Latest Turkey government News

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: Turkey, Europe 'on same page' opposing US moves

Aug. 16, 2018 12:00 PM EDT

ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 6:55 p.m. A top Turkish official says Turkey, France and Germany "are on the same page" concerning their opposition to U.S. sanctions and tariffs restricting trade. Presidential spokesman Ibrahim Kalin also told reporters...

Turkish finance chief tries to reassure investors on crisis

Aug. 16, 2018 11:20 AM 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: 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...

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...

How US Fed is unintentionally squeezing developing economies

Aug. 15, 2018 3:01 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...

2 Greek soldiers released from Turkish jail return to Greece

Aug. 14, 2018 9:43 PM EDT

THESSALONIKI, Greece (AP) — Two Greek soldiers freed after months in a Turkish prison returned to their home country by government jet early Wednesday after their unexpected release eased tensions between the neighbors and historical rivals. Defense Minister Panos Kammenos said he phoned his Turkish...