Ten years after the worst financial panic since the 1930s, growing debt burdens in key developing economies are fueling fears of a new crisis that could spread far beyond the disruption sweeping Turkey.
Turkish President Recep Tayyip Erdogan on Sunday vowed Ankara would pursue non-dollar transactions in trade with Russia and other countries, accusing the US of behaving like ‘wild wolves.’
The United Nations called on Russia, Iran and Turkey on Thursday to forestall a battle in Syria’s Idlib province which would affect millions of civilians and could see both sides using chlorine as a chemical weapon.
Russian Foreign Minister Sergei Lavrov on Wednesday described militants in Syria’s last big rebel-held enclave of Idlib as a ‘festering abscess’ that needed to be liquidated.
Turkish President Tayyip Erdogan will visit Iran on Sept 7, his office said on Monday, on a trip expected to include a three-way summit with Russian and Iranian leaders.
The Islamic State hold on territory has been broken, but Iraq now faces another existential threat as it battles neighboring Iran and Turkey for access to an increasingly scarce flow of water to the once-flourishing Fertile Crescent running down the spine of the country.
Turkish President Recep Tayyip Erdogan declared Saturday that his country would not be cowed by the United States, his latest broadside in the bitter feud between Ankara and Washington.
Key advocates pressing Turkey for the release of a U.S. pastor and several other U.S. diplomats are praising the Trump administration for refusing to negotiate with Ankara about U.S. sanctions relief even as they acknowledge an impasse in the efforts to win the Americans’ freedom.
Treasury Secretary Steven T. Mnuchin said Thursday that the United States is preparing more sanctions against Turkey if American pastor Andrew Brunson is not released from custody.
Qatar has pledged to invest $15 billion in Turkey as Ankara rolls out measures to strengthen the lira amid a trade spat with the US.
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.
Turkey on Wednesday rejected the U.S.’ appeal for an American pastor’s release from detention, Turkish media reported.
US President Donald Trump authorized the defense policy bill containing a clause delaying the transfer of F-35 fighter jets to Turkey.
Turkey’s Islamist government vowed late Wednesday to respond to the imposition of U.S. sanctions against two of its government ministers over the treatment of an American pastor, and one of the targeted ministers shrugged off the move, saying he had no financial interests in the United States.
A Turkish court rejected an appeal on Tuesday for an American pastor to be released from house arrest during his trial on terrorism charges, his lawyer said, in a case that has raised the threat of U.S. sanctions against Ankara.
Two Iranian Christians are pleading with the world to hear the cries of the Iranian people as they recounted their own ordeal of being imprisoned for their faith.
President Recep Tayyip Erdogan struck a defiant tone on Sunday in response to US President Donald Trump’s threat to impose sanctions on Turkey if it didn’t release American pastor Andrew Brunson, who has been held in Turkish detention for the past two years.
President Donald Trump threatened to impose economic sanctions on Turkey on Thursday for detaining an American pastor facing terrorism charges.
Erdogan, 64, is positioning himself as the bearer of a new Turkish identity, one more closely aligned with Turkey’s Ottoman past and Islamic heritage.
An American pastor who had been jailed in Turkey for more than 1½ years on terror and espionage charges was released Wednesday and put under house arrest as his trial continues.