ISTANBUL President Tayyip Erdogan said on Friday U.S. sanctions over Turkey's purchase of Russian S-400 missiles would be disrespectful of a NATO ally, after sources said Washington was poised to take the step likely to worsen bilateral relations.
* EU separately agree sanctions over East Med dispute (Adds Erdogan, foreign ministry, analyst; further lira slide)
ISTANBUL The Turkish lira weakened on Friday after sources said the United States was poised to impose sanctions on Turkey over its acquisition of Russian S-400 air defence systems, a move set to worsen ties between the two NATO allies.
ISTANBUL A surge in COVID-19 infections and the prospect of another economic downturn could sorely test Turkish President Tayyip Erdogan's reluctant acceptance of much higher interest rates and the need for greater austerity.
ISTANBUL Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure for tight monetary policy after last month's rate hike.
ISTANBUL, Dec 3 Turkey's annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above a 12.6% forecast, keeping up pressure for tight monetary policy after last month's rate hike.
ISTANBUL Turkish President Tayyip Erdogan's promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be persuaded that policies they say have dragged on economic prospects for years will be reversed.
ISTANBUL, Dec 1 Turkish President Tayyip Erdogan's promise of a new economic era triggered a foreign-driven rally in the lira, but local investors have yet to be persuaded that policies they say have dragged on economic prospects for years will be reversed.
ISTANBUL Turkey's economy roared to a more-than-expected 6.7% growth rate in the third quarter, as a flood of credit helped it rebound from a 10% contraction in the previous period when lockdowns were imposed to curb the initial coronavirus wave.
* Cbank hiked rates to 15% to support lira, tame inflation (Adds graphic, comment, context)
European Union countries agreed a new climate change target for the bloc on Friday after haggling through the night in Brussels, pulling the political trigger on a policy revamp to make every sector greener.