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Turkey detains senior Islamic State figure, minister says

ISTANBUL (Reuters) – Turkish police have arrested the Islamic State militant group’s top figure in Turkey, Interior Minister Suleyman Soylu said on Tuesday. Soylu said on Twitter “important plans” had been seized along with the militant. No further details wer... More »

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Rainy day hastens sovereign wealth funds’ refocus to home

LONDON (Reuters) – Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought ... More »

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U.S. steers clear as global COVID-19 pledging conference begins

BRUSSELS (Reuters) – World leaders launched a pledging “marathon” on Monday – without the United States – to raise at least $8 billion for research into a possible vaccine and treatments for the coronavirus. Organisers included the European Union, non-EU state... More »

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Shops close across Turkey, dimming hopes of a boom year

ISTANBUL/ANKARA (Reuters) – Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of thousands of workers after Ankara pledged $15 billion in support and advised Turks to ... More »

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Turkey postpones events until end-April over coronavirus

ISTANBUL (Reuters) – Turkish President Tayyip Erdogan issued a decree on Friday postponing all events related to science, culture and art, as it seeks to contain a surge in coronavirus cases. The country’s death toll has reached four, Health Minister Fahrettin... More »

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Russian artist unveils Putin ‘superhero’ paintings in Istanbul

ISTANBUL (Reuters) – A Russian artist unveiled four giant paintings of Russia’s President Vladimir Putin in central Istanbul on Saturday, saying he wanted to show the good ties between Ankara and Moscow despite differences over Syria and other issues. However ... More »

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Turkey reduces fees banks can charge commercial, financial clients

ISTANBUL (Reuters) – Turkey has reduced the range and the levels of fees and commissions that banks can charge clients, according to central bank and banking watchdog regulations announced on Monday. The measures will cut the various charges banks can charge f... More »

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Turkish inflation climbs more than expected to above 12%

ISTANBUL (Reuters) – Turkey’s consumer price inflation rose a bit more than expected to 12.15% year-on-year in January, official data showed on Monday, climbing for the third consecutive month after a dramatic drop last year. A currency crisis in 2018 sent inf... More »

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Turkey says new Russian missile deal to happen before too long: RIA

MOSCOW (Reuters) – Turkey’s presidential administration has said that the purchase date for more S-400 missile systems from Russia is just a technicality and that it thinks a deal will happen before too long, the RIA news agency reported on Monday. Moscow hope... More »

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Boeing, Airbus kept in suspense over big Dubai jet deals

DUBAI (Reuters) – Airbus (AIR.PA) and Boeing (BA.N) fought to save billions of dollars of jet deals on Sunday as host airline Emirates kept the Dubai Airshow in suspense over dozens of tentative orders designed to fine-tune the world’s largest international ai... More »

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Turkey starts repatriation of captured Islamic State militants

ANKARA (Reuters) – Turkey said on Monday it had deported two Islamic State militants — a German and an American — beginning a programme to repatriate fighters that has caused friction with its NATO allies since it launched an offensive in northern Syria. Allie... More »

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Croatia’s foreign minister says NATO is necessary

BRUSSELS (Reuters) – Croatian Foreign Minister Grlic Radman defended NATO on Monday following criticism of the 70-year-old alliance from the United States and France. French President Emmanuel Macron said last week that NATO was dying, comments German chancell... More »

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Key Syrian White Helmets backer found dead in Istanbul: diplomat

ISTANBUL (Reuters) – The founder of an organization that trained the Syrian “White Helmets” emergency response group has died in Istanbul, his neighbor and a diplomat said on Monday. James Le Mesurier, founder of the Mayday Rescue group, was found dead early o... More »

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Second Turkish soldier dead after YPG militia attack: ministry

ISTANBUL (Reuters) – A Turkish soldier died in hospital after an attack by the Kurdish YPG militia in Syria’s Ras Al Ain region, Turkey’s Defense Ministry said on Monday, bringing the death toll from the attack to two. The ministry had said on Sunday that a ro... More »

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For Trump, Baghdadi death a signature moment, but troubles remain

WASHINGTON (Reuters) – For President Donald Trump, the death of Islamic State leader Abu Bakr al-Baghdadi is a signature achievement that may help quell growing criticism from his own ranks, but it is unlikely to offer much relief from Democratic-led scrutiny ... More »

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U.S. troops cross into Iraq from Syria

DOHUK, Iraq (Reuters) – United States troops have crossed into Iraq from Syria through the Sahela border crossing in the northern province of Dohuk, Reuters witnesses said on Monday. Reuters video images showed armored vehicles carrying troops into Iraq, part ... More »

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Kurdish-led forces say they have pulled out of Syria border town

BEIRUT/ANKARA (Reuters) – The Kurdish-led Syrian Democratic Forces (SDF) on Sunday said they had withdrawn from the border town of Ras al Ain under a U.S.-brokered ceasefire deal, but a spokesman for Turkish-backed Syrian rebels said the withdrawal was not yet... More »

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House Speaker Pelosi holds talks in Jordan with King Abdullah

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi and other senior members of Congress held talks in Jordan on Saturday with King Abdullah II and other top Jordanian officials. Pelosi said in a statement the visit was at “a critical time for the security ... More »

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Volkswagen postpones final decision on Turkey plant: spokesman

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational ... More »

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China urges Turkey to halt military action in Syria-foreign ministry

BEIJING (Reuters) – China’s foreign ministry urged Turkey on Tuesday to stop military action in Syria and “come back to the right track”. Chinese Foreign Ministry spokesman Geng Shuang made the comments at a daily briefing in Beijing. Turkey launched a militar... More »

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Britain reviews all weapons export licenses with Turkey: FT

(Reuters) – The United Kingdom is reviewing all weapons exports licenses to Turkey as it faces mounting pressure over its military offensive in northern Syria, the Financial Times reported on Monday. British ministers have suspended issuing new licenses for ar... More »

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Merkel: We’ll keep trying to find solutions with Iran to avoid…

BERLIN (Reuters) – Chancellor Angela Merkel said on Wednesday that Europe had decided to uphold the 2015 Iran nuclear deal and would keep trying to find solutions that averted escalation. “Step by step we will keep trying to find solutions with Iran that preve... More »

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Germany will do its part to avoid proxy war in Libya, says Merkel

BERLIN (Reuters) – Germany will do its part to avoid a proxy war in Libya, Chancellor Angela Merkel said on Wednesday, warning that the situation in the north African country risked destabilizing the whole of Africa. “In Libya, a situation is developing that c... More »

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Turkey replaces three pro-Kurdish party mayors for suspected…

DIYARBAKIR, Turkey (Reuters) – Turkey on Monday replaced mayors from a pro-Kurdish party with state officials in three cities and detained more than 400 people for suspected militant links, the Interior Ministry said, a move likely to fuel tensions in the main... More »

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Top world film makers to honor 25th Sarajevo film festival

SARAJEVO (Reuters) – Some of the world’s top film makers, including two-time Oscar-winning director Alejandro Gonzalez Inarritu, will show their movies and hold master classes honoring the 25th Sarajevo film festival in August, the festival director said on Fr... More »

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Britain’s Hunt says ‘small window’ to save Iran nuclear deal

BRUSSELS (Reuters) – British Foreign Secretary Jeremy Hunt said on Monday that there was still time to save the Iran nuclear deal and that despite the United States being Britain’s closest ally it disagreed on how to handle the Iran crisis. “Iran is still a go... More »

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Stocks cheer trade reprieve, bonds reconsider rate cuts

LONDON/SYDNEY (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks. The dollar firmed on the safe-haven ye... More »

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Turkish assets rally after opposition wins Istanbul election

ISTANBUL (Reuters) – The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday. Turkish assets have lost value since March am... More »

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In border camps, Syrians rely on doctors in trucks and tents

AZAZ, Syria (Reuters) – The Syrian war has inflicted all kinds of hardships on Najwa Abdelaziz but she still manages to make light of one of them. “The uprising ruined my teeth,” she jokes while getting dental care for the first time in years in the back of a ... More »

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U.S. prepares to end Iran oil waivers, triggering price spike

WASHINGTON/SINGAPORE (Reuters) – The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their ... More »

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Mir card payment system looks beyond Russia

MOSCOW (Reuters) – After Western sanctions gutted Russia’s financial system five years ago, a new bank card began appearing in the wallets of many Russians. Now the country is hoping to introduce its cards, known as Mir cards, to foreign markets where Russian ... More »

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China says 13,000 ‘terrorists’ arrested in Xinjiang since 2014

BEIJING (Reuters) – Authorities in China have arrested almost 13,000 “terrorists” in Xinjiang since 2014, the government said on Monday, in a policy paper defending its controversial de-radicalisation measures for Muslims in the restive far western region. Chi... More »

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Trade ties in focus as Iran’s Rouhani begins Iraq visit

BAGHDAD (Reuters) – Iranian President Hassan Rouhani sharply criticised U.S. military intervention in the Middle East on Monday as he began a first official visit to Iraq, aimed at shoring up Tehran’s influence and expanding trade ties. The visit also sends a ... More »

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Turkish fourth quarter GDP contracts 3 percent, worst performance…

ISTANBUL (Reuters) – The Turkish economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worse performance in nearly a decade, in the clearest sign yet that last year’s currency crisis is tipping it into recession. Turkey, a m... More »

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For Turkey’s economy, the worst is behind it: Albayrak

ISTANBUL (Reuters) – The worst is now behind Turkey’s economy, Turkish Finance Minister Berat Albayrak said on Monday, following the release of official data showing the economy contracted at a sharper than expected 3.0 percent in the fourth quarter of 2018. O... More »

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Rolls-Royce scales back on joining fighter jet project with…

(Reuters) – British engine maker Rolls-Royce Holdings Plc said on Sunday it had scaled back efforts to join a Turkish program to build a new fighter jet with Turkey’s Kale Group. Talks between Kale and Rolls-Royce ran into problems last year because of a dispu... More »

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As West turns on him, Venezuela’s Maduro flexes military muscle

CARACAS (Reuters) – Venezuelan President Nicolas Maduro oversaw a display of the army’s Russian hardware on Sunday, with anti-aircraft flak and tank rounds pounding a hillside to show military force and loyalty in the face of an international ultimatum for new... More »

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Syrian army enters Manbij after Kurdish calls to deter Turkey

BEIRUT (Reuters) – The Syrian army said it entered Manbij on Friday for the first time in years, after the Kurdish YPG militia urged Damascus to protect the town from the threat of Turkish attacks. It was unclear whether the government forces had spread out in... More »

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Syrian army enters town of Manbij and raises flag – statement

BEIRUT (Reuters) – The Syrian army entered Manbij on Friday for the first time in years, it said in a statement, after the Kurdish YPG militia urged the government of President Bashar al-Assad to protect the town from Turkish attacks. The army said it would gu... More »

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Turkey says nearly 300,000 Syrians return home after military…

ISTANBUL (Reuters) – Nearly 300,000 Syrians have returned to their country after Turkey’s two cross-border operations in northern Syria, Interior Minister Suleyman Soylu was quoted as saying on Saturday. Turkey has carried out two operations, dubbed “Euphrates... More »

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World’s first baby born via womb transplant from dead donor

LONDON, Dec 4 (Reuters) – A woman in Brazil who received a womb transplanted from a deceased donor has given birth to a baby girl in the first successful case of its kind, doctors reported. The case, published in The Lancet medical journal, involved connecting... More »

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S&P sees Turkish banks’ bad loans doubling in next 12-18 months

LONDON (Reuters) – Rating agency S&P Global expects the amount of bad loans on Turkish banks’ books to double over the next 12-18 months and their total credit losses to rise to as much as 2.5 percent from the recent average of 1.4 percent. In a new report pub... More »

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Moscow Exchange launches dollar vs. yuan, yen vs. rouble trading

MOSCOW (Reuters) – The Moscow Exchange (MOEX.MM) has launched five new currency trading options to boost liquidity on its currency market, the bourse said on Monday. The Moscow Exchange said it had started quoting the Japanese yen against the Russian rouble, a... More »

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Ozil departure puts focus on German relations with Turkish community

BERLIN (Reuters) – German soccer player Mesut Ozil’s decision to quit the national team due to “racism and disrespect” he faced over his Turkish roots threw a spotlight on Monday on the country’s relations with its largest immigrant community. The most promine... More »

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Security forces end attack on Erbil governorate by suspected…

ERBIL, Iraq (Reuters) – Kurdish security forces killed gunmen who had stormed a government building in the Kurdish city of Erbil on Monday and took hostages in an attack suspected of being carried out by Islamic State, security officials said, Armed with pisto... More »

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Germany should have considered a World Cup without Ozil: Bierhoff

MOSCOW (Reuters) – Germany should have considered leaving midfielder Mesut Ozil out of the World Cup squad following the furor caused by the player’s photo with Turkish President Tayyip Erdogan, Germany team manager Oliver Bierhoff has said. Ozil, a key member... More »

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Turkish operation on Kurdish rebels in Iraq is matter of timing:…

ISTANBUL (Reuters) – Turkish forces are waiting for the right time to carry out an operation in northern Iraq’s Qandil region where high-ranking members of the outlawed Kurdistan Workers Party (PKK) are located, Interior Minister Suleyman Soylu said on Monday.... More »

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Dollar surge bringing emerging market rate cut cycle to a halt

LONDON (Reuters) – A resurgent dollar and higher borrowing costs are smashing through Argentina and Turkey’s currencies like a wrecking ball and raising the likelihood more broadly that emerging markets’ three-year long interest rate cutting cycle is at an end... More »

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In Turkey’s Kurdish heartland, a battle for homes and votes

DIYARBAKIR, Turkey (Reuters) – Kurdish electrician Sukru Gunduz was out on a job when a friend came running to tell him his house was being knocked down, with five members of his family inside. Angry and alarmed, he rushed home. By the time he got there, a mec... More »

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Greek gunboat on patrol nudged by Turkish cargo vessel: Navy

ATHENS (Reuters) – A Greek gunboat was nudged by a Turkish cargo vessel early on Friday while on patrol for unauthorized migrant crossings in the Aegean Sea, the Greek navy said. The gunboat “Armatolos” was on patrol off the island of Lesbos as part of a NATO ... More »

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Dutch arrest four men on suspicion of planning attack on Turkish…

AMSTERDAM (Reuters) – Dutch prosecutors said on Monday they had arrested four men suspected of planning an attack on the Turkish consulate in Rotterdam. In a statement, the national prosecutor’s office identified the four as Moroccan-Dutch, and evidence of the... More »

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Putin to visit Ankara for talks with Turkey, Iran

MOSCOW (Reuters) – Russian President Vladimir Putin will make a two-day visit to Turkey from Tuesday where he will meet his Turkish counterpart Tayyip Erdogan and Iranian President Hassan Rouhani, the Kremlin said on Monday. Putin and Erdogan will also officia... More »

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Turkish chefs savor sweet success with world record baklava

ANKARA (Reuters) – A group of chefs in Turkey claimed a world record for the largest baklava on Thursday with a giant tray of the pastry dessert weighing over half a ton. The giant baklava was presented at a “Gastronomy Summit” in Ankara, where dozens of visit... More »