Headlines 

Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

The summer holiday in the bond market may be a long one for Turkey. New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond losses among the worst in emerging markets amid a plunge in the lira, the dollar-debt market may be shut for some time to come. Quiet Summer Turkish bond sales have dried up since April as uncertainties deterred issuers

Read More
Headlines 

Turkey Crisis Deepens as Sanctions Threat Sends Lira to New Low

Turkey’s lira sank to a record low and bonds tumbled as heightened concern over a respond in kind to U.S. sanctions over a detained American pastor. The iShares MSCI Turkey exchange-traded fund plunged 7.5 percent — the lowest level since 2009. As the currency tumbled, Turkish policymakers changed Turkey Changes Reserve Rules to Boost Banks’ Dollar Liquidity “The real issue is the economic situation and there are no signs of central bank independence or tighter fiscal policies — which are needed to stabilize asset prices,” said Shamaila Khan, AllianceBernstein’s director…

Read More
Headlines 

Turkey election: triumphant Erdoan strikes combative tone in victory speech

Election authority confirms Erdoans victory with 97.7% of the vote counted, as opposition leaders vow to continue struggle Recep Tayyip Erdoan has addressed thousands of supporters in Ankara after being declared the victor in Turkeys presidential election, saying democracy was the winner and that Turkey was an example for the rest of the world. We have received the message that has been given to us in the ballot boxes, he said, speaking from the balcony of the AK partys headquarters in Ankara, to a large crowd of cheering and flag-waving…

Read More
Headlines 

British woman killed fighting Turkish forces in Afrin

Anna Campbell believed to be the first British woman to die alongside Kurdish forces in Syria A British woman fighting alongside Kurdish forces in Afrin, northern Syria, has been killed, her Kurdish commanders have said. Anna Campbell, from Lewes, East Sussex, was volunteering with the US-backed Kurdish Womens Protection Units (YPJ) the all-female affiliate army of the Peoples Protection Units (YPG) in the besieged city of Afrin when the convoy she was travelling in was struck by a Turkish missile on 16 March. Sources say the 26-year-old initially travelled to…

Read More
Headlines 

Thousands of Turkish Cypriots demonstrate against Ankara

Tensions have grown since a Turkish Cypriot newspaper was attacked by hardline nationalists Thousands of Turkish Cypriots demonstrate against Ankara Tensions have grown since a Turkish Cypriot newspaper was attacked by hardline nationalists Helena Smith in Athens Last modified on Fri 26 Jan 2018 14.43EST Share via Email Share on LinkedIn Share on WhatsApp Turkish Cypriots protest against the attack on the Afrika newspaper in the Turkish-administered northern part of Nicosia, Cyprus. Photograph: Yiannis Kourtoglou/Reuters Thousands of Turkish Cypriots chanting we want our country back have taken to the streets…

Read More
Headlines 

Germany Tightens the Screws on International Funds to Turkey

The German government is wielding its influence with international development institutions to restrict financing to Turkey over an escalating political dispute, people familiar with the matter said. Germany is actively working to cut funding to Turkey from the country’s state-owned European Investment Bank and the European Bank for European Union’s pre-accession funding for Turkey. That’s part of a broader break between Turkey and its traditional Western allies, including the U.S., which on Oct. 8 suspended visa services in the country. Germany is Turkey’s largest economic partner by far, accounting for…

Read More
Headlines 

Somalia Readies for ‘State of War’ as Death Toll Up to 358

Mogadishu, Somalia (AP) — Somalia's president on Saturday urged troops to prepare for a "state of war" against the al-Shabab extremist group blamed for the country's deadliest attack, as the toll reached 358 with dozens still said to be missing a week after the truck bombing in Mogadishu. The United States is expected to play a supporting role in the new offensive, a Somali military official told The Associated Press. The official spoke on condition of anonymity because he was not authorized to speak to reporters. While President Mohamed Abdullahi…

Read More
Headlines 

Why the U.S. and Turkey Are Suddenly in a Major Standoff

Relations between the U.S. and Turkey, allies since the aftermath of World War II, have soured in the 15 months since an Fethullah Gulen, whom the U.S. has so far refused to extradite. Further increasing tensions, the U.S. and Turkey are at odds over the war in Syria. This backdrop may help explain why the arrest of a U.S. consular employee in Turkey, on charges of involvement in the coup attempt, blew up so quickly into a major diplomatic rift, with the two nations suspending visa services for each other’s…

Read More
Headlines 

Unlearning the myth of American innocence

The long read: When she was 30, Suzy Hansen left the US for Istanbul and began to realise that Americans will never understand their own country until they see it as the rest of the world does My mother recently found piles of my notebooks from when I was a small child that were filled with plans for my future. I was very ambitious. I wrote out what I would do at every age: when I would get married and when I would have kids and when I would open…

Read More
Headlines 

Turkish activists decry attack on press freedom as journalists stand trial

Charges include claims that Cumhuriyet journalists helped the separatist Kurdistan Workers party and Glen movement The trial of 17 reporters and executives from Cumhuriyet, one of Turkeys last standing opposition newspapers, is set to begin on Monday with rights activists decrying the continuing muzzling of free speech in one of the worlds largest jailers of journalists. The charges include accusations that the newspapers journalists aided the separatist Kurdistan Workers party (PKK) and the Fethullah Glen movement, which is widely believed in Turkey to have orchestrated last years coup attempt, and…

Read More
Headlines 

Earthquake in Turkey and Greece leaves at least two dead in Kos, 200 injured

6.7 magnitude quake struck overnight between Bodrum and Greek islands, injuring 200 people and sending residents and tourists running into the streets A powerful earthquake of magnitude 6.7 has killed at least two people on the island of Kos and injured 200 in Greek and Turkish coastal towns. The quake struck near major tourist destinations around the Aegean sea in the early hours of Friday, Turkish and Greek officials said. Around 200 people have been injured, officials said, with at least 120 on Kos and 70 in Turkey. The United…

Read More
Headlines 

US voices ‘strongest possible’ concern over violence during Erdoan’s visit

State department communicating concern to Turkish government after brawl between Turkish security personnel and protesters injured 11 The United States has said it was voicing its strongest possible concern to Turkey over scuffles erupted between his security detail and demonstrators. The next time they could kill us easily. Im scared now too, because I dont know how it will affect my life here in the United States, said Tankan, who lives in Arlington, Virginia. Read more: https://www.theguardian.com/us-news/2017/may/17/turkey-erdogan-protest-dc-violence-us-concern

Read More
Headlines 

Syria safe zones hit by clashes on first day

Reports of bombing in Hama province as Russian-led agreement intended to stop conflict between government and rebel forces comes into force Syrian government forces and rebels clashed in the north-western province of Hama on Friday shortly after a Russian-led deal to establish safe zones took effect, a monitor and a rebel official said. The zones, agreed to by Russia, Turkey and Iran, went into effect at midnight on Friday. The plans details will be worked out over the next few weeks but the zones appear intended to halt conflict in…

Read More
Odds and Ends 

Wikipedia has been blocked in Turkey

Wikipedia, the online user-generatedencyclopedia, has been blocked by the Turkish government. News of the blockage was first reported by the website Turkey Blocks, at around 1AM Eastern this morning. Confirmed: All editions of the #Wikipedia online encyclopedia blocked in #Turkey as of 8:00AM local timehttps://t.co/ybFolRmsOs pic.twitter.com/hI9tn4bHe5 Turkey Blocks (@TurkeyBlocks) April 29, 2017 The website, which was set up to monitor what online properties are blocked by the Turkish government, reported that the blockage was approved by the Ankara first criminal court. Update: Court order for #Wikipedia block approved by Ankara…

Read More
Headlines 

Turkey arrests 1,000 and suspends 9,100 police in new crackdown

One week after Erdoans narrow referendum victory, alleged supporters of US-based preacher are rounded up Turkey has detained more than 1,000 people and suspended over 9,100 police in a new crackdown against alleged supporters of the US-based preacher accused of orchestrating the coup bid against president Recep Tayyip Erdogan. Dawn raids across the country seeking more than 3,000 suspects were followed by a statement from police that 9,103 police officers were being suspended on suspicion of links to narrowly won a referendum on ramping up his powers which opponents fear…

Read More