Turkey's Erdogan Declared Winner Of Presidential Run-Off Election

 

Reuters: Turkey's Erdogan prevails in election test of his 20-year rule 

ANKARA (Reuters) -President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which have polarised Turkey and strengthened its position as a regional military power. 

His challenger, Kemal Kilicdaroglu, called it "the most unfair election in years" but did not dispute the outcome. Official results showed Kilicdaroglu won 47.9% of the votes to Erdogan's 52.1%, pointing to a deeply divided nation. 

The election had been seen as one of the most consequential yet for Turkey, with the opposition believing it had a strong chance of unseating Erdogan and reversing his policies after his popularity was hit by a cost-of-living crisis.  

Read more .... 

 NU Editor: A 4.2% difference in the vote. A close vote, but not enough to unseat Erdogan.

 Turkey's Erdogan Declared Winner Of Presidential Run-Off Election  

Turkey election 2023 live: Erdoğan gives victory speech as counting continues -- The Guardian  

Live: Erdogan declares victory in Turkey runoff election -- France 24 

LIVE — Turkey election: Erdogan declares victory -- DW 

Live: Erdogan claims victory in Turkish election, but counting ongoing -- BBC  

Turkey's Erdogan declared winner of presidential runoff -- AP  

Turkey’s Erdogan reelected president with 52.1% of vote -- France 24  

Recep Tayyip Erdoğan wins Turkish presidential election -- The Guardian 

Turkey election: Erdogan victorious after historic runoff -- DW

Third-Place Candidate In Turkey's Elections Has Thrown His Support Behind President Recep Tayyip Erdogan in Presidential Run-Off

 

France 24: Turkey’s third-place, far-right candidate endorses Erdogan ahead of runoff

The third-placed contender in the Turkish presidential elections on Monday formally endorsed President Recep Tayyip Erdogan for the second-round runoff vote to be held on May 28th. 

The nationalist presidential candidate Sinan Ogan, 55, has emerged as a potential kingmaker after neither Erdogan nor his main challenger, opposition leader Kemal Kilicdaroglu, secured the majority needed for a first-round victory on May 14th. 

Ogan, a former academic who was backed by a far-right anti-migrant party, won 5.17% in the May 14 vote and could hold the key to victory in the runoff now that he’s out of the race. 

Read more ....  

Update: Erdogan wins endorsement for Turkish election runoff from third-place candidate Ogan (AP)  

WNU Editor: It looks like President Erdogan is going to be re-elected again this Sunday.

Turkish President Erdogan Unscripted

Erdogan with an arrogant CNN reporter:
- Biden wants to topple me
- We will not sanction Russia
- If you don’t sell your weapons, don’t be upset if we buy Russian weapons
- Sweden is not ready for NATO pic.twitter.com/9ncVENgebN

— Lord Bebo (@MyLordBebo) May 19, 2023

WNU Editor: Turkish President Erdogan is very blunt on where he stands in the above video.

Turkey's Opposition Are Pessimistic That They Can Defeat Erdogan In The Upcoming Runoff Election

Opposition leader Kemal Kilicdaroglu intends to run a more hard-edged campaign ahead of the second round © BULENT KILIC  

Washington Post: Turkish opposition, trailing Erdogan, faces hard post-election truths 

 ISTANBUL — Two days had passed since Turkey’s landmark election and Gokce Sari, a 24-year-old supporter of the opposition, was still processing defeat, with her candidate badly trailing President Recep Tayyip Erdogan in the first round of voting. 

“I’m hopeless. Sometimes I’m angry,” she said. But it was a deeper realization that haunted her, with the results for parliament and president showing that parties that did not reflect her worldview, and voters who did not share her priorities, held more sway than she had imagined. 

“I don’t appear to understand my society,” she said. “My hope hindered my understanding of the reality, of how degraded and ignorant our society has become.”  

Read more ....  

Update #1: Turkey’s opposition faces an uphill battle in runoff with Erdogan (CNN) 

Update #2: Turkey's opposition plots fightback against Erdogan (AFP)  

WNU Editor: I do not see a pathway for Turkey's opposition to win the second run.

Turkey's Presidential Election To Be Decided In A Runoff

 

Reuters: Turkey faces election runoff, Erdogan seen with momentum 

ANKARA (Reuters) -Tayyip Erdogan led comfortably on Monday after the first round of Turkey's presidential election, with his rival facing an uphill struggle to prevent the president extending his rule into a third decade in a runoff vote on May 28. 

Turkish assets weakened on the news, which showed Erdogan just below the 50% threshold needed to avoid sending the NATO-member country to a second round of a presidential election viewed as passing judgment on his autocratic rule. 

Erdogan's People's Alliance, comprising his Islamist-rooted AK Party and its nationalist partners, also appeared set to win a majority in the new parliament with 321 of the 600 seats, further boosting his chances in the presidential runoff.  

Read more .... 

WNU Editor: The runoff election will happen on May 28 .... Turkey will hold a runoff election on May 28, with Erdogan in the lead (CNBC). 

Turkey's Presidential Election To Be Decided In A Runoff  

Resurgent Erdogan heads for historic election runoff -- France 24  

Turkey election: Erdogan and Kilicdaroglu head to a runoff -- DW  

Turkey election goes to runoff after Erdoğan takes first-round lead -- The Guardian  

Turkey presidential election will go to runoff as Erdogan performs better than expected -- AP  

Turkey's presidential race to be decided in run-off -- BBC  

Turkey to have momentous runoff election after Erdogan fails to win outright -- CNN  

Analysis-Turkey's Erdogan cruising, challenger scrambling toward runoff election -- Reuters

Turkey Presidential Runoff Vote Likely

FOX News: Turkey election: Count shows President Erdogan under threshold needed to avoid runoff  

Erdogan has governed Turkey as either prime minister or president for two decades 

Early results for the closely watched presidential election in Turkey show that support for President Recep Tayyip Erdogan dipped below the majority required to win, signaling a likely runoff later this month. 

With more than 90% of ballot boxes counted Sunday, Erdogan had just under 50% of the vote, according to the state-run Anadolu Agency. 

His main challenger, opposition leader Kemal Kilicdaroglu, had 44.4% as the gap between the two shrank.  

Read more .... 

More News On Turkey's Presidential Election  

Live: Turkey presidential runoff vote likely as ballot count continues -- France 24  

LIVE — Erdogan 'accepts' possible run-off in Turkey election -- DW  

Live Updates: Turkey's crucial election heading to runoff -- CNN  

Turkey’s Erdogan says he could still win, would accept presidential election runoff -- AP  

Turkey faces runoff election as Erdogan survives first test -- Reuters  

Erdoğan looks set for second round in Turkish election as opposition cries foul -- Politico 

Türkiye run-off election likely as both Recep Tayyip Erdoğan and opposition leader Kemal Kılıçdaroğlu claim lead -- ABC News Australia  

Turkey parties squabble as crucial vote count seesaws -- Al Jazeera  

Erdogan loses majority with most votes counted – media -- RT

Tweets On The Turkey Election

Turkey’s state-run news agency says voter support for President Recep Tayyip Erdogan has dipped below the majority required to win reelection outright, making a May 28 runoff presidential election more likely. https://t.co/DiLdvh7seE

— The Associated Press (@AP) May 14, 2023

President Erdogan warned against announcing the results too quickly while his rival Kilicdaroglu predicted that it would be a long night.

With 91% of ballots counted, Erdogan has seen his slim lead grow to 3.5%, according to private news agency ANKA: https://t.co/8Yq3LUz0OA pic.twitter.com/IayrKUR6uC

— DW News (@dwnews) May 14, 2023

Erdogan speaks to supporters in Ankara.
Erdogan said that, according to preliminary data, he is in the lead in the general elections in Turkey.
"The exact results are not yet clear, but we are far ahead," Erdogan said.
He also accused the opposition of trying to fool the people… pic.twitter.com/JoIKguj4jk

— Spriter (@Spriter99880) May 14, 2023

Polls have now closed and vote counting is underway in Turkey’s fiercely fought presidential and parliamentary elections that could bring an end to Turkish President Recep Tayyip Erdogan’s 20-year rule. Follow live updates. https://t.co/WY5tjTXPTR

— CNN International (@cnni) May 14, 2023

Turkish President Tayyip Erdogan cast his ballot at a polling station in Istanbul. His main opponent, Kemal Kilicdaroglu, voted in Ankara https://t.co/mgNwd9qvAq pic.twitter.com/VfGh5XfjFq

— Reuters (@Reuters) May 14, 2023

While Turkey's incumbent President Erdogan wished for a "better future," his rival Kilicdaroglu spoke of how "we all missed democracy" after casting votes in the elections. https://t.co/8Yq3LUz0OA pic.twitter.com/GwN3cWhzVq

— DW News (@dwnews) May 14, 2023

People in Turkey have been voting to decide if Recep Tayyip Erdogan remains president after 20 years in power https://t.co/WHf9ta0Rnp pic.twitter.com/GdEQzYNuPR

— BBC News (World) (@BBCWorld) May 14, 2023

Is Turkey About To Elect A New President?

FILE PHOTO: Kemal Kilicdaroglu, presidential candidate of main opposition alliance, holds an election rally in Izmir 

Reuters: Turkey's Kilicdaroglu exits Erdogan's shadow in election race 

ISTANBUL (Reuters) - Stuck in Tayyip Erdogan's shadow throughout his career, opposition leader Kemal Kilicdaroglu believes his time has come to set Turkey on a new path and roll back much of the legacy of the man who has dominated politics for two decades. 

An alliance of six opposition parties named the earnest and sometimes feisty former civil servant as its candidate to take on Erdogan in the May 14 elections, which are seen as perhaps the most consequential in the country's modern history. 

Opinion polls generally show Kilicdaroglu, 74, holding an edge, and possibly winning in a second round vote, after an inclusive campaign promising solutions to a cost-of-living crisis that eroded the president's popularity in recent years.  

Read more ....  

Update: Turkey’s upcoming elections could unseat Erdogan. Here’s everything you need to know (CNN)  

WNU Editor: My money is still on Erdogan being re-elected. But my gut tells me that it is going to be close.  

Update #2: I agree with this analysis .... Turkey set to keep strong Russia ties whoever wins election (Reuters).

Turkish President Erdogan Cancels Third Day Of Election Appearances

Recep Tayyip Erdogan inaugurates Turkey's first nuclear power plant via a video link, at the Presidential palace in Ankara, on Thursday.Turkish Presidency via AP  

Al Jazeera: Turkey’s leader Erdogan cancels third day of election appearances 

Turkish President Recep Tayyip became ill during a TV interview with what Health Minister Fahrettin Koca later said was a ‘gastrointestinal infection’. 

Turkish President Recep Tayyip Erdogan has cancelled his election appearances for a third day after falling ill with what officials described as an intestinal infection. 

Erdogan is seeking a third presidential term in Turkey’s May 14 elections. 

He had been due to appear at a bridge opening and a political rally in the southern city of Adana, but his schedule changed on Friday to show he would attend the opening ceremony via video link.  

Read more ....  

Update: Turkey’s Erdogan cancels third day of election appearances after falling ill (AP)  

WNU Editor: He may be ill, but President Erdogan is still making public appearances .... Ailing Erdogan re-emerges by video link with Putin (AFP).

Turkish President Erdogan Cancels Campaign Citing Illness

 

Bloomberg: Turkey’s Erdogan Cancels Campaign Trips After Off-Camera Illness 

Turkish President Recep Tayyip Erdogan canceled three scheduled campaign appearances less than a month before high-stakes elections after falling ill during a live television interview.

Broadcasting was disrupted for several minutes on Tuesday evening after Erdogan, 69, became sick with what he said was stomach flu. 

In power for the past two decades, Erdogan has developed a reputation as a tireless strongman who rarely cancels events, so the sudden and public nature of the incident initially shocked viewers. 

But his aides have since said the president was in good health and would resume his regular schedule after taking a day’s rest.  

Read more .... 

Update #1: Turkey's Erdogan cancels election rallies for a day for health reasons (Reuters)  

Update #2: Erdoğan cancels public rallies after health scare (Politico.eu)  

WNU Editor: He is having a tough re-election campaign, but my gut tells me that he will still win the Presidency again on May 14.

Turkey Says It Has Discovered Natural Gas Fields Worth $500 Billion

OilPrice.com: Turkey Says Its Black Sea Natural Gas Discoveries Are Worth Over $500 Billion 

The volumes of natural gas that Turkey has found so far in the Black Sea are worth in excess of $500 billion, Turkish Energy and Natural Resources Minister Fatih Dönmez told broadcaster CNN Türk. 

The huge gas finds would be enough to supply all households in the country for 35 years, or to cover total Turkish natural gas consumption, including from industry, for 15 to 20 years, the minister added. 

Last week, Turkish Petroleum (TPAO) said on Twitter that the installation of the pipes connecting the energy base in the Black Sea to the Sakarya Gas Field Land Facility had been successfully completed. The company said the inauguration of the start of the gas transmission from the field is expected to take place on April 20 in the presence of Turkish President Recep Tayyip Erdogan.  

Read more ....  

Update: Gas found in Black Sea worth over $500 bln: Minister (Hurriyet Daily News)  

WNU Editor: I am skeptical of this report. Turks go to the poll in the coming weeks, and it looks like the Erdogan government is trying to feed the Turkish public some positive news.

Turkey Will Support China's Peace Plan For Ukraine If It Creates A "Foundation For Negotiations"

Turkey will support China's peace plan for Ukraine if it creates a "foundation for negotiations."
This was announced by Erdogan's representative, Ibrahim Kalin, in an interview with the Turkish NTV channel.

He noted that the West ignored the Chinese plan in order "not to give… pic.twitter.com/WZxK789SIh

— GraphicW (@GraphicW5) March 26, 2023

Republic World: Turkey Backs China's Peace Plan If It Creates 'foundation For Negotiation': Erdogan's Aide 

 "In order to neutralize the consequences of Mr Xi’s visit to Moscow, (Western countries) began to literally ignore this visit," Kalin said during the interview. 

Turkey will support China's peace plan for Ukraine if Beijing established a "foundation for negotiations," Erdogan's representative, Ibrahim Kalin, in an interview with the Turkish NTV channel. 

West ignored the Chinese 12-point peace plan in order "not to give credit of confidence to Beijing," he noted, adding that anti-Russian sanctions were also "poorly calculated" and only pushed China and Russia to strengthen ties.  

Read more .... 

Update: Turkey will carefully study China’s proposals to resolve the conflict in Ukraine (The Eastern Herald).  

WNU Editor: Turkey is not alone in supporting this Chinese peace initiative .... Orbán backs China’s Ukraine peace plan (Politico).

Turkey's Opposition Parties Unite Behind A Common Candidate To Take On Erdogan

Turkey's main opposition Republican People's Party (CHP) leader Kemal Kilicdaroglu addresses his supporters during a rally to oppose the conviction and political ban of Istanbul Mayor Ekrem Imamoglu, a popular rival to Recep Tayyip Erdogan, the President of Turkey, in Istanbul, Turkey, December 15, 2022. © Umit Bektas, Reuters  

Politico.eu: Turkish opposition unites behind Kılıçdaroğlu as anti-Erdoğan candidate 

Kemal Kılıçdaroğlu was favored over popular favorite and mayor of Istanbul Ekrem Imamoğlu, who is entangled in a legal battle. 

Turkish President Recep Tayyip Erdoğan now knows who he will face this May, in the most hotly contested elections in his 20-year rule: Kemal Kılıçdaroğlu. 

After weeks of fierce negotiations that saw the opposition alliance, consisting of parties across the political spectrum from left to right, come close to falling apart, the so-called “Table of Six” coalition officially picked Kılıçdaroğlu as their joint candidate on Monday. 

The main opposition leader made an announcement after the six parties’ representatives met in Ankara, saying that the people’s coalition would “run the country in consultation and agreement with one another.”   

Read more ....  

WNU Editor: Turkey's Presidential elections will be held on May 14. 

Turkey's Opposition Parties Unite Behind A Common Candidate To Take On Erdogan  

Turkish opposition chooses Kemal Kilicdaroglu to challenge Erdogan in 2023 poll -- France 24  

Turkey's opposition names Kilicdaroglu to take on Erdogan in election -- Reuters  

Turkish opposition selects Kemal Kilicdaroglu as joint presidential candidate -- Middle East Eye  

Turkey’s opposition ends saga, names Kilicdaroglu as Erdogan challenger -- Al-Monitor

Erdogan Declares Three-Month-Long State Of Emergency Across Southeast Turkey As WHO Warns 23 Million People Could Be Affected By The Qquake – Death Toll Rises Past 7,800

 

The Guardian: Turkey and Syria earthquake death toll passes 7,800 as rescue efforts falter  

Aftershocks and freezing weather hamper efforts of rescue teams searching for survivors after 7.8-magnitude quake 

Aftershocks, freezing temperatures and damaged roads are hampering efforts to tackle the enormous humanitarian emergency triggered by Monday’s 7.8-magnitude earthquake in southern Turkey and northern Syria, with 7,800 people now confirmed dead and 380,000 others seeking refuge in Turkey alone. 

As the scale of the devastation from the initial quake – and a second tremor – became clearer, the Turkish authorities declared a state of emergency in 10 provinces and the World Health Organization warned that the number of fatalities could exceed 20,000.  

Read more .... 

More News On The Turkish - Syrian Earthquake 

Live: Clock ticking for rescuers as quake toll nears 8,000 -- BBC  

Turkey and Syria earthquake: race to find survivors as death toll passes 7,900 and hundreds of thousands seek shelter – latest -- The Guardian  

Turkey-Syria earthquake: Rescuers press on into third day -- DW  

February 7, 2023 Turkey-Syria earthquake news -- CNN 

Fears grow for untold numbers buried by Turkey earthquake -- AP  

Rescuers dig through rubble as Turkey-Syria quake death toll passes 7800 -- Reuters  

Death toll from Turkey-Syria earthquake surpasses 7,000 as rescue efforts continue -- France 24  

Turkey’s President Erdogan declares 3-month state of emergency for quake-hit regions -- CNBC  

Turkey, Syria Quake Rescuers ‘Race Against Time’ as Death Toll Rises -- WSJ

Two Massive Earthquakes Rock Turkey And Syria As Death Toll Now Exceeds 2,300

Tremors from the first deadly quake - which lasted about a minute - were felt as far away as the island of Cyprus, Egypt and Lebanon, and a tsunami warning was briefly issued by authorities in Italy along the country's coast. The second quake struck about 60 miles from the epicentre of the first, less than 12 hours later

   

Daily Mail: SECOND mega earthquake hits Turkey, hours after record 7.8-magnitude tremor: Thousands feared dead as Turkey and Syria reel from overnight destruction that saw families crushed in their sleep 

* The second quake hit at 1:24 pm (1024 GMT), 60 miles north of first epicentre 

* First quake struck early hours on Monday as people were asleep in their homes 

* WARNING: Contains distressing images 

Thousands are feared dead after Turkey was hit by a second massive earthquake, just hours after an earlier catastrophic quake killed more than 1,900 people and plunged the region into an unfolding humanitarian crisis. 

The initial 7.8-magnitude night-time tremor, followed hours later by a slightly smaller one, wiped out entire sections of major Turkish cities in a region filled with millions of people who have fled the civil war in Syria and other conflicts. 

The later 7.5 magnitude quake struck at 1.24pm (1024 GMT) two-and-a-half miles southeast of the town of Ekinozu and around 60 miles north of the first quake that has wrought devastation across Turkey and Syria. 

Read more ....  

WNU Editor: USGS warns death toll could hit 10,000 .... Widespread Devastation: Powerful Quakes Hit Turkey, Thousands Dead; USGS Warns Death Toll Could Hit 10,000 (Zero Hedge). 

Two Massive Earthquakes Rock Turkey And Syria As Death Toll Now Exceeds 2,300  

Live: Rescue efforts under way after earthquake kills more than 2,300 in Turkey and Syria -- France 24  

Live updates: Biden sends condolences, offers US help -- AP  

Turkey and Syria: more than 2,000 people confirmed dead after two large earthquakes strike – latest updates -- The Guardian  

Live: More than 2,000 dead after major earthquakes in Turkey and Syria -- BBC  

Earthquakes kill over 1,000 people in Turkey, Syria — LIVE -- DW  

Powerful quake rocks Turkey and Syria, kills more than 2,300 -- AP  

Two massive earthquakes rock Turkey and Syria as death toll exceeds 2,200 -- CNBC  

Huge quake toppled buildings in Turkey and Syria as people slept -- BBC  

Earthquake in Turkey and Syria kills hundreds with fears casualties will rise -- The Guardian  

Turkey earthquake: Why was it so deadly? -- BBC

Turkish President Erdogan Says Presidential And Parliamentary Elections To Be Held On May 14

FILE PHOTO: Turkish President Erdogan addresses lawmakers of his AK Party during a meeting at the parliament in Ankara  

Reuters: Turkish elections to be held on May 14 -Erdogan 

ISTANBUL (Reuters) - President Tayyip Erdogan said Turkey would hold elections on May 14, a month earlier than scheduled, setting up a tight test of his leadership after two decades in power. 

The president's office released video footage on Sunday of Erdogan announcing the date during a meeting with young voters in the northwestern province of Bursa late on Saturday.

"I am grateful to god that we will be walking side by side with you, our first-time voting youth, in the elections that will be held on May 14," Erdogan told the group. 

Read more .... 

WNU Editor: This election may be close. 

Turkish President Erdogan Says Presidential And Parliamentary Elections To Be Held On May 14  

Erdogan announces Turkish elections to be held on May 14 -- AP  

Turkey to hold general election on May 14, one month earlier than planned -- France 24  

Turkey to hold elections in May, a month ahead of schedule -- Euronews  

Erdogan says Turkish elections to be held on May 14 -- Al Jazeera

Opposition 'OK' with May 14 elections: CHP leader -- Daily Sabah

Thousands Protest In Turkey Over Istanbul Mayor's Conviction. Popular Rival To Erdogan Sentenced To 2 Years And 7 Months

Thousands protest in Turkey over Istanbul mayor's conviction in Istanbul © Thomson Reuters  

Reuters: Thousands protest in Turkey over Istanbul mayor's conviction 

ISTANBUL (Reuters) -Thousands of people rallied in Turkey on Thursday to oppose the conviction and political ban of Istanbul Mayor Ekrem Imamoglu, chanting slogans criticising President Tayyip Erdogan and his ruling AK Party before elections next year.

A Turkish court on Wednesday sentenced Imamoglu, a popular rival to Erdogan, to two years and seven months in prison, which like the ban must be confirmed by an appeals court.

The verdict drew wide criticism at home and abroad as an abuse of democracy. 

Late on Thursday, media reports said the prosecutor in the case had launched a legal challenge to the verdict, seeking a longer jail sentence for Imamoglu. No further details were immediately available. 

Read more .... 

Thousands Protest In Turkey Over Istanbul Mayor's Conviction  

Thousands protest against conviction of Istanbul Mayor Imamoglu -- Al Jazeera  

Turkish court gives Istanbul mayor prison term, politics ban -- AP 

Istanbul mayor Ekrem İmamoğlu sentenced to jail over ‘fools’ insult -- The Guardian  

The Imamoglu dilemma: What next for Turkey's opposition? -- Middle East Eye  

How Turkey’s 2023 Presidential Race Could Get Complicated, Fast -- The Conversation

Terror Bombing In Istanbul Kills 6. More Than 80 Wounded

 

Daily Mail: Pictured: Young girl among six killed in fireball explosion in Istanbul shopping district as Turkish authorities hunt for 'woman on bench' amid claims 'female bomber' launched attack 

* Six people were killed in a suspected terrorist attack this afternoon on a busy street in Istanbul, Turkey 

* Four people died at the scene and two succumbed to injuries in hospital, with the toll expected to increase 

* Father Yusuf Medyan and his young daughter Ecrin were two of the victims killed in the horror bombing 

* More than 80 people were injured in the explosion, the cause of which has not yet been established 

* Turkish justice minister said investigators are looking into a woman who left the scene moments before blast 

* Turkish President Erdogan said the blast had 'the smell of a terrorist attack' and vowed to punish perpetrators 

A young girl who was among six people killed in a fireball explosion in an Istanbul shopping district has been pictured - as Turkish authorities hunt for a 'woman on a bench' amid claims that a 'female bomber' launched the horror attack. 

The little girl, Ecrin, and her father, Yusuf Medyan, were killed in the suspected terror attack in the Turkish city in which more than 80 others were injured, officials in the country have claimed. 

Mr Medyan worked for Turkey's ministry of family and social services, Sky News reports. The department's minister, Derya Yanik, said: 'I curse this treacherous attack that killed a father and his daughter.  

Read more ....  

WNU editor: A suspect has been arrested .... Suspect in custody in Istanbul blast that killed 6 and injured 81, officials say (CNN) 

Terror Bombing In Istanbul Kills 6. More Than 80 Wounded  

Bomb rocks avenue in heart of Istanbul; 6 dead, dozens hurt -- AP  

Several dead, injured as strong blast rocks central Istanbul -- France 24 

Istanbul: Six dead, dozens wounded in Turkey explosion -- BBC 

Istanbul explosion: 6 killed in suspected terror attack -- DW  

At least six dead in suspected terrorist bombing in Istanbul -- The Guardian  

Six Dead, 53 Injured After "Bomb Attack" Rips Through Busy Istanbul Street -- Zero Hedge

Turkey On the Pathway To Destroy The Value In Its Currency

An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Monday, Aug. 29, 2022. Nicole Tung, Bloomberg 

Bloomberg: Turkey Shocks With Another Rate Cut Despite Raging Inflation 

(Bloomberg) -- Turkey’s central bank delivered another shock cut to interest rates, despite inflation running at a 24-year high and with the lira trading at a record low. 

The Monetary Policy Committee led by Governor Sahap Kavcioglu lowered the benchmark to 12% from 13% on Thursday, surprising most economists surveyed by Bloomberg. 

The lira extended declines after the announcement and was trading 0.2% weaker against the dollar as of 3:02 p.m. in Istanbul. 

Turkey is charting an economic strategy in defiance of mainstream monetary policy. It’s already been an outlier for much of this year, as the world’s central bankers unleashed the most aggressive tightening in decades, and stood out even more this week as countries like Indonesia and Brazil raised rates.  

Read more ....  

Update #1: Turkey cuts interest rates again as country struggles under 80% inflation (CNBC)  

Update #2: Inflation-hit Turkey Cuts Rate For Second Month (Barrons)  

WNU Editor: This is what you do to not only destroy your currency, but to suffer through incredibly high infaltion rates .... Turkey’s lira hits a new record low against the dollar as investors brace for another rate cut (CNBC).

Turkish President Erdogan Warns Greece Not To 'Go Too Far'

Anadolu Agency: 'If you go too far, price will be heavy,' Turkish president warns Greece  

Athens' occupation of Aegean islands 'not our concern,' President Erdogan says, adding: 'When time comes, we will do what's necessary. As we say, all of a sudden, we can come overnight'  

Amid tensions between Türkiye and Greece, Turkish President Recep Tayyip Erdogan urged Athens on Saturday to look at history, saying: "If you go too far, the price will be heavy."

"Greece, look at history, go back in time; if you go too far, the price will be heavy. We have one thing to say to Greece: Remember Izmir," Erdogan said at Türkiye's largest technology event, Teknofest, in the province of Samsun on the Black Sea coast.

Izmir is a province on Türkiye's western Aegean Sea coast that Ankara liberated from Greek occupation in 1922 as part of its War of Independence. Erdogan warned Greece, saying that Athens' "occupation" of Aegean Sea islands "is not our concern."

Read more ....  

WNU Editor: Why the harsh rhetoric from the Turkish President? He has to divert attention away from the horrific state of his economy .... Turkey’s skyrocketing inflation is flashing warning signals for Gulf banks (CNBC).

 Turkish President Erdogan Warns Greece Not To 'Go Too Far'  

Erdogan warns Greece of ‘heavy price’, tells it not to forget history -- TRT World  

Turkish leader Erdogan ups rhetoric on Greece amid tensions -- AP 

Erdogan warns Greece over Aegean airspace violations -- AFP  

Erdogan accuses Greece of 'occupying' demilitarised islands -- Reuters  

Turkey's President Erdogan Warns Greece Not to 'Go Too Far' -- Bloomberg