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ANKARA, Turkey (AP) — Turkey’s central bank delivered another huge interest rate hike on Thursday as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods. The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike in a row focused on beating down inflation that hit an eye-watering 61.36% last month. President Recep Tayyip Erdogan has long been a proponent of an unorthodox policy of cutting interest rates to fight inflation and had fired central bank governors who resisted his rate-slashing policies. Other central banks around the world have raised interest rates rapidly to target spikes in consumer prices tied to the rebound from the COVID-19 pandemic and then Russia's war in Ukraine. Under Erkan’s tenure, the central bank has hiked its main interest rate from 8.5% to 40%.

Persons: Recep Tayyip Erdogan, Merrill Lynch, Mehmet Simsek, Hafize Gaye Erkan Locations: ANKARA, Turkey, Ukraine, U.S

☆ 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 hikes interest rates to 40% to battle sky-high inflation
▼ + stars: | 2023-11-23 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

Turkey's central bank raised interest rates by five percentage points on Thursday. It was the sixth consecutive rate hike and took the rate to 40%. AdvertisementANKARA, Turkey (AP) — Turkey's central bank delivered another huge interest rate hike on Thursday as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods. AdvertisementFollowing Erdogan's reelection in May, he appointed a new economic team, which has quickly moved toward reversing his previous policy of keeping interest rates low. Under Erkan's tenure, the central bank has hiked its main interest rate from 8.5% to 40%.

Persons: —, Recep Tayyip Erdogan, Merrill Lynch, Mehmet Simsek, Hafize Gaye Erkan Organizations: Service Locations: ANKARA, Turkey, Ukraine, U.S

Defence Minister Yasar Guler said last week that Turkey was in talks with Britain and Spain to buy Eurofighter Typhoon jets, though Germany objected to the idea. Guler was holding talks on the issue with his British counterpart Grant Shapps in Ankara on Thursday, the source said. Turkey wants to buy the most advanced, newly built version of the Eurofighter, he added. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and 79 modernisation kits for its existing warplanes. The Eurofighter Typhoon jets are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI).

Persons: Yasar Guler, Guler, Grant Shapps, Joe Biden's, Leonardo, Tayfun Ozberk, Serhat, Huseyin Hayatsever, Jonathan Spicer, William Maclean Organizations: Eurofighter, . Defence, Eurofighter Typhoon, British, NATO, Turkey, Lockheed Martin Corp, U.S . Congress, Airbus, BAE Systems, Biden Administration, Eurofighter Typhoons, Kadir Has University, Turkish Air Force, Thomson Locations: ANKARA, Turkey, United States, Turkish, Britain, Spain, Germany, Ankara, Italy

All have been hit by a boycott campaign over Israel's military offensive in the Gaza Strip since the deadly Hamas attack in southern Israel on Oct. 7. Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco. Videos have circulated of what appear to be Israeli troops washing clothes with well-known detergent brands which viewers are urged to boycott. In Kuwait City on Tuesday evening, a tour of seven branches of Starbucks, McDonald's and KFC found them nearly empty. Previous boycott campaigns in Egypt, the Arab world's most populous nation, had less impact, including those advocated by the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.

Persons: Mohamed Abd, Reham Hamed, Ahmad al, McDonald's, Jordan, Hossam Mahmoud, Sameh El Sadat, executive's, Issam Abu Shalaby, Farah Saafan, Sarah El Safty, Mai ShamsElDin, Suleiman Al, Ahmed Hagagy, Jonathan Spicer, Aidan Lewis Organizations: Hamas, REUTERS, Gaza, U.S, Kuwait City, McDonald's, KFC, McDonald's Corp, Reuters, BDS, Starbucks, TBS Holding, Malaysian, Cola, Nestle, Turkish, Israel, United Arab, Thomson Locations: Kentucky, Egypt, Gaza, Israel, Palestinian, Cairo, CAIRO, Jordan, Kuwait, Morocco, Amman, Rabat, BDS Egypt, Egyptian, Malaysia, Putrajaya, Saudi Arabia, United Arab Emirates, Tunisia, Khalidi, Danial Azhar, Kuala Lumpur, Kuwait City, Istanbul

New Orleans news outlets report that the three were convicted of attempted manslaughter in the death of Linda Frickey, 73. Jury selection for the lone remaining suspect, who prosecutors said was behind the wheel when Frickey died, got underway after the three girls' guilty pleas were entered. Authorities said Frickey died of blunt force injuries after she became entangled in a seatbelt as carjackers sped away with her car on the afternoon of March 21. Outside the courthouse, Frickey's family talked with reporters about listening to statements two of the defendants made. "Our hearts and unwavering support continue to be with the Frickey family as we fight for justice and pursue a resolution that honors Linda’s memory.”

Persons: Linda Frickey, Frickey, carjackers, ”, Jinny, Frickey’s, “ That’s, “, Jason Williams's Organizations: ORLEANS, Authorities, Times, New Locations: New Orleans

☆ More Than 100 Gaza Evacuees to Arrive in Turkey
▼ + stars: | 2023-11-20 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

ANKARA (Reuters) - More than 100 evacuees from Gaza are set to arrive in Turkey on Monday, including dozens of people who will receive medical treatment there, Turkey's health minister and a foreign ministry source said. He said last week that Ankara wanted to bring as many of the nearly 1,000 cancer patients from Gaza to Turkey as possible. The first 27 patients arrived in Ankara last Thursday. The foreign ministry source also said that if conditions on the ground permit, Turkey aimed to get around 100 more people out of Gaza on Monday. A month ago, Turkish Deputy Foreign Minister Ahmet Yildiz said some 700 people, including Turkish, Palestinian, and northern Cypriot citizens, had applied to Turkey to be evacuated from Gaza.

Persons: Fahrettin Koca, Ahmet Yildiz, Huseyin Hayatsever, Daren Butler, Jonathan Spicer Organizations: Health, Turkish, Turks Locations: ANKARA, Gaza, Turkey, Egypt, Ankara, Al Arish, Istanbul, Cypriot

(AP) — With LSU star forward Angel Reese missing in action and little explanation forthcoming from coach Kim Mulkey, the seventh-ranked Tigers are attracting unwanted scrutiny at the outset of their national title defense. On Monday, there was no indication that Reese would be back with the team for a home game against Texas Southern. It would be highly unusual for a player to begin missing games because of academic eligibility after the basketball season started but before the end of the first semester of an academic year. No LSU players were made available for postgame interviews. Nicknamed the “Bayou Barbie," Reese led LSU to its first national title in women’s basketball last season.

Persons: Angel Reese, Kim Mulkey, Reese, Grant Kauvar, Mulkey's reticence, Reese —, —, Reese's, Flau'Jae Johnson, Kia Brooks, Angel Webb Reese, Brooks, ” Brooks, Mulkey, ”, “, Jeanine Ogbonnaya, Hailey Van Lith, Aneesah Morrow, Mikaylah Williams, LSU hasn't, hasn't, LSU’s, Sylvia Fowles ’, ___ Organizations: —, LSU, Tigers, Texas Southern, LSU women's, Southeastern, Kent State, Universities, The Associated Press, Cayman, Southeastern Conference, AP, womens Locations: BATON ROUGE, La, Southeastern Louisiana, Colorado, Virginia

☆ Turkish cargo ship with 12 crew sinks in Black Sea
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

ISTANBUL, Nov 20 (Reuters) - A Turkish cargo ship with 12 crew onboard sank off Turkey's Black Sea coast during a storm on Sunday and authorities have been unable to make contact with the crew, Interior Minister Ali Yerlikaya said on Monday. The captain of the Turkish-flagged Kafkametler had reported on Sunday morning that the ship was drifting toward a breakwater off Eregli, in northwest Turkey's Zonguldak province, the provincial governor's office said earlier. Yerlikaya said the ship sunk after hitting the breakwater. The region was hit by powerful storms on Sunday and the governor's office said the bad weather prevented air and sea vessels from carrying out searches. "When the adverse weather conditions improve, search and rescue activities will start immediately," Yerlikaya told reporters.

Persons: Ali Yerlikaya, Kafkametler, Yerlikaya, Daren Butler, Gerry Doyle Organizations: Thomson Locations: ISTANBUL, Turkish, Turkey's Zonguldak

☆ A top Democrat's indictment could be a game-changer for 2 troublesome allies seeking US fighter jets
▼ + stars: | 2023-11-19 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Menendez's removal could be a game-changer for two countries who have long sought US fighter jets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . His removal could be a game-changer for Egypt and Turkey — two important but vexing US allies — when it comes to buying modern US-made fighter jets to upgrade their air forces. Turkey's F-16 prospectsA Turkish F-16 during a NATO Air Policing mission out of Poland in August 2021. It has ordered 54 French-made Rafale multirole jets in a bid to, at least partially, diversify its overwhelmingly American-made fighter arsenal.

Persons: Sen, Bob Menendez, Menendez, —, Bob Menendez's, Turkey's, Cuneyt, Getty Images Menendez, Recep Tayyip Erdogan, Erdogan, Ben Cardin, Getty Images Cardin, Cardin, Ryan Bohl, RANE, Bohl, Frank McKenzie, Derek Seifert Cairo, Su, Paul Iddon Organizations: Foreign, Service, New, New Jersey Democrat, Senate Foreign Relations, NATO Air Policing, Anadolu Agency, Getty Images, Turkish, NATO, Turkish Air Force, East, Business, US Air Force KC, 135R, US Air Force, Getty, US Central Command, State Department, Air Force Locations: New Jersey, Egypt, Turkey, Turkish, Poland, NATO, coziness, Russia, Malbork, North Africa, Israel, Cairo, China, Dubai, United States, France

☆ Turkish ship with 12 crew missing in Black Sea
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: 1 min

ISTANBUL, Nov 19 (Reuters) - A Turkish cargo ship with 12 crew members on board went missing off the country's Black Sea coast amid a storm on Sunday and authorities have been unable to make contact with them since, local authorities said. The captain of the Turkish flagged Kafkametler had reported during the morning that the ship was drifting towards a breakwater off Eregli, in northwest Turkey's Zonguldak province, the provincial governor's office said. The region was hit by powerful storms on Sunday and the statement said the adverse weather prevented air and sea vessels from carrying out searches. Search and rescue teams were deployed in the region and were ready to launch operations when the weather permitted, the governor's office said. Reporting by Daren Butler; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Kafkametler, Daren Butler, Alex Richardson Organizations: Turkish, Thomson Locations: ISTANBUL, Turkish, Turkey's Zonguldak

Tayyip Erdogan's first visit to Germany since 2020 comes ahead of municipal elections at which he hopes to win back the cities of Ankara and Istanbul. Erdogan will also need Chancellor Olaf Scholz's blessing if he is to buy the 40 Eurofighter Typhoon warplanes Turkey said on Thursday it wanted. In a sign of the visit's importance, Scholz took pains not to respond directly to Erdogan's loud condemnation of Israel's war against Hamas, in which many thousands of Palestinians have been killed. The response was decidedly mild given the fierce condemnation that far more muted criticisms of Israel typically draw in Germany, traditionally one of Israel's closest allies. Germany has expressed strong solidarity with Israel, while urging a focus on limiting the impact of the war on Gaza's civilians.

Persons: Tayyip Erdogan's, Erdogan, Olaf Scholz's, Scholz, Israel's, Israel, Aydin Yasar, It's, Thomas Escritt, Alexandra Hudson Organizations: Trade, European Union, Eurofighter Typhoon, Airbus, Hamas, German, SWP, NATO, Alexandra Hudson Our, Thomson Locations: Germany, Turkey, Gaza, BERLIN, Moscow, Ukraine, Berlin, Ankara, Istanbul, Israel, Turkish, Stockholm, Greece, Europe

☆ Awkward Allies: Gaza Overshadows Erdogan's Germany Visit
▼ + stars: | 2023-11-16 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +4 min

Tayyip Erdogan's first visit to Germany since 2020 comes ahead of municipal elections at which he hopes to win back the cities of Ankara and Istanbul. In a sign of the visit's importance, Scholz took pains not to respond directly to Erdogan's loud condemnation of Israel's war against Hamas, in which many thousands of Palestinians have been killed. The response was decidedly mild given the fierce condemnation that far more muted criticisms of Israel typically draw in Germany, traditionally one of Israel's closest allies. Germany has expressed strong solidarity with Israel, while urging a focus on limiting the impact of the war on Gaza's civilians. With some three million people with Turkish roots in Germany such encounters are always fraught, but now the risk was judged too great.

Persons: Thomas Escritt BERLIN, Tayyip Erdogan's, Erdogan, Olaf Scholz's, Scholz, Israel's, Israel, Aydin Yasar, It's, Thomas Escritt, Alexandra Hudson Organizations: European Union, Eurofighter Typhoon, Airbus, Hamas, German, SWP, NATO Locations: Moscow, Ukraine, Germany, Berlin, Ankara, Istanbul, Turkey, Israel, Gaza, Turkish, Stockholm, Greece, Europe

☆ Explainer: What Turkey gained in delaying Sweden's NATO bid
▼ + stars: | 2023-11-16 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +5 min

NATO, Turkish, Swedish and Finnish flags are seen in this illustration taken May 18, 2022. Last year, Stockholm reversed a ban on exporting military equipment to Turkey, without revealing details of companies or products. WHAT HAVE OTHER NATO MEMBERS DONE? In October, Erdogan sent Sweden's NATO bid to Turkey's parliament for consideration. But it has faced objections in the U.S. Congress over Turkey's delaying NATO enlargement and its human rights record.

Persons: Dado Ruvic, Tayyip Erdogan, Erdogan, Gunnar Strommer, Jens Stoltenberg, Thomas Goffus, Huseyin Hayatsever, Jonathan Spicer, Alex Richardson Organizations: REUTERS, Rights, Turkish, NATO, Stockholm, Kurdistan Workers ' Party, European Union, Canada, SWEDEN GO, U.S . Congress, Kurdish, Hamas, U.S, Thomson Locations: Rights ANKARA, Ukraine, Turkey, Hungary, Sweden, Stockholm, Helsinki, Washington, SWEDEN, FINLAND, Madrid, Finland, Kurdistan, Ankara, United States, Netherlands, Brussels, Gaza

☆ Sweden's NATO bid delayed in Turkish parliament
▼ + stars: | 2023-11-16 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsANKARA, Nov 16 (Reuters) - The Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid on Thursday in a further setback to the Nordic country's hopes of joining the Western alliance after 18 months of waiting. "For all of our lawmakers to approve Sweden's NATO membership, they need to be fully convinced. While there is no clear timeframe on approving the purchase request for the F-16s, Ankara has linked the issue to Sweden's bid. Some analysts say Turkey's parliament could fully ratify the bid by a NATO foreign ministers meeting in Brussels on Nov. 28-29. While NATO member Hungary has also not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Dado Ruvic, Fuat Oktay, Tayyip Erdogan's, Oktay, Erdogan, Finland's, Burak, Ali Sahin, Huseyin Hayatsever, Jonathan Spicer, Christina Fincher Organizations: NATO, REUTERS, Rights, Nordic, Kurdistan Workers, European Union, AK Party, White, Sweden's, Thomson Locations: Rights ANKARA, Turkish, Swedish, Sweden, Finland, Ukraine, Turkey, embargoes, United States, Stockholm, Canada, Netherlands, Ankara, Brussels, Gaza, Moscow, Russia, Hungary, U.S, Hungarian, Budapest

☆ Turkey's Bayraktar TB2 drones have lost their edge in Ukraine, but the company behind them is still making a big bet there
▼ + stars: | 2023-11-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

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

Two and a half weeks after sending tanks and ground troops into northern Gaza, Israeli forces entered a hospital early Wednesday that they claim Hamas operates out of. The Israeli army claims the militant group uses hospitals as cover for its fighters, and has set up its main command center in and beneath Shifa Hospital, the largest in the besieged territory. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Both Hamas and Shifa Hospital staff deny the Israeli allegations. ISRAEL SAYS IT'S CARRYING OUT A ‘PRECISE AND TARGETED OPERATION’ INSIDE GAZA'S SHIFA HOSPITALJERUSALEM — The Israeli military says its forces have entered Gaza’s Shifa hospital, the site of a lengthy standoff.

Persons: Mohammed Zaqout, — Israel, ‘, ’, Ahmed Mhanna, ”, Jabaliya, Mhanna, NETANYAHU, Benjamin Netanyahu, Netanyahu, ” Netanyahu, “, Fahrettin Koca, Koca, Hossein Amirabdollahian, Martin Griffiths, Meirav Eilon Shahar, “ Israel, ” Philippe Lazzarini, CAIRO —, Munir al, Boursh, ” Israel, Hamas ”, Paltel, Israel, ” Griffiths, Shifa, that’s, Jonas Gahr Støre, Espen Barth Eide, ” Barth Eide, Recep Tayyip Erdogan, Erdogan, ” Erdogan, Israel —, Daniel Hagari, Hamas’s, ” Hagari, KHAN YOUNIS, Mohammad al, Abdallah, National Security Itamar Ben, Gvir, Nasser, Khan Younis, Catherine Russell, Russell, ” Russell, ISRAEL Organizations: Hamas, Shifa, Shifa Hospital, Health Ministry, . Security, ASEAN, AS, Awda Hospital, Awda, PEACEMAKING GROUP GENEVA, Centre, Associated Press, Iran's, Iranian, ” UN, UNRWA, United Nations, OFFICIAL, International Committee, COMMUNICATIONS COMPANY, UN OFFICIAL, Health Organization, ” FIRST, NTB, ISRAEL, TEL, Israeli Defense Forces, IDF, MINISTRY, Ministry of National Security, National Security, UNICEF, JERUSALEM Locations: Gaza, Israel, Shifa, Myanmar, Washington, israel, GAZA, CAIRO, Jabaliya, GAZA ZIKIM, Israeli, Gaza City, TURKEY ANKARA, Turkey, Egypt, Rafah, Geneva, Basque, Spain, Iranian, Iran, Palestine, ”, Territories, United States, JERUSALEM, Palestinian, GENEVA, what’s, GAZA COPENHAGEN, Denmark, Norwegian, Norway, ISRAEL ANKARA, Turkish, TEL AVIV, West Bank, Ben, Khan, SHIFA

☆ Wikipedia founder escalates feud with Elon Musk. He says the former Twitter is 'overrun by trolls and lunatics' — and people are fleeing.
▼ + stars: | 2023-11-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

AdvertisementWikipedia founder Jimmy Wales just threw the latest punch in his ongoing feud with X owner Elon Musk. Wales said that X — formerly known as Twitter — has become, in his view, overrun with "trolls and lunatics. "It's probably a terrible business model, but that's the history of my career," he said with a laugh. "If you have the same business model as everyone else, you're driven by the same pressures. If you have a different business model you can say, 'OK, now, why would people pay for this?'"

Persons: Jimmy Wales, —, Elon Musk, Musk, he'd, Donald Trump, Kanye West, influencer Andrew Tate ., he's, it's Organizations: Web, Wales, Service, X, Twitter, CNBC Locations: Wales, Turkey, influencer Andrew Tate . Wales

☆ Turkey's Erdogan calls Israel 'terror state', slams West
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

ANKARA, Nov 15 (Reuters) - Turkish President Tayyip Erdogan said on Wednesday Israel was a "terror state" committing war crimes and violating international law in Gaza, sharpening his repeated criticism of Israeli leaders and their backers in the West. Britain, the United States, European Union and some Arab states deem Hamas a terrorist group, unlike Turkey. "With the savagery of bombing the civilians it forced out of their homes while they are relocating, it is literally employing state terrorism," Erdogan said of Israel in parliament. "I am now saying, with my heart at ease, that Israel is a terror state". "The West, namely the United States, is unfortunately still seeing this issue backwards," Erdogan said.

Persons: Tayyip Erdogan, Olaf Scholz, Erdogan, Israel, Benjamin Netanyahu, Netanyahu, Huseyin Hayatsever, Andrew Cawthorne, Toby Chopra Organizations: Israel, Palestinian, Hamas, International Court of Justice, European, Thomson Locations: ANKARA, Gaza, Germany, The Hague, Britain, United States, European Union, Turkey, Ankara, Israel, Western

☆ Turkey's crypto rules seen addressing licensing, taxation after boom
▼ + stars: | 2023-11-14 | by ( Ezgi Erkoyun | ) www.reuters.com time to read: +5 min

MARKET BOOM"We have been observing that the interest in crypto assets in Turkey is on a continuous rise. There is currently a lack of regulation in this area," said Mucahit Donmez, chief executive of crypto currency exchange Binance Turkey. The government said work on regulation for crypto asset service providers and taxation of digital virtual assets will be on the agenda for 2024. In 2021, authorities banned the use of crypto assets for payments after some local exchanges were investigated for fraud. Onur Altan Tan, board member at Futurance Finance Tech & Fexobit crypto currency platform, said that they are expecting the new regulation to detail out licensing criteria for platforms and bring taxation for users.

Persons: Bora Erdamar, Erdamar, Mehmet Simsek, FATF, Mucahit Donmez, Altan Tan, There's, Ezgi Erkoyun, Jonathan Spicer, Sharon Singleton Organizations: BlockchainIST, Turkey, FATF's, Service, Binance Research, Futurance Finance Tech, Thomson Locations: Turkey, ISTANBUL, Ankara, Paris, United States, India, United Kingdom

☆ Erdogan says legal amendment could be needed to solve Turkish judicial crisis
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan attends Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. "It is not difficult to make legal arrangements regarding individual applications (to the Constitutional Court)," Erdogan told reporters on a flight back from Saudi Arabia, according to a text published by his office on Sunday. "But the work is not done after completing the legal amendments on individual applications," he added, signalling that more legal changes on the matter could be considered. At issue is a ruling by the Constitutional Court last month that jailed parliamentarian Can Atalay should be released. In response to the Constitutional Court ruling, the Court of Cassation said the Constitutional Court's ruling was unconstitutional.

Persons: Tayyip Erdogan, Erdogan, Osman, Cassation, Ozgur Ozel, Huseyin Hayatsever, William Maclean Organizations: Islamic Cooperation, Saudi Press Agency, Handout, Rights, Constitutional, Cassation, CHP, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA

☆ Turkey calls for international conference to reach permanent peace in Middle East
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.

Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian

[1/2] An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. The three companies signed a non-binding agreement in February to form a joint venture to create one of Europe's biggest electric vehicle (EV) battery cell facilities near Turkey's capital Ankara. "Considering the current pace of electric vehicle adoption, the timing is not appropriate for a battery cell investment," Koc Holding said in a statement to the Public Disclosure Platform (KAP). "Ford and Koc Holding will remain committed to support electric vehicle production at Ford Otosan's (FROTO.IS) Kocaeli Plant and will evaluate potential battery cell investments in the future in line with the dynamics of the electric vehicle market," it said. "LG Energy Solution and Ford are working together on a plan to support battery cell production for this EV from LG Energy Solution’s existing operations, extending the companies’ long-standing business relationship," LGES said in a statement.

Persons: Kim Hong, Koc, Ford, LGES, Ebru Tuncay, Heekyong Yang, Huseyin Hayatsever, Chizu Nomiyama, Diane Craft Organizations: LG Energy, REUTERS, Rights, Turkey's Koc, Ford, Koc Holding, General Motors, LG, EV, EVs, Thomson Locations: Seoul, South Korea, Rights ANKARA, SEOUL, Korean, Turkey's, Ankara, China, Europe, United States, Poland, Indonesia, Canada

☆ Erdogan, a jailed politician and Turkey's judicial crisis
▼ + stars: | 2023-11-10 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsErdogan, a jailed politician and Turkey's judicial crisisPostedA dispute between two of Turkey's top courts over a politician's imprisonment is raising concerns over the rule of law, with the bar association in the country denouncing it as an "attempted coup." President Erdogan says the country needs a new constitution to restore order. Matthew Larotonda reports.

Persons: Erdogan, Matthew Larotonda

☆ Erdogan criticises top Turkey court, stoking 'judicial crisis'
▼ + stars: | 2023-11-10 | by ( Ece Toksabay | ) www.reuters.com time to read: +4 min

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

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