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Saturday, September 18, 2021

Global debt hits over $250T in H1: US-based trade group

ISTANBUL The global debt jumped by $7.5 trillion to reach $250.09 trillion year-on-year in the first half of 2019, said a global trade group of financial institutions. Households, non-financial corporates, governments,...

Turkey’s aviation giant to join Asian defense expo

ANKARA Turkish Aerospace Industries (TAI) will participate in Defense and Security Exhibition in Bangkok between Nov. 18-21.  The company aims to strengthen current business cooperation and to develop new business opportunities...

In era of change, Frankfurt poised to claim global finance crown

FRANKFURT With the dragged-out Brexit process eroding London’s position more each day, Germany’s claim to be the financial capital of Europe is rising, and especially perhaps its central city of...

Turkish Airlines serves 63M+ passengers in Jan-Oct

ISTANBUL Turkey’s national flag carrier Turkish Airlines served 63.1 million passengers in the January-October period this year, the company announced Tuesday. The carrier's seat occupancy rate -- passenger load factor --...

Alibaba’s Singles’ Day sales top $38.4 billion

ANKARA Alibaba Group on Tuesday announced its platforms sold goods worth $38.4 billion on China’s Singles’ Day, Nov. 11, an increase of 26% compared to 2018. “Today, we showed the world...

Uber CEO regrets calling Khashoggi death 'mistake'

WASHINGTON Uber CEO Dara Khosrowshahi backpedaled Sunday after calling the murder of Saudi journalist Jamal Khashoggi a "mistake" by the Saudi government, according to the Axios news website. Khosrowshahi made the...

Turkey's automotive exports reach $25.4B in 10 months

ISTANBUL  Turkey's automotive industry exports reached $25.4 billion in the first 10 months of this year, according to an exporters association. The country's exports were around $2.5 billion per month on...

McDonald’s CEO replaced for relationship with employee

WASHINGTON Steve Easterbrook has been ousted as McDonald's CEO and president after the board determined he "violated company policy and demonstrated poor judgment involving a recent consensual relationship with an...

Saudi regulator approves Aramco's request to list

RIYADH Saudi Arabia's Capital Market Authority (CMA) on Sunday approved Aramco's request for initial public offering (IPO). In a statement, CMA said the company's prospectus will be published prior to the...

Turkey seeks more Qatari investments: Vice president

ANKARA Turkey hopes to increase the number of Qatari businesspeople in Turkey, especially in the tourism, food, health and industry sectors, the country's vice president said on Friday. Turkey is ready...

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Rwandan foreign minister’s visit to Turkey to further boost relations: Diplomat

JOHANNESBURGThe visit of Rwanda’s foreign affairs minister to Turkey will likely pave the way for further enhancing the already fruitful cooperation between the two...

Turkey suffer heavy defeat in Netherlands

ANKARAThe Netherlands tore apart Turkey 6-1 in a 2022 FIFA World Cup qualifying match Tuesday, moving to the top of Group G. The home team...

Bulgaria to head to polls 3rd time this year as efforts to form government...

SOFIA, Bulgaria Bulgaria will head to its third national election this year after the Bulgarian Socialist Party (BSP) failed to form a government following...

Saudi king sacks director of public security, refers him for investigation

RIYADH Saudi King Salman bin Abdulaziz on Tuesday dismissed the country's director of public security and referred him for investigation, the official Saudi Press Agency...

Biden requests $6.4B from Congress to fund Afghan resettlement

WASHINGTON US President Joe Biden has asked Congress to appropriate some $6.4 billion to aid ongoing efforts to resettle at-risk Afghans following America's pullout from...