will pay the price for betrayal' Turkey's prime minister has berated an Islamic cleric he accuses of plotting to wreck his government, as more voice recordings apparently intended to embarrass him were aired online. Recep Tayyip Erdogan is locked in a power struggle with the US-based Turkish cleric Fethullah Gulen, a former ally he says is behind a stream of "fabricated" voice recordings purportedly...
s Secret Intelligence Service thought it, "a revolutionary wave, like 1848". Paul Mason agrees: "There are strong parallels – above all with 1848, and with the wave of discontent that preceded 1914.' [2] Alain Badiou suspects a possible "rebirth of history" in a new age of "riots and uprisings" after a long revolutionary "interval".[3] Eventually, however, history is miscarried or stillborn and Badiou...
28th annual billionaires' list. Women now make up 10% of the global super-rich. Facebook chief operating officer Sheryl Sandberg, with a personal fortune worth more than $1bn (£600m), becomes one of the highest-profile new entrants to the Forbes list, joining Meg Whitman of Hewlett-Packard as the only other female tech billionaire. Nigeria's first female billionaire, businesswoman Folorunsho Alakija,...
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s joyful reaction to the French revolution – "Bliss was it in that dawn to be alive, But to be young was very Heaven!" – , which he fondly believed threatened the ancien regime across all Europe, shows how lasting, powerful – and illusory – is the idea of ubiquitous, socially-levelling, personally liberating rebellion. Following this deceptive formula, the revolts that roiled the Arab world, starting...
s prime minister in corruption has been published on YouTube by an anonymous poster. Recep Tayyip Erdogan has said an earlier post on the video-sharing site, in which he allegedly told his son Bilal to dispose of large sums of cash during a corruption investigation, was faked by his political enemies . In the latest recording, uploaded on Wednesday, a man said to be Erdogan is heard asking his son...
looking into reports' Chelsea's security advisers and the British Consulate in Turkey are working together to ascertain the circumstances that led to two travelling supporters being stabbed in apparently separate incidents around the same bar in Istanbul on the eve of the club's Champions League meeting with Galatasaray. The clashes are understood to have taken place in the busy Taksim Square area...
s voice responds: "That's what I mean." Later, the person alleged to be the prime minister asks: "Did you make most of it vanish?" He is answered: "We haven't been able to do all of it yet. There are about 30m euros left. We haven't been able to get that out yet." Erdogan described the recordings as "blackmail, being spread via Twitter". But he admitted his phone had been tapped in what he called "Turkey's...
s intelligence chief after the audio of two men discussing how to get rid of money from a home circulated on the internet on Monday. Erdogan's office claims the tapes were fabricated. They have vowed to take legal action against the perpetrators. Devlet Bahceli, leader of Turkey's far-right Nationalist Action party, called the recordings "mind-blowing" and urged prosecutors and other judicial bodies...
s biggest retailer has been in Turkey since 2003 but has suffered poor trading from its 191 stores recently, with underlying sales at Tesco Kipa falling 10.7% in its second quarter to the end of August. Last October, Tesco said its business in eastern Turkey could be restructured, but it would not exit the country. Under pressure to turn around falling sales in its main domestic market, Tesco has done...
s rejuvenation after its 1974 invasion by Turkey, the high-end boutiques of Nicosia's main shopping street are boarded up, its fashion shops plastered with "for rent" signs, its thriving cafes closed and shuttered. Eleven months after the Mediterranean isle's near economic collapse, the Cypriot capital's pre-eminent avenue embodies the destruction wrought by a financial hurricane that, for a few dramatic...
s grip on the judiciary after a heated debate and brawl in which an opposition MP was put in hospital. The legislation, which would give the justice ministry increased control over the higher council of judges and prosecutors, which appoints and oversees judges and prosecutors, was endorsed on Saturday. Local media reported that Ali Ihsan Kokturk, MP for the main opposition Republican People's party,...
Fresh jitters in the markets this afternoon as last night's dramatic hike in Turkish interest rates failed to ease fears over emerging markets for long Graeme Wearden ...
s leading bourses, with investors rattled that the Indian, South African and Turkish currencies all weakened despite attempts by policymakers to shore them up with higher interest rates. In London, the FTSE 100 closed slightly lower at 6544 following a 28-point fall, while the dollar weakened against two traditional safe-haven currencies – the Japanese yen and the Swiss franc. The Russian rouble hit...
s alive. In fact, he's the prime minister of Turkey. So what is he, in hiding? No, he's just busy. Erdogan was unable to attend last Sunday's rally for the ruling Justice and Development party, so he made alternative arrangements. He sent a trusted emissary? No, he sent a giant hologram of himself . You're making that up. Not at all. Erdogan's projected avatar spoke to cheering supporters, saying:...
s economy and US Federal Reserve bond plans European stock markets posted fresh losses on Monday, with London leading the way, as fears of an emerging markets crisis continued to alarm investors and sent shares sliding in Asia overnight. Shares were also hit by predictions that the US Federal Reserve would trim its bond-buying stimulus programme on Wednesday, despite recent market volatility, and concerns...
The Aussie dipped below 87 US cents after RBA member said it could go as low as 80 ...
s major developing economies triggered turmoil on international stock exchanges on Friday. The FTSE 100 fell more than 100 points, or 1.6%, and the US Dow Jones dropped 1.2% as traders reacted to concerns that Argentina, Turkey, South Africa and several vulnerable Central American nations might be on the brink of a currency crisis. Political instability in Ukraine and the nose-diving Venezuelan economy...
Dollar dips to three-and-a-half-year low as China worries hammer global markets and emerging market currencies ...
s merchant marine minister has accused the survivors of a fatal migrant boat sinking of changing their accounts of the incident, initially saying the Greek coastguard saved them but later accusing it of badly mishandling the rescue operation. Twelve people, mostly children, are believed to have died in Monday's sinking . Only two bodies have been found. The small fishing boat carrying 28 people had...