Turkey

Major Turkish cryptocurrency exchange Thodex ceased its activities, leaving its users scared of losing their funds. What Happened: On April 21, Thodex tweeted an announcement about the halting of its activity for four to five days. The exchange claimed that it halted...

Turkey’s Competition Board slapped a fine of over $36.65 million (TL 296 million) on Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google for abusing its monopoly position in the search engine arena, Reuters reports. Turkey’s Competition Authority alleged...

The Turkish lira rose by more than 2% against the U.S. dollar over the weekend, a departure from the usual for the country's currency in recent years.  What Happened: Turkish Finance Minister Berat Albayrak announced his resignation on Sunday, citing health reasons. This was the...

Turkey's domestic electric car project will see a set investment of $3.7 billion over the course of 13 years, the Official Gazette of Turkey said in a statement on Friday, as reported by Reuters. What It Means The project will receive additional benefits from the government, including tax...

Greece is buying three armed drones from the U.S. and another two from Israel, the country's defense minister Nikos Panagiotopoulos said, according to British newspaper the Times. What Happened The Greek minister told the country's parliament that the drones will be used as a defense...

Gravy for your turkey is delicious by itself and shouldn't be messed with. But for some, cannabis is a welcome addition. Kiva Confections is selling a turkey gravy packet which includes THC, the component of marijuana which gives users a buzz. The company says its special gravy includes...

U.S. House lawmakers voted overwhelmingly in favor of legislation to impose stiff economic sanctions against Turkey's political and defense leadership for the country's recent military incursion into northern Syria. In an Oct. 30 statement, House Foreign Affairs Committee Chairman Eliot Engel, D-...

President Donald Trump had a busy day on Twitter (NYSE: TWTR) today with most of it focused on retweeting news coverage of the impeachment inquiry. Here are the highlights. The Never Trumper Republicans, though on respirators with not many left, are in certain ways worse and more dangerous for our...

Donald Trump on Oct. 23 ordered the lifting of U.S. sanctions against three senior Turkish government officials and two ministries in response to Turkey's five-day ceasefire along the northern Syrian border.  "As a result of today's action, all property and interests in property, which had been...

The U.S. has reached an agreement with Turkey that if a ceasefire with Syrian and Kurdish forces holds for the next five days, then recently announced U.S. sanctions against Turkey could be lifted.  The deal to lift the U.S. sanctions was announced by Vice President Mike Pence and Secretary of...

Water trucks from UNICEF are providing a lifeline to civilians caught in Turkey's offensive into northeastern Syria as aid agencies halt operations in the escalating violence.  UNICEF partners began trucking 13,000 gallons of water per day to 4,000 people in shelters in Tel Tamer on October 15...

Amid fresh U.S. sanctions, the iShares MSCI Turkey ETF (NASDAQ: TUR) is in the spotlight again and not in a good way. On Monday, the lone U.S.-listed exchange traded fund dedicated to Turkish equities slid 3.89% on volume that was more than triple the daily average, extending its weekly decline to...

Legislation has been introduced in the U.S. Senate to impose severe economic sanctions on Turkey's political leadership and military for recent attacks against Kurdish forces in northern Syria.  Turkey immediately took military action after President Trump on Oct. 9 signed an executive order to...