Turkey

President Donald Trump recently took to his social media handle about falling egg prices, claiming they are ‘WAY DOWN’ from the “Biden inspired prices” just weeks ago. In a post on Truth Social, he added, “Groceries and Gasoline are down, also.” Meanwhile,...

The U.S. Justice Department has discovered $2 billion of Russian funds held at JPMorgan Chase & Co. (NYSE:JPM). This follows a series of substantial transfers from Russia to Turkey. What Happened: After Russia’s invasion of Ukraine, the country made several large payments to Turkey, with...

Turkey’s bid to join BRICS could have ramifications reverberating across a European Union (EU) already troubled by geopolitical and energy-supply concerns. Turkey will attend the BRICS summit in the Russian city of Kazan from October 22-24. Ankara will likely be asked to join the bloc,...

Ibrahim Kalin, head of Turkey’s National Intelligence Agency, met with representatives from the Palestinian militant group Hamas in Ankara, Turkey’s capital, to discuss the negotiations for a cease-fire in Gaza, according to media reports. Kalin met with a delegation from the Hamas...

Recep Tayyip Erdogan‘s government has lifted its nine-day ban on Meta Platforms, Inc.’s (NASDAQ:META) Instagram, following the Mark Zuckerberg-led social media platform’s agreement to comply with Turkey’s demands. What Happened: On Saturday, Turkey’s Transport and...

Turkey has banned Meta Platforms Inc.’s (NASDAQ:META) Instagram over the platform’s alleged non-compliance with the country’s laws. What Happened: The ban on Instagram was imposed following claims that the platform was suppressing condolence messages related to the assassination...

The Turkish Competition Board has fined Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) Google approximately $14.85 million (482 million Turkish Lira) for non-compliance with local competition regulations. What Happened: The Turkish competition authority announced the fine on Monday, citing Google...

Turkey has reportedly expressed its intention to join a moon base project spearheaded by China and Russia, diverging from the US-led Artemis program. What Happened: In a strategic move, Turkey has applied to join the International Lunar Research Station (ILRS), a moon-based initiative led by China...

In a significant development in the energy sector, Iraq is set to reactivate a previously dormant pipeline to Turkey, which could substantially impact regional oil exports and negotiations. What Happened: Iraq is reviving a pipeline to Turkey, potentially exporting 350,000 barrels per day by month...

The inflation rate in Turkey has surged to 68.5% annually, marking a 1.4% increase from February, despite the government’s efforts to curb inflation through interest rate hikes. What Happened: The Turkish Statistical Institute reported a 3.16% monthly increase in consumer prices, with...

Turkey’s stock market dipped on Monday while government bond yields jumped, following a resounding defeat for President Recep Tayyip Erdoğan's ruling Justice and Development party (AKP) in this weekend’s local elections. The main opposition Republican People’s party (CHP)...

Precious metals producer SSR Mining (NASDAQ:SSRM) on Tuesday retracted guidance, suspended dividend payments and stopped its share buyback plans two weeks after a landslide at its gold mine in Turkey left nine miners missing. Efforts to locate the missing workers have resumed after being suspended...

The U.S. has successfully disrupted financial flows between Russia and countries such as Turkey, the United Arab Emirates, and Kazakhstan. This was achieved through a warning to foreign financial institutions of potential sanctions, according to a senior U.S. Treasury official. What Happened: The U...

Turkey has been welcomed back into NATO’s good graces, and the U.S. has given the green light for a long-delayed $23 billion sale of F-16 fighter jets. What Happened: The decision to allow Sweden into NATO in late January, which required unanimous approval by all 31 members of the alliance,...

Bitcoin (CRYPTO: BTC) is back above $1 trillion in market capitalization and has hit an all-time high in the Japanese yen. This marks the first new all-time high in a major currency, following previous highs in the Argentine peso and the Turkish lira. What Happened: Bitcoin in JPY (BTC/JPY) is...