Does the collapse in value in the Turkish lira provide a sudden opportunity to pick up a bargain holiday? Lots of holidaymakers apparently think so - bookings to the country have soared in the last few days. “The lira is at an all-time low against the pound [£1 currently buys 9 lira, up from 4.5 a year ago] and thanks to the heatwave [which has seen holidaymakers put off booking trips overseas] there are a lot of good-value deals on offer, so there’s never been a better time to holiday in Turkey,” said a spokesperson for Thomas Cook. The company has reported a 63 per cent increase in bookings to Turkey this year, with Antalya overtaking Palma de Mallorca as the top destination airport for its... Register for free to read this article, or log in to your Telegraph account Register Log in … [Read more...] about Just how cheap are holidays to Turkey right now – and should I take lira?
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Global markets sink on growth concerns, Turkey jitters
Elaine Kurtenbach, Ap Business Writer Updated 5:25 am PDT, Wednesday, August 15, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Vincent Yu, AP Image 1of/3 CaptionClose Image 1 of 3 People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 15, 2018. Shares were mostly lower in Asia early Wednesday despite a rally overnight on Wall Street as investors' jitters over the Turkish currency crisis eased. less People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 15, 2018. Shares were mostly lower in Asia early Wednesday despite a rally overnight on ... more … [Read more...] about Global markets sink on growth concerns, Turkey jitters
Turkey increases tariffs on some US imports
Associated Press Published 12:08 p.m. UTC Aug 15, 2018 Ankara, Turkey – Turkey said Wednesday it is increasing tariffs on imports of certain U.S. products, including rice, cars, alcohol and coal – escalating a feud with the United States that has helped trigger a currency crisis. The Turkish government said tariffs on American cars will be doubled to 120 percent while those on alcoholic drinks will be hiked by the same rate to 140 percent. Overall, the duties will amount to $533 million, a relatively small sum that is unlikely to hurt U.S. companies much and appears meant instead to make a political point. Vice President Fuat Oktay said on Twitter that the tariffs on certain products were increased “within the framework of the principle of reciprocity in retaliation for the deliberate economic attacks by the United States.” The tariffs come a day after President Recep Tayyip Erdogan said Turkey would boycott U.S. electronic goods, singling out iPhones. He … [Read more...] about Turkey increases tariffs on some US imports
Swedish police say suspect in car fires arrested in Turkey
Updated 2:15 am PDT, Wednesday, August 15, 2018 Photo: Adam Ihse, AP Image 1of/1 CaptionClose Image 1 of 1 Burned cars parked at Frolunda Square in Gothenburg, Tuesday, Aug. 14, 2018. Masked youth torched dozens of cars overnight in Sweden and threw rocks at police, prompting an angry response from the prime minister, who on Tuesday spoke of an "extremely organized" night of vandalism. (Adam Ihse/TT via AP) less Burned cars parked at Frolunda Square in Gothenburg, Tuesday, Aug. 14, 2018. Masked youth torched dozens of cars overnight in Sweden and threw rocks at police, prompting an angry response from the prime ... more Photo: Adam Ihse, AP Swedish police say suspect in car fires arrested in Turkey 1 / 1 Back to Gallery COPENHAGEN, Denmark (AP) — Police say that a man suspected of arson in connection … [Read more...] about Swedish police say suspect in car fires arrested in Turkey
The Latest: Turkey court rejects appeal for pastor’s release
Updated 1:24 am PDT, Wednesday, August 15, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Lefteris Pitarakis, AP Image 1of/3 CaptionClose Image 1 of 3 FILE - In this Friday, May 4, 2018 file photo, Turkey's President Recep Tayyip Erdogan, center, looks at his phone during a ceremony in Istanbul. Erdogan said Tuesday, Aug. 18, 2018, that his country will boycott U.S.-made electronic goods amid a diplomatic spat that has helped trigger a Turkish currency crisis. Showing no signs of backing down in the standoff, Erdogan suggested that Turkey would stop procuring U.S.-made Iphones and buy Korean Samsung or Turkish-made Vestel instead. less FILE - In this Friday, May 4, 2018 file photo, Turkey's … [Read more...] about The Latest: Turkey court rejects appeal for pastor’s release