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Monday, June 21, 2021

Turkey's exports to Libya jumped 58% in January-April

ISTANBUL Turkey's exports to Libya rose 58% year-on-year in the first four months of 2021 to $826 million, said a top Turkish trade group on Saturday. While Turkey's overall exports were...

WhatsApp seeks to reassure users over new policies

ANKARA WhatsApp will not delete accounts and still cannot see users’ personal messages, the popular messaging app pledged Saturday, the day when controversial updates to its privacy policy took effect...

Amazon’s $300M EU fine canceled

BRUSSELS The European Court of Justice annulled on Wednesday the European Commission’s decision on ordering the e-commerce company Amazon to pay back €250 million ($303 million) plus interest to Luxembourg. The...

US: Turkish bank seeks Iran sanctions case dismissal

ANKARA Turkey's Halkbank on Monday urged a US appeals court to dismiss a case over alleged violations of sanctions on Iran. Arguing before the US Court of Appeals for the Second...

US: S&P 500 closes near record, Dow and Nasdaq fall

ANKARA The S&P 500 closed near a fresh record high level on Monday, while other major indexes ended the day with losses in the US stock market.  The S&P 500 was...

Egypt won’t release Ever Given until compensation paid

ISTANBUL The head of Egypt’s Suez Canal Authority (SCA) said the Ever Given container ship, which ran aground in the waterway for almost a week, will not be allowed to...

Turkey's Borsa Istanbul down at midweek close

ANKARA  Turkey's benchmark stock index closed Wednesday at 1,417.89 points, down 0.19%. Starting the day at 1,420.94 points, Borsa Istanbul's BIST 100 index fell 2.71 points from Tuesday's close at 1,420.59...

Turkey's e-commerce volume jumps 66% in 2020

ANKARA The volume of e-commerce in Turkey jumped 66% year-on-year to 226.2 billion Turkish liras ($32 billion) in 2020, the country's trade minister announced Tuesday. "E-commerce spending to gross domestic product...

Turkey fines 10 foreign firms for illegal short selling

ISTANBUL Turkey's capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short selling transactions. According to a Capital Markets Board (SPK)...

OPEC+ agrees to gradually ease output from May to July

ANKARA The world's major oil producers on Thursday agreed on the much-expected production policy by approving an incremental increase of up 350,000 barrels per day (bpd) in May and June...

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'Emerging markets won't suffer from current account deficits post-COVID'

ANKARA Imports have already surpassed pre-crisis levels in all major emerging markets but most trade deficits have not expanded due to booming exports, according to...

Thousands protest in Madrid against pardoning jailed Catalan leaders

OVIEDO, Spain Around 25,000 people poured into the streets of Madrid on Sunday to protest the Spanish government’s impending move to pardon several jailed Catalan...

Accused terrorist nabbed while trying to enter Turkey

ANKARA  A terrorist wanted with a red notice was among a dozen people arrested while trying to enter Turkey, said the National Defense Ministry on...

Mortar kills 5 civilians in Afghanistan

KABUL, Afghanistan A mortar shell fired by Taliban hit a residence in Afghanistan’s Lagman province killed five civilians, according to Afghan Army.The 201st Selab Corps...

UAE, Rwanda ban flights from Uganda due to rise in COVID-19 cases

KAMPALA, Uganda The United Arab Emirates (UAE) and Rwanda have banned with immediate effect all flights from Uganda due to reports of rising COVID-19 cases...