Turkey Financial News

Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. The report links on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.

Black Sea dangerous for shipping. Even the US said ships are at risk of being targeted. There is still interest from ship owners in carrying Ukrainian grain through the Black Sea — if they can mitigate the risk, according to a major shipping group. And that's a big if. Despite the warnings and port attacks, which have levelled grain infrastructure, “shipping has always been very, very resilient in the face of these sorts of risks,” said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping, which represents 80 per cent of the world's commercial fleet. This week's strikes came after Russia pulled out of a wartime accord that the UN and Turkey brokered last year to provide safeguards for shipping companies in a bid to end a global food crisis. Ukraine — which, along with Russia, is a major supplier of wheat, barley and vegetable oil to developing nations — shipped 32.9 million metric tons of grain to the world and supplied 80 per cent of the World Food Program's wheat for humanitarian aid so far this year.

Croatian police have detained nine people suspected of smuggling migrants into the European Union country from neighboring Serbia

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Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

Turkey’s central bank has raised its key interest rate in another sign of commitment to a traditional path of battling inflation

Spare, seems to have lost its charm among readers, as copies of the book are being left behind at holiday hotspots, causing a unique situation for hoteliers and resorts. The book, released only six months ago, initially created quite a stir and quickly soared to the top of Amazon's bestseller list, with over 1.43 million copies sold on its debut day, earning the book a prestigious Guinness World Record.  This remarkable feat earned the book the distinction of being the fastest-selling non-fiction book in history, outpacing other acclaimed works like A Promised Land by former US President Barack Obama and many others.

Russia warned that ships sailing to Ukraine's Black Sea ports from Thursday will be seen as potential military targets, days after its withdrawal from a safe-passage deal that threatens to worsen global food supplies. Ukraine said on Wednesday it was establishing a temporary shipping route via Romania, one of the neighbouring Black Sea countries. «Its goal is to facilitate the unblocking of international shipping in the north-western part of the Black Sea,» Vasyl Shkurakov, Ukraine's acting minister for communities, territories and infrastructure development, said in a letter to U.N.

AFP further reported. In response, the Russian defence ministry stated that any ships travelling to Ukrainian ports in the Black Sea would be treated as possible carriers of military cargo. Furthermore, the flag states of these vessels would be considered as taking part in the Ukrainian conflict on the side of the Kyiv regime.

BBC staff in Cairo have concluded their three-day strike for equal pay with colleagues across the Middle East but threatened future collective action if their demands are not met

Russia warned that from Thursday any ships traveling to Ukraine's Black Sea ports will be seen as possibly carrying military cargoes after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The moves by both countries on Wednesday came just days after Russia quit a deal — brokered by the United Nations and Turkey — that allowed the safe Black Sea export of Ukraine grain for the past year, and revoked its guarantees of safe navigation.

Medical tourism in India has been growing at a galloping pace. Interestingly, among the top 10 countries from where medical tourists arrive, nine happen to be majority-Muslim: Bangladesh, Afghanistan, Indonesia, Oman, Turkey, Iraq, the UAE, Sudan and Nigeria, the other being Nepal. This is a true, measurable sign of India's rising stature in the world.

Five European Union countries will extend their ban on Ukrainian grain to protect their farmers’ interests

By Nick Starkov

Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye, he received a prison sentence of seven months and 15 days for failing to submit documents requested during the trial.

Russia on Monday halted a breakthrough wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.Kremlin spokesman Dmitry Peskov said the Black Sea Grain Initiative would be suspended until demands to get Russian food and fertilizer to the world are met. An attack Monday on a bridge connecting the Crimean Peninsula to Russia was not a factor in the decision, he said. «When the part of the Black Sea deal related to Russia is implemented, Russia will immediately return to the implementation of the deal,» Peskov said.

On Sunday, the Turkish ship TQ Samsun left the port of Odesa in Ukraine carrying 23,500 metric tons of corn and 15,300 metric tons of rapeseed to the Netherlands under the final hours of the Black Sea grain deal.

Russia halted an unprecedented wartime deal on Monday that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.

By Abdi Sheikh and Aaron Ross

food crisis amid the Ukraine-Russia war hit a stumbling block on Monday as Moscow backed out of a UN-brokered deal. Kremlin spokesman Dmitry Peskov told reporters on a conference call that the Black Sea agreements which allowed export of Ukrainian grain had ‘ceased to be valid today’. The development came mere hours after it accused Ukraine attacking the Crimean Bridge.