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Turkey's central bank hikes interest rate by 500 basis points to 40%

Turkey's central bank on Thursday hiked its main interest rate by 500 basis points to 40% in a move that was larger than expected by economists. ....

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Erdogan invites Elon Musk to build his next Tesla factory in Turkey

Erdogan met with the Tesla and SpaceX CEO in New York while visiting the U.S. for the United Nations General Assembly. ....

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Turkish central bank announces bigger than expected rate hike

Turkey's central bank on Thursday hiked interest rates by more than expected to 25% in bid to tame red-hot inflation. ....

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Turkey's central bank raises interest rate less than expected, to 17.5%

"Terrible decision and I think a mistake. Again under-delivering," one strategist said in reaction to the news. ....

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Sweden is in final stretch for NATO membership. Will Turkey derail it?

NATO is convening in Vilnius to approve new defense plans, and its leaders hope announce the full approval of Sweden to the alliance. ....

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