President Recep Tayyip Erdogan on Tuesday said Turkey would boycott US electronic goods in retaliation for punitive sanctions by Washington against Ankara over the detention of an American pastor.
“We will boycott US electronic products,” the Turkish president said. “If they have iPhone, the other side has Samsung.… Be Informed
President Tayyip Erdogan on Monday accused “economic terrorists” of plotting to harm Turkey by spreading false reports and said they would face the full force of the law, as authorities launched investigations of those suspected of involvement.
Financial stocks felt the full blast of the currency crisis, with some bank stocks falling by over 10%.… Be Informed
New York Times: For the past seven years, Tim Lee has been warning that a financial crisis in Turkey would set off a wider calamity in global markets.
Just about nobody listened — until now.
A plunge in the Turkish lira and the prospect that the country might soon need a bailout has spurred an investor exodus in Turkey, one that gathered steam on Friday as the currency dropped as much as 16 percent.… Be Informed
FT/ DW/ Turkish Govt: The Turkish Central bank said it will “provide all the liquidity the banks need” as the Turkish lira continued to tumble. Prosecutors have meanwhile threatened to go after those that “threaten economic security.”
In a statement the Central Bank said it would “take all necessary measures to maintain financial stability” and “provide all the liquidity the banks need.” The central bank specified several measures to manage lira liquidity and provide sufficient foreign currency to banks.… Be Informed
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Your morning briefing for today.
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… Be InformedThe Police issued a statement stating that former Financial Intelligence Analysis Unit and Economic Crimes Unit officer Jonathan Ferris was never threatened with arrest. Ferris lawyers published the warrant notice in response.
UPDATE: A statement by the Kremlin announced that Turkish President Recep Tayyip Erdoğan spoke by phone with Vladimir Putin to discuss “trade and economic cooperation.
The statement will fuel speculation that Erdoğan is moving closer to Russia as relations worsen between Turkey and the United States, even though both countries are NATO members.… Be Informed
Tgcom reports that the Italian coast guard intercepted a sailboat carrying 61 men near the shores of Portopalo di Capo Passero (Syracuse).
They are Pakistani, who told the authorities that they paid 5,000 euros for the crossing and that they left Saturday night from Turkey. … Be Informed
AA: Turkey, with the aid of the country’s first drilling vessel, Fatih, will drill its first well in the Mediterranean this year Fatih, Turkey’s Energy and Natural Resources Minister Fatih Donmez said late Thursday.
Donmez, speaking at the Belt and Road Investment and Financial Cooperation Summit in Turkish capital Ankara, said Turkey has accelerated seismic research and drilling activities in the Black Sea and the Mediterranean since April 2017.… Be Informed
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This is our morning briefing, bringing you the highlights of the main news as reported in Malta, Europe and the World.
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Two women were killed early yesterday morning in a residence in Gharghur in what appears to have been a domestic incident.
Arsenal football player Mesut Ozil has decided he will no longer be playing with the German national team.
… Be InformedThe past couple of weeks have given me time to reflect, and time to think over the events of the last few months.
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The dust haven’t settled yet on Monday’s summit Trump invites Putin for a second meeting for Autumn, this time in Washington. The EU issued a stark warning to all member states about the possible repercussions of a no-deal Brexit (or Brexit in any form) as the March 30 2019 date looms.… Be Informed
The Turkish government has ended the nationwide state of emergency that was imposed two years ago after a failed coup attempt, state media say.
Under the state of emergency, tens of thousands of people were arrested or dismissed from their jobs.… Be Informed
Euronews: Greece and Turkey have agreed to focus efforts on easing tensions in the Aegean, Greek Prime Minister Alexis Tsipras said on Thursday after meeting Turkish President Tayyip Erdogan on the sidelines of a NATO summit.
“I put to the Turkish president this increase in Turkish violations in the Aegean ..… Be Informed
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The successful rescue operation in Thailand ended successfully, highlighting a number of ‘human traits’ that at times are overshadowed by the dullness of other happenings around us. This dominated most of ‘the expectations’ from news feeds around the world after a day dominated by expectations about who was about to resign next from Theresa May’s cabinet.… Be Informed
FT: Recep Tayyip Erdogan appointed his own son-in-law to head Turkey’s powerful new treasury and finance ministry as he unveiled a cabinet composed of a mix of loyalists, technocrats and business figures drawn from the private sector.
The choice of Berat Albayrak, who married the president’s daughter in 2004, was met with alarm from analysts and foreign investors who are anxious over the health of the Turkish economy and the independence of the central bank.… Be Informed
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An eventful 36 hours for Theresa May and the UK. But not only. Trump’s nomination for the Supreme Court, Libya’s deal with Italy on migration and the rescue in Thailand, Erdogan’s start to the new Presidency are amongst the events which took place.… Be Informed
Hurriyet: Turkey has officially switched to an executive presidency after President Recep Tayyip Erdoğan took the oath of office on July 9.
Erdoğan was re-elected as the country’s president in the June 24 elections, in which he garnered 52 percent of the votes.… Be Informed
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The rescue operation currently underway in Thailand dominated most of the international news outlets agenda. However during the past hours Theresa May’s latest setback on Brexit, with the resignation of her chief negotiator, the death of a woman exposed to the Novichok nerve agent and Japan’s torrential rains also took their share of headlines.… Be Informed
AFP: Ten people were killed and 73 injured on Sunday when a train packed with weekend passengers derailed in northwest Turkey, the health ministry said.
The train, with over 360 people on board, was travelling from the Edirne region on the Greek and Bulgarian borders to Istanbul’s Halkali station when six of its carriages derailed in the Tekirdag region.… Be Informed
AP/Aljazeera: The 8-year-old Syrian girl, quietly crying in an Istanbul clinic, was overwhelmed by the new set of prosthetic legs she had just received and taken aback by the cameras pointed at her by journalists attending the fitting.
… Be InformedMaya Meri has been in the spotlight since images of her plight hit social media last month.