“The exchange rate is the most important price in any economy, for it affects all other prices,” as Harvard political economist Jeffry Frieden put it. Since the U.S. dollar is the most widely used currency for cross-border exchange and investment, it is fair to say its value is the most …

The group describes its mission as “encouraging Turkey to adopt more democratic policies and responding to the steady erosion of Turkey’s democratic institutions.” John Bolton, the former national security adviser to President Donald Trump, says he’s joined the advisory council of the Turkish Democracy Project, a newly launched nonprofit, “to …

There are concerns about the Islamic State’s ability to still operate within and close to Turkish territory. Turkish police arrested 26 people on Monday for allegedly being linked to the Islamic State (IS).