Markets slide as Turkey faces runoff election after Erdogan’s first-round lead

Hasnain Malik, Telemer, Dubai: “It is a major disappointment for investors hoping for a victory for opposition candidate (Kemal) Kılıçdaroğlu and his promise to reverse conservative economic policy; a hope reinforced by the return of rival centrist candidate Ines on 11 May. “For the Bulls on Turkish Assets, expectations have quickly shifted from a possible […]

Erdogan attacks LGBTQ ahead of crucial vote

President Recep Tayyip Erdogan on Thursday launched a new attack against Turkey’s LGBTQ community in a bid to rally his conservative voters in the May 14 elections. Turkey’s longest-serving leader has campaigned tirelessly since withdrawing over a health scare that sidelined him for three days last week. Polls show the 69-year-old running alongside left-wing secular […]

Turkey’s parliament ratifies Finland’s NATO accession as Sweden waits

After completing the ratification process, both Turkey and Hungary are required to send their ratification documents to the US government in Washington, which is NATO’s depository under the alliance’s founding treaty. Stoltenberg will formally invite Finland to join NATO. The Finnish government said that as a final step, Finland would deliver an “instrument of accession” […]