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Tuesday, August 9, 2022

Russia will not default on foreign debts: Finance minister

MOSCOW Russia on Wednesday declared that it would not default in the face of Western sanctions imposed after the outbreak of the war in Ukraine, asserting that it had enough...

Google's subsidiary in Russia files for bankruptcy

MOSCOW Google’s subsidiary in Russia has filed for bankruptcy, saying it cannot meet its financial obligations. An announcement on Russia's official registry Fedresurs on Wednesday said the company has started the...

Bitcoin steady at $30K, TerraUSD falls below $0.1

ANKARA The price of Bitcoin was steady at around $30,000 on Wednesday, but the stable coin TerraUSD known as UST fell below $0.1. Bitcoin, the world’s biggest crypto by market cap,...

Fed to push until inflation down to 2%: Chairman

ISTANBUL It is time to be focused on getting inflation down to 2%, Fed Chair Jerome Powell said Tuesday. "We are going to keep pushing until we see that," he said...

Elon Musk says Twitter deal cannot move forward until clarity on fake accounts

ANKARA Billionaire business magnate Elon Musk said Tuesday his $44 billion offer to purchase Twitter deal cannot move forward until there is clarity on fake accounts. The SpaceX founder tweeted that...

Bitcoin manages to climb above $30K as weak trade continues

ANKARA Bitcoin managed to climb above $30,000 on Tuesday, but weak trade continues as the cryptocurrency market struggles to recover the approximately $1 trillion lost in recent weeks. Bitcoin, the world’s...

Oil down as EU fails to agree on banning Russian oil exports

ANKARA  Oil prices fell on Tuesday on supply uncertainties as EU countries have so far failed to agree to ban Russian oil exports in the face of opposition from Hungary. International...

Turkiye's BIST 100 index up at Tuesday open

ANKARA Turkiye's benchmark stock index opened at 2,401.23 points on Tuesday, rising 10.44 points, or 0.44%, from the previous close. Borsa Istanbul's BIST 100 index was down 1.18% to end Monday...

McDonald's to sell Russian business for permanent exit

ISTANBUL American fast food giant McDonald’s on Monday said it has started selling its business in Russia after more than 30 years in the country. The announcement of a permanent exit...

Russian ruble's return to pre-war levels no sign of economy back on track

ANKARA  Russia has bailed out the ruble with the help of capital controls and higher interest rates, making it the world's top performing currency year to date. Yet, it remains...

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Turkish president, UN chief discuss ways to end crisis caused by Russia-Ukraine war

ANKARA The Turkish president and UN secretary-general on Monday spoke over phone and discussed initiatives aimed at resolving the ongoing crisis caused by the Russia-Ukraine...

Anadolu Agency's Morning Briefing – June 21, 2022

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Russia becomes China’s largest oil supplier

ANKARA Russia has surpassed Saudi Arabia to become China's largest oil supplier, as refiners bought up Russian crude oil offered at a huge discount...

EU, Egypt agree on partnership priorities until 2027

BRUSSELS The EU and Egypt have agreed on the partnership priorities guiding their relationship until 2027. The Association Council of the European Union and Egypt...

Syria's Tal Rifat surrounded with tunnels by YPG/PKK terrorists

TAL RIFAT, Syria / ANKARA The YPG/PKK terror group is using a sophisticated network of tunnels in the Tal Rifat district in northern Syria to...