”Turkey’s central bank burnt through almost $12bn defending the lira in a record intervention after President Recep Tayyip Erdoğan’s detention of his political rival triggered a political crisis that scared investors and sent the currency reeling.” @adamsamson.bsky.social www.ft.com/content/5794...

Got to write about the Fed for the first time in a while (not as exciting as the Turkish central bank tbf) www.ft.com/content/decc...

FT scoop -> Pfizer executives descend on Donald Trump’s Mar-a-Lago for planning meeting www.ft.com/content/ad6a...

Turkish finance minister Mehmet Şimşek is a rock star on the intl financial circuit & the face of the country’s economic overhaul. But VP Cevdet Yılmaz is quietly playing a pivotal role: keeping president Erdoğan - a critic of orthodox policy - onboard. on.ft.com/403qFjB

Important BBC World Service documentary by @victoriacraig.bsky.social about rising antisemitism in Turkey. The country’s Jewish community rarely speaks out on this, but Victoria broke through after months of dogged reporting. www.bbc.co.uk/sounds/play/...

Personal news: I started this week as @financialtimes.com US executive news editor, based in New York. Excited to be back in NYC after eight years in London/Ankara. Buckling up for some extraordinary stories in coming weeks and months…

Severing of undersea cable likely to be sabotage, Germany says https://www.ft.com/content/33cd110b-e071-4b97-9af6-b6bde261515a

And then bitcoin crashes through $90k.

So according to this Richard Waters col, Bluesky has about 2% of X’s audience. So we are early adopters. But Richard points out that signs that journos and other influencers are posting more actively suggest the threat to X could be greater than the current numbers suggest www.ft.com/content/57df...

Incredible charts from a new Turkstat publication that show how the recent inflation crisis in Turkey is among the worst in the past eight decades (h/t Hakan Kara for flagging up this report) ->

Turkish stocks tumble after Erdoğan steps up Israel criticism on.ft.com/408Xrzc

Erdoğan submits Sweden’s Nato bid to Turkish parliament www.ft.com/content/e9fd...