11 Posts

turkey

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Turkey central bank keeps key interest rate unchanged

  • 2 min
Turkey's central bank has maintained its key interest rate at 50 percent for the second consecutive month, despite the country grappling with surging inflation. The bank remains vigilant of inflation risks and is poised to tighten monetary policy if needed. The government has also announced a three-year austerity plan to curb public spending and combat inflation.
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Turkey moves against Instagram-owner Meta

  • 2 min
Turkey's competition authority imposed an interim measure on Meta Platforms, aiming to limit data sharing between Instagram and Threads. This is part of an investigation into potential abuse of Meta's dominant market position. The authority also fined Meta for insufficient and non-transparent notification about data sharing among its platforms. Meta has not yet commented on these decisions.
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Turkey detains 7 suspected of spying for Israel

  • 2 min
Turkey detains 7 people, including a special detective, suspected of spying for Israel's Mossad. They are accused of passing on information in exchange for money. This follows earlier arrests of 34 individuals suspected of planning abductions and spying for Mossad. This escalates tensions between Turkey and Israel, led by strong criticism from President Erdogan.
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Pakistan condoles martyrdom of 12 Turkish soldiers

  • 2 min
Pakistan expressed deep condolences for the 12 Turkish soldiers martyred in counter-terrorism operations, standing in firm solidarity with Turkiye. Additionally, the Foreign Office condemned the custodial killing of three Kashmiri civilians in the Indian Illegally Occupied Jammu and Kashmir, asserting that India's brutal occupation is the root cause of major issues in the region.
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Azerbaijan and Turkey Conduct Joint Drills near Armenia

  • 2 min
Recent developments in the region have brought attention to the joint military exercises being conducted by Azerbaijan and Turkey near the border with Armenia. Following Azerbaijan's successful recapture of Nagorno-Karabakh from Armenian separatists, the defense ministry of Azerbaijan has announced the commencement of these tactical drills in various locations including Baku, the Nakhichevan exclave, and territories recently regained from Armenian separatists.