Turkey

08 June 2023; MEMO: Turkiye's lira plunged 7 per cent to a record low on Wednesday in its biggest sell-off since a historic 2021 crash, a move traders said is a "strong signal" that Ankara is moving away from state controls toward a freely traded currency, Reuters reports.

According to the report, the currency has come under increasing pressure since President Tayyip Erdogan was re-elected on 28 May.

ANKARA, June 7. /TASS/: Turkish President Recep Tayyip Erdogan on Wednesday discussed the situation around the Kakhovka Hydroelectric Power Plant with his Ukrainian counterpart Vladimir Zelensky over the phone and suggested forming an international commission to investigate the incident with Russia's participation, the Turkish leader's office reported.

ANKARA, June 7. /TASS/: Turkish President Recep Tayyip Erdogan on Wednesday discussed the situation around the Kakhovka Hydroelectric Power Plant with his Ukrainian counterpart Vladimir Zelensky over the phone and suggested forming an international commission to investigate the incident with Russia's participation, the Turkish leader's office reported.

ANKARA, Turkey (AP) — The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term.

The lira weakened by around 7% on Wednesday, hitting 23.18 against the dollar. The decline took the currency’s loss since Erdogan’s inauguration Saturday and appointment of a new government to more than 8%. The currency has weakened by around 20% since the start of the year.

The lira also weakened by more than 7% against the euro on Wednesday.

06 June 2023; MEMO: The flag carriers of Turkiye and Italy have signed a code-share agreement to expand destinations in the networks of both Turkish Airlines and ITA Airways, the airlines said on Tuesday, Anadolu Agency reports.

ISTANBUL, June 6 (Reuters) - An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airport in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday.

The diversion of the Boeing (BA.N) 777 widebody aircraft comes amid a global debate over the use of Russian airspace by some carriers, with the chief of United Airlines (UAL.O) warning on Monday of the dangers of a plane being forced to land in Russia with American citizens on board.

ANKARA, June 5 (Xinhua) -- Türkiye's annual inflation slowed to 39.59 in May, the lowest level since December 2021, official data showed on Monday.

The slowdown was driven by a temporary measure offering free gas to households, offsetting price rises in other goods, analysts said.

The country's annual inflation was 36.08 percent in December 2021, 48.69 percent in January 2022 and 43.68 percent in April 2023.

04 June 2023; MEMO: Turkiye is set to send a commando battalion to northern Kosovo in response to a request by NATO for troop reinforcements to help curb violent unrest, after Serb militants wounded 30 international soldiers.

04 June 2023; MEMO: Foreign ministers extended congratulations to Hakan Fidan on his appointment as Türkiye's foreign minister after the swearing-in ceremony of President Recep Tayyip Erdogan, Anadolu reports.

Azerbaijani Foreign Minister Jeyhun Bayramov conveyed his congratulations to Fidan and wished him "great success in this honorable position." Bayramov expressed confidence that the bonds of brotherhood and alliance between Azerbaijan and Türkiye would be further strengthened.

04 June 2023; MEMO: Recep Tayyip Erdogan on Saturday unveiled Türkiye's new Cabinet at the Cankaya Palace in the capital Ankara after he was sworn in as president in parliament, Anadolu reports.

Here are the members of the new Cabinet:

Justice Minister: Yilmaz Tunc

Family and Social Services Minister: Mahinur Ozdemir Goktas

Labor and Social Security Minister: Vedat Isikhan

Environment, Urbanization, and Climate Change Minister: Mehmet Ozhaseki