DIRS.INFO The most relevant business & tech news

☆ Russia strikes Ukraine's Danube port, driving up global grain prices
▼ + stars: | 2023-08-02 | by ( Pavel Polityuk | ) www.reuters.com time to read: +7 min

Kubrakov, writing on Facebook, said the Danube ports' infrastructure had been "devastated". "Ukrainian grain is indispensable for the world and cannot be replaced by any other country in the coming years," he wrote. "The port of Izmail suffered the most damage, including the terminal and infrastructure of the Danube Shipping Company." Russian state news agency RIA said the port and grain infrastructure hit was housing foreign mercenaries and military hardware. Seaport authority head Yuriy Lytvyn said on Facebook that repair work had already begun and the port infrastructure continued to operate.

Persons: Oleksandr Kubrakov, Volodymyr Zelenskiy, RIA, Oleh Kiper, Yuriy Lytvyn, Nina, PUTIN, Vladimir Putin, Tayyip Erdogan, West, Putin, Erdogan, Ukraine Bridget Brink, Russia's, Farhan Haq, Pavel Polityuk, Peter Graff, Hugh Lawson, Daniel Wallis, Michelle Nichols, Simon Cameron, Moore, Philippa Fletcher, Giles Elgood, Cynthia Osterman Organizations: NATO, Romania Kyiv, Ukraine's, Russia reimposed, Facebook, Danube Shipping Company, Reuters, REUTERS, United Nations, Kremlin, International, Court, TASS, U.S, Rih, Thomson Locations: Romania, Russia, Ukraine, Izmail, Africa, China, Israel, Moscow, NATO, Russian, Odesa, Turkey, Soviet, Tehran, Kerch, Crimea, Ports, Kharkiv, Kyiv, Kherson, Constanta

The biggest contribution to the sharp rise in the 2023 forecast came from forecasts deviations and a change in forecasting approach. "The central bank did not only provide an inflation forecast that is in line with economists predictions but... the emphasis in the report very much matched those of the market. We had not seen this from the central bank in many years. CENTRAL BANK INDEPENDENCEEconomists expect the policy rate to rise further to 25% by year-end, still leaving real rates negative. "Defining interest rate hikes as sufficient or insufficient can only be done after inspecting the intricacies of this holistic approach," she said.

Persons: Hafize Gaye Erkan, Erkan, Nilufer Sezgin, Sahap Kavcioglu, Erdogan, Ali Kucukgocmen, Daren Butler, Andrew Heavens, Bernadette Baum Organizations: Wall Street, CENTRAL, Ece Toksabay, Thomson Locations: ANKARA, Ankara

But it was the repeated use of the word holistic - or "bütüncül" - by the former Goldman Sachs banker and Turkey's first female central bank chief that caught most of the attention. "We are making the gradual and steady rate hikes more holistic and stronger through quantitative tightening and selective credit tightening," Erkan told the news conference. "Unless the credit and monetary tightening really kick in, investors would expect the central bank to hike more aggressively," he said. "She clearly wants to be the face of Turkish monetary policy making," said Neuberger Berman's Nazli. "We saw a person who seems to be capable of being a central bank governor, compared to previous governors, but cautious."

Persons: Goldman Sachs, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Turkey's, Kaan Nazli, Neuberger Berman, policymaker Mehmet Simsek, Tim Ash, Erdogan, Ash, Marek Drimal, Neuberger Berman's Nazli, swerved, Emre Akcakmak, Karin Strohecker, Libby George, Tomasz Janowski Organizations: Turkey's, Ministry, BlueBay Asset Management, Societe Generale, East Capital, Thomson Locations: Rosario, London

☆ '4chan for economists' is melting down as racist, sexist anonymous posts are linked to Harvard, Yale, and other top institutions
▼ + stars: | 2023-07-21 | by ( Kate Taylor | ) www.businessinsider.com time to read: +12 min

A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.

Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego

Many investors think that will only happen if interest rates go to levels just too high for investors to pass up. "You wonder whether they have left it too late" said Mikhail Volodchenko at one of Europe's largest fund managers AXA IM. Reuters Graphics4/LOCAL PROBLEMSIn contrast to the dollar bonds, Turkey's 'local' lira-denominated bonds have had a shocker. Even if the lira is taken out of the equation the bonds are still down around 13% since Erdogan's election win. Reuters Graphics($1 = 0.8920 euros)Reporting by Marc Jones and Canan Sevgili Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Erdogan, Mehmet Şimşek, Hafize Gaye Erkan, Mikhail Volodchenko, Enver Erkan, Yatirim, Treasuries, COVID, Wednesday Erdogan, Simon Lue, Fong, Vontobel, Turkey's, Jeff, Michael Metcalfe, Metcalfe, Marc Jones, Shri Navaratnam Organizations: LONDON, AXA, Reuters, JPMorgan EMBI Global, NATO, Investment, Wednesday, United Arab Emirates, JPMorgan GBI, Street Global Markets, Reuters Graphics, Thomson Locations: Central, Turkish, Nigeria, Argentina, Turkey, U.S, Arab, Swiss, Lira

☆ Turkey's Erdogan ends Gulf tour with Abu Dhabi visit
▼ + stars: | 2023-07-19 | by ( Rachna Uppal | ) www.reuters.com time to read: +2 min

Abu Dhabi is Erdogan's last stop in a Gulf tour that included the Saudi Red Sea city of Jeddah and Doha. Reaping the benefits of his diplomatic efforts, Saudi Arabia agreed on Tuesday to buy Turkish drones in the biggest defence contract in Turkey's history. Turkey also sent troops to Doha when Saudi Arabia and the UAE imposed a blockade on Qatar in 2017. Abu Dhabi agreed last year to a $5-billion swap deal in local currencies with Ankara to help its struggling lira. Reporting by Rachna Uppal in Abu Dhabi and Yousef Saba in Dubai, writing by Aziz El Yaakoubi; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Abu Dhabi, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Rachna Uppal, Yousef Saba, Aziz El Yaakoubi, Bernadette Baum Organizations: United Arab Emirates, Turkish, Thomson Locations: ABU DHABI, Abu Dhabi, Saudi Red Sea, Jeddah, Doha, Saudi Arabia, Riyadh, Turkey, UAE, Qatar, Ankara, Nahyan, Gulf, Dubai

☆ Saudi Arabia buys Turkish drones during Erdogan's visit
▼ + stars: | 2023-07-18 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +3 min

Erdogan and Saudi Crown Prince Mohammed bin Salman attended the signing ceremony between Turkish defence firm Baykar and the Saudi defence ministry, Saudi state news agency SPA reported. Erdogan arrived in the Saudi Red Sea city of Jeddah on Monday for the first stop of a Gulf tour. Saudi Arabia will acquire the drones "with the aim of enhancing the readiness of the kingdom's armed forces and bolstering its defense and manufacturing capabilities," Defence Minister Prince Khalid bin Salman said in a tweet on Tuesday. SPA said Erdogan and Prince Mohammed attended the signing of a defense cooperation plan by Prince Khalid and Turkish Defence Minister Yasar Guler. Developing a local military industry has been part of an ambitious plan by Prince Mohammed to diversify the kingdom's economy away from oil.

Persons: Tayyip Erdogan, Erdogan, Saudi Crown Prince Mohammed bin Salman, Baykar, Prince Khalid bin Salman, Haluk Bayraktar, Jamal Khashoggi, Prince Mohammed, Prince Khalid, Yasar Guler, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Enas Alashray, Daren Butler, Jamie Freed, Lincoln, Tomasz Janowski, Bernadette Baum Organizations: Saudi Crown, Defence, Investments, United, United Arab Emirates, Turkish Defence, Turkish, Thomson Locations: RIYADH, Saudi Arabia, Saudi, Saudi Red Sea, Jeddah, Ankara, United Arab Emirates, Turkey, East, North Africa, Istanbul, Qatar, United Arab, Riyadh, UAE, Nahyan, Cairo

☆ Saudi drone deal entails technology transfer, joint production -Baykar
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, July 18 (Reuters) - An accord which Saudi Arabia signed to buy Turkish drones entails cooperation in technology transfer and joint production, the Turkish company Baykar said on Tuesday in a statement. "With the comprehensive agreement, there will cooperation on technology transfer and joint production in order to advance the high technology development capability of the two countries," the statement said. Baykar said 75% of its revenues had come from exports since it began drone research and development in 2003. It said it had signed export agreements with 30 countries for its Bayraktar TB2 combat drone and with six countries for the larger Bayraktar Akinci combat drone. Reporting by Can Sezer; Writing by Daren Butler; Editing by Huseyin Hayatsever and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Baykar, Tayyip Erdogan's, Daren Butler, Huseyin Hayatsever, Alison Williams Organizations: Turkish, Thomson Locations: ISTANBUL, Saudi Arabia, Turkish

☆ Turkish President Erdogan's Gulf tour was to 'show gratitude,' analyst says
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurkish President Erdogan's Gulf tour was to 'show gratitude,' analyst saysMerve Hande Akmehmet, president of the Hologram Network, speaks to CNBC's Dan Murphy about Turkish President Recep Tayyip Erdoğan's visit to the Gulf Cooperation Council countries.

Persons: Merve Hande Akmehmet, CNBC's Dan Murphy, Recep Tayyip Erdoğan's Organizations: Turkish, Gulf Cooperation Locations: Erdogan's

☆ Saudi Arabia and Turkey sign agreements on energy, defence and other fields
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

CAIRO, July 18 (Reuters) - Saudi Arabia and Turkey signed a number of memorandums of understanding in many fields including energy, direct investments and defence, Saudi state news agency SPA reported early on Tuesday. Turkey's President Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, witnessed the signing ceremony of the bilateral agreements between the two countries, SPA said. Saudi Arabia signed two contracts with Turkish defence firm Baykar to buy drones "with the aim of enhancing the readiness of the Kingdom's armed forces and bolstering its defense and manufacturing capabilities," Saudi Defence Minister Prince Khalid bin Salman said in a tweet on Tuesday,The two countries also signed a defence cooperation plan, the minister added. Erdogan's Gulf tour, which also includes Qatar and the United Arab Emirates, is due to conclude on July 19. Reporting by Enas Alashray and Yomna Ehab; Editing by Jamie Freed and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman, Baykar, Prince Khalid bin Salman, Erdogan, Enas Alashray, Jamie Freed Organizations: Saudi Crown, Turkish, Saudi Defence, United Arab, Thomson Locations: CAIRO, Saudi Arabia, Turkey, Saudi, Qatar, United Arab Emirates, Lincoln

The lira hit a record low of 26.9 against the U.S. currency, sliding from Monday's close of 26.3505. The central bank will announce its rate decision at 1100 GMT on Thursday. "News saying that the central bank's interest rate hike will be below market expectations is triggering the lira depreciation," said one trader. But June's hike was below expectations, with economists saying Erdogan's influence over the central bank limits how far they can go in tightening policy. Turkey's annual inflation surged to a 24-year high of 85.51% last October, mainly due to lira depreciation because of Erdogan's policy of low rates.

Persons: Abdulkadir Selvi, Tayyip Erdogan, Nevzat Devranoglu, Daren Butler, Christina Fincher Organizations: Hurriyet, Ece Toksabay, Thomson Locations: ISTANBUL

Saudi state-run al-Ekhbariya television showed several Saudi officials welcoming Erdogan as he arrived at the venue of a Saudi-Turkish business forum in the Red Sea city of Jeddah. Erdogan is expected to meet with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, later on Monday. "Turkey will have a serious investment opportunity in the defence industry, infrastructure and superstructure investments in the three countries," he said. Ekhbaria carried live footage showing Saudi Investment Minister Khaled al-Falih addressing dozens of businessmen from both sides at the Saudi-Turkish business forum in Jeddah. Turkey's budget deficit surged to 219.6 billion lira ($8.37 billion) in June, seven times the deficit a year earlier, data showed on Monday.

Persons: Tayyip Erdogan, Erdogan, Saudi Crown Prince Mohammed bin Salman, Ekhbaria, Khaled al, Cevdet Yilmaz, Mehmet Simsek, Sheikh Mohammed bin Zayed, Yilmaz, Huseyin Hayatsever, Ali Kucukgocmen, Daren Butler, Aziz El Yaakoubi, William Maclean Organizations: Saudi Crown, . Investments, United, Turkish, Saudi Investment, Thomson Locations: ISTANBUL, RIYADH, Saudi Arabia, Turkey, Saudi, Turkish, Red Sea, Jeddah, Ankara, United Arab Emirates, Istanbul, Qatar, UAE, Nahyan

☆ Gulf International Forum discusses Erdogan's Middle East visit
▼ + stars: | 2023-07-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailErdogan's Gulf tour: Priority is to increase direct investments into Turkey's economy, analyst saysDania Thafer, executive director of the Gulf International Forum, discusses what's on the agenda for Turkish President Recep Tayyip Erdogan's Middle East visit.

Persons: Dania Thafer, Recep Tayyip Erdogan's Organizations: Gulf International

☆ 4 major fighter-jet deals could reshape the Middle East's biggest militaries for decades to come
▼ + stars: | 2023-07-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +11 min

Middle Eastern countries have for decades been major buyers of advanced fighter jets. Four potential deals involving Turkey, Iraq, Iran, and Egypt show that the trend will continue. Four looming acquisitions by Turkey, Iraq, Iran, and Egypt show that this trend will not change any time soon. Egypt's EaglesEgyptian Air Force MiG-29s during an exercise in Sudan in May 2021. While the Russian jets couldn't exchange data with Egypt's US-made aircraft, Cairo hoped they could operate as an "air force within an air force" and partially redress its limited air-to-air capabilities.

Persons: Cuneyt, MURAD, Erdogan, Mehmet Kaman, Recep Tayyip Erdogan's, Biden, Sen, Bob Menendez, hasn't, Iran's, Vladimir Putin, Ebrahim Raisi, ALEXANDR DEMYANCHUK, it's, —, Iran hasn't, ATTA KENARE, Mohammed Reza Ashtiani, Iraq's, KARIM SAHIB, Saddam Hussein's, Ali Mohammed, KARI, ASHRAF SHAZLY, Derek Seifert, Frank McKenzie, Israel, Paul Iddon Organizations: Service, United Arab Emirates, Dassault Rafales, Dassault, Vipers, NATO Air Policing, Anadolu Agency, Getty, US, Turkish Aerospace Industries, Getty Images, NATO, Senate Foreign Relations, SPUTNIK, Army Day, Iranian Parliament's National Security, Foreign, Iranian Defense, Rafale, ISIS, Getty Images Iraq, Thales Ground, AIM, Meteor, Egypt's Eagles Egyptian Air Force, Eagles, US Air Force, US Central Command Locations: Turkey, Iraq, Iran, Egypt, Wall, Silicon, Saudi Arabia, Israel, Poland, Ankara, Syria, Greece, Samarkand, Getty Images Iran, Russia, Ukraine, Moscow, Soviet, US, Tehran, AFP, Iranian, Persian, Baghdad, France, South Korea, Czech, Iraqi, Balad, Sudan, Qatar, Cairo, Derek Seifert Egypt

Those export controls, which "were imposed for important reasons," remain in place, Canadian Prime Minister Justin Trudeau's office said in statement. "The Prime Minister discussed Sweden's accession to NATO with our partners in Vilnius, including with President Erdogan," the statement said. Ahead of the NATO summit, Turkey, already seeking assurances over the F-16s in talks with Washington, asked that Canada's export controls also be rolled in to the final discussion, the person familiar with the talks said. At Vilnius, Canada outlined its position to Turkey on rules regarding uses of any exported technologies, and was awaiting a response. This means the talks on export controls are no longer frozen, a move that helped play a role sealing Erdogan's pledge over Sweden, the person said.

Persons: Erdogan, Tayyip Erdogan's greenlight, Justin Trudeau's, Joe Biden, Devlet Bahceli, We've, Huseyin Hayatsever, Jonathan Spicer, Steve Scherer, John Irish, Tom Perry, Jamie Freed Organizations: NATO, Atlantic, Organization, Canada, Canadian, Washington, U.S, Kurdistan Workers Party, European Union, Nationalist Movement Party, Erdogan's, Thomson Locations: Turkey, Erdogan, ANKARA, Canada, Ankara, Sweden, Stockholm, Vilnius, Washington, United States, Armenia, Nagorno, Karabakh, Finland, Turkish, Ukraine, Turkey's, Helsinki, European, Istanbul, Ottawa

☆ CNBC Daily Open: Red hot tech
▼ + stars: | 2023-07-12 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Energy stocks led Wall Street gainsU.S. stocks rose for a second session Tuesday, with energy stocks the leading advancers in the S&P 500 as WTI crude rose to its highest level since May 1. [PRO] Goldman's bullish on XpengGoldman Sachs initiated coverage of Xpeng with a buy rating, seeing nearly 30% upside for the Chinese electric-vehicle maker.

Persons: Warren, Temasek's, Lina Khan's, Recep Tayyip Erdoğan, Xpeng Goldman Sachs Organizations: New York Stock Exchange, CNBC, Energy, Wall Street, Traders, Dow Jones Industrial, Buffett, Temasek, Federal Trade, Microsoft, Activision Blizzard, NATO, EU Locations: New York City, Berkshire, U.S, Temasek, India, Southeast Asia, EU, Turkey, Sweden

☆ Kremlin says Turkey should have no illusions over its EU bid
▼ + stars: | 2023-07-11 | by ( Gareth Jones | ) www.reuters.com time to read: +3 min

[1/2] Russian President Vladimir Putin and Turkish President Tayyip Erdogan shake hands during a meeting on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan September 16, 2022. He has refused to join Western sanctions against Russia over the invasion and has invited Russian President Vladimir Putin to visit Turkey in August. Turkey had held up Sweden's accession, accusing the Nordic country of not doing enough to crack down on people Ankara sees as terrorists. He was alluding to long-standing EU resistance to admitting Turkey, a large, relatively poor Muslim country adjoining the Middle East. Turkey also helped last year to broker prisoner exchanges between Russia and Ukraine, and the Kremlin says Putin highly appreciates Erdogan's efforts to mediate in the war.

Persons: Vladimir Putin, Tayyip Erdogan, Alexander Demyanchuk, Ukraine Erdogan, Dmitry Peskov, Erdogan, Peskov, Putin, Gareth Jones, Mark Trevelyan Organizations: Shanghai Cooperation Organization, Sputnik, NATO Russia, EU, European Union, Kremlin, NATO, Russia, Russian, Nordic, Ankara, NATO's, United Nations, Reuters, Thomson Locations: Turkish, Samarkand, Uzbekistan, Turkey, Russia, Ukraine, Sweden, Moscow, Ankara, Lithuania, Kyiv, Republic of Turkey, Europe

☆ Former U.S. diplomat discusses Turkey's Erdogan and Sweden's NATO bid
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReasons to believe Erdogan would cave over Sweden's NATO bid after his reelection: Ex-U.S. diplomatWilliam Courtney, adjunct senior fellow at Rand and former U.S. ambassador to Georgia and Kazakhstan, discusses Turkish President Recep Tayyip Erdoğan's decision to back Sweden's bid to join the military alliance.

Persons: Erdogan, William Courtney, Rand, Recep Tayyip Erdoğan's Organizations: NATO Locations: U.S, Georgia, Kazakhstan

☆ Turkey extracted a slew of concessions for letting Sweden join NATO, including coveted F-16 fighter jets from the US
▼ + stars: | 2023-07-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Turkey's president on Tuesday agreed to back Sweden's NATO membership. Hours later, the US said it would move ahead with the transfer of F-16 fighter jets to Turkey. Sweden sought NATO membership in the wake of Russia's war on Ukraine. Turkey's president, Recep Tayyp Erdogan, drove a hard bargain in making his U-turn, and was seemingly rewarded with coveted F-16 fighter jets from the US. Erdogan has also attempted to use the NATO impasse to renew a push for Turkey's membership of the EU.

Persons: Recep Tayyp Erdogan, Jens Stoltenberg, Jake Sullivan, Erdogan, It's, Vladimir Putin, Rich Outzen Organizations: NATO, Service, NATO Allies, US, Brookings Institution, Washington Post, BBC, Erdogan's, Atlantic Council, Turkish Locations: Turkey, Sweden, Ukraine, Wall, Silicon, Vilnius, Lithuania, Baltic, Ankara, Washington, United States, Russia, Stockholm, EU

Erdogan's ties to Russian President Vladimir Putin have weighed on Turkey's relations with its traditional Western allies for years, along with other factors including concern over his increasingly autocratic rule. "Turkey doesn't want the Turkish-Russian relationship to be badly hurt, but this will inevitably have an impact on relations. Ankara has been important to Moscow as Erdogan has refused to join Western sanctions against Russia over the Ukraine invasion. 'ROSE-TINTED SPECTACLES'The Kremlin said it intended to develop relations with Turkey "despite all the disagreements". In 2009, Cyprus blocked six out of the 35 chapters Turkey must conclude as part of its EU accession negotiations.

Persons: Erdogan, Tayyip Erdogan, Vladimir Putin, Volodymyr Zelenskiy, Dalay, Washington, Biden, Putin, Dmitry Peskov, Peskov, Evren Balta, Orhan Coskun, Tom Perry, Mark Heinrich Our Organizations: NATO Russian, NATO, Western, Analysts, Ukraine, Chatham, VISA, Turkish, Reuters, Kremlin, Russia, European Union, EU, Union, Ozyegin University, Thomson Locations: Sweden, Turkey, Washington, ANKARA, ISTANBUL, U.S, Russia, Ukraine, Ankara, Moscow, Turkish, NATO, Republic of Turkey, Europe, Cyprus

☆ Erdogan's push for Turkey's EU membership is being met with surprise and skepticism
▼ + stars: | 2023-07-11 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Erdogan surprised many on Monday by linking Sweden's bid to join NATO with his country's accession to the EU. "I was quite surprised he linked this," Maria Demertzis, senior fellow at the Brussels-based think tank Bruegel, told CNBC Tuesday. The EU deemed that Turkey was putting forward a lot of political reforms that actually moved it "further away" from the bloc. One of the policy changes that infuriated the EU was a 2017 referendum that gave Erdogan more executive powers. "He needs money," an EU official, who did not want to be named due to the sensitive nature of the topic told CNBC Tuesday, regarding why Erdogan brought up this issue again now.

Persons: Recep Tayyip Erdoğan, aren't, Erdogan, Maria Demertzis, Erdogan's Organizations: European Union, NATO, EU, CNBC Locations: Turkish, Turkey, Sweden, Brussels, Ankara

☆ Erdogan links Sweden's NATO membership to Turkey's EU accession
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

Turkey's bid to join the EU has been frozen for years after membership talks were launched in 2005 under Erdogan's first term as prime minister. In a surprise change of tack, Erdogan on Monday linked Ankara's approval of Sweden's NATO bid to Turkey finally joining the EU. Sweden and Finland applied for NATO membership last year, abandoning policies of military non-alignment that had lasted through the decades of the Cold War in response to Russia's invasion of Ukraine. While Finland's NATO membership was green-lighted in April, Turkey and Hungary have yet to clear Sweden's bid. Erdogan also said that an end to the war between Ukraine and Russia would ease Kyiv's NATO membership process.

Persons: Tayyip Erdogan, Turkey's, Erdogan's, Erdogan, Huseyin Hayatsever, Ali Kucukgocmen, Toby Chopra, Alex Richardson Organizations: Union, NATO, EU, European Union, Kurdistan Workers Party, Ece Toksabay, Thomson Locations: ISTANBUL, Ankara, Turkey, Vilnius, Sweden, Finland, Ukraine, Hungary, Stockholm, Madrid, United States, Russia

☆ Erdogan says Turkey could approve Sweden’s NATO membership if Europeans ‘open way’ to EU membership
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +6 min

VILNIUS, Lithuania (AP) — Turkish President Recep Tayyip Erdogan on Monday introduced a new condition for approving Sweden's membership in NATO, calling on European countries to "open the way" for Turkey to join the European Union. It was the first time that Erdogan linked his country's ambition to join the EU with Sweden's efforts to become a NATO member. The White House readout of the Biden-Erdogan call did not mention the issue of Turkish membership in the EU. Sullivan didn't mention the EU membership issue. Previously non-aligned Sweden and Finland applied for NATO membership last year following Russia's invasion of Ukraine.

Persons: Tayyip Erdogan, Ulf Kristersson, Jens Stoltenberg, Recep Tayyip Erdogan, Erdogan, Joe Biden, Stoltenberg, Dana Spinant, Jake Sullivan, Biden, Sullivan, Vilnius —, Paul Levin, Levin, Tobias Billström, Billström Organizations: Swedish, NATO, Monday, European Union, U.S, EU, Biden, Institute for Turkish Studies, Stockholm University, SVT, Kurdistan Workers ' Party Locations: Vilnius, VILNIUS, Lithuania, Turkey, Lithuania's, Sweden, Ankara, Istanbul, Finland, Swedish, NATO, Madrid, Cyprus, Stockholm, Sweden's, United States, Turkish, Kurdistan, Hungary, Ukraine

☆ Turkey isn't getting much use out of its Russian-made missile-defense system, but that's not why Erdogan is keeping it around
▼ + stars: | 2023-07-09 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

The first parts of a Russian S-400 system are unloaded at an airport near Ankara in July 2019. Turkey's S-400 lacks that integration, as it hasn't been connected to NATO's radar network because alliance members fear that doing so could expose other systems to Russian observation. That made Russia's S-400 seem like not only a valid alternative but a preferable option to the US-made Patriot missile-defense system. (The US withdrew Patriot batteries from Turkey in late 2015, adding to Turkish concerns and desire for another air-defense system.) After the initial signing, the deal went into limbo over reported political disagreements and Turkey never received the system.

Persons: hasn't, Turkey's, Recep Tayyip Erdogan's, Lisel, David E, Banks, Erdogan, UMIT TURHAN COSKUN, Washington, Jens Stoltenberg, Orhan Cicek, MURAT CETINMUHURDAR Organizations: Service, Ankara, Turkish, NATO, Turkish Defence Ministry, Johns Hopkins University, King's College, Getty, ISIS, Kurdish PKK, Patriot, US, NATO NATO, Anadolu Agency Locations: Russian, Turkey, Ankara, Wall, Silicon, Russia, Turkish, King's College London, Hintz, Istanbul, AFP, Erdogan's, Washington, Kurdish, East, Eurasia, Banks, TURKISH, Moscow, France, Italy, Franco, Italian

Search resuls for: "Erdogan's"

25 mentions found