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Stock selections from Boyar Research have an annualized average return of 20% over a 7-year period. At Jim Osman's The Edge conference, the president of Boyar Research shared the strategy behind this outperformance. He also explained the thesis behind 3 high-conviction stock ideas that have an upside of 38% or more. At The Edge conference on November 18, Jon Boyar, president of Boyar Research, shared three high-conviction buy ideas that demonstrate three different schools of thought in value investing. Boyar's strategy is simple with an emphasis on reading and curiosity to find stock ideas versus the use of technology screens and algorithms.
Persons: Jim Osman's, It's, Boyar Research's, Jon Boyar, Jim Osman, Boyar Organizations: Research, Alzheimer's Association
The software will enable Piech to update the design of its infotainment system and other software components within minutes, 70% faster than its competitors, Incari CEO Osman Dumbuya said. "It's about speed over size," said Piech Automotive CEO Toni Piech, who co-founded the firm in 2016, at a showing of the vehicle in Berlin on Wednesday. Piech Automotive is due to release its 200,000 euro ($226,620.00) Piech GT model in 2024, with a production target of 10,000 cars a year. Incari's software, Incari Studio, allows users to build digital interfaces in 3D without needing to know how to code, bypassing the need to refer back to software engineers to make edits or changes in design, Dumbuya said. Piech is the first autos manufacturer to use the software at scale, but German software firm Incari is testing protoypes with several major European transport firms, Dumbuya said, declining to provide names.
Persons: Germany's, Osman Dumbuya, Toni Piech, Dumbuya, Piech, Victoria Waldersee, Ana Nicolaci da Organizations: Apple, Piech, Incari, Desten, Thomson Locations: German, Berlin, Ana Nicolaci da Costa
(Reuters) - Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company’s 135-year history. REUTERS/Brendan McDermid/File PhotoThe move by the world’s largest health products company follows similar announcements by conglomerates Toshiba and General Electric and underscores how big, diversified corporations are under pressure to simplify their structures. Johnson & Johnson’s plan to hive off its consumer health business into a publicly traded company echoes a move by GlaxoSmithKline and Pfizer, which also plan to spin off their joint consumer health business next year. German drugmaker Merck KGaA, meanwhile, sold its consumer health division to Procter & Gamble Co in 2018. Johnson & Johnson’s consumer division has faced a spate of lawsuits alleging its talcum powder for babies causes cancer, which the company has denied.
Persons: Johnson, Brendan McDermid, moisturizers, , Joaquin Duato, Johnson’s, drugmaker Merck KGaA, J, , Joseph Wolk, Jeff Jonas, they’ll, Jim Osman Organizations: Reuters, Johnson, U.S, New York Stock Exchange, REUTERS, Toshiba, General Electric, Dow Jones, Johnson’s, Pfizer Inc, Moderna, GlaxoSmithKline, Pfizer, Procter, Gamble Co, Pinnacle, GAMCO Investors, Edge Consulting Locations: U.S, New York, United States, Canada
Rival public consumer companies tend to be valued more richly by investors than the J&J consumer unit, Chief Financial Officer Joseph Wolk added in an interview. “That, quite frankly, was getting lost within Johnson & Johnson,” Wolk said. Johnson & Johnson is following rivals. GlaxoSmithKline and Pfizer plan to spin off their joint consumer health business next year, and German drugmaker Merck KGaA sold its consumer health division to Procter & Gamble Co in 2018. J&J maintains its consumer talc products are safe and confirmed through thousands of tests to be asbestos-free.
Persons: Johnson, moisturizers, ” J, Alex Gorsky, Joseph Wolk, ” Wolk, , Jim Osman, Brendan McDermid, Johnson's, Merck KGaA, ” Morningstar, Damien Conover, J, Jeff Jonas, Wolk Organizations: Reuters, Johnson, Toshiba, J, Dow Jones, Edge Consulting, U.S, New York Stock Exchange, REUTERS, Johnson’s, Pfizer Inc, Moderna, GlaxoSmithKline, Pfizer, Procter, Gamble Co, Sanofi SA, Pinnacle, GAMCO Investors Locations: U.S, New York, United States, Canada
A new start-up is attempting to modernize the investor relations industry to meet the surge of new retail investors. Swedish start-up Quartr recently raised $4.5 million to help build out its product, which includes recordings of earnings calls and financial documents from major companies. The company, which has 23 employees, was founded in 2020 and launched its app earlier this year, CEO Sami Osman said. Osman said that the data uploaded for retail investors to use will be free but there will also be a premium service for companies to use. Osman declined to give the total number of users but said the company had users from 160 countries, with the U.S. being the biggest market.
Persons: Barry Ritholtz, Michael Batnick, Josh Brown —, Peter Sterky, Sami Osman, Osman, Quartr Organizations: Investors, Quartr, CNBC, Spotify, U.S Locations: Swedish
The lira outperformed EM peers, rising 0.7% after a 7.6% drop in October on tensions with the West and monetary policy uncertainty. Tensions between the two nations have ratcheted up over Turkey’s purchase of Russian defence systems, and human rights. Most other EM currencies fell as investors awaited the U.S. Federal Reserve’s two-day meeting set to end on Wednesday, with the bank expected to start tapering pandemic-related stimulus. MSCI’s index of EM shares fell 0.4% with heavyweight China blue-chips and Hong Kong shares down 0.4% and 0.9%, respectively. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Rand, Joe Biden, Tayyip Erdogan, Osman, Biden, Erdogan, Berna Bayazitoglu, Mizuho, Organizations: HK, West, Credit, National Congress, U.S, U.S . Federal, Hong, Saudi Aramco, CENTRAL Locations: Turkey, U.S, China, Ankara, Washington, , Turkish, United States, U.S ., Hong Kong, Russia, Saudi
Volatility concernsThey all agreed that DWAC shares will continue to be defined by their volatility — which makes forming an investing strategy more difficult. Kristi Marvin, who is the chief executive of the research firm SPAC Insider, said that vast trading volume figures demonstrated traders' short-term approach. Trump has announced plans to launch Truth Social, a conservative-leaning social media platform. But then if you're surrounded by people having the same opinions as you, I'm wondering, do you want to spend time on social media?" He added: "The joy of social media platforms is that they generate arguments — people argue all day and never change their views.
Persons: Donald Trump's, Julian Klymochko, Tesla, Jim Osman, DWAC, Osman, Klymochko, Louis Navellier, Kristi Marvin, Churchill Capital IV, Marvin, Trump, Arnaud Vagner, Parler, Donald Trump, it's, Insider's Marvin Organizations: DWAC, Trump Media & Technology Company, Bloomberg, GameStop, AMC, Financial Technologies, Tesla, Edge Consulting, Lighthouse Investment Partners, Saba Capital Management, Associates, SPAC, Churchill Capital, Lucid Motors, Trump Media & Technology, Facebook, Twitter, Capitol, Research, Apple, Trump, & $ Locations: DWAC, SPACs
Over the weekend, Turkish President Recep Tayyip Erdogan ordered 10 Western diplomats to leave the country. Cagaptay: There were large rallies against President Erdoğan in 2013, known as Gezi Park rallies. The allegations are that Mr. Kavala organized these rallies, that he is the linchpin in this effort to vote Erdoğan out. I think this is a step back for President Erdoğan. ReutersHills: Turkey's relationship with the US and other Western nations has been strained for some time over a variety of issues.
Persons: Recep Tayyip Erdogan, Erdogan, Recep Tayyip Erdoğan, Erdoğan, Osman Kav, Soner, Carol Hills, Joe Biden, Dursun Aydemir, Carol, Erdoğan's, Osman, He's, Biden, What's Organizations: Service, The Washington Institute for Near East Policy, NATO, Kavala, Osman Kavala, Reuters Locations: Turkish, Turkey, Brussels, Silivri, Istanbul, Europe, United States
An F-16 aircraft of the Turkish Stars aerobatic team of the Turkish Air Force performs during Teknofest airshow in Istanbul, Turkey September 20, 2018. REUTERS/Osman Orsal/File PhotoWASHINGTON, Oct 26 (Reuters) - Democratic and Republican U.S. lawmakers urged President Joe Biden's administration not to sell F-16 fighter jets to Turkey and said they were confident Congress would block any such exports. In a letter to Biden and U.S. Secretary of State Antony Blinken, 11 members of the House of Representatives cited "a profound sense of concern" about recent reports that Turkey may purchase 40 new Lockheed Martin (LMT.N) F-16s and 80 F-16 modernization kits. Reuters reported earlier this month that Turkey had made a request to the United States to buy 40 Lockheed Martin-made F-16 fighter jets and nearly 80 modernization kits for its existing warplanes. read moreAnkara had also previously ordered more than 100 Lockheed Martin F-35s, but the United States removed Turkey from the program in 2019 after it acquired the Russian S-400s.
Persons: Osman Orsal, Joe Biden's, Biden, Antony Blinken, Lockheed Martin, Tayyip, Erdogan's, Nicole Malliotakis, Carolyn Maloney, Patricia Zengerle, Karishma Singh Organizations: Turkish Stars, Turkish Air Force, REUTERS, Democratic, Republican U.S, U.S, Lockheed, Reuters, State Department, Republican, NATO, Thomson Locations: Istanbul, Turkey, Russian, United States, Ankara, Syria, Moscow, U.S, Turkish
read moreThough the currency pulled back from the brink after Erdogan made comments on his way to a cabinet meeting called to discuss the rift. The lira strengthened 0.7% in the wake of the comment and were seen by analysts as an attempt to cool diplomatic tensions. "It seems that President Tayyip Erdogan will not follow through on his previous threat to declare 10 Western Ambassadors 'personae non gratae'," said Wolfango Piccoli at Teneo. "Just like in various past occasions, it seems Erdogan has been playing an expensive high-stakes game for short-term political gains." 1/5 A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021.
Persons: Lira, Erdogan, Tayyip Erdogan, Osman, Gurdogan, Hammarlund, SEB, Erdogan's, Jonathan Spicer, Karin Strohecker, Shri Navaratnam, Angus MacSwan Organizations: REUTERS, Ziraat Bank, Vakifbank, Thomson Locations: ISTANBUL, United States, Osman Kavala, Teneo, Ankara, Turkey, Istanbul, London, Uttaresh.V
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. After touching the record low against the dollar overnight, the lira rebounded to 9.765 by 0941 GMT, still 1.7% weaker than Friday's close of 9.5950. read more"The central bank is clearly signaling that growth takes precedence over inflation," said Thin. With the selloff continuing, Turkish credit default swaps, which insure against default, rose to the highest since March, as did lira implied volatility gauges. The lira will inevitably come under extreme selling pressure," said veteran emerging market watcher Tim Ash at BlueBay.
Persons: Lira, Erdogan, Tayyip Erdogan, Saturday Erdogan, Osman, ahead.Generally Erdogan, Harriman, Tim Ash, Central Bank Governor Sahap, Kavcioglu, Jonathan Spicer, Karin Strohecker, Shri Navaratnam Organizations: REUTERS, Brown, Ziraat Bank, Vakifbank, Treasury's, JPMorgan EMBI Global, Central Bank Governor, Thomson Locations: Ankara, Turkey, ISTANBUL, anotherall, United States, Erdogan's, BlueBay, Istanbul, London
* Turkish lira last at 9.72 versus dollar* Other EMFX rise against weaker dollar* EM stocks flatOct 25 (Reuters) - Turkey’s lira sank to new lows on Monday as tensions between Ankara and the West combined with unconventional monetary policy and rising inflation, while most other emerging market currencies firmed against weaker dollar. Lira volatility gauges jumped, dollar bonds fell, local 10-year yields moved closed to three-year highs hit last week, flirting with the 20% level. That also means: a monetary policy U-turn seems less likely now. A weaker dollar helped other EM currencies, with the Chinese yuan up almost 0.1%, while the South African rand gained 0.3%. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Tayyip Erdogan, Osman, , Ulrich Leuchtmann, Halkbank, rouble Organizations: NATO, Ziraat Bank, Vakifbank, China, Group, CENTRAL Locations: Ankara, United States, Osman Kavala, Kavala, Lira, Europe, Middle East, Africa
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. read moreThe lira was trading at 9.8 versus the U.S. currency at 0651 GMT and bankers attributed the early weakness to Erdogan's comments on Saturday. read more"The central bank is clearly signaling that growth takes precedence over inflation," said Win Thin at Brown Brothers Harriman. With the selloff continuing, Turkish lira implied volatility gauges climbed, with the one-week, one-month and three-month measures hitting their highest level in around six months. "And we all know that (Central Bank Governor Sahap) Kavcioglu has no mandate to hike rates, so the only defence will be spending foreign exchange reserves the CBRT does not have."
Persons: Lira, Erdogan, Tayyip Erdogan, Harriman, Osman, Tim Ash, Central Bank Governor Sahap, Kavcioglu, Cemil, Jonathan Spicer, Karin Strohecker, Shri Navaratnam Organizations: REUTERS, Brown, Central Bank Governor, Reuters, Vakif Bank, Twitter, Thomson Locations: Ankara, Turkey, ISTANBUL, United States, Turkish, Erdogan's, BlueBay, Istanbul, London
Turkey's lira fell to a fresh record low on Monday after President Recep Tayyip Erdogan said he was pursuing the expulsion of ten foreign ambassadors. The lira, having already hit a record low the previous week after Turkey's central bank cut its key interest rate despite growing inflation, is in for more pain if Erdogan continues on this path, analysts warned. Turkish Foreign Minister Mevlut Cavusoglu, responsible for carrying out the order, has not yet commented on the matter. Erdogan's comments boosted fears of heightened tensions between the West and Turkey, hitting the already weak lira. "It goes without saying that the beleaguered Turkish Lira would fall under intense pressure, after setting various record lows over the past week," Teneo's Piccoli added.
Persons: Recep Tayyip Erdogan, Erdogan, Osman, It's, Teneo, Wolfango Piccoli, Piccoli, Mevlut Cavusoglu, Timothy Ash, Erdogan — Organizations: Observers, Turkish, Bluebay Asset Management, NATO Locations: London, Osman Kavala, Turkey, West, Ankara, Canada, France, Germany, Denmark, Norway, Sweden, Finland, New Zealand, Netherlands, Turkish
PARIS, Oct 25 (Reuters) - The French Foreign Ministry said on Monday it had not received any official notification from Turkey that it planned to expel the French Ambassador. On Saturday, Turkish President Tayyip Erdogan told his foreign ministry to expel the ambassadors of the United States and nine other Western countries - including France - for demanding the release of philanthropist Osman Kavala. read moreReporting by Dominique Vidalon; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Tayyip Erdogan, Osman, Dominique Vidalon, Sudip Kar Organizations: French Foreign, Gupta, Thomson Locations: Turkey, French, United States, France, Osman Kavala
BERLIN, Oct 25 (Reuters) - Germany has not received any official expulsion order for its ambassador in Turkey but acknowledged Turkish President Tayyip Erdogan's statements with concern, ministry and government spokespeople said in Berlin on Monday. "Of course we have seen press coverage of President Erdogan's statements. However, we did not receive any official notification about expulsions or anything similar over the weekend," a German foreign ministry spokesperson told a news conference. The spokesperson added that such an expulsion would be in contradiction to the depth and importance of the bilateral ties between Germany and Turkey, and that Germany has been in touch with partners in Paris and Washington over the weekend. German government spokesman Steffen Seibert said Berlin noted Erdogan's statements with "concern and incomprehension."
Persons: Tayyip Erdogan's, spokespeople, Erdogan's, Erdogan, Osman Kavala's, Steffen Seibert, Berlin, Seibert, Zuzanna, Miranda Murray Organizations: Thomson Locations: Germany, Turkey, Berlin, Paris, Washington, Erdogan's
Erdogan chairs Turkish cabinet to discuss expulsion of envoys
  + stars: | 2021-10-25 | by ( ) www.reuters.com   time to read: +4 min
Turkish President Recep Tayyip Erdogan speaks during a joint news conference with Nigerian President Muhammadu Buhari in Abuja, Nigeria October 20, 2021. REUTERS/Afolabi SotundeANKARA, Oct 25 (Reuters) - Turkish President Tayyip Erdogan chaired a cabinet meeting on Monday to discuss expelling ambassadors from the United States and nine other allies, a move which would open Ankara's deepest diplomatic rift with the West during his 19 years in power. The order has not yet been implemented by the Foreign Ministry but could be formally approved at Monday's meeting. They were summoned by the foreign ministry last week. Several embassies including the United States, Canada, Netherlands and New Zealand said on Monday they abided by the diplomatic convention not to interfere in a host country's internal affairs.
Persons: Recep Tayyip Erdogan, Muhammadu Buhari, Tayyip Erdogan, Erdogan, Osman Kavala, Mustafa Sentop, Sabine Siebold, Dominic Evans, Timothy Organizations: REUTERS, West, Foreign Ministry, NATO, European Union, European Commission, EU, U.S ., Germany's, Ministry, Kavala, of Human, Timothy Heritage, Thomson Locations: Abuja, Nigeria, Afolabi, ANKARA, United States, Monday's, Turkey, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, Turkish, Tekirdag, Kavala, Ankara
Turkey and West climb down from brink of biggest diplomatic crisis
  + stars: | 2021-10-25 | by ( ) www.cnbc.com   time to read: +5 min
Turkey's President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance's headquarters in Brussels, Belgium June 14, 2021. Turkey and its Western allies climbed down from a full-blown diplomatic crisis on Monday after foreign embassies said that they abide by diplomatic conventions on non-interference, averting a threatened expulsion of 10 ambassadors. "With a new statement made by the same embassies today, a step back was taken from this slander against our country and our nation. I believe these ambassadors ... will be more careful in their statements regarding Turkey's sovereign rights." "The United States notes that it maintains compliance with Article 41 of the Vienna Convention on Diplomatic Relations," the U.S. Embassy said on Twitter.
Persons: Tayyip Erdogan, Erdogan, Osman, Aykan Erdemir, Ned Price, Biden, Ibrahim Kalin, Mevlut Cavusoglu, Mustafa Sentop Organizations: NATO, U.S, Osman Kavala, West, Vienna Convention, Diplomatic Relations, U.S . Embassy, Twitter, U.S . State Department, Turkish, U.S ., Kavala, of Human Locations: Brussels, Belgium, Turkey, Ankara, Germany, France, Canada, Netherlands, New Zealand, Norway, Sweden, Denmark, Finland, States, Vienna, U.S, Turkish
On Saturday, Erdogan said he had ordered the envoys be declared 'persona non grata' for seeking philanthropist Osman Kavala's release from prison. The lira hit a fresh all-time low in early Asian trade, weakening 1.6% to 9.75 per dollar in a move that bankers attributed to Erdogan's comments. Kemal Kilicdaroglu, leader of the main opposition CHP, said Erdogan was "rapidly dragging the country to a precipice". "Return at once to our real agenda and the fundamental problem of this country - the economic crisis." Erdogan said the envoys had failed to respect Turkey's judiciary and had no right to demand Kavala's release.
Persons: Erdogan, Tayyip Erdogan's, Osman Kavala's, Kemal Kilicdaroglu, Yavuz Agiralioglu, Sinan Ulgen, Emmanuel Macron's, Joe Biden, Emre Peker, Soner Cagaptay, Daren Butler, Dominic Evans, Giles Elgood Organizations: CHP, Twitter, Kavala, IYI, NATO, U.S, Washington ., International Monetary Fund, Eurasia Group, of Human, Washington Institute for Near East Policy, Thomson Locations: Turkey, Kavala, ISTANBUL, Erdogan's, Istanbul, Turkish, Ankara, Rome, London, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States
Turkish lira hits record low after Erdogan seeks expulsions
  + stars: | 2021-10-24 | by ( ) www.reuters.com   time to read: +2 min
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla GurdoganISTANBUL, Oct 24 (Reuters) - The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries. read moreThe lira hit an all-time low of 9.75 by 1840 GMT on Sunday, weakening from Friday's close of 9.5950. The lira will inevitably come under extreme selling pressure," said veteran emerging market watcher Tim Ash at BlueBay. read moreTurkey's state banks were expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week's central bank rate cut.
Persons: Tayyip Erdogan, Tim Ash, Central Bank Governor Sahap, Kavcioglu, Erdogan, Osman, Nevzat Devranoglu, Daren Butler, Alison Williams, Kevin Liffey Organizations: REUTERS, Central Bank Governor, Thomson Locations: Ankara, Turkey, Cagla, ISTANBUL, United States, Turkish, BlueBay, Erdogan's
(Adds comment, background)ISTANBUL, Oct 24 (Reuters) - The Turkish lira weakened 1.6% to a record low against the dollar in early Asian trade after President Tayyip Erdogan said he had ordered the expulsion of the ambassadors of the United States and nine other Western countries. The lira hit an all-time low of 9.75 by 1840 GMT on Sunday, weakening from Friday’s close of 9.5950. The lira will inevitably come under extreme selling pressure,” said veteran emerging market watcher Tim Ash at BlueBay. By Sunday evening, there was no sign that the foreign ministry had yet carried out the president’s instruction, which would open the deepest rift with the West in Erdogan’s 19 years in power. Turkey’s state banks were expected to cut borrowing costs on loans by around 200 basis points on Monday, according to three people with knowledge of the plan, following last week’s central bank rate cut.
Persons: Tayyip Erdogan, , , Tim Ash, Central Bank Governor Sahap, Kavcioglu, ” Erdogan, Osman, Nevzat Devranoglu, Daren Butler, Alison Williams, Kevin Liffey Organizations: Central Bank Governor Locations: ISTANBUL, United States, Turkish, BlueBay, Erdogan’s
Another senior banking source said state banks will on Monday reduce rates "significantly in order to match" the central bank's 200-basis point cut in its repo rate. The central bank declined to comment on the state bank plan or on any possible fallout. read moreGovernor Sahap Kavcioglu has said publicly that Turkey's central bank independently sets policy. These rates are among lending rates that banks are expected to cut on Monday, according to the three sources. Thursday's rate cut was the second by the central bank in two months, following a 100-basis-point cut in September.
Persons: Osman Orsal, Halkbank, Tayyip Erdogan's, Sahap Kavcioglu, Erdogan, Isbank, Hakan Aran, Emre Peker, Erich Arispe, Jonathan Spicer, Daren Butler, Susan Fenton Organizations: REUTERS, Ziraat Bank, Halkbank, Vakif Bank, Reuters, Turkey Wealth Fund, Eurasia Group, Fitch, Thomson Locations: Halkbank, Istanbul, Osman Orsal ISTANBUL, Turkey, London, Central
Another senior banking source said state banks will on Monday reduce rates “significantly in order to match” the central bank’s 200-basis point cut in its repo rate. The central bank declined to comment on the state bank plan or on any possible fallout. A self-described enemy of interest rates, Erdogan has replaced much of the central bank’s top leadership this year. These rates are among lending rates that banks are expected to cut on Monday, according to the three sources. Thursday’s rate cut was the second by the central bank in two months, following a 100-basis-point cut in September.
Persons: Osman Orsal, Halkbank, Tayyip Erdogan’s, Sahap Kavcioglu, Erdogan, Isbank, Hakan Aran, , Emre Peker, Erich Arispe Organizations: REUTERS, Ziraat Bank, Halkbank, Vakif Bank, Reuters, Turkey Wealth Fund, Eurasia Group, Fitch Locations: ISTANBUL, Halkbank, Istanbul, Turkey, London, Central
ISTANBUL — Turkish President Recep Tayyip Erdogan said Saturday that he had ordered 10 foreign ambassadors who called for the release of a jailed philanthropist to be declared persona non grata. Describing the statement as an “impudence,” Erdogan said he had ordered the ambassadors be declared undesirable. “I gave the instruction to our foreign minister and said ‘You will immediately handle the persona non grata declaration of these 10 ambassadors,’” Erdogan said during a rally in the western city of Eskisehir. Parisian-born Turkish philanthropist Osman Kavala speaks during an event in Istanbul before his detention. HANDOUT / AFP - Getty ImagesA declaration of persona non grata against a diplomat usually means that individual is banned from remaining in their host country.
Persons: Recep Tayyip Erdogan, Osman, ” Erdogan, , ’ ” Erdogan, Osman Kavala, Selahattin Demirtas, wasn’t, David Satterfield, Jeff Flake, Organizations: Osman Kavala, Getty, of Human, Senate Foreign, State Department, Turkish Ministry of Foreign Affairs Locations: ISTANBUL, U.S, Ankara, Eskisehir, Turkey, Netherlands, Canada, Denmark, Sweden, Finland, Norway, New Zealand, Turkish, Istanbul, AFP, Kavala, Kurdish, Europe
On Saturday Erdogan said he ordered the envoys be declared 'persona non grata' for seeking philanthropist Osman Kavala's release from prison. read moreKemal Kilicdaroglu, leader of the main opposition CHP, said Erdogan was "rapidly dragging the country to a precipice". "The reason for these moves is not to protect national interests but to create artificial reasons for the ruining of the economy," he said on Twitter. Erdogan said the envoys were impudent and had no right to demand Kavala's release, stressing that the Turkish judiciary was independent. In 2018 Erdogan said Turkey would boycott U.S. electronic goods in a dispute with Washington.
Persons: Erdogan, Tayyip Erdogan's, Saturday Erdogan, Osman Kavala's, Kemal Kilicdaroglu, Yavuz Agiralioglu, Sinan Ulgen, Emmanuel Macron's, Joe Biden, Emre Peker, Soner Cagaptay, Daren Butler, Dominic Evans, Giles Elgood Organizations: CHP, Twitter, Kavala, IYI, Turkish, NATO, U.S, Washington ., Vienna Convention, Diplomatic Relations, International Monetary Fund, Eurasia Group, of Human, Washington Institute for Near East, Thomson Locations: Turkey, Kavala, ISTANBUL, Erdogan's, Istanbul, Turkish, Ankara, Rome, Vienna, London, Washington, Canada, Denmark, France, Germany, Netherlands, Norway, Sweden, Finland, New Zealand, United States
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