Yahoo News - Latest News & Headlines, Erdogan Loses Key Cities as Turkey Feels Recession's StingLatest Yahoo News & Headlines

The Turkish lira reversed losses in the early morning and was trading up O.2 percent against the dollar at 8:41 a.m. in Istanbul. Erdogan’s first setback at the polls in years shows his ruling AK Party and its nationalist partner are paying the price after the economy dipped into its first recession since the global financial crisis.

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Yahoo News - Latest News & Headlines

The Turkish lira reversed losses in the early morning and was trading up O.2 percent against the dollar at 8:41 a.m. in Istanbul. Erdogan’s first setback at the polls in years shows his ruling AK Party and its nationalist partner are paying the price after the economy dipped into its first recession since the global financial crisis.