Turkey spends record $12bn defending lira after Erdoğan rival’s arrest

Central bank’s currency intervention came as officials ‘lost control’ of market following Ekrem İmamoğlu’s detention

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Tens of thousands protest in Turkey against arrest of Erdoğan rival

Detention of Istanbul’s popular mayor Ekrem İmamoğlu galvanises opposition and leads to stock market plunge
Financial Times - 6h
Erdoğan’s move against main rival plunges Turkey into crisis

Politicians and investors say arrest of Istanbul mayor Ekrem İmamoğlu marks dangerous turning point in authoritarian slide
Financial Times - 1d
Turkish police detain Erdoğan’s main political rival

Lira and stocks fall as Istanbul’s mayor Ekrem İmamoğlu, a key challenger to president, held
Financial Times - 2d
Turkey Arrests Istanbul Mayor, Key Rival to President Erdogan

The mayor, Ekrem Imamoglu, was detained after prosecutors accused him of corruption and terrorism. The opposition said the arrest was politically motivated.
The New York Times - 1d
Turkish president’s main rival is arrested. The lira is crashing.

Investors sold Turkish assets amid fears the detention will destabilize the NATO-member country
MarketWatch - 2d
Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Imamoglu, the popular 53-year-old mayor was seen as the next opposition party candidate for the Turkish presidency.
CNBC - 2d
The alarming detention of the Turkish president’s rival

Move against Istanbul mayor brings fears of authoritarian slide by Erdoğan
Financial Times - 2d
Turkey arrests dozens over online posts after Erdogan rival detained

Some 37 people have been arrested for "provocative" social media posts, the interior ministry says.
BBC News - 1d
Who is Ekrem Imamoglu, Erdogan's main rival, and why was he arrested?

Ekrem Imamoglu, the mayor of Istanbul and a popular figure, had boasted jokingly that he was the only person to have beaten Recep Tayyip Erdogan’s ruling party in three local elections
ABC News - 2d

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