Turkey

Turkey Crisis Tests Putin's Power to Tilt Global Game With U.S.

Turkey’s political conflict with the U.S. and the crisis engulfing its currency offer a golden opportunity for Russian President Vladimir Putin to …

Russia

Erdoğan says Turkey will boycott US electronic products

Recep Tayyip Erdoğan has said Turkey will boycott electronic products from the US, as he issued another defiant response to sanctions imposed in a dispute over the detention of an American evangelical pastor.<p>The US measures have accelerated a currency crisis in Turkey, though the lira rallied …

South Asia

Turkey's president threatened a major blow to the US — but Trump looks to have called his bluff

Turkish President Tayyip Erdoğan, now feuding with his NATO ally President Donald Trump, wrote an editorial in the New York Times on Friday which painted his country as the victim of US bullying that could result in Ankara "looking for new friends and allies."<p>Erdoğan's plea for US concessions comes …

U.S. Politics

Trump Frustrated by Erdogan's Intransigence, White House Says

President Donald Trump “has a great deal of frustration,” his spokeswoman said, calling again on Turkish President Recep Tayyip Erdogan to release an …

Donald Trump

Turkish President announces plan to boycott US electronics including iPhones

Turkish President Recep Tayyip Erdogan has announced a boycott of electronic goods from the United States, including Apple products.<p>Along with a boycott of US electronics, Erdogan indicated that his government would offer further incentives for companies to invest in Turkey.<p>In a speech to members …

European News

Turkish president says country will boycott iPhones

The iPhone is among the U.S. electronic good that could be barred from Turkey as part of a new boycott announced by the country’s president on Tuesday.<p>“If [people currently] have iPhone, there is Samsung on the other side,” President Recep Erdogan said in a speech at a Symposium in Ankara, the …

Apple

The fallout from Turkey’s crisis will cause damage far beyond its borders | Simon Tisdall

Who can save Turkey from itself? The question is incorrectly framed. It really should be: who can save Turkey from Erdoğan?<p>Hubris begets nemesis, as the ancient Greeks opined. It’s a life lesson Recep Tayyip Erdoğan, Turkey’s arrogant leader, appears unable to absorb as his country teeters over an …

Opinion (UK)

The West cannot afford losing Turkey to Russia and Iran

Turkey's national currency, the lira, has tumbled by nearly 40% against the US dollar so far this year.<p>Relations between the two countries reached a low point on Friday, as US President Donald Trump approved the doubling of tariffs on Turkish steel and aluminium in response to Turkey's refusal to …

Opinion

U.S. official warns of more actions against Turkey if pastor not freed

WASHINGTON (Reuters) - The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor, a White House official said on Tuesday, in a dispute that has further strained relations between the NATO allies.<p>The tough message emerged a day …

World News

Turkey Is Already Teaming Up With Our Enemies

Last Friday, Turkish President Recep Tayyip Erdogan took to the editorial pages of the The New York Timesthreatening that, "Unless the United States …

Conservative View

Turkey’s Currency Plunge Has Fueled a Tourism Luxury Shopping Spree

Turkey’s President Recep Tayyip Erdogan is filled with rage right now.<p>In the past seven days, Turkey’s currency, the lira, has lost 27 percent of its …

Business

Financial tremors threaten Recep Tayyip Erdogan’s hold on Turkey | Financial Times

It seems obvious what Recep Tayyip Erdogan needs to do to pull Turkey out of the currency crisis that could sink its economy. Yet as the lira tanks …

Economics

Turkish Companies Join Banks Pressing Erdogan to Contain Turmoil

© Bloomberg. Recep Tayyip Erdogan, Turkey's president, announces members of his cabinet during a news conference at the Presidential palace in …

Interest Rates

Turkey's Erdogan pledges US electronics boycott, gets closer with Russia

<b>Istanbul, Turkey (CNN) —</b> Turkish President Recep Tayyip Erdogan announced a boycott of American electronics Tuesday after US President Donald Trump's decision to hike tariffs on Turkish steel imports.<p>"Whatever we buy from abroad we are going to produce here in better quality and export it. We are …

Tariffs

Merkel Says Turkey's Turmoil Shows Value of Shared Euro Currency

German Chancellor Angela Merkel pointed to the euro as a valuable defense against the type of currency speculation riling Turkey.<p>“These days, I’ve …

Angela Merkel

Turkey's crushing annual inflation rate is running at an estimated 101%

The currency crisis in Turkey is being exacerbated by a skyrocketing annual inflation rate, which by some estimates, exceeds 100 percent.<p>Steve Hanke, …

Interest Rates

Turkish President Calls for Boycott of U.S. Electronics Including the iPhone

When Recep Tayyip Erdogan, the Turkish president, sought to fend off a coup attempt two years ago, he appealed to his supporters via FaceTime, the Apple video chat app.<p>On Tuesday, though, he turned against Apple, delivering a nationalist broadside in calling for a boycott of American electronics …

Business

Indian Rupee Falls to All-time Low Against Dollar

The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey’s growing financial crisis could spread to other …

Business (India)

Turkey's currency crisis tests Erdogan's authoritarian style - CBS News

Turkey's currency crisis tests Erdogan's auth...

Authoritarianism

Turkey to Boycott U.S. Electronics in Retaliation Against Sanctions

The move is part of a wider campaign that has spread to other businesses including advertising and beauty parlors<p>ISTANBUL—President Recep Tayyip Erdogan said Tuesday that Turkey would boycott U.S. electronic goods, the latest move in escalating jousting between Ankara and Washington that has sent …

Recep Tayyip Erdoğan

Turkish President Calls for Boycott of U.S. Electronics

Turkey’s President Recep Tayyip Erdoğan said his country will boycott U.S. electronics Tuesday, as tensions between the nations mount.<p>Erdoğan …

World News

Turkish Crisis Could Give Way to EM Opportunity

<i>This article was originally published on ETFTrends.com.</i><p>The widely followed MSCI Emerging Markets Index tumbled again Monday amid ongoing turmoil in Turkey. The Turkish lira hit another record low against the dollar. In an effort to prop up the currency, the Turkish central bank lowered the reserve …

Central Banks

Turkey is investigating hundreds of social media accounts bad-mouthing the lira

Turkey's interior ministry has announced it is launching investigations into 346 social media accounts that have posted negatively about the lira, in …

Social Media

Turkey Gets Respite on Liquidity Moves, Tight Policy Calls

Turkish policy makers’ steps to support the financial system helped bolster investor confidence and gave the nation’s markets a much-needed breather …

Central Banks

A simple misunderstanding between Trump and Erdogan may have tanked Turkey's economy

President Donald Trump and Turkish President Tayyip Erdoğan reportedly met on the sidelines of July's NATO summit to cut a deal on prisoner releases — which would later become an economic disaster for the lira, and potentially the world.<p>Trump and Erdoğan hammered out a deal for the US to get Israel …

Donald Trump

Turkey’s president urges citizens to buy local Vestel Venus smartphones over iPhones as part of U.S. gadget boycott

With Turkey’s currency collapsing and the country facing a trade war with the U.S., Turkish president Recep Erdoğan today responded by announcing a boycott of all U.S. electronic goods.<p>In a speech, Erdoğan urged citizens to instead buy gadgets manufactured in Turkey.<p>“If they have iPhone, there is …

Technology

Erdogan says Turkey will boycott U.S. electronic products

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Financial Markets

Spotlight: Turkey-Russia-Iran trio aims to mitigate effects of U.S. sanctions, push Washington for talks

Turkish President Recep Tayyip Erdogan delivers a speech at the presidential palace in Ankara, Turkey, Aug. 3, 2018. Turkish President Recep Tayyip …

South Asia

Gas prices to spike in Venezuela to fight smugglers, Maduro says

CARACAS - Associated Press<p>President Nicolas Maduro said Monday that some of the world’s cheapest gasoline that Venezuelan drivers enjoy will soon be …

Venezuela

iPhones, US Electronics Face Boycott in Turkey Amid Trade War

Turkey's President called for the boycott in retaliation against US sanctions, which have helped worsen an economic crisis in the country. "If they …

Phones