President Erdoğan told exporters in Istanbul on 16 October that the government has brought under control a capital markets crisis that cost an estimated $20 billion across nearly 456,000 investor accounts. He said payouts from funds slated for liquidation began the previous week, and that those who profited from manipulation would be held accountable. He also criticised opposition parties for calling the episode a crisis.
Vice President Cevdet Yılmaz presented the government's 2027 budget on 16 October, projecting growth of 4.2 percent, up from 3.3 percent this year, and inflation falling to 21 percent by the end of 2027 from a forecast 28.4 percent this year. The budget plans spending of 27.28 trillion lira against revenue of 23.41 trillion lira, a deficit of 3.5 percent of GDP, while keeping a primary surplus.
The CHP's High Disciplinary Board expelled 48 members on 16 October, mostly figures close to former leader Özgür Özel, who left the party in July with 90 lawmakers to found a new party. The board said members cannot campaign for one party while belonging to another. Kılıçdaroğlu, reinstated as CHP chairman after a court ruling, leads the party whose board ordered the expulsions.
Four people have died and three remain missing after the heaviest rainfall Istanbul has recorded since measurements began in 1942, officials said. Nearly 3,050 people have been rescued and tens of thousands of personnel are deployed, while schools stayed closed for a second day and dozens of flights were diverted or cancelled at Istanbul Airport.
Foreign Minister Hakan Fidan and delegations from more than ten countries left the hall on 15 October as Israeli President Isaac Herzog took the floor at the CICA summit in Baku. In his own address, Fidan said Israel violates Palestinians' basic rights through systemic pressure and repeated Türkiye's call for an independent Palestinian state on the 1967 borders with East Jerusalem as its capital.
Cypriot President Nikos Christodoulides said on 16 October that a high-level EU-Türkiye meeting, requested by UN Secretary-General António Guterres, is expected this month to discuss restarting Cyprus negotiations and the wider EU-Türkiye relationship. He said progress between the EU and Türkiye depends on resuming talks on the agreed UN framework, and that the UN chief's personal envoy is expected to visit Cyprus in late October.
Danish Prime Minister Mette Frederiksen asked the European Commission on Friday to review Spain's plan to grant legal status to hundreds of thousands of undocumented migrants, calling it the near opposite of what the rest of the EU is doing. Prime Minister Pedro Sánchez defended the policy as rights-based and compatible with growth, as EU leaders meeting in Brussels remained divided over migration.
Five sailors were rescued and seven remained missing after a fire broke out Thursday on the Wine Trader, a San Marino-flagged tanker, in Romanian territorial waters near Sulina. Romanian officials have not confirmed a drone caused the blaze, but Romania and Bulgaria plan to ask NATO and the EU for more Black Sea security support after a string of similar attacks blamed on Russia.
Hungarian Prime Minister Péter Magyar and Ukrainian President Volodymyr Zelenskyy held their first bilateral meeting on Friday at the EU summit in Brussels, after Kyiv's parliament passed a minority-education law that let Hungary drop its objections to two more EU accession chapters. Magyar called it a first step toward rebuilding trust and said he backs Ukraine against Russia's invasion; Zelenskyy said he wants the remaining two chapters opened by year's end.
About 80 masked Israeli settlers armed with clubs and some firearms charged at Palestinians picking olives in Abu Falah, north of Ramallah, on Friday, injuring at least two people including a Washington Post photojournalist. A monitoring group says settler violence has reached record levels during this year's harvest; Israel's government said the facts "remain unclear" and called for an investigation, while a US State Department official condemned "criminal violence by any party."
Rome prosecutors have placed Israeli Defense Minister Israel Katz and twelve senior officials under investigation over the treatment of activists detained aboard Gaza-bound flotillas in 2025 and 2026. Detainees have alleged beatings, death threats and at least 15 cases of sexual assault; Israeli officials have dismissed the case and continued to back their forces.
Yemen's government said two Houthi missiles landed near the runway at Aden International Airport on Friday, about 500 metres from a plane preparing to take off; officials said no one was hurt. The attack came a day after a Houthi strike on the presidential palace in Aden, as government forces claim gains against the Houthis in Marib and Taiz.
Prime Minister Abiy Ahmed's government named five officials, including Mekelle's mayor, to run Tigray for six months after federal forces retook the region from a Tigray People's Liberation Front uprising that collapsed in early October. The government promised elections once the interim administration's term ends; the TPLF had not responded to the announcement, and Ethiopia continues to accuse Eritrea of backing the group, which Eritrea denies.
Since the Riksdag rejected Magdalena Andersson as prime minister on 15 October, speaker Andreas Norlén has skipped a new formal round of party talks and instead phoned party leaders individually to speed up the process. He will announce on Monday 19 October at 13:30 who gets the next exploratory mandate, Ulf Kristersson or another attempt by Andersson. The Social Democrats, the Centre Party and the Greens want Kristersson tried first even though he lacks a majority, a sign the red-green bloc wants to buy time for its own negotiations.