Thousands rally in Turkiye over journalist arrests, media shutdowns
Thousands have protested across Turkiye against the arrests of journalists and restrictions on independent media.
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Thousands have protested across Turkiye against the arrests of journalists and restrictions on independent media.
Zorlu Enerji, the power producer and distributor owned by one of Turkeyโs largest conglomerates, will miss a coupon payment due this week on its $1.1 billion bond, according to people familiar with the matter.
Turkeyโs market regulator has shut down three brokerages that ran funds now set to be liquidated, throwing hundreds of jobs in doubt and adding to the turmoil in the industry.
The state takeover of Halk TV, one of Turkeyโs most widely watched news channels, represents far more than an isolated confrontation between the authorities and an independent broadcaster. For Milena Buyum, Amnesty Internationalโs Turkey campaigner, it is part of a broader erosion of media pluralism, characterized by the appointment of state trustees, the detention of journalists and mounting restrictions on independent digital platforms. Buyum describes the intervention as a "brutal attack on media freedom in Turkey,โ framing it within a sustained crackdown on independent journalism that has intensified since March 2025.ย
Turkeyโs market regulator chief, Mahmut Sutcu, stepped down on Monday during the fallout of a fund crisis thatโs upended the countryโs markets.
The crisis roiling Turkeyโs investment industry may be spilling into its fast-growing corporate bond market, potentially crimping smaller companiesโ access to financing.
MSCI Inc. is stepping up scrutiny of Turkeyโs equity market following a crisis in the countryโs fund industry, freezing some index changes and warning that its emerging-market status could eventually be at risk.
Police raided Turkey's most-watched news channel, Halk TV, early Wednesday, halting broadcasts and installing a government-appointed administrator in the latest move against pro-opposition media. Halk TV chairman Cafer Mahiroglu condemned the move against the broadcaster's Istanbul headquarters as "a dark day for Turkey", and criticism poured in from the opposition and rights groups.
Turkish authorities appointed a government trustee to run popular broadcaster Halk TV on Wednesday afterย police raided its headquarters, halting live broadcasts and arresting 11 people. Halk chairman Cafer Mahirogluin denounced "a dark day for Turkey", adding that seven of his family members were among those detained.ย
FTSE Russell maintained Turkeyโs status as an advanced emerging market, a reprieve for the country after a fund crisis last month that sent stock prices plunging.