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Turkey in final-stage talks for up to $10 billion in funding from Qatar - sources

Turkey in final-stage talks for up to $10 billion in funding from Qatar – sources

ANKARA, Nov 25 (Reuters) – Turkey and Qatar are in the final stages of Doha talks to provide up to $10 billion in funding to Ankara, including up to $3 billion by the end of this year, two senior Turkish officials and another source told Reuters. One of the officials said the full funding could …

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Turkish inflation reaches 85.5%, its highest level in 24 years, after rate cuts

Turkish inflation reaches 85.5%, its highest level in 24 years, after rate cuts

ISTANBUL, Nov 3 (Reuters) – Turkey’s annual inflation hit a new 24-year high of 85.51 percent in October, official data showed on Thursday, slightly below forecasts, after the central bank lowered its key rate despite soaring prices. Inflation has been rising since last year, when the pound slumped after the central bank began cutting its …

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