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Türkiye

Accusations mount this week in İmamoğlu corruption trial

Accusations mount this week in İmamoğlu corruption trial

Prosecutors at Silivri heard new testimony this week in the trial of former Istanbul mayor Ekrem İmamoğlu, one of 436 defendants accused of running a "criminal organization" from the municipality; he has been held in custody along with 46 other defendants. Witnesses described contractors paying bribes for permits and firms threatened with withheld municipal payments unless they funded election campaigns. Prosecutors are seeking sentences running to thousands of years; İmamoğlu denies the charges.

Türkiye rejects EU's 2026 progress report as "biased"

Türkiye rejects EU's 2026 progress report as "biased"

Türkiye's foreign ministry on Wednesday rejected the European Commission's annual report on its EU candidacy as "unfounded" and "biased" on the judiciary and fundamental rights, accusing Brussels of a double standard. The ministry said the EU "could not contribute meaningfully" to resolving the Cyprus dispute while backing the Greek Cypriot side unconditionally, and urged the bloc to move past "narrow political calculations" in its dealings with Ankara.

Turkish Parliament debates ratifying Mecca defence pact with Saudi Arabia and Pakistan

Turkish Parliament debates ratifying Mecca defence pact with Saudi Arabia and Pakistan

Lawmakers in Ankara this week debated a bill to ratify the Mecca Joint Defence Agreement, under which an armed attack on Türkiye, Saudi Arabia or Pakistan would be treated as an attack on all three, though the attacked state must first ask for help. The pact also sets up joint arms production and intelligence-sharing, and has been operating informally since the three countries' first strategic committee meeting in Istanbul on 31 August.

Central bank says fund scandal's hit to Türkiye's real economy stays limited

Central bank says fund scandal's hit to Türkiye's real economy stays limited

Türkiye's central bank said this week that the fallout from September's investment-fund scandal, in which 131 funds worth roughly $18 billion were ordered into liquidation, has so far left the broader economy largely intact: the roughly 3,000 real-sector firms exposed hold just 1.2% of real-sector assets and 0.9% of turnover. Fitch Ratings said the shock has hit securities firms hardest, while Istanbul's BIST 100 index has recovered nearly 5% since the scandal broke.

Europe

Zelenskyy makes surprise Madrid visit to court Latin American support

Zelenskyy makes surprise Madrid visit to court Latin American support

Ukraine's president made an unannounced trip to Madrid on Wednesday for talks with Prime Minister Pedro Sánchez and King Felipe VI on the sidelines of the Ibero-American Summit, where he also met UN chief António Guterres and EU Council President António Costa. Zelenskyy said strengthening Ukraine's air defences and expanding defence production remain his top priorities, as he looks to shore up support from a Latin American bloc split over the war.

Death toll from strike on Ukraine aid centre rises to 33, more than 50 feared trapped

Ukrainian officials said Wednesday that at least 33 people are now confirmed dead after Monday's Russian strike on a former school distributing aid in Komyshuvakha, in the Zaporizhzhia region, up from the 26 dead and 27 missing first reported; more than 50 people may still be trapped under the rubble, a count officials have not reconciled with Monday's smaller missing figure, with five rescued so far. President Zelenskyy called it "one of the largest Russian massacres of this war," and the strike came hours after a local ceasefire in the nearby Kherson region lapsed.

EU lawmakers water down 2035 petrol and diesel car phase-out

EU lawmakers water down 2035 petrol and diesel car phase-out

The European Parliament's environment committee voted Wednesday to cut the bloc's 2035 car emissions target from a full ban on new petrol and diesel sales to an 87.5% emissions cut, letting plug-in hybrids and conventional-fuel cars stay on the market beyond that date. The centre-right, centre-left and liberal groups who struck the deal cited a struggling European car industry facing Chinese competition; Green lawmakers called it a breach of the EU's 2023 Green Deal consensus.

EU to weigh "everything" against Georgia's government in January, Kallas says

The EU's top diplomat, Kaja Kallas, said Wednesday that "at the moment, everything is on the table," as Brussels prepares a "deep dive" in January on further steps against Georgia's government over its democratic backsliding, after the EU already suspended visa-free travel for Georgian diplomatic passport holders in March. Georgia's government has pushed back EU accession talks to beyond 2028 and offered no plan to repair relations with Brussels.

The World

Israeli opposition accuses Netanyahu of trying to illegally cling to power

Israeli opposition accuses Netanyahu of trying to illegally cling to power

Opposition leader Yair Golan accused Netanyahu of trying to illegally cling to power after the 27 October election left both blocs short of the 61 seats needed for a majority in the 120-seat Knesset: Netanyahu's camp took 53 seats, the opposition 48, and Arab-led parties a record 19. Opposition parties have asked Gadi Eisenkot, a former armed forces chief, to form a "national emergency government" by bringing in the Arab parties, a coalition Eisenkot had previously ruled out; Netanyahu's own camp has no such path to 61. Israel's election commission said allegations of fraud, which Netanyahu has repeated without evidence, would not affect the result's validity.

Iran says four tankers set ablaze by mines in the Strait of Hormuz

Iran says four tankers set ablaze by mines in the Strait of Hormuz

Iran's Revolutionary Guards said Wednesday that at least four oil tankers caught fire after striking naval mines while trying to pass through a stretch of the Strait of Hormuz that Tehran has declared off-limits, and that two more vessels were halted; the Guards also said they shot down a drone over the strait. Iran has controlled traffic through the strait since a US-Israeli strike touched off the war with Iran in February, and indirect talks on reopening it to normal shipping have made only halting progress.

Sweden

Riksbank raises rate to 2%, more hikes expected

Riksbank raises rate to 2%, more hikes expected

Sweden's central bank raised its policy rate from 1.75% to 2% on Wednesday, saying stronger economic activity and supply-driven cost increases mean inflation is likely to keep rising. The Riksbank said a further hike next year is likely if that outlook holds; markets expect as many as four or five more increases, a steeper path than most other Western central banks.

Sweden sends Patriot troops to Poland as sabotage risk rises

Sweden sends Patriot troops to Poland as sabotage risk rises

Around 100 Swedish soldiers from the Halmstad air defence regiment will deploy a Patriot air-defence system to Rzeszów in eastern Poland from late November, under Operation ANP 27, to protect a logistics hub that channels personnel and supplies to Ukraine. Polish authorities have raised their alert level over the risk of Russian sabotage near the border, and the Swedish contingent says it is stepping up surveillance and personnel security in response.

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