The latest News
After years of tensions between Greece and Turkey, the countries’ leaders signed a “declaration on friendly relations and good neighborliness” on Thursday, in what they described as a bid to set the two neighboring, rival nations on a more constructive path. The eventual goal, they said, was to resolve longstanding differences, which in recent decades …
Turkey’s central bank has raised interest rates to 40 percent, its highest level in nearly two decades, in a significant move to tame the country’s runaway inflation after the country’s president, Recep Tayyip Erdogan, had previously defied economic convention by cutting rates to slow price increases. The increase of 5 percentage points on Thursday, which …