A Turkish court on Sunday jailed the mayor of Istanbul on corruption charges, escalating the crackdown against opposition to the country’s strongman leader President Recep Tayyip Erdogan.

Turkish assets have enjoyed some world-beating gains plus a crawling currency peg that had proved pretty reliable until Wednesday's dramatic dive after Erdogan moved against Ekrem Imamoglu ...

The lira hit a record low against the dollar before closing down 3.3 per cent, as concerns grew about Erdogan’s commitment to the rule of law and economic reforms led by finance minister Mehmet ...