The Turkish Reporter Sentenced to 22 Years — for a Magazine Cover

Cevheri Güven and his family watched the coup attempt unfold in Turkey on July 15, 2016, from their home near Istanbul’s Bosporus Strait. Acting on a hunch that he might be targeted by the government, Güven went into hiding in a friend’s home as soon as the smoke cleared. Güven had been targeted by the […]

Turkish court lifts house arrest, travel ban of detained US pastor Andrew Brunson

Published time: 12 Oct, 2018 13:42 Edited time: 12 Oct, 2018 13:50 A Turkish court will release imprisoned US pastor Andrew Brunson, who was jailed for alleged terror links following 2016’s failed coup attempt. Brunson’s arrest has soured US-Turkish relations, with Trump pushing for his release. The court passed a 3 years and 1-1/2 month […]

Turkish Airlines Rolls Out New Cabin Crew Uniforms

Turkish Airlines Rolls Out New Cabin Crew Uniforms Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]

Why Argentine orthodoxy has worked no better than Turkish iconoclasm

WHEN an emerging market loses favour with its creditors, how should its government respond? The policy prescriptions do not typically include intimidating the central bank, railing against the “interest-rate lobby”, falling out with allies, eschewing the IMF’s help, pouring scorn on the dollar or appointing the president’s son-in-law as finance minister. Turkey has done all […]

Turkish police arrest another German citizen – reports

Turkish police have arrested another German citizen, Reuters reported Thursday, citing a German Foreign Ministry source. “We’re aware of the case. The embassy in Ankara will initiate consular assistance,” the source said. Public broadcaster ARD also said the man had been accused of “terrorist propaganda” after criticizing the Turkish government on social media. The arrest […]

India’s rupee hits an all-time low as the Turkish lira crisis spills over to other currencies

Thomson Reuters The Indian rupee briefly fell to an all-time low of 70.1 per US dollar in Tuesday trade. Indonesia’s currency also fell to a multi-year low as government ministers discussed strategies to prop up the currency. JP Morgan’s emerging markets foreign exchange index is on track for its biggest monthly fall in six years. […]

Fallout from the Turkish lira’s meltdown is starting to spread to markets around the world

Matt Dunham – WPA Pool/Getty Images Global markets are under pressure following the plunge in the Turkish lira late last week. The lira’s fall continued in Asian trade on Monday — it plunged as much as 10% when markets opened. The weakness is starting to spread to other emerging market currencies, with the South African […]

Turkish lira plummets to all-time low as US sanctions begin to bite

Investors are dumping Turkey’s national currency, the lira, after Washington imposed sanctions relating to the trial of an American pastor accused of backing terrorism. The lira hit an all-time low of 5.11 versus the dollar on Friday after the US sanctioned two of President Recep Tayyip Erdogan’s ministers who played a key role in detaining […]

The US slapped sanctions on 2 top Turkish officials over their role in detaining an evangelical pastor

Evan Vucci/AP The US imposed sanctions on two top Turkish officials on Wednesday in a long-standing dispute over Turkey’s detention of the American pastor, Andrew Brunson.  The White House said President Donald Trump personally ordered the sanctions.  Brunson was arrested in 2016 and has been accused of orchestrating a failed military coup attempt against Turkish President […]