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Tuesday, February 25, 2020

Huawei gets limited role in UK's 5G network

LONDON Chinese telecom company Huawei will be allowed a "limited role" in the U.K.'s next-generation 5G telecommunications network, the British government said Tuesday. The company will be "excluded from all safety...

Turkish furniture sector set to broaden its global presence

ISTANBUL Turkey, which made $3.5 billion furniture exports last year, is preparing to open two furniture malls in the U.S. and Dubai in coming months. While the country's furniture sector continues...

BP pulls out of Iraq's Kirkuk oilfield

ANKARA/KIRKUK British energy giant BP has withdrawn from Iraq's Kirkuk oilfield following discouraging results and the Iraqi oil ministry's decision not to renew the company's field study contract, according to...

US crude oil stocks decline for week ending Jan. 17

ANKARA  The U.S.' crude oil inventories decreased last week, according to data released by the Energy Information Administration (EIA) on Thursday. Commercial crude oil inventories declined by 0.4 million barrels, or...

EU commercial vehicle market improves in 2019

ISTANBUL The EU commercial vehicles market rose 2.5% year-on-year in 2019, posting a growth for the seventh consecutive year, an industry group said on Thursday. The number of new commercial vehicle...

Energy Info Admin. forecasts fall in oil prices in 1H20

ANKARA Crude oil prices are forecast to decline during the first half of 2020 but later increase through 2021, the U.S.' Energy Information Administration (EIA) said in a statement on...

Oil prices up 3% with tensions in Middle East

ANKARA  Crude oil prices were up by around 3% during Friday's trading start as rising tensions in the Middle East threaten secure crude supply from the region. International benchmark Brent crude...

Oil prices start 2020 higher as market awaits OPEC cuts

ANKARA Crude oil prices opened with gains during the new year's trading on Thursday as the global oil market awaits the impact of additional production cuts by members of OPEC...

Turkish Airlines expanding fleet, opening 4 new routes in 2020

ANKARA Turkish Airlines will open four new routes in 2020 as it expands and updates its fleet, according to the chairman of Turkey's flag carrier. "We finished all procedures to launch...

Turkish Airlines, Boeing reach compensation deal

ANKARA  Turkish Airlines and U.S. aircraft maker Boeing have agreed on compensation for losses from grounded and undelivered aircraft, Turkey's flag carrier announced in a statement on Tuesday. "Boeing will cover...

Latest article

Turkey won't allow ‘Deal of Century’ to threaten peace: President

ISTANBUL Turkey will never allow the peace in the region to be disrupted by the U.S.’ so-called “Deal of Century” Mideast peace plan, said Turkey’s...

French fisheries banned from northern sea post Brexit

PARIS Brexit left a wake -- both literally and figuratively -- on European states, most particularly France where fisherman suffered a temporary ban in waters...

3 crucial weeks for Turkish Super Lig title contenders

ISTANBUL Ahead are three vitals weeks in Turkey’s top-tier football league as the title contenders will face each other in February. Top seven teams will face...

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