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Turkish president Recep Tayyip Erdogan: “If they have the iPhone, there is Samsung on the other side.” Photograph: EPA/STR

Leading Turkish business groups have called on Ankara to tighten monetary policy, introduce austerity measures and urgently resolve a dispute with the(...)

Customers stand in queue outside the Turkish Ziraat Bank branch in Frankfurt, Germany

Turkey’s economic crisis poses a threat to European banks with business in the country. Spain’s BBVA, Italy’s UniCredit, France’s BNP Paribas, Dutch (...)

Bitcoin touched below $6,000 (€5,260) and dozens of smaller digital tokens including Ether retreated as this month’s sell-off in cryptocurrencies sho(...)

Munther al-Sudani shows off a tattoo of his brother, Captain Harith al-Sudani, in Baghdad. Photograph: Ivor Prickett/The New York Times

The driver was sweating as his white Kia pick-up truck sped along a rain-slicked Baghdad highway toward a neighbourhood bustling with open-air markets(...)

Burnt car by the coast of Mati, near Athens: on many counts, Syriza has failed. Photograph: Angelos Tzortzinis/AFP/Getty

By the time you read this, the death toll in the catastrophic fires in Greece will have been counted, the political blame-game will have been exhauste(...)

The latest fall in the lira was precipitated by US president Donald Trump’s announcement on Friday that he was doubling US import tariffs on Turkish steel and aluminium, raising the pressure on Turkish president Recep Tayyip Erdogan. Photographs:  Adem Altan, Saul Loeb/AFP/Getty Images

The warning signs have been there for more than a year, but in the past week Turkey has been hit by a financial crisis that, coupled with a tense stan(...)

The Turkish currency crisis continued to shake global markets, with stock indexes declining from Asia to Europe. Photograph: Murad Sezer/Reuters

Global bank stocks suffered as the Turkish lira crisis shook investor confidence in lenders exposed to the country while, in the US, Apple and Amazon (...)

Bosnian Serb leader Milorad Dodik has refused to accept migrants in his region and called their arrival part of a conspiracy to boost the country’s Muslim population. Photograph: Elvis Barukcic/AFP/Getty Images

Residents of the town of Bihac in northwest Bosnia have protested against the country’s handling of growing numbers of refugees and migrants, thousand(...)

Turkish President Tayyip Erdogan  has said the country is in an economic war and called on the population to sell dollars and buy lira

Turkey remains under heavy fire on the markets in what is fast developing into a stand-off between investors and President Recep Tayyip Erdogan. After(...)

Economist Tim Lee,  predicted that Turkey’s currency would collapse. Now, he foresees a broader financial crisis. (Nick Hagen/The New York Times)

For the last seven years, Tim Lee has been warning that a financial crisis in Turkey would set off a wider calamity in global markets. Just about nob(...)

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