Tension is mounting between Berlin and Ankara after German authorities cancelled rallies in support of Turkey's President Recep Tayyip Erdogan in some German cities. The strain has economic consequences - especially for Turkey.
As Turkey's inflation hits its highest annual rate in 14 years, a small rate hike could be expected. But economic rationality and Erdogan’s politically coordinated cheap money boom have never been the best of bedfellows.
A Turkish-Iranian gold trader has testified in a US court that he paid bribes as part of an Iran sanctions busting scheme. The case implicates Turkey's former economy minister and bankers close to the government.
Turkey is a NATO member, which makes the fact that it is planning to buy anti-aircraft systems from Russia more than a little unusual. Are Ankara and Moscow developing a closer partnership? Miodrag Soric comments.
German Chancellor Angela Merkel's administration has been criticized for massively increasing arms sales to Middle East dictatorships Saudi Arabia and Egypt. One opposition lawmaker branded the trade "reprehensible."
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