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Saturday, June 6, 2020

Diplomacy

National

Failure in Libya, Yemen costs UAE billions of dollars

ISTANBUL The failure of illegitimate forces in Libya and Yemen cost its supporter UAE billions of dollars, which provided weapons, ammunition and mercenaries to the...

Americas > US & Canada

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Economy

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    Turkey's exports hit $10B in May

    ANKARA  Turkey's exports hit $10 billion in May, down 40.9% from the same month last year amid the coronavirus pandemic, according to the preliminary Trade...

    Turkey’s exports total $9B in April

    ISTANBUL  Turkey's exports dropped by 41.4% year-on-year in April to reach $8.99 billion, the country's statistical authority announced on Friday. The country's imports also fell by...

    'Sovereign funds to take bigger role after pandemic'

    ANKARA Sovereign wealth funds will play a greater role in backing countries' private sectors during crises like the one caused by the novel coronavirus pandemic,...

    Turkish Central Bank lowers interest rates by 50bps

    ANKARA  The Turkish Central Bank on Thursday lowered its one-week repo rate by 50 base points, in line with market expectation. A statement from the bank's...

    Turk Eximbank secures $678M syndication loan amid virus

    ANKARA  Turk Eximbank has received a syndication loan worth $678 million amid coronavirus' economic fallout, said Turkey’s trade minister on Friday. "The syndicated loan is a...

    Turkish Treasury borrows $2.92B from domestic markets

    ISTANBUL The Turkish Treasury borrowed 20.45 billion Turkish liras ($2.92 billion) from domestic markets through auctions and lease certificate issuances on Tuesday. In the first auction,...

    Taiwan: Presidential election loser voted out as mayor

    ANKARA  Taiwan’s opposition Kuomintang (KMT) party suffered a significant blow on Saturday, as one of its top members was removed as the mayor of a...

    NBA superstar Durant opts out of this season

    ANKARA NBA franchise Brooklyn Nets will be without their US superstar, Kevin Durant this season in Florida as the player ruled himself out. "My season is...

    Daily COVID-19 cases double in US

    ANKARA  The U.S. reported 41,927 coronavirus cases on Saturday as the daily case-count doubled over the past day. The country's tally of cases neared 1.96 million,...

    International Al-Quds e-campaign launched online

    ANKARA Vows of solidarity and support for Palestinians fighting Israeli occupation were reiterated in an online conference held on Friday to launch the international Al-Quds...

    India, China hold talks to defuse border tensions

    NEW DELHI Top Chinese and Indian military officials held high-level talks on Saturday to resolve the latest border standoff between the two nuclear-armed neighbors. The talks...

    Sports

    Galatasaray to compete in Basketball Champions League

    ANKARA Galatasaray will compete in the Basketball Champions League starting from the 2020/21 season, The Lions confirmed Friday on their website. "In FIBA's meetings with our...

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