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The Ministry of Treasury and Finance of Turkey, led by Mehmet Şimşek, has announced a series of stringent new measures aimed at curbing money laundering and enhancing the oversight of digital asset transactions. According to the 25th June 2025 announcement, “The Ministry is preparing to take additional steps and will request strict control and supervision … Read more
Out of all caffeinated rituals, Turkish coffee takes the (coffee) cake. That’s because, according to some experts, Turkish coffee isn’t a type of coffee—it’s a cooking method. Commonly seen across Middle Eastern cultures, the beverage looks and acts similar to espresso, served in a small cup and tasting very rich yet very different. Turkish coffee … Read more
President Donald Trump on Monday said he held a “productive” call with Turkish President Recep Erdogan on a range of topics, including the war between Russia and Ukraine. Trump shared details of the call in a post on his TRUTH Social platform. “I just had a very good and productive telephone conversation with the President … Read more
Turkish prosecutors demand Istanbul mayor Imamoglu to be jailed pending trial
Binance’s USDT/TRY trading pair saw its highest volatility since April 2024 after Istanbul Mayor Ekrem Imamoglu, a key rival to President Tayyip Erdogan, was arrested. Turkey’s arrest of Istanbul Mayor Ekrem İmamoğlu, a key political figure, and potential 2028 presidential candidate, sent shockwaves through the country’s markets — sparking a sharp drop in the lira … Read more
Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey. Hakan Akgun | Getty Images The Turkish lira fell to a record low against the dollar and the country’s benchmark stock index dropped by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkish police have detained Istanbul’s mayor Ekrem İmamoğlu, who was shortly expected to be announced as the main opposition challenger to President Recep Tayyip Erdoğan. İmamoğlu’s detention on Wednesday was part of an investigation into … Read more
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