Turkey
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Turkey Approves Sweden's NATO Membership Bid Amidst Geopolitical Shifts
Turkey's parliament has ratified Sweden's bid to join the North Atlantic Treaty Organization (NATO), concluding a prolonged 20-month process. This decision by the Turkish General Assembly, led by President Tayyip Erdogan's ruling alliance, marks a crucial step in expanding NATO in the wake of Russia's aggression in Ukraine. Turkey's parliament has ratified Sweden's bid to join the North Atlantic Treaty Organization (NATO), concluding a prolonged 20-month process. This decision by the Turkish General Assembly, led by President Tayyip Erdogan's ruling alliance, marks a crucial step in expanding NATO in the wake of Russia's aggression in Ukraine. -
Turkey Aims to Emerge as Winner in Sweden-NATO Membership Dispute, Weighing F-16 and Eurofighter Deals
Turkey's President Recep Tayyip Erdogan has made no secret of his real demands regarding the approval of Sweden's NATO membership. Turkey's President Recep Tayyip Erdogan has made no secret of his real demands regarding the approval of Sweden's NATO membership. -
Turkey's Central Bank Takes Bold Step with 500 Basis Point Rate Hike to 40%
Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. Turkey's Central Bank dramatically raised its key interest rate to 40%, an increase of 500 basis points. -
Turkey's Retaliatory Strikes on PKK Bases Following Ankara Suicide Attack
In a swift response to a suicide attack in Ankara, Turkish warplanes have targeted and destroyed several bases of the PKK (Kurdistan Workers' Party) in northern Iraq. The attack in Turkey's capital was aimed at a ministry building and was orchestrated to coincide with the reopening of Turkey's parliament. In a swift response to a suicide attack in Ankara, Turkish warplanes have targeted and destroyed several bases of the PKK (Kurdistan Workers' Party) in northern Iraq. The attack in Turkey's capital was aimed at a ministry building and was orchestrated to coincide with the reopening of Turkey's parliament. -
Turkey Becomes Beacon of Hope in Black Sea Standoff
Following a recent termination of a grain transportation agreement in the Black Sea, three civilian cargo ships proceeded to Ukrainian ports without interference from Russia. However, a warning shot from a Russian warship last Sunday has disrupted Ukraine's plans to establish a "humanitarian corridor" in the Black Sea for stranded ships, leading to concerns of rising insurance costs for Black Sea shipping. Following a recent termination of a grain transportation agreement in the Black Sea, three civilian cargo ships proceeded to Ukrainian ports without interference from Russia. However, a warning shot from a Russian warship last Sunday has disrupted Ukraine's plans to establish a "humanitarian corridor" in the Black Sea for stranded ships, leading to concerns of rising insurance costs for Black Sea shipping. -
Turkey's First Rate Hike in Over Two Years Falls Short of Expectations, Lira Plummets by 4%
Turkey's Central Bank took a shift in its monetary policy on Thursday, raising interest rates by 650 basis points from 8.5% to 15% in its first hike since March 2021. However, the increase was not as substantial as the market had anticipated, and the Lira fell sharply by 4% as a result. Turkey's Central Bank took a shift in its monetary policy on Thursday, raising interest rates by 650 basis points from 8.5% to 15% in its first hike since March 2021. However, the increase was not as substantial as the market had anticipated, and the Lira fell sharply by 4% as a result. -
Turkey's Tumultuous Turn: Brace for an Aggressive Rate Hike as Erdogan's Reelection Signals Economic Shift
As Bloomberg reported on Monday, economists are predicting that Turkey's central bank will substantially raise interest rates at its meeting on Thursday, though expectations for the size of the increase vary greatly. As Bloomberg reported on Monday, economists are predicting that Turkey's central bank will substantially raise interest rates at its meeting on Thursday, though expectations for the size of the increase vary greatly. -
Think Turkey Is Too Expensive? Blame Putin, Says USDA
The hefty price of turkey is a result of a combination of the pandemic and "Putin's Price Hike," according to the Department of Agriculture The hefty price of turkey is a result of a combination of the pandemic and "Putin's Price Hike," according to the Department of Agriculture -
Istanbul Blast Leaves Six Dead, 81 Wounded
Turkey Vice President Fuat Oktay earlier said the blast was thought to be a terrorist attack carried out by a woman. Turkey Vice President Fuat Oktay earlier said the blast was thought to be a terrorist attack carried out by a woman. -
Greece, Turkey Trade Blame Over Discovery Of 92 Naked Migrants; UN 'Deeply Distressed'
Greek officials label Turkey's actions a "shame to civilization," and the UN demands a thorough investigation. Greek officials label Turkey's actions a "shame to civilization," and the UN demands a thorough investigation.