Latest News from Turkey

IMF warns of a global weak growth

“With global economic prospects repeatedly marked down over the last five years, there is a concrete risk of a world economy persistently mired in sub-par growth, with unacceptably high levels of poverty and unemployment,” the IMF points out in a report before the G-20 leaders’ summit which will take place in Turkey on Sunday.

'Rak?' controversy triggered over street festival in Turkey's south

The name of an upcoming annual street festival in the southern province of Adana has been changed amid controversy over its use of the word "rak?," a Turkish anise-based alcoholic drink consumed at the festival along with local foods and beverages.

SABMiller logs sliding net profits amid takeover

British brewer SABMiller, fresh from agreeing to a vast $121-billion takeover from global leader Anheuser-Busch InBev, posted sliding first-half net profits on Nov. 12 on the back of the strong dollar.

Russian crisis-hit economy slumped 4.1 percent in third quarter

Russia's economy shrank 4.1 percent in the third quarter this year, official statistics showed on Nov. 12, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.

US jobless claims hold steady near 4-decade low

New claims for U.S. unemployment insurance benefits held steady last week, close to a four-decade low as the jobs market firms, the Labor Department reported on Nov. 12.

Initial jobless claims, an indicator of the pace of layoffs, totaled 276,000 in the week ending November 7, the same as the previous week.

Gastronomes to gather at Istanbul festival

The first ever gastronomy conference targeting professionals in Turkey, the National Gastromasa Conference, will be held on Nov. 14 at the Radisson Blu Hotel in Istanbul's ?i?li district.

American-Turkish basketball player found dead in New York

A U.S.-born Turkish basketball player has been found dead in New York, according to media reports.

The New York Daily News reported that police found the body of Ali Karadeniz, born Michael Wright, in his SUV under a pile of garbage bags in Brooklyn on Nov. 12.

Turkish musicians get only 9 pct of tax-hit ticket fees

A mere 9 percent of concert ticket fees go into the wallets of Turkish musicians, making organizations rather risky for both firms and artists due to high costs and taxes, an industry representative has said.

YSK releases official results of Nov 1 snap elections

Turkey's Supreme Election Board (YSK) has announced the official results of the Nov. 1 snap elections, noting that the Justice and Development Party (AKP), Republican People's Party (CHP), Peoples' Democratic Party (HDP) and Nationalist Movement Party (MHP) obtained 317, 134, 59 and 40 seats, respectively.

Former HDP MP detained at Istanbul Atatürk Airport

Former Peoples' Democratic Party (HDP) deputy Sebahat Tuncel was briefly detained at passport control in Istanbul Atatürk Airport ahead of her flight to Brussels.

Tuncel, also the spokesperson for the Peoples' Democratic Congress (HDK), was transferred to the prosecutor's office in Bak?rköy after testifying at the airport.

Turkish PM calls for 'non-polarizing,' timely debates over constitution

The forging of a new constitution should not turn into an element that further polarizes society and, to this aim, debates on the issue should not be hastily made, Turkish Prime Minister Ahmet Davuto?lu said on Nov. 11, during a dinner at which he hosted leaders from the business and labor sectors.

Turkish police detain 11 in raids targeting ISIL

Turkish police detained 11 suspects in helicopter-backed raids targeting Islamic State of Iraq and the Levant (ISIL) militants across Istanbul, the state-run Anadolu Agency reported on Nov. 11, just days ahead of a G-20 Summit being held in the country.