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☆ The extraordinary ancient secret places hidden under Turkey
▼ + stars: | 2024-04-23 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Less obviously visible but equally impressive are the historical treasures, some more than 12,000 years old, that can be found underground. Unlike the Basilica, this underground chamber was completely forgotten about until less than 15 years ago. Other than locals herding their livestock through the ruins of a garrison city dating to the 6th century, few people went there. Now, the site has given up numerous treasures including rock-cut tombs, an olive processing workshop and a series of underground cisterns. Yeraltı, literally meaning underground, was originally a dungeon in the basement of a fort built by the Byzantines in the 8th century CE.

Persons: James Bond, Theodosius II, Theodosius, Derinkuyu, tufa, émigrés, Han, Rümeli Han, Sarıcazade Ragıp Pasha, Sultan Abdülhamid II’s, Sancaklar, Göbeklitepe, Yeraltı, –, Fatih Sultan Mehmet, Grand Vizier Bahir Mustafa Paşa, dervish Organizations: CNN, Love, UNESCO, Şanlıurfa Archaeology Locations: Turkey, Europe, Asia, Russia, Faith, Istanbul, Constantinople, Fatih, Belgrade Forest, Valens, Dara, Mardin, Nevşehir, Cappadocia, Derinkuyu, Taksim, stairwells, Sancaklar, Büyükçekmece, Mecca, Göbeklitepe, everyone’s, Şanlıurfa, Karaköy, Yeraltı, Ottoman, Grand

☆ Turkey's central bank hikes interest rate by 500 basis points to 40%, well above expectations
▼ + stars: | 2023-11-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Turkey's central bank on Thursday hiked its key interest rate, the benchmark one-week repo rate, by another 500 basis points to 40%. The move was seen as a continuation of the bank's attempt to combat high inflation and a falling lira , the Turkish currency. Timothy Ash, emerging markets strategist at BlueBay Asset Management, was one of the few experts who expected a 500-basis-point hike. "Really impressive move by the CBRT [Central Bank of the Republic of Turkey] - probing their orthodoxy and getting well ahead of expectations," he said in a note.

Persons: Turkey's, Kemal Ataturk, Timothy Ash Organizations: Turkish, BlueBay Asset Management, Central Bank of, greenback Locations: Turkish, Republic of Turkey, Ankara

☆ Turkey allows decades-old mothers' vigil after five-year ban
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

The resumption of the "Saturday Mothers" vigil comes after Interior Minister Ali Yerlikaya on Wednesday said the government had "good intentions" and a peaceful solution would be found over the issue, responding to questions by opposition lawmakers during a parliamentary session. The group's protest, involving around 10 people and held at Galatasaray Square near the Taksim district in central Istanbul, was its 972nd such vigil, it said in a statement on social media platform X. "We will not stop searching for all our missing people and demanding that the perpetrators be tried and punished," it said. However the Constitutional Court in February ruled that the right to organise demonstrations of some members of the group had been violated. Reporting by Huseyin Hayatsever; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Ali Yerlikaya, Huseyin Hayatsever, David Holmes Organizations: Human Rights Association, Galatasaray Square, Thomson Locations: Istanbul, Turkey, ANKARA, Taksim

☆ Turkey's central bank hikes interest rate to 30%
▼ + stars: | 2023-09-21 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Turkey's central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation. Traditional economic orthodoxy holds that rates must be raised to cool inflation, but Erdogan — a self-declared "enemy" of interest rates who calls the tool "the mother of all evil" — vocally espoused a strategy of lowering rates instead. After starting on its hiking path, the central bank in July stated its aim to get inflation down to 5% in the medium term — an ambitious forecast, as Turkey's annual inflation jumped to near 59% in August. Ankara now expects annual inflation to reach 65% at the end of 2023, up from a forecast of 24.9% a year ago.

Persons: Turkey's, Kemal Ataturk, Recep Tayyip Erdogan, Erdogan —, — Organizations: Turkish, greenback Locations: Ankara, Istanbul, Turkey

☆ Turkey's central bank raises interest rate less than expected, to 17.5%
▼ + stars: | 2023-07-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Turkey's central bank on Thursday hiked its key interest rate by 250 basis points to 17.5%, coming in below analyst forecasts of 500 basis points as the country's monetary policymakers embark on a long and painful mission to tackle double-digit inflation. "Monetary tightening will be further strengthened as much as needed in a timely and gradual manner until a significant improvement in the inflation outlook is achieved," the bank said in a statement, following its interest rate decision. In its statement Thursday, the central bank reiterated its aim to get inflation down to 5% in the medium term — which many economists see as unrealistic at this rate. Traditional economic orthodoxy holds that rates must be raised to cool inflation, but Erdogan — a self-declared "enemy" of interest rates who calls the tool "the mother of all evil" — vocally espoused a strategy of lowering rates instead.

Persons: Turkey's, Kemal Ataturk, Recep Tayyip Erdogan, Erdogan —, — Organizations: Turkish Locations: Turkey

☆ Police detain 50 after Pride march in Istanbul
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +2 min

[1/4] Turkey's LGBT+ community gather for a pride parade, banned by local authorities, in central Istanbul, Turkey, June 25, 2023. REUTERS/Dilara SenkayaISTANBUL, June 25 (Reuters) - Turkish police detained at least 50 people on Sunday after Istanbul's LGBT community held their annual Pride march. They chanted slogans while organisers read a statement to mark Pride week. "We don't accept this hate and denial policy," Istanbul LGBTI+ Pride Week said in their statement. In the coastal city of Izmir, the country's third largest, police detained at least 44 people on Sunday after authorities banned the Pride march, Istanbul LGBTI+ Pride Week said.

Persons: Tayyip Erdogan, Erdogan, Davut Gul, Dilara, Huseyin Hayatsever, Giles Elgood Organizations: REUTERS, Turkish, Sunday, Pride, Police, Amnesty, Twitter, Bulent Usta, Thomson Locations: Istanbul, Turkey, Dilara, ISTANBUL, Mistik Park, Sisli, Izmir

☆ Turkish lira sinks to fresh lows following the central bank's interest rate hike
▼ + stars: | 2023-06-23 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Turkey's Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. The Turkish lira sank to new record lows after Turkey's central bank raised the country's benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The central bank lifted its key interest rate by almost double, from 8.5% to 15% Thursday, marking the country's first hike since March 2021. The lira — which has been extending its plunge since President Recep Tayyip Erdogan's reelection — was last trading at 24.97 against the greenback. Newly appointed Governor Hafize Gaye Erkan hinted at more hikes until the inflation situation in the country improves.

Persons: Turkey's, Kemal Ataturk, Recep Tayyip Erdogan's, —, Steve Hanke, Hafize Gaye Erkan, Erkan Organizations: Turkish, Johns Hopkins University

☆ U.S. issues another warning of possible terrorist attacks in Turkey
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, Jan 30 (Reuters) - The U.S. embassy in Turkey warned Americans on Monday of possible attacks against churches, synagogues, and diplomatic missions in Istanbul, marking its second such notice in four days, following Koran-burning incidents in Europe. In an updated security alert, the U.S. embassy said "possible imminent retaliatory attacks by terrorists" could take place in areas frequented by Westerners, especially the city's Beyoglu, Galata, Taksim, and Istiklal neighbourhoods. On Friday, several embassies in Ankara including those of the United States, Germany, France and Italy issued security alerts over possible retaliatory attacks against places of worship, following separate incidents in which the Muslim holy book, the Koran, was burned in Sweden, Netherlands and Denmark. On Saturday, Turkey warned its citizens against "possible Islamophobic, xenophobic and racist attacks" in the United States and Europe. Reporting by Ezgi Erkoyun; Editing by Jonathan Spicer and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ The tunnels and bridges linking Asia to Europe
▼ + stars: | 2022-12-26 | by ( Lisa Morrow | ) edition.cnn.com time to read: +11 min

Sometimes called FSM Köprüsü, it’s another gravity-anchored steel suspension bridge similar in length to the First Bridge and costing a similar toll fee to use. Yavuz Sultan Selim BridgeThe Yavuz Sultan Selim Bridge opened in 2016. irina lepnyova/Adobe StockIn 2016, a third suspension bridge opened up across the Bosphorus, near the Black Sea. With a 58.8-meter-wide single deck slab, it is the world’s widest suspension bridge, able to carry eight lanes of traffic and a double-track railway line. Çannakale 1915 BridgeThe 1915 Canakkale Bridge has the world's longest suspension bridge span. Measuring just short of 2.3 miles, it now claims the world record for the longest suspension bridge span.

Persons: peters, Fatih, Fatih Sultan Mehmet Bridge, Bridge, Fatih Sultan Mehmet, Mehmet the Conqueror, King Darius I, Yavuz Sultan Selim Bridge, Sultan Selim Bridge, irina lepnyova, Yavuz Sultan Selim, Tershanesi, It’s, OZAN KOSE, Sabiha, Sultan Abdülmecid I, Abdul Hamid II, Çeşmesi, Ryzhkov Aleksandr Organizations: Istanbul CNN, CNN, Istanbul Marathon, Adobe, Horn, Anadolu Agency, Getty, Atatürk Airport, Istanbul Kart, Ferries, Princes Locations: Istanbul, Bosphorus, Marmara, Europe, Asia, Princess, Photosensia, Turkish Republic, Ortaköy, Fatih Sultan, mehmet, Constantinople, Byzantine, Hısarüstü, Kavacık, Anatolia, Canakkale, Gelibolu, Lapseki, Turkey, OZAN, AFP, Kazlıçeşme, Göztepe, Istanbul’s, Eurasia, Ryzhkov, ’, Ottoman, Princes ’, Sirkeci, Bursa, Yalova, Mudanya, Taksim

☆ Six dead, at least 81 injured in Istanbul blast and Turkish President Erdogan says it 'smells like terrorism'
▼ + stars: | 2022-11-13 | by ( ) www.cnbc.com time to read: +3 min

View of ambulances at the scene after an explosion on busy pedestrian Istiklal street in Istanbul, Turkey, November 13, 2022. Six people were killed and 81 others wounded on Sunday when an explosion rocked a busy pedestrian street in central Istanbul in what Turkish President Tayyip Erdogan called a bomb attack that "smells like terrorism." Some four hours after the blast, Vice President Fuat Oktay and Interior Minister Suleyman Soylu visited the site of the explosion. "We will resolve this matter very soon," Oktay told reporters. Vice President Oktay said, "We are evaluating it as an act of terror".

☆ Erdogan a inaugurat o moschee în piaţa Taksim din Istanbul, la exact 8 ani de la debutul protestelor antiguvernamentale
▼ + stars: | 2021-05-28 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Preşedintele turc Recep Tayyip Erdogan a inaugurat vineri o moschee în piaţa Taksim din Istanbul, prima ridicată în acest loc emblematic unde în urmă cu exact opt ani începeau manifestaţiile care au făcut să se clatine guvernul său islamo-conservator, transmite AFP. Prin această moschee care poate primi 4.000 de credincioşi, Erdogan îşi lasă amprenta durabilă asupra pieţei Taksim şi îşi îndeplineşte un vis vechi de 30 de ani. Încă din anii 1990, pe când era primar al Istanbulului, Erdogan deplângea absenţa unei moschei în piaţa Taksim, observând că singurul edificiu religios vizibil era o biserică ortodoxă situată nu departe. Deşi Turcia este populată majoritar de musulmani, construcţia moscheii, începută în 2017, a suscitat critici, unii acuzându-l pe actualul preşedinte că vrea să 'islamizeze' ţara şi să-l pună în umbră pe fondatorul Republicii, Mustafa Kemal Ataturk. Într-adevăr, impozanta moschee eclipsează de acum 'Monumentul Republicii', o lucrare reprezentând figuri importante ale războiului de independenţă turc, printre care Mustafa Kemal, şi care era până acum atracţia principală din piaţa Taksim.

Persons: îşi, Mustafa Kemal Ataturk, Mustafa Kemal Locations: Istanbul, Istanbulului, Turcia, Republicii, turc

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