NOD FROM EASTERN LIBYA SETS OFF MEDITERRANEAN TRAFFIC
Libya's eastern-based parliament has ratified the maritime deal with Ankara, rebalancing alliances across the Eastern Mediterranean.
Analysis
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Libya's eastern-based parliament has ratified the maritime deal with Ankara, rebalancing alliances across the Eastern Mediterranean.
Authorities launched a tax audit targeting Cengiz Holding, a prominent pro-government conglomerate, but the decision to move the case from Istanbul to Ankara has raised questions. The group is also facing fierce environmental backlash over its partnership in the COP31 climate summit.
The government is seeking to create the impression that it is cutting ties with those involved in the stock market scandal and has launched an investigation, announcing that up to a million liras of losses will be repaid to investors soon. But the opposition calls it the 'corruption of the century' and is seeking a parliamentary inquiry.
The EU is enforcing new temporary safeguard measures on some steel and related products imported from Turkey starting Sept. 25.
Rising labor and production costs are forcing Turkish apparel manufacturers to seek new low-cost hubs, turning to Syria and Uzbekistan after previously expanding into Egypt.
Yeni Party Chair Özgür Özel defended his decision to shake hands with Kemal Kılıçdaroğlu, the CHP chair reinstated by court order, twice in a week, after facing criticism from his voters.
Turkey spent 5.5 times more on interest payments than on public investment in the first half of the year, as debt servicing became the single largest item in a budget that ran a deficit of nearly 1 trillion liras.
A series of notable moves targeting companies producing 155 mm ammunition ammunition has taken place in recent days.
The parliament’s Planning and Budget Committee has approved an omnibus bill introducing significant tax incentives to boost nuclear energy investments.
Foreign investors' confidence in Turkish equities is under mounting pressure as two of the world's leading index providers signaled Istanbul's stock market could face a downgrade. Morgan Stanley Capital International (MSCI) issued another warning regarding investment accessibility and shareholder transparency, announcing it may re-evaluate free-float structures on a company-by-company basis and reclassify certain shareholders as 'non-free float' to address distorted calculations driven by coordinated fund actions.
Education Minister Yusuf Tekin, no stranger to controversy, has provoked a backlash after announcing a change to the newly updated national school curriculum that renames the War of Independence.
This week, Turkish cinema lost the last of its truly beloved leading men. If only it had been a loss for cinema alone. All of Turkey lost Kadir İnanır.