Latest Recep Tayyip Erdogan News

Getting personal: US, Turkish leaders feud over arrest

Aug. 17, 2018 10:13 AM EDT

ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate...

Turkish finance chief tries to reassure investors on crisis

Aug. 16, 2018 8:06 PM EDT

ANKARA, Turkey (AP) — Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis. The national currency recovered somewhat from record lows hit earlier...

The Latest: Trump tweets support for pastor jailed in Turkey

Aug. 16, 2018 7:57 PM EDT

ANKARA, Turkey (AP) — The latest on Turkey's currency crisis (all times local): 2:55 a.m. President Donald Trump is calling on jailed pastor Andrew Brunson to serve as a "great patriot hostage" while he's being held in Turkey. Tweeting on Thursday, Trump says: "Turkey has taken advantage of the United...

Challenged by US and market crisis, Turkey turns to Europe

Aug. 16, 2018 12:28 PM EDT

ISTANBUL (AP) — Beset by a shaky currency and tension with the United States, Turkey is reaching out to Europe to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership. The engagement by Turkish President Recep Tayyip Erdogan, who has harshly...

The Latest: White House says Turkey treated pastor 'badly'

Aug. 15, 2018 4:25 PM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 11:15 p.m. The White House says "we won't forget" how Turkey has treated a detained American pastor, after a court rejected his appeal for release. Press secretary Sarah Huckabee Sanders told reporters Wednesday that Andrew...

Turkey braces for hard times amid currency crisis, US spat

Aug. 15, 2018 2:13 PM EDT

ISTANBUL (AP) — Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States — an indication that they are ready to endure economic pain and risk further deterioration in a key, yet troubled alliance dating from the Cold War....

Fed rate policy unintentionally pressures emerging economies

Aug. 15, 2018 2:12 PM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...

Turkey increases tariffs on some US goods, escalating feud

Aug. 15, 2018 12:17 PM EDT

ANKARA, Turkey (AP) — Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal — a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis . The...

Global markets sink on growth concerns, Turkey jitters

Aug. 15, 2018 8:22 AM EDT

BANGKOK (AP) — Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's DAX fell 1.1 percent to 12,220 and in France, the CAC 40 dropped 1.2 percent to...

How US Fed is unintentionally squeezing developing economies

Aug. 15, 2018 6:46 AM EDT

WASHINGTON (AP) — President Recep Tayyip Erdogan is blaming the United States for Turkey's financial crisis, ignoring homegrown problems like high debts, raging inflation and his own erratic policies. Yet one of the threats facing Turkey and other emerging-market countries really is made-in-America: By...