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...
Turkish stocks down 0.87% at Friday's opening
ANKARA
Turkey's benchmark stock index started the day at 108,201.50 points on Friday, down by 0.87% or 953.91 points from previous close.
At Thursday’s close, Borsa Istanbul’s BIST 100 index was...
Turkey's economic stability package acts like shield against pandemic
ISTANBUL
Turkey recently introduced an economic stability package to shield individuals and firms against the economic impact of the novel coronavirus pandemic.
The country announced it would support salary payments, postpone...
Global hotel occupancy rates hit rock bottom amid virus
ISTANBUL
Hotel occupancy rates have hit rock bottom globally due to travel restrictions in the wake of coronavirus.
Tourist hotspots across Europe, especially Italy, faced a tremendous blow in March.
The biggest...
Amazon to hire 75,000 new employees amid virus pandemic
ANKARA
E-commerce giant Amazon announced on Monday that it would hire 75,000 new employees during the current "unprecedented" novel coronavirus pandemic.
The move aims to help meet customer demand and assist...
Oil prices down with record new COVID-19 cases in US
ANKARA
Crude oil prices were down on Friday with new novel coronavirus (COVID-19) cases in the US breaking a single-day record while weakening the oil demand outlook in the country.
International...
Goldman Sachs expects full oil demand recovery in 2022
ANKARA
Global oil demand is expected to return to pre-coronavirus levels in 2022 with a pickup in transportation and recovery in major economies, Goldman Sachs said in a report on...
'IMF giving $18B to help 50 nations bear virus impact'
ANKARA
The International Monetary Fund (IMF) has approved a total of $18 billion so far to help dozens of countries bear the impact of the coronavirus pandemic, a spokesperson said...
Turkish stocks flat at Monday's close
ANKARA
Turkey's benchmark stock index closed the day at 96,398.63 points on Monday, down 0.08% from the previous close.
Borsa Istanbul's BIST 100 index started the week at 95,463.15 points. As...
Turkish football clubs face revenue loss from COVID-19
ISTANBUL
Turkish Super Lig football clubs face a 30% loss in revenue from television broadcasting deals this season due to the novel coronavirus pandemic, Turkey's Football Clubs Association said Monday.
The...
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S. Africa to probe COVID-19 unemployment funds fraud
By Hassan Isilow
JOHANNESBURG
South Africa’s will begin an investigation into claims that employers have been claiming funds from the Unemployment Insurance Fund (UIF) and not...
Turkey decries Egypt’s condemnation of anti-terror ops
‘Such irresponsible statements are attempts to serve agenda of bloody PKK terror group,’ says Turkish FM spokesman
Senegal bans EU nationals after being blacklisted
Action comes after Dakar not included on EU’s list of states deemed ‘safe’ for coronavirus
Father of MMA champion Nurmagomedov dies from COVID-19
ANKARA
The father and coach of Mixed Martial Arts (MMA) champion Khabib Nurmagomedov died Friday from the coronavirus.
Manager Ali Abdelaziz confirmed Abdulmanap Nurmagomedov, 57, died...
Football: Atletico Madrid ease past Mallorca
ANKARA
Atletico Madrid blanked Real Mallorca at home Friday in a Spanish La Liga match.
The home team led 2-0 at the half at Wanda Metropolitano...