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Stories Tagged as

Turkey

Why the Turkish lira’s downfall scares investors

by Justin Ho
Aug 13, 2018
The economic crisis in Turkey deepened this morning, despite moves by central bank officials in Ankara to calm the flight from the currency. The Turkish lira has lost 39 percent of its value since the beginning of the month. And there’s a reason why the lira’s downfall makes investors nervous — analysts are looking to see […]
A woman poses for a photograph with Turkish Lira currency on Aug. 13, 2018 in Istanbul, Turkey.The lira hit another record low overnight forcing Turkey's Central Bank to act to curb the lira's collapse however the action was not enough to subdue investors fears over the countries financial crisis. 
Chris McGrath/Getty Images
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As Turkey’s currency tumbles, contagion fears rise

by Reema Khrais
Aug 10, 2018
Turkey’s currency, the lira, is in free fall. It’s been declining for months and today it reached a record low, down by as much as 18 percent. Part of the reason is Turkey’s bad relations with the United States. The two countries have been at odds lately over the detention of an American pastor. And […]
Turkish Lira currency is seen on November 21, 2017 in Istanbul, Turkey.
Chris McGrath/Getty Images
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Turkey shaken by financial fears, Trump rattles it further

by Associated Press
Aug 10, 2018
Trump tweeted that he had authorized the doubling of steel and aluminum tariffs “with respect to Turkey.”
A view of Turkish Lira.
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Turkey raises interest rates to stem currency crisis

by Tracey Samuelson
May 23, 2018
The Turkish lira has been on a wild slide recently. It dropped 5 percent against the dollar Wednesday, its biggest loss in nearly a decade, before the country’s Central Bank stepped in with an emergency meeting that reversed some of those losses. The bank finally did something it’d been resisting. Something its president had been […]
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What’s pushing Turkey’s economy into the danger zone?

by Victoria Craig
May 3, 2018
High inflation, a depreciating currency, robust growth: What's going on in Turkey?
Chris McGrath/Getty Images
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Final Note

You can take a frozen turkey through airport security

by Kai Ryssdal
Nov 21, 2016
Along with mashed potatoes and cranberry sauce.
A turkey is on view for sale at a grocery store November 20, 2014, in Centreville, Virginia. 
PAUL J. RICHARDS/AFP/Getty Images
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Black Sea pipeline about politics more than energy

by Andy Uhler
Oct 12, 2016
Deal between Russia and Turkey would shift energy markets, geopolitics.
Turkey's President Recep Tayyip Erdogan, Russia's President Vladimir Putin and Azerbaijan's President Ilham Aliyev applaud during the 23rd World Energy Congress on Monday in Istanbul.
OZAN KOSE/AFP/Getty Images
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Turkey — EU tensions threaten refugee deal

by Stephen Beard
Aug 22, 2016
A deal credited with cutting refugee flow into Europe is in peril.
The European Union's deal with Turkey over migration could be in jeopardy in the aftermath of the country's recent attempted coup.
RIS MESSINIS/AFP/Getty Images
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For authoritarian rulers, control of social media is key

by Dan Gorenstein
Jul 19, 2016
The failed coup in Turkey showed social media are now as important as traditional.
Turkish President Recep Tayyip Erdogan speaks on CNNTurk via Facetime call in the early morning hours of July 16, 2016 in Istanbul, Turkey.
Burak Kara/Getty Images
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Military coup serves another blow to Turkey’s tourism

by Donna Tam
Jul 18, 2016
Friday’s unsuccessful attempt to overthrow the government leadership hurts the country’s already declining preference among travelers.
A view of the Fatih Mosque in Istanbul, Turkey.
Chris McGrath/Getty Images
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