Turkey’s sovereign wealth fund is buying stakes in Togg from two of the electric carmaker’s original investors, in deals that value President Recep Tayyip Erdogan’s flagship industrial project at $900 million.

Turkiye Sigorta AS shares extended losses after local media reported that two of its top executives were arrested as part of a sweeping probe into allegations of market manipulation in Turkish funds.

Turkish consumer confidence suffered its sharpest monthly drop in three years following a fund crisis that triggered a stock rout and left investors unable to access some of their assets.

Turkey’s market regulator temporarily shut down three brokerages tied to last month’s fund crisis, as the shockwaves caused by the scandal continue to reverberate throughout the industry.

HalkTV, one of Turkey’s most-watched opposition television channels, was taken over by a government appointee after police raided its offices early Wednesday and ended its live broadcast.

Turkish defense contractor Aselsan Elektronik Sanayi ve Ticaret AS extended gains after a “buy” recommendation from BofA Securities Inc.

Turkish comedian Deniz Goktas was released from prison on Monday after spending nearly three months in pretrial detention over remarks in a stand-up show that went viral on YouTube.

Two weeks after putting his savings into a high-flying Turkish stock fund on the advice of a relative, Mehmed Kervanci was frantically hitting the sell button on his phone’s trading app.

For a long time, it seemed little could stop Altunc Kumova, a discreet businessman who became one of Turkey’s richest people after a meteoric rise in his finance firm’s stock.

Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce defaults on some funds this week.

President Donald Trump’s envoy for Syria and Iraq issued a stern warning after Israel’s recent strike on a long-shuttered military base near the Turkish border, invoking the downing of a Russian jet more than a decade ago that escalated regional tensions.

Azimut Holding SpA agreed to buy Turkey’s Yapi Kredi Portfoy Yonetimi AS, in a deal that will make the Italian asset and wealth manager the largest private portfolio manager in the country.

Turkish opposition leader Ozgur Ozel and 90 other lawmakers resigned from the Republican People’s Party, or CHP, on Friday in order to create a new political party to mobilize a fractured opposition.

Turkey arrested a stand-up comedian on charges that he insulted President Recep Tayyip Erdogan and incited the public to hatred by joking about religion.

Turkey’s Armed Forces Pension Fund, known as Oyak, launched talks to acquire a stake in Tekfen Holding AS held by a company whose management was temporarily seized by the government.

Turkey’s three state-run Islamic banks will merge, President Recep Tayyip Erdogan said on Friday, declaring a new initiative to boost the share of so-called participation banking in the financial system.

Turkey’s wheat harvest is poised for a sharp recovery from last year’s crop-ravaging droughts, potentially curbing the outlook for imports from one of the world’s largest wheat buyers.

A Turkish court has formally arrested Alican Uludag, a correspondent for the Turkish service of Germany’s state-funded broadcaster Deutsche Welle, on a charge of insulting President Recep Tayyip Erdogan.

On Jan. 30, Turkish authorities announced the freezing of more than half a billion dollars in assets owned by Veysel Sahin, who is accused of running illegal betting platforms and laundering criminal proceeds. An unidentified crypto company carried out the freeze at Turkey’s request, Istanbul’s chief prosecutor said.

Shares of the Turkish state lender Halk Bankasi AS tumbled on Wednesday following the adjournment of a court status conference in the US related to charges of evading sanctions on Iran.