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He pours a bottle filled with a mixture of water and olive oil into the pants, and then with a few firm tugs on the waistband and a wiggle of the hips, he’s in. Koca is one of hundreds of wrestlers competing at this year’s Kirkpinar Oil Wrestling Festival in northwestern Turkey. The sport is similar to regular wrestling, except here, the competitors are covered head to toe in olive oil. Record breakerThe annual Kirkpinar Oil Wrestling Festival has been running for more than 600 years. Participants are doused in olive oil before taking part.
Persons: Cem Tekkesinoglu, Orhan Ghazi, , Abdullah Basar, ” Basar, , Mustafa Kemal Ataturk, Filiz, Ferda Demir, Koca, They’ve, , Hakan Mehmet Sahin, Basar, ‘ I’ve, ’ ”, I’ve, ” Akin, ” Guray Ervin, Tanem Zaman Organizations: CNN, Turkey CNN, Oil Wrestling, Anadolu Agency, Oil, Getty, Olympic, 663rd, “ Wrestling Locations: Edirne, Turkey, Koca, Anadolu, Republic of Turkey
None of these women are real — everything about them, even the emotion that flickers across their faces, is generated by artificial intelligence (AI), for the world’s first ever AI beauty pageant. Fanvue World AI Creator AwardsEach of the contestants has a unique and distinctive personality, as well as face. But, echoing the reality of most modern Miss USA beauty pageant winners since the competition’s inception in 1921, most are White, thin and have long hair and symmetrical features, detailed Hilary Levey Friedman — a sociologist and author of “Here She Is: The Complicated Reign of the Beauty Pageant in America” — in a phone interview. Fanvue World AI Creator AwardsCreators of these AI models add that the technology itself is not necessarily the problem. Fanvue World AI Creator Awards“Influencers are just behind a screen,” Mohammad Talha Saray, one of Seren Ay’s creators, said.
Persons: ” Dr Kerry McInerney, Lalina, Turkey’s, Kemal Ataturk, Anne Kerdi, Zara Shatavari, Hilary Levey Friedman, Aiyana, McInerney, “ They’re, they’re, they’re compling, ” Aiyla Lou, “ DALL, Furkan Sahin, Seren, , Sally, Ann Fawcett, “ there’s, , ” Fawcett, Asena, Sahin, Sofía, ” Eliza Khan, Levey Friedman, “ There’s, Merriam, Novales, Aitana, Lil Miquela, Calvin Klein, ” Mohammad Talha Saray, there’s, Anne Kerdi’s, Sébastien Keranvran, Anne, ” Anne Kerdi, Anne goodnight, Fanvue, it’s Organizations: CNN, Leverhulme Centre, Intelligence, University of Cambridge, Pageant, America ”, Miss, Prada Locations: French, Kyoto, Japan, Brittany, France, Miss USA, America, Brazil, Morocco
Beyond the sputtering Turkish economy – many pundits blamed the electoral setback on his stance on Israel and its war in Gaza. There are no sanctions, no concrete steps taken, trade with Israel still continues,” said New Welfare’s leader Fatih Erbakan in March. For Erdogan, ‘Hamas is Palestine’Experts say the comment made by Erdogan in the presence of the Greek leader may have in fact been intended for an audience closer to home. Chris McGrath/Getty Images“For Erdogan, Hamas is Palestine. Turkish President Recep Tayyip Erdogan (C) and state officials in Ankara, Turkey on October 29.
Persons: Recep Tayyip Erdogan, , Hitler, Erdogan, Erdogan’s, , Fatih Erbakan, Israel, Seda, “ Erdogan, Ismail Haniyeh, Handout, Murat Cetinmuhurdar, ” Erdogan, Kyriakos Mitsotakis, ” Mitsotakis, misspoke, Gazans, , Evren Balta, Chris McGrath, ” Balta, Ozgur Ozel, Mustafa Kemal Ataturk, , Ekrem Imamoglu, they’ve, Fabrice Pothier, Jens Stoltenberg, Akif Cagatay Kilic, Haniyeh “, hasn’t, Benjamin, Netanyahu –, isn’t, Hakan Fidan, Fidan, Antony Blinken, Adem Altan, Balta, Turkey isn’t, Pothier, it’s Organizations: Turkey CNN, Palestinian, NATO, New Welfare, New, Isik University, CNN, Welfare, Israel, International Court of Justice, of Independence, Anadolu, Getty, TRT, Greek, , Turkish Ministry of Health, Ozyegin University, West Bank, CHP, Rasmussen Global, German Press Agency, Hamas, Turkish, Qatar, Turkish Foreign Ministry Locations: Istanbul, Turkey, Gaza, Israel, Turkish, of, Ankara, , , Palestine, NATO, Palestinian, Washington, Tehran, AFP, Iran, Qatar
Turkey's inflation accelerates to nearly 70% in April
  + stars: | 2024-05-03 | by ( Natasha Turak | ) www.cnbc.com   time to read: +1 min
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April's inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. But any hopes of interest rate cuts are a long way off, economists said. Turkey's central bank has hiked its key interest rate to 50%, citing the continuing need to counter climbing inflation in the country.
Persons: Kemal Ataturk, April's, Liam Peach Organizations: Turkish, Turkish Statistical Institute, Economics Locations: Turkish, Sisli, Istanbul, Turkey, London
As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesTurkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. This is odd but also shows how important it is to win Istanbul," Tunca said. Major Turkish cities like Istanbul and the capital Ankara will be key races to watch. Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.
Persons: Recep Tayyip Erdogan, Imamoglu, Erdogan, People's Party's, Murat Kurum, Arda Tunca, Volodymyr Zelenskiy, Tayyip Erdogan, Umit Bektas, Tunca, Kristin Ronzi, RANE, Erdogan's, Ekrem İmamoğlu, Hakan Akgun, Turkey's, Ronzi Organizations: Getty, Istanbul, sympathizing, Development Party, AK Party, Imamoglu, AK, CNBC, European Union, NATO, Reuters, Party, Imamoglu's CHP, Turkey's, CHP Locations: Istanbul, Turkey, Ukraine, Russia, Arab, Turkish, Ankara, East, North Africa
At the center of that growth are newer genres of Afrobeats — the renowned blend of distinct West African music styles — and amapiano, which fuses South African kwaito with African jazz, house music and soulful vocals. The 2022 track became the first led by an African artist to hit 1 billion Spotify streams and has the record for the most weeks — 64 — spent on Billboard’s Pop Airplay chart. And some tracks meld the genres under the African music umbrella. That reach is particularly interesting considering that African music is produced for its people, embodying all aspects of their lives from their culture and experiences to their struggles, LeriQ says. The continent leads mobile device web traffic in the world, according to the U.S. International Trade Administration, translating to more market opportunities for artists.
Persons: , Burna Boy’s, Rema’s, Selena Gomez, , Joey Akan, , Burna, , Musa Keys, Boy, Istanbul's, Rema, Davido, Tina Davis, Olamide's, Angélique Kidjo, LeriQ, Nay, Mitego, Chika Anene, gatekeepers, Eric Wainaina, G’bemi Ereku, Nigeria —, Jhello, ” ___ Mureithi, Maria Sherman Organizations: FIFA, International Federation of, Phonographic Industry's, Spotify, Afrobeats Intelligence, UEFA Champions League, Pew Research, U.S . International Trade Administration, United, Afro Nation, AP Locations: ABUJA, Nigeria, Nigerian, Saharan Africa, African, South Africa, Africa, Tanzania, Abuja, Kenyan, Lagos, United States, Statista, Nairobi, Kenya, Johannesburg, Los Angeles
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
Turkish-made Bayraktar TB2 drones were a valuable weapon for Ukraine after Russia invaded last year. The TB2 drone has lost much of its utility as Russia's military has adapted to its use, however. AdvertisementA Bayraktar TB2 at a military base in Ukraine in March 2019. Press Office of the President of Ukraine / Mykola Lararenko / Handout/Anadolu Agency/Getty ImagesBaykar has supplied at least 50 TB2 drones to Ukraine to date. Baykar's Bayraktar Akinci drone on display at Istanbul's Ataturk Airport in April.
Persons: , Haluk Bayraktar, Mykola Lararenko, Col, Volodymyr Valiukh, Ali Bakir, Haluk, Bakir, James Rogers, Rogers, Oguz Yeter, Paul Iddon Organizations: Service, Press, Anadolu Agency, Getty, Ukrainian, Ukraine's Main Intelligence, Business, Baykar, Cornell Brooks School Tech Policy Institute, Istanbul's, Airport Locations: Ukraine, Russia, Turkish, Russian, Kyiv, Ukraine's, Turkey, Ukrainian, Ankara, Syria, Libya, Nagorno, Karabakh, Ethiopia
Murat... Acquire Licensing Rights Read moreANKARA, Nov 10 (Reuters) - Turkish President Tayyip Erdogan waded into a brewing judicial crisis on Friday, criticising the Constitutional Court for "many mistakes" and backing an unprecedented challenge to it by an appeals court, as opponents marched in Ankara. In a twist - which critics said highlighted the diminished state of Turkey's legal system - the top appeals court said the Constituional Court's ruling was unconstitutional. "The Constitutional Court cannot and should not underestimate the step taken by the Court of Cassation on this matter," he said. They were headed to the appeals court and video showed they were briefly delayed by police. "The Court of Cassation's backlash (...) is an open and combative attack against the Constitutional Court," said Bertil Oder, professor of constitutional law at Koc University.
Persons: Tayyip Erdogan, Ozgur Ozel, Mustafa Kemal Ataturk, Murat, Tayyip Erdogan waded, Erdogan, Osman, Bertil Oder, intimidates, Ezgi Erkoyun, Jonathan Spicer, Emelia Sithole Organizations: Republican People's Party, Cassation, Constitutional, AK Party, Union, Koc University, Thomson Locations: Ankara, Turkey, ANKARA, Uzbekistan
Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu attends a swearing-in ceremony as he is accompanied by Ozgur Ozel at the Turkish parliament in Ankara, Turkey, June 2, 2023. REUTERS/Umit Bektas/file photo Acquire Licensing RightsANKARA, Nov 4 (Reuters) - Turkey's main opposition Republican People's Party (CHP) on Sunday elected Ozgur Ozel as its new leader, ending a 13-year term for incumbent Kemal Kilicdaroglu, as the country gears up for local elections next March. Ozel, 49, has been serving as the CHP's deputy parliamentary group chairman since 2015 and has been a lawmaker since 2011. Ozel, a pharmacist by trade, received 812 of 1,366 possible votes at a tense, hours-long party congress in Ankara that took two rounds. Imamoglu supported Ozel in a push for change at the CHP that has long been bogged down by in-fighting.
Persons: Kemal Kilicdaroglu, Ozgur Ozel, Umit, Tayyip Erdogan, Ozel, Kilicdaroglu, Istanbul Mayor Ekrem Imamoglu, Imamoglu, Erdogan, Mustafa Kemal Ataturk, Ozer Sencar, pollster Metropoll, Sencar, Daniel Wallis, Hugh Lawson, David Evans Organizations: Republican People's Party, Turkish, REUTERS, Rights, Sunday, Istanbul Mayor, CHP, Thomson Locations: Ankara, Turkey, Rights ANKARA, Ozel, Istanbul, Black Sea, Rize, Turkey's
President Tayyip Erdogan submitted the ratification bill for Sweden's NATO membership bid to parliament last month, a move welcomed by Stockholm as it would clear the way for it to join the Western defence alliance. NATO Secretary General Jens Stoltenberg has said he wants a "speedy vote" by Turkey's parliament and that the process was "going well". "Sweden's NATO membership is just one of the international agreements on our agenda waiting for ratification," Oktay told a meeting of lawmakers. The Sweden NATO membership bill must be approved by the committee before a vote by the full parliament, at which point Erdogan would sign it into law. Finland's membership was sealed in April, but Sweden's bid had been held up by Turkey and Hungary.
Persons: Tayyip Erdogan, Ataturk, Cagla, Jens Stoltenberg, Fuat Oktay, Oktay, Erdogan, Sweden's, Huseyin Hayatsever, Jonathan Spicer, Mark Heinrich Our Organizations: REUTERS, Rights, NATO, Sweden NATO, Kurdistan Workers ' Party, Thomson Locations: Anitkabir, Ankara, Turkey, Rights ANKARA, Turkish, Stockholm, Sweden, Finland, Ukraine, Hungary, Kurdistan
Today’s Turkey, however, is starkly different from the secular, Westernized state envisioned by Ataturk 100 years ago. The Turkish republic as imagined by Ataturk was firmly rooted in the West and a quick succession of reforms sought to modernize a population decimated by war. People often express such justification through religion, Murat Somer, a professor of political science at Ozyegin University in Istanbul, told CNN. What Ataturk may have been most proud of in today’s Turkey, however, is its growing influence on the world stage, analysts say. In 1926, after an assassination plot against him was discovered, Ataturk told his new nation: “One day my mortal body will turn to dust, but the Turkish republic will stand forever.”
Persons: Recep Tayyip Erdogan, Erdogan, Mustafa Kemal Ataturk, Ataturk, Hagia Sofia, Ataturk’s, weren’t, Ozel, Murat Somer, , Somer, , Ayse, Ismet Inonu, Power, Ataturk “, ” Somer, Adem Altan, “ I’m, ” Zarakol, ” Ozel Organizations: CNN, Turks, Ataturk, Hagia, Ottomans, Hulton, International Relations, Kadir Has University, Ozyegin University, Republican People’s Party, University of Cambridge, Anitkabir, Sunday, Getty, NATO, East, Central Asia Locations: Istanbul, Turkish, Ottoman, Today’s Turkey, Ottoman Empire, Europe, Russia, Anatolia, Ankara, The Turkish, West, fez, Hagia Sofia, Turkey, Hagia, Kasimpasa, , Ataturk, Turkish Republic, AFP, today’s Turkey, Ukraine, Central
Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, October 25, 2023. Political analysts said his planned address in Istanbul aimed to reinforce his growing criticism of Israel's bombardment of the Gaza Strip and to overshadow Sunday's celebrations marking Turkey's secular roots. Turkey has condemned Israeli civilian deaths caused by Hamas's Oct. 7 rampage through southern Israel, but Erdogan this week called the militant group Palestinian "freedom fighters". ATATURK LEGACYThis week, Erdogan invited all Turks to attend the rally where he said "only our flag and the Palestine flag will wave". Erdogan, Turkey's longest-serving leader, and his Islamist-rooted AK Party have eroded support for the Western-facing ideals of Ataturk, who is revered by most Turks.
Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Erdogan, Israel, Sinan Ulgen, Ulgen, ATATURK, Mustafa Kemal Ataturk, Turkey's, Ataturk, Asli Aydintasbas, Gumrukcu, Jonathan Spicer, Helen Popper Our Organizations: AK Party, Turkish, REUTERS, Hamas, Gaza, Hamas's, Jerusalem, NATO, European Union, Centre for Economic, Foreign Policy Studies, Brookings, Thomson Locations: Ankara, Turkey, Handout, Israel Turkey, ISTANBUL, Israel, Istanbul, Italy, Turkish, Palestine, Washington
The bid from the UK and the island of Ireland stood unopposed after Turkey decided to withdraw its entry in order to co-host Euro 2032 with Italy. Euro 2028 will be held across 10 venues – six in England, one in Wales, one in Scotland, one in Northern Ireland and one in the Republic of Ireland. The stadiums included in the bid are Cardiff’s Principality Stadium, Wembley Stadium and Tottenham Hotspur Stadium in London, Manchester City’s Etihad Stadium, Newcastle’s St. James’ Park, Villa Park in Birmingham, Glasgow’s Hampden Park and Dublin’s Aviva Stadium. England and Scotland both staged games for Euro 2020, but 2028 will be the first time that Northern Ireland, Ireland and Wales host a major soccer tournament. John Sibley/Pool/Getty ImagesLondon’s Wembley Stadium hosted the Euro 2020 final between England and Italy, a match marred by fan trouble.
Persons: Aleksander Čeferin, James ’, John Sibley, Istanbul’s Organizations: CNN, European, UEFA, Republic of Ireland, Wembley Stadium, Tottenham Hotspur, Manchester City’s Etihad, Villa Park, Dublin’s Aviva, Casement, Wales, Italy, Wembley, Football Association, Istanbul’s Ataturk, League Locations: Republic of Ireland, Italy, Turkey, Ireland, England, Wales, Scotland, Northern Ireland, Republic of, Cardiff’s, London, Newcastle’s St, Villa, Birmingham, Belfast, Germany
[1/5] Turkey's President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer recess in Ankara, Turkey, October 1, 2023. On Sunday morning, two attackers detonated a bomb near government buildings in Ankara, killing them both and wounding two police officers. It launched an insurgency in southeast Turkey in 1984 and more than 40,000 people have been killed in the conflict. It said the attackers had hijacked the vehicle and killed its driver in Kayseri, a city 260 km (161 miles) southeast of Ankara. Turkey's armed forces have in recent years conducted several large-scale military operations in northern Iraq and northern Syria against Kurdish militants.
Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Abdul, Latif Rashid, Ali Yerlikaya, Yerlikaya, Yasar Guler, Huseyin Hayatsever, Robert Birsel, Jonathan Spicer, Mark Heinrich, Alex Richardson Organizations: REUTERS Acquire, Kurdistan Workers Party, United Nations, Iraq, European Union, Reuters, PKK, Counterterrorism, Immortals Battalion, Kurdish, Islamic, Defence, Thomson Locations: Turkish, Ankara, Turkey, Handout, Iraq, Iraq ISTANBUL, Istanbul, Iraq's, Gara, Kurdistan, United States, Kayseri, Kurdish, Ataturk, Islamic State, Syria
[1/5] Turkey's President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer recess in Ankara, Turkey, October 1, 2023. Murat Cetinmuhurdar/PPO/Handout via REUTERS Acquire Licensing RightsSummary Air strikes destroy 20 militant targets in Iraq, Turkey saysPKK group earlier claimed responsibility for Ankara attackIt was the first such attack in Ankara in yearsISTANBUL, Oct 2 (Reuters) - Turkish air strikes in north Iraq late on Sunday "neutralised" many Kurdish militants and destroyed their depots and shelters, Turkey's defence ministry said, hours after a Kurdish group claimed responsibility for a bomb attack in Ankara. The outlawed Kurdistan Workers Party (PKK) militant group claimed responsibility for the attack. The bomb killed one attacker and authorities killed the other, the interior minister said. It launched an insurgency in southeast Turkey in 1984 and more than 40,000 people have been killed in the conflict.
Persons: Tayyip Erdogan, Murat Cetinmuhurdar, Daren Butler, Robert Birsel Organizations: REUTERS Acquire, Kurdistan Workers Party, Reuters, Immortals Battalion, European Union, Renault, Turkish, Islamic, Thomson Locations: Turkish, Ankara, Turkey, Handout, Iraq, ISTANBUL, Gara, United States, Ataturk, Kayseri, Islamic State
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
Scuffles broke out on Friday between U.N. peacekeepers and Turkish Cypriot security personnel when peacekeepers tried to prevent roadworks starting in an area the U.N. says is part of a buffer zone under its jurisdiction. Erdogan also said Turkey will continue to side with the Turkish Republic of Northern Cyprus (TRNC), a breakaway state recognised only by Ankara. Turkish Cypriot authorities want to build a road that would give residents of Pyla/Pile, a village in the U.N.-administered buffer zone, direct access to territory under Turkish Cypriot control. Turkish Cypriot authorities say the peacekeeping force, known as UNFICYP, overstepped its boundaries. Turkish Cypriot leader Ersin Tatar characterised the road project as essential.
Persons: Tayyip Erdogan, Anitkabir, Mustafa Kemal Ataturk, Erdogan, Scuffles, Ersin Tatar, Ezgi, Jonathan Oatis Organizations: Supreme Military Council, Presidential Press, REUTERS, Rights, United Nations, Peacekeeping Force, Turkish Cypriot, Thomson Locations: YAS, Ankara, Turkey, Rights ISTANBUL, Cyprus, Pyla, U.N, Turkish, Turkish Republic of Northern Cyprus, Turkish Cypriot
Saudi Arabia and the UAE have signed multibillion-dollar deals for Turkish drones in recent months. Azeri Ministry of DefenseSaudi Arabia previously showed interest in procuring Turkish drones and securing rights for local production. Bakir told Insider that Turkish drones have gained "global recognition" due to their "affordability, efficiency, and lethal capabilities" and documented successes over modern battlefields. "Moreover, Saudi Arabia could use such capabilities to balance Iran's drone technology in the long run," Ozeren said. Ozeren said the Saudi deal could help Baykar "monopolize" drone technology in Turkey but noted that crucial details about the agreement remain unknown.
Persons: Recep Tayyip Erdogan, Baykar, Abu Dhabi's, Loong, Loongs, Abu Dhabi, Abu, Ali Bakir, Erdogan, Mohammed bin Salman, Murat Kula, Bakir, Suleyman Ozeren, It's, Ozeren, Ali Atmaca, Sheikh Mohammed bin Zayed, Murat Centinmuhurdar, Bashar Assad, Paul Iddon Organizations: UAE, Service, United, United Arab Emirates, Turkey's Baykar Defense, Ministry of Defense, Anadolu Agency, Getty, Dassault Rafales, Ibn Khaldon, NATO, European Union, American University, Orion Policy Institute, Ataturk Airport, Security Initiative, Atlantic Council Locations: Saudi Arabia, Wall, Silicon, United Arab, Turkish, Riyadh, East, North Africa, South Caucasus, Ukraine, Armenian, Ministry of Defense Saudi Arabia, Republic of Turkey, Kuwait, UAE, Saudi, Istanbul, Yemen, Libya, Abu, Turkey, China, France, Qatar, Jeddah, Anadolu, Nahyan, Abu Dhabi
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
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
Ilkay Gundogan (C) of Manchester City lifts the UEFA Champions League trophy after the team's victory in the UEFA Champions League 2022/23 final match against Inter at Ataturk Olympic Stadium. Manchester City completed the treble with a hard-fought 1-0 win over Inter Milan in the Champions League final in Istanbul. Having already overhauled Arsenal to retain the Premier League trophy and beaten Manchester United to lift the FA Cup at Wembley, this victory saw them match the achievement of their city rivals in 1999. City's task was made more difficult when Kevin De Bruyne trudged off injured in the first half, the second time in three seasons that he has departed a Champions League final with the game in the balance. The midfielder measured his finish, bending it beyond two Inter defenders and into the corner of the net to break the deadlock.
Persons: Ilkay Gundogan, Federico Dimarco, Ederson, Pep Guardiola, Kevin De Bruyne trudged, Rodri, Erling Haaland, Lukaku, Edin Dzeko, Lautaro Martinez, Manuel Akanji, Guardiola, Akanji, Bernardo Silva Organizations: Manchester City, UEFA Champions League, UEFA Champions, Inter, Ataturk, Inter Milan, Champions League, Ataturk Olympic, Arsenal, Premier League, Manchester United, Wembley, Guardiola Locations: Manchester, Istanbul, Rodri's, Romelu Lukaku, City, Europe, Turkey
This was not only a night when City won its first Champions League. In beating three-time champion Inter, Pep Guardiola’s side became only the second English team to achieve the treble, winning the Premier League, FA Cup and Champions League in the same season. Rodri pictured scoring the winner which secured City the Champions League trophy. Manchester City has won the Premier League, FA Cup and Champions League this season. Will City dominate the Champions League like it has the Premier League?
Persons: Manchester City’s, Sheikh Mansour bin Zayed Al Nahyan, Pep, Alex Ferguson, Shaun Botterill, Bernardo Silva, Erling Haaland, André Onana, Nicolò Barella, Ederson, Rodri, Federico Dimarco’s, Romelu Lukaku, Catherine Ivill, Sheikh Mansour –, , ” Guardiola, Guardiola, , , Martin Rickett, Abu, Umit Bektas, Jack Grealish, I’ve Organizations: CNN, Manchester, Abu Dhabi United Group, Champions League, Inter Milan, City, Inter, Premier League, FA, Manchester United, City . Manchester City, League, Monaco, Tottenham, Real Madrid, BT Sport, Inter’s, Etihad, Reuters Locations: Istanbul, Europe, City . Manchester, Liverpool, Lyon, Chelsea, Manchester City, Abu Dhabi, Will City, Barcelona
[1/17] Soccer Football - Champions League Final - Manchester City v Inter Milan - Manchester City fans at Manchester's 4TheFans Fan Park for the Champions League Final - Manchester, Britain - June 10, 2023 Manchester City fans celebrate after winning the Champions League final Action Images via... Read moreSummary City beat Inter 1-0 to win club's first Champions LeagueRodri scores 68th minute winner for Guardiola's sideVictory completes treble with FA Cup and Premier LeagueISTANBUL, June 10 (Reuters) - Manchester City finally expanded their domestic domination across the continent as they beat Inter Milan 1-0 with a second-half Rodri goal to win the Champions League for the first time and complete a rare treble on a nervous Saturday evening. An eruption of joy greeted the final whistle with City's players sprinting towards their fans in the Ataturk Stadium. It belongs to us," said City manager Pep Guardiola. City may have experienced a horrible sense of deja vu as chief playmaker De Bruyne also failed to finish the final two years ago when City fell short against Chelsea. It was City's night, and the celebrations will be long and loud, while for Inter there was no repeat of their surprise 2010 win over Bayern Munich.
Persons: club's, Ederson, Pep Guardiola, Kevin De Bruyne, De Bruyne, Erling Haaland, Rodri, Guardiola, City's, Sheikh Mansour, Noel, Liam Gallagher, jinx, Simone Inzaghi's, Matteo Darmian, Francesco Acerbi, Alessandro Bastoni, Haaland, Andre Onana, Manuel Akanji, Lautaro Martinez, selfishly, Romelu, Bernardo Silva, Federico Dimarco, Edin Dzeko, Lukaku, Martyn Herman, Ken Ferris, Ed Osmond Organizations: Soccer Football, Manchester City, Inter Milan, Champions, League, City, Inter, FA Cup, Premier League ISTANBUL, Premier League, FA, Champions League, Manchester, Chelsea, BT Sport, Oasis, Real Madrid, Bayern Munich, Roma, Sevilla, Europa League, Fiorentina, West Ham United, Europa Conference, Thomson Locations: Manchester, Britain, Spanish, Barcelona, Real, Liverpool, Porto, Brazilian
On May 25, 2005, Liverpool and AC Milan contested the Champions League final at the Atatürk Olympic Stadium, which also hosts this year’s showpiece between Manchester City and Inter Milan. What happened in the second half, however, made the 2005 Champions League final the mother of all “I was there” moments. Rafael Benítez’s men emerged for the second half looking like an entirely different team, one full of belief that played with courage and purpose. “I think the most asked question is: ‘What happened at half time?’” Hyypia said. We have to give the fans something to cheer about in the second half, many of them have traveled a long way – even in cars to Istanbul to support us.
Persons: CNN — It’s, Paolo Maldini’s, Hernan Crespo, Sami Hyypia, Carlo Ancelotti, FILIPPO MONTEFORTE, Steven Gerrard, Liverpool’s, Xabi Alonso, Rafael Benítez’s, ” Hyypia, “ I’ve, I’ve, , Rafa Benítez, , , Gerrard, gee, – Hyypia, Hyypia, Jerzy, Dudek, Andriy, Shevchenko, Jerzy Dudek, MUSTAFA OZER, Dida, Xabi, ” Dida Organizations: CNN, “ Istanbul ”, AC Milan, Champions League, Manchester City, Inter Milan, Liverpool, League, CNN Sport, , Milan, Getty, Reds, AFP, Man City, Inter Locations: Liverpool, Istanbul, , Milan, Italian, AFP
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