Turkey pays its last loan installment to the International Monetary Fund after a 52-year relationship, a triumph for Prime Minister Recep Tayyip Erdogan as government debt falls even as private borrowing surges.
U.S. President Barack Obama travels to Europe next month to start formal negotiations on a trading bloc that would dwarf any the world has seen. He should look for ways to integrate Turkey into this new order.
Turkish police arrested nine suspects in connection with an attack that killed 46 people in a town near the Syrian border, as the government blamed the twin car bombings on Turks with ties to Syrian intelligence.
Fighters from the Kurdistan Workers’ Party, or PKK, have started withdrawing from Turkey under a peace agreement being negotiated between the government and the group’s jailed leader, a senior Kurdish lawmaker said.
Islamic bond sales in Turkey may double to $3 billion this year as companies join the government in accessing Shariah-compliant investors, according to HSBC Holdings Plc, the world’s biggest underwriter of sukuk.
Japan’s Mitsubishi Heavy Industries Ltd. and Areva SA of France signed a $22 billion agreement today to build a nuclear power plant in Turkey, the first major order for Japan since the Fukushima disaster in 2011.