Turkey is increasing its engagement in several African countries in an effort to boost its influence and trade. But with China and Russia being the dominant players there, Ankara is struggling to find its role....
Turkey has increased its base interest rates by a whopping 6.5%, the clearest indication yet that the unconventional economic policy dubbed “Erdonomics” might be history now in Recep Tayyip Erdogan’s new government. Turkey’s central bank delivered...
The Turkish lira has plumbed new depths after the reelection of President Recep Tayyip Erdogan, and inflation remains stubbornly high. Will the Turkish ruler change his unorthodox economic policies now? Since Recep Tayyip Erdogan first came to...
The concept of the “Global South” has been all the rage in recent months, along with that of the “de-Westernization of the world”. Is it the same phenomenon and what realities do these two expressions...
Turkish President Recep Tayyip Erdogan also says his country will extend use of Russia’s Mir payment system. His announcements came after meeting with Russian leader Vladimir Putin in Sochi. Turkey will switch part of its...
As President Recep Tayyip Erdogan has refused to allow interest rate rises, Turkey steps toward capital controls to support its national currency, the lira. Analysts say an economic slowdown may be on the way. Turkey,...
Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass payment bottleneck created by Western sanctions. Turkey wants to boost...
The dramatic collapse of the Turkish lira was like an accident one could not help look at, but it was not an accident, but the result of a disregard for the exchange rate and compromised...
The global capital markets are subdued today as investors wrestle with the rising virus, the shifting stance of several central banks, and a more tense geopolitical backdrop. Equity markets are struggling today. Most of the...
A Global Stock Market rout, turmoil in the Emerging market currencies, and a probable full-blown debt crisis, all prompted by a single tweet? While President Trump might have been pleased and would want to take...
For years on end, Turkey has been able to log astonishing growth rates. But economists are now sounding the alarm bells, saying that political uncertainties are not the only cause for concern in the coming...
Investors, chasing better returns in US dollars, have forced the two countries’ currencies into free fall. The big question is whether the rout can threaten financial markets and the global economy medium-term. The words “taper...
