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Cypriot President Nikos Christodoulides announced an EU-Turkey summit in October aimed at restarting negotiations on the Cyprus issue, requested by UN Secretary-General Antonio Guterres. Christodoulides stressed that progress in EU-Turkey relations depends on resuming talks based on the agreed framework, with a UN envoy expected to visit Cyprus later in the month.
Türkiye issued orange alerts for Istanbul and four neighboring provinces, warning of intensifying downpours, strong winds up to 80 kph, and risks of flash floods and landslides on October 17. Forecasters predicted very heavy rain particularly in Istanbul's Asian side and northern districts, urging residents to take precautions against transport disruptions.
MSCI halted updates to Turkey's equity indexes on Thursday due to suspected coordinated trading and unreliable free-float calculations. The firm warned that insufficient market reforms by mid-2027 could trigger a downgrade from emerging-market to frontier-market status.
Senator Rick Scott criticized Turkey during a weekend visit to Greece and Cyprus, labeling its actions as inconsistent with NATO standards. He reaffirmed US support for a regional undersea electricity link despite Turkish objections over seabed surveys.
Türkiye issued a counter-NAVTEX challenging Greece's navigational notice for the Eunomia military exercise, disputing jurisdiction in waters overlapping a planned undersea cable. Greece insists it will proceed with the Great Sea Interconnector without Turkish permission.
Azerbaijan's ban on headscarves in schools has sparked diplomatic tension with Turkey, which criticized the rule as a violation of religious freedom. Baku implemented the ban to uphold secularism and counter perceived Iranian influence.
Turkey's corporate bond sector is encountering difficulties as a severe investment fund crisis drains liquidity. Portfolio values have plummeted by 1.5 trillion liras, restricting access to financing for smaller enterprises amid widespread investor caution.
The piece details deadly flooding in Istanbul that has prompted UK Foreign Office travel warnings. It outlines specific incidents including deaths and rescues, noting flight cancellations and advising residents to stay home while highlighting risks for tourists visiting the city.