said it was the most unfair election in years and he felt saddened by the troubles awaiting turkey. aru na iyengar reports. ecstatic erdogan supporters outside the presidential palace in ankara last night. earlier in the day, the president had sung to the crowd and recited a poem. this erdogan supporter says, bye bye mr kemal. thank god islam has won. translation: we are very happy. full ofjoy- - i can t even contain myself. i thank god. big celebrations, but they don t show that this was the biggest challenge to mr erdogan s authority in years. he became prime minister in 2003, later becoming president. to build up that position, he has stifled all opposition. his non religious rival, kemal kilicdaroglu, says the election was unfair. mr erdogan had one big advantage almost total control of the media. mr kilicdaroglu s chp party had campaigned against crackdowns on dissent, and for a return to an independentjustice system and parliamentary democracy. a sombre mood her
who s based in the turkish capital, ankara. the tour, a lot ahead for president erdogan, he thinks cost of living crisis is manageable is it? that crisis is manageable - is it? that is an excellent crisis is manageable - is it? that is an excellent question, - crisis is manageable is it? twat is an excellent question, and one had so many economists across the world are wondering about, because he has pursued such unorthodox economic and monetary policies over the last several years, he has put a lot of pressure on the central bank not to raise interest rates, as most central banks usually do to combat rising prices, and that has let inflation run away. as you said, inflation run away. as you said, inflation currently at 44%, it topped out at 88.5% last year, so household is really feeling the pinch, and the question is whether president erdogan will put a team around him now who will sort of convince him that more orthodox monetary policy is the way to go. the thing is,
at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but we have
of her reent calf injury, as she beat the italian lucia bronzetti, 6 4, 6 1. last year s runner up coco gauff recovered from losing the first set against spain s rebeka masarova. the american sixth seed battled back to take it 3-6, 6-1, 6-2. italian football authorities say they have reached a settlement withjuventus in a case over alleged irregularities in the club s payment of players salaries. based on the agreement, juventus will pay a fine of 718,000 euro and stop any appeals in ongoing sport cases. the deal comes after the club were docked 10 points earlier this year over a separate case on player transfer accounting and it doesn t include any further point deductions. england are preparing for theirfirst test chelsea have a new head coach. speaking, he says he does not have plans. he went on to score four goals in 20 appearances for the blues. england are preparing for theirfirst test match of the summer. they face ireland at lord s on thursday ahead of the ashes seri
from these various meetings happening today? the from these various meetings happening today? happening today? the two meetings. happening today? the two meetings, the happening today? the two meetings, the g7 - happening today? the two meetings, the g7 but - happening today? the two meetings, the g7 but also | happening today? the two - meetings, the g7 but also the ttc, which i see is the more productive and hope meeting, it is bilateral, the us and the eu. i am sure something will come out of this, given the risks and dangers that have been identified quite clearly by both sides. what we could expect in that format is probably some kind of agreement on what the risks are first of all, to define the risks, the metrics of measuring the risks of ai and risk management methods, but also the start of developing common standards, to take steps together to, with stakeholders present at the ttc, who will give insight necessary to arrive at common standards. and i think everyo