lira plunging to a record low by holding its policy rate at 10.25% and saying it had already made progress in containing inflation.

UPDATE 2-Turkey removes another pandemic measure as lira hovers near all time low

12 Oct 2020

ISTANBUL, Oct 12 Turkey's central bank, faced with a record-low currency and widening current account deficit, further left behind ultra-loose measures adopted during the coronavirus pandemic when it raised on Monday the remuneration rate on required lira reserves.

Turkey touts past maritime conquests ahead of talks on Mediterranean dispute

01 Oct 2020

ISTANBUL As Turkey and Greece prepare for talks to calm a bitter maritime dispute, Ankara released a video this week glorifying a 16th century naval victory which led to the Ottoman Empire taking control of the Mediterranean.

Turkey touts past maritime conquests ahead of talks on Mediterranean dispute

30 Sep 2020

* Maritime doctrine mirrors assertive regional policy on land

Turkish lira skids to new lows as Caucasus clashes weigh

28 Sep 2020

ISTANBUL The lira skidded to record lows against the dollar, euro and pound on Monday amid concern that Turkey could get more involved in a fast-escalating conflict in the Caucasus, despite last week's surprise rate hike meant to support the currency.

Turkey sees EU summit as chance for reset - Erdogan spokesman

28 Sep 2020

ISTANBUL Turkey sees a European Union summit this week as an opportunity to reset relations between them, but the bloc must produce specific proposals and a timetable to work on a roadmap together, President Tayyip Erdogan's spokesman said.

Turkey surprises with rate hike that lifts lira from record low

24 Sep 2020

ISTANBUL Turkey's central bank unexpectedly hiked interest rates by 200 basis points to 10.25% on Thursday, tightening policy for the first time in two years in order to lift the lira from record lows and rein in elevated inflation.

Turkey's arrest of lawyers draws international criticism

15 Sep 2020

ISTANBUL Turkish and international lawyers' groups have voiced concern over the arrest of dozens of lawyers, saying they had been doing their job when representing clients accused of links to the network Turkey blames for an attempted coup in 2016.

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