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Feb 23, 2015

In soldiers’ rescue, Turkey plays off warring sides in Syria

ISTANBUL (Reuters) – By extracting dozens of its soldiers surrounded by Islamist fighters in Syria, Turkey has warded off a potential crisis and shown its ability to maneuver between rival warring parties, including Islamic State.

Several hundred Turkish ground troops, backed by tanks and drones, mounted an eight-hour operation on Saturday night to evacuate the 38 soldiers guarding the tomb of Suleyman Shah, grandfather of the founder of the Ottoman Empire.

Feb 10, 2015

Finance chiefs vow action to bolster growth at G20 meet, Greece weighs

ISTANBUL (Reuters) – Finance officials from the Group of 20 leading economies sketched an uncertain outlook for global growth on Tuesday and vowed to use monetary and fiscal policy if needed to stem any risk of stagnation.

The United States urged nations at the G20 meeting not to resort to currency devaluations to boost exports, an indication Washington is starting to feel wary of its allies manipulating their exchange rates to support growth.

Feb 10, 2015

U.S. warns G20 against using exchange rates to boost exports

ISTANBUL (Reuters) – The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth.

The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at different speeds, monetary policies diverging and Greece casting a new shadow over Europe.

Feb 10, 2015

G20 pledges decisive monetary, fiscal action if needed – draft text

ISTANBUL, Feb 10 (Reuters) – The Group of 20 (G20) leading
economies will pledge to act decisively on monetary and fiscal
policy if needed to combat the risk of persistent stagnation,
according to a draft communique obtained by Reuters on Tuesday.

The communique, intended for adoption by G20 ministers later
on Tuesday at a meeting in Istanbul, pointed to the risk of
prolonged low inflation, sluggish growth and demand weakness in
some advanced economies.

Feb 8, 2015

Spurring growth center stage as finance chiefs meet in Istanbul

ISTANBUL (Reuters) – Finance ministers and central bankers face a tough task coordinating action to spur global growth at G20 meetings this week, with major economies running at different speeds and monetary policies diverging.

Concern over the ability of the United States to sustain the global economy as most of the world slows will be high on the agenda as the Group of 20 leading economies hold talks in Istanbul on Monday and Tuesday.

Jan 21, 2015

Turkish cenbank head down, not out as govt lambasts rates policy

ISTANBUL, Jan 21 (Reuters) – Turkish Central Bank Governor
Erdem Basci must be wondering what more he can do to get
President Tayyip Erdogan off his back.

Hours after delivering a 50 basis point interest rate cut on
Tuesday, wider than most economists had expected, Erdogan and
government ministers were falling over themselves to lambast him
for not cutting far enough.

Jan 18, 2015
via FaithWorld

Turkish PM Davutoglu says Israeli ‘provocations’ radicalizing Muslim world

Photo

(Turkey’s Prime Minister Ahmet Davutoglu speaks during an interview with Reuters in Istanbul January 16, 2015. REUTERS/Murad Sezer)

Turkish Prime Minister Ahmet Davutoglu accused his Israeli counterpart Benjamin Netanyahu on Friday of terrorism and said Israeli “provocations” such as the bombardment of Gaza were contributing to radicalization in the Muslim world.

Jan 17, 2015

Turkish PM says Israeli ‘provocations’ radicalizing Muslim world

ISTANBUL (Reuters) – Turkish Prime Minister Ahmet Davutoglu accused his Israeli counterpart Benjamin Netanyahu on Friday of terrorism and said Israeli “provocations” such as the bombardment of Gaza were contributing to radicalization in the Muslim world.

In a Reuters interview, Davutoglu said peace in the Middle East and the eradication of extremist groups would be virtually impossible without the establishment of a Palestinian state.

Dec 19, 2014

In dealings with the West, Erdogan holds all the cards

ISTANBUL (Reuters) – President Tayyip Erdogan’s tightening grip on power is likely to meet little more than symbolic resistance from the West next year, as Turkey’s G20 presidency and the fight against Islamic State trump concerns about a slide towards authoritarianism.

Critics at home and abroad see Erdogan as an increasingly unpredictable leader, bent on a more powerful presidency and revenge on his political enemies. They fear he is taking Turkey ever further from Western standards on rule of law and free speech.

Dec 16, 2014
via FaithWorld

Factbox: Turkish government’s battle with U.S.-based Muslim cleric Gülen

Photo

(Zaman editor-in-chief Ekrem Dumanli (C), escorted by plainclothes police officers, is cheered on by his colleagues as he leaves the headquarters of Zaman daily newspaper in Istanbul December 14, 2014. REUTERS/Murad Sezer)

Turkish police have raided media outlets close to U.S.-based Muslim cleric Fethullah Gülen, in what President Tayyip Erdogan defended as a necessary response to “dirty operations” by the government’s political enemies.

    • About Nick

      "Based in Lagos since early 2008, responsible for coverage of Africa's most populous nation. Previously based in Senegal for four years, covering West and Central Africa, and before that in Germany and Britain."
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