Central Bank Gov. Uysal’s replacement combined with Finance Minister Albayrak’s resignation might signal the end of an era in monetary policy that relied on an unorthodox policy mix with low interest rates and foreign exchange reserve sales. We are still trying to sort out what to expect from the second week of November after a
The breaking news that Treasury and Finance Minister Berat Albayrak resigned hit the agenda of politics and the economy on the evening of Nov. 8. As of early Nov. 9 when this article was penned, there was still no statement from President Tayyip Erdoğan or his Directorate of Communications. State broadcaster TRT and Hürriyet, Sabah
The U.S. is used to express its concerns each time election results are delayed even for one day in any other country but now it is facing such troubles. President Donald Trump had made every appointment to key offices, including the administration of the postal service, in a bid to hamper his rival Joe Biden
Search and rescue efforts have been terminated in İzmir following the Oct. 30 earthquake that claimed 114 lives. The final efforts at the Rıza Bey Apartment, one of the 17 buildings that collapsed in central İzmir, was ended and removal of the debris began, said Mehmet Güllüoğlu, the chairman of Turkey’s disaster agency AFAD. The
Democrat candidate Joe Biden is ahead in the US Presidential election. According to a poll by Fox TV, an ardent defender of President Donald Trump, he is 8 points ahead. The difference is more than what Hillary Clinton appeared to have over Trump in polls four years ago. Still, there is mention of “Embarrassed Trumpism”
The death toll in the Oct. 30 earthquake in the Aegean province of İzmir has increased to 83, according to the official disaster agency, AFAD. Some 220 of the 994 people wounded in the earthquake are still treated in hospitals, AFAD said. The number of damaged or collapsed buildings is 58, Urban Minister Murat Kurum
Search and rescue efforts continue after the Oct. 30 earthquake with a magnitude of 6.6 that hit Turkey’s Aegean province of İzmir. At least 51 citizens were killed, Vice President Fuat Oktay confirmed on Nov. 1. Three out of 11 citizens under intensive care are in critical condition, he said. Rescue work contiunes in eight
Charlie Hebdo’s publications have moved from the field of freedom of expression to the field of provocation. I was among those who stood for them in the name of freedom of expression and non-violence regardless of the Prophet Mohammad cartoons they published when Al-Qaida terrorists raided the Charlie Hebdo building and killed five people, injuring
The ban on Oct. 29 Republic Day celebrations on the one hand and the solacement of the “controlled conflict strategy” on the other. But we should give the AKP credit for naming situations. President Tayyip Erdoğan had gathered on July 24 some 350 thousand people from all over Turkey in Istanbul for prayers at the