Adam Samson

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

”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...

Top Federal Reserve official says central bank is ‘pretty close’ to meeting key targets Kansas City Fed chief Jeff Schmid calls for ‘gradual’ changes in monetary policy

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...

Pfizer executives descend on Donald Trump’s Mar-a-Lago for planning meeting Drugmaker is latest titan of corporate America to curry favour with president-elect

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

The Erdoğan whisperer behind Turkey’s economic pivot [FREE TO READ] Vice-president Cevdet Yılmaz has played a crucial backstage role managing the turn to financial orthodoxy

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

Heart and Soul - Antisemitism in Turkey - BBC Sounds The rising antisemitism faced by the Jewish community in Turkey.

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 Defence minister Pistorius says unclear who was responsible

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.

Rating X: Twitter’s chaotic year under Elon Musk’s shock treatment Upheaval has left trophy purchase of social network seriously impaired

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

Live news: Billionaire investor Bill Ackman scraps bearish bet on Treasuries

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