The three largest creditors of Otaş, a company that was set up by Oger Telecom to acquire a 55 percent stake in Türk Telekom in 2005, have reached an agreement with the Turkish Transport Ministry to acquire a majority stake in the company as they cannot charge their loan receivables, sources have told daily Hürriyet, adding that the lenders and authorities were now working on the legal aspects of the deal.
The U.N. Security Council discussed the worsening humanitarian crisis in Syria late on Jan. 22.
Turkey and Iraq are in talks for a joint operation against the outlawed Kurdistan Workers’ Party (PKK) presence in the Sinjar province of Iraq, the Turkish foreign minister has said, as the Turkish army launched a massive new operation into the Afrin region of Syria to eradicate PKK-linked forces on its southern border.
Chief executives are more optimistic about the economic outlook than they have been for many years although anxieties are rising about geopolitics, cyber threats and terrorism, a survey showed on the eve of the World Economic Forum (WEF) in Davos.
French pharmaceutical firm Sanofi said yesterday it had reached an agreement to purchase U.S. biotech company Bioverativ, which specializes in treatments for hemophilia and rare blood disorders, for $11.6 billion (9.5 billion euros).
Facebook yesterday said it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant’s drive to show its contribution to the bloc.
For Iranian parachuting enthusiast Bahareh Sassani, skydiving is “a way to prove that women are just as capable as men” -- a small step from a big height for women’s equality in her country.
A Japanese soldier was killed on Jan. 23 after a volcano erupted near a popular Japanese ski resort, sparking an avalanche that left several injured and scores stranded up a mountain, officials said.
A South Korean delegation crossed into the North on Jan. 23 to inspect venues for joint Olympic-linked events, even as Pyongyang demanded Seoul apologize for “despicable” protesters who burned Kim Jong-Un’s image, as controversy mounts over the rapprochement.