AK Party

Senior figures in ruling AK Party plan breakaway group, sources

Two senior figures in Turkish President's Tayyip Erdogan's ruling party are planning to launch a rival political group this year, people familiar with the matter said, a move that could further erode support for the country's long-time leader on the heels of a stinging electoral defeat in Istanbul.

Economic jitters as Erdogan suffers stinging defeat

Setbacks that Turkish President Tayyip Erdogan's ruling AK Party suffered in Sunday's local elections will prod him into making the wrong economic policy choices. He is all the more likely now to opt for short-term fixes rather than the more profound changes that investors want but which would take time to combat recession.

Turkey's Erdogan claims victory in presidential election

Turkish President Tayyip Erdogan claimed victory in Sunday's presidential election and said his ruling AK Party and its alliance partner had won a parliamentary majority.

However, the main opposition party said it was too early to concede defeat and said it believed Erdogan could still fall short of the 50 percent needed to avoid a runoff on July 8.

Turks vote for president, parliament in crucial test for Erdogan

Turks began voting on Sunday for a new president and parliament in elections that pose the biggest ballot box challenge to Tayyip Erdogan and his Islamist-rooted AK Party since they swept to power more than a decade and a half ago.

The elections will also usher in a powerful new executive presidency long sought by Erdogan and backed by a small majority of Turks in a 2017 referendum.

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