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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s Central Bank expects economic growth to remain robust in the third quarter following a 5.1 percent growth rate in the second quarter.
ROME - Agence France-Presse
Silvio Berlusconi’s grip on power fails, as the scandal-hit politician resigns. Italy will probably be led by a new, technocratic government under the premiership of Mario Monti. Thus, the second eurozone member country to be led by a technocrat after Greece, now under unelected Lucas Papademos.
ISTANBUL- Hürriyet Daily News
US authorities have asked Turkey to be more tolerant with its legislation on GMO, a Turkish daily reports. Meanwhile, the Turkish Agriculture Minister denies the claims.
ISTANBUL - Hürriyet Daily News
The Central Bank’s revised forecasts on the current account gap and inflation reflect the weak sides of the Turkish economy. A possible recession in Europe, Turkey’s top trade partner, may turn these problems to big woes.
Unqualified state land will be subject to sale after new related legislation is approved by the Turkish parliament, generating revenues of 26 billion Turkish Liras.
ROME - The Associated Press
As Europe increases its presure on Greece and Italy to put an end to political uncertainities, Rome approves a tough austerity plan. In Athens, meanwhile, a new cabinet under Papademos officialy comes to power.
BEIJING - Agence France-Presse
The value of China’s exports and imports fell in October from the previous month, official data showed yesterday, as domestic tightening measures and turbulence in Europe and the United States hit demand.
Italian Prime Minister Silvio Berlusconi’s future hung by a thread yesterday after he failed to garner an absolute majority in parliament while borrowing rates hit a record high.
Italian Prime Minister Silvio Berlusconi quit power yesterday to cheering from a crowd of thousands in Rome after a wave of market panic that shook the eurozone and brought his long rule to an end.
CANNES, France - Agence France-Presse
In a humiliating development, Italy, a prominent member of the Group of Seven, has accepted ‘strict monitoring’ from the International Monetary Fund in its efforts to reduce the budget deficit and trim debt. However, government sources say Italy will only ‘seek advice’
NAHA - Reuters
Beijing on Friday hit out at a U.S. intelligence agency report accusing the Chinese of cyber-spying, saying it was unprofessional and irresponsible.