US EditionTurkish companies 'paying the bill' as political crisis roils economy
- The arrest of Istanbul Mayor Ekrem Imamoglu has sparked the largest anti-government protests in a decade, creating unrest in Turkey's economy and private sector.
- Following Imamoglu's detention, the Turkish Lira fell to a record low of 42 to the dollar, leading to increased borrowing costs for companies.
- Company officials, including Seref Fayat of System Denim, reported that businesses are pausing investments and reassessing risks due to the uncertainty caused by the political situation.
- Hakan Kara stated that companies will need to create new financial plans as investment expenditures are expected to decline amid ongoing market turmoil.
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EU faces billion-euro dilemma amid Turkiye crisis
The European Union (EU) is facing mounting criticism over its continued financial support for Turkiye as President Recep Tayyip Erdoğan’s government intensifies its crackdown on political opponents, Reuters reports. According...
·London, United Kingdom
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The Straits TimesReposted by 
The Star Kuala Lumpur
The Star Kuala LumpurTurkish companies 'paying the bill' as political crisis roils economy
ISTANBUL - Turmoil unleashed by the arrest of Turkey's leading opposition figure last week has sent shockwaves through the private sector, forcing companies to rethink strategy and dig in for a period of uncertainty and potential economic instability.
·Singapore
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Total News Sources4
Leaning Left1Leaning Right2Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
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