Western Asia

Makeshift bomb explodes on Cypriot referee's car

The Cyprus Football Association has condemned a bomb attack against the car of a top referee, calling it a blight on the island's soccer family and society in general.

The association says it stands by referee Georgios Nicolaou and urges police to track down and bring the culprits of Tuesday's pre-dawn bombing to justice.

The Levantines: Refugees who preferred the East instead of the West

The Catoni Group is a company which has been active in these lands in the maritime sector since 1846.

Jonathan Beard, the head of the board, is the fifth generation.

"My great-grandfathers did not go to Alaska to look for gold but they came to Ottoman lands," said Beard, while speaking last weekend at the conference titled "Levantines of Beyoğlu," organized in Istanbul.

Junking Turkey

Everyone agrees that if the coup attempt on July 15 had succeeded, Turkey's economy would have gone into a tailspin. The steps taken by the government under its "emergency rule," however, also appear to be achieving the same result. 

Turkey's response to the Moody's decision

Credit ratings agency Moody's has downgraded Turkey's sovereign credit rating to non-investment grade.

What does that mean? This is an issue for economists and I am not an economist.

So why am I writing about this subject? I do so because I find the statement after the decision by Mehmet Şimşek, the deputy prime minister responsible for the economy, very important.

Turkish markets, lira seeking recovery after Moody's rating cut

Turkey's markets and currency were seeking recovery after shares tumbled 4 percent and bonds and the Turkish Lira weakened sharply on Sept. 26, the first trading day after Moody's cut its credit rating to "junk," raising risks of an outflow of foreign funds and a squeeze on external borrowing.

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