TURKISH-OWNED SHIP SUNK IN BLACK SEA, ANKARA WARNS BOTH UKRAINE AND RUSSIA
A Turkish-owned commercial cargo ship sank in the Black Sea following an Unmanned Aerial Vehicle (UAV) attack, killing all 10 crew members on board, BBC Turkish reported.
Analysis
In-Depth Analysis
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FUND CRISIS TOLL DEEPENS AS INVESTOR PAYOUTS BEGIN
In one of the country’s largest financial scandals, payments to victimized fund investors began and priority will be given to small investors, according to statements from officials.
ELECTRONICS GIANT VESTEL IN SEVERE FINANCIAL DISTRESS
Electronics and home appliances exporter Vestel Elektronik faces growing financial pressure as Moody’s cut its long-term rating and warned of a very high risk of default.
CALLS FOR CONSTITUTIONAL COURT TO OVERTURN INTERNET BLOCKS
Scores of journalists, activists, and politicians gathered outside the Constitutional Court Oct. 7 to protest censorship of social media accounts.
CEMİL TUGAY’S SWITCH TO THE AKP AND THE SPOUSAL FACTOR
Izmir Metropolitan Mayor Cemil Tugay’s decision to join the AKP caused a major stir, bitter disappointment, and protests. After all, Izmir has long been regarded as a stronghold of left-wing politics. In fact, the city can be analyzed as “a city with center-right leanings that consistently votes for left-wing social democrats because of its opposition to the AKP.”
OPERATIONS AGAINST OPPOSITION MAYORS REACH MERSIN
Fresh judicial action hit opposition-run municipalities on Oct. 1, the day parliament reopened. Mersin Metropolitan Mayor Vahap Seçer, Yenişehir Mayor Abdullah Özyiğit and Mezitli Mayor Ahmet Serkan Tuncer were among 59 people detained.
NEW PROBE TARGETS FOOTBALL REFEREES
A judicial investigation has spread to top-tier football referees, leading to the detention of Central Referee Committee (MHK) Chair Ferhat Gündoğdu and six other officials.
SOCIALIST INTERNATIONAL SUSPENDS CHP, ADMITS YENI PARTY
The global umbrella of social democratic parties, Socialist International, suspended the CHP under its court-appointed leadership and admitted Özgür Özel's Yeni Party as a full member.
FUND CRISIS HITS MARKETS
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
GOVERNMENT PREPARES REGULATORY OVERHAUL
The government is preparing comprehensive reforms across its financial regulatory bodies following the massive investment fund crisis that shook domestic markets.
FUEL PRICES SURGE AS GOVERNMENT PHASES OUT TAX RELIEF
The government has officially ended its sliding scale tax mechanism on fuel, triggering an immediate price hike at the pump.
MONEY, SECOND-GENERATION AKP POLITICIANS, AND FATMA BETÜL SAYAN KAYA
Fatma Betül Sayan Kaya is a politician who has figured prominently in the latest investment fund scandal. She and her husband made staggering sums from funds in a very short time.