Former Erdogan ally Babacan says to launch political party on Wednesday

Former Turkish deputy prime minister Ali Babacan said in an interview with Fox TV on Monday that he will launch his long-awaited political party on Wednesday, eight months after he resigned from President Tayyip Erdogan's AK Party.

Babacan announced last July that he was resigning from the party over "deep differences" about its direction and his move to establish a new party was seen as potentially eroding support for Erdogan's party.