Suffolk County police join effort to support 500 veterans with Thanksgiving turkeys
SUFFOLK COUNTY, NY — Hundreds of veterans in need were provided Thanksgiving meals and essential items this week, thanks to a collaborative effort between the Suffolk County Police Department and Nassau County…
Turkey’s tourism gains in war-hit 2022 but trade deficit widens
By Canan Sevgili and Can Sezer ISTANBUL (Reuters) – Turkey’s tourism revenue hit a record $46.3 billion in 2022 even as its trade deficit swelled to more than $109 billion, as a…
Turkey’s Erdogan signals Finland’s NATO bid may be considered over Sweden
ANKARA (Reuters) – Turkish President Tayyip Erdogan signalled on Sunday that Ankara may agree to Finland joining NATO ahead of Sweden, amid growing tensions with Stockholm. “We may deliver Finland a different…
Turkey’s inflation drops to 64.27% in December due to base effect
ISTANBUL (Reuters) – Turkish annual inflation slid to 64.27% in December, official data showed on Tuesday, below forecast, dropping because of a favourable base effect after hitting a 24-year high in October.…
Erdogan: Turkey’s inflation will fall to 40% in months, 20% in 2023
ANKARA (Reuters) – Turkey’s President Tayyip Erdogan said on Monday it was “apparent” that inflation would fall to around 40% in a few months, and further to 20% in 2023. Turkey’s annual…
Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from…
Turkey’s economy grew 4% in Q3; 2022 growth seen at 5%: Reuters Poll
ISTANBUL (Reuters) – Turkey’s economy is expected to have expanded 4% in the third quarter and will grow 5% overall in 2022, a Reuters poll showed on Monday, after the central bank…
One thousand free turkeys with all the fixings to be handed out in Toms River
TOMS RIVER, NJ – For families struggling with inflation and the astronomical increase in food costs, the Presbyterian Church at 1070 Hooper Avenue will be hosting a Thanksgiving dinner distribution. The turkeys…
Turkey’s inflation hits 24-year high of 85.5% after rate cuts
ISTANBUL (Reuters) -Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite…
Exclusive-In letter, Sweden lists ‘concrete actions’ on Turkey’s concerns over NATO bid
By Jonathan Spicer ISTANBUL (Reuters) – Sweden has taken “concrete action” to address Turkey’s concerns over its NATO membership bid, including stepping up counter-terrorism efforts against Kurdish militants, Stockholm told Ankara in…
Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices
Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices John Hugh DeMastri on October 18, 2022 A new, deadly strain of the bird flu has killed…
Turkey’s ‘disinformation’ bill to have pre-election ‘chilling effect’ -Europe watchdog
ISTANBUL (Reuters) – Turkey’s proposed “disinformation” bill threatens free speech and could further harm journalism ahead of next year’s elections, a European rights watchdog’s legal body said, calling for Turkey’s parliament to…
Turkey’s Erdogan says he will keep cutting rates “as long as I am in power”
ANKARA (Reuters) – Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power,…
Turkey’s Erdogan says received “positive” feedback from U.S. senators on F-16s
UNITED NATIONS (Reuters) – Turkey President Tayyip Erdogan told Reuters on Tuesday that he has received “positive” feedback from the U.S. senators he has met in New York on their potential support…
Putin expects to discuss Black Sea grain deal with Turkey’s Erdogan next week
MOSCOW (Reuters) – The Kremlin said on Friday that it expected President Vladimir Putin and his Turkish counterpart Tayyip Erdogan to discuss the implementation of a deal on Ukrainian grain exports, which…
Bearing the scars: One year of Turkey’s unorthodox easing cycle
By Canan Sevgili GDANSK (Reuters) – Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a…
Special Report-Insiders reveal how Erdogan tamed Turkey’s newsrooms
By Jonathan Spicer ISTANBUL (Reuters) – When President Tayyip Erdogan’s son-in-law suddenly quit as finance minister in late 2020, four staff in Turkey’s leading newsrooms said they received a clear direction from…
Erdogan’s plan to manage Turkey’s economic crisis gets summer reprieve
By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip…
FT says Western governments are alarmed over Turkey’s deepening ties with Russia
(Reuters) – Western governments are increasingly alarmed about deepening economic ties between Turkey and Russia, warning of the mounting risk that Turkey could be hit by punitive retaliation if it helps Russia…
Turkey’s C/A deficit seen at $3.4 billion in June; $40.2 billion at year-end: Reuters poll
ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more than $40 billion, a Reuters poll showed…
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published on the BDDK’s website showed that it…
Turkey’s lira, bonds extend decline on inflation, rate cut concerns
By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in inflation and depleted official…
Turkey’s talks with Sweden, Finland made little progress on NATO concerns: sources
By Orhan Coskun and Jonathan Spicer ANKARA – Talks between Turkish officials and delegations from Sweden and Finland this week in Turkey made little headway overcoming Ankara’s objections to the Nordic countries…
Turkey’s FLO in talks to take over Reebok’s stores in Russia – chairman
By Ceyda Caglayan ISTANBUL – Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO Chairman Mehmet Ziylan said on…
UniCredit completes sale of Turkey’s Yapi Kredi
MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which was announced…
Turkey’s C/A deficit seen rising to 4% of GDP this year -Goldman
ISTANBUL – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, Goldman Sachs said, citing rising commodity prices…
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