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Turkish Lira Crashes 4%, Biggest Drop Since “Failed Coup” Following Visa Suspension Drama

With tensions between Turkey and the US escalating dramatically and unexpectedly in the past few days, when first Turkish police on Wednesday arrested a local employee of the US embassy in Istanbul and charged him with espionage and an attempt to overthrow the government, which was following on Sunday afternoon by the US embassy in […]


Turkey Arrests US Embassy Employee

In a move that looks suspiciously like retaliation, Turkish police on Wednesday arrested a local employee of the US embassy in Istanbul and charged him with espionage and trying to overthrow the government, the Wall Street Journal reported, citing local media. The arrest stemmed from the man’s alleged support for US-based Turkish Cleric Fettulah Gulen, […]