U.S. President Donald Trump on Sept. 17 defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion in imports and threatening to target even more if Beijing retaliates.
Turkish companies will no longer be required to count foreign-currency losses when assessing whether to file for bankruptcy, according to a legal change introduced at the weekend, a move that could dent productivity by propping up unhealthy companies.
Trade and investment ministers from G20 countries meeting in Argentina said there was an "urgent need" to improve the World Trade Organization,
Nearly 3.4 billion square meters of agricultural land owned by the Turkish Treasury will be offered to farmers to rent for half of their actual price for up to a 10-year period, according to two Turkish ministers.
French banking giant BNP Paribas has no intention of pulling out of Turkey, the chair of the bank said on Sept. 14.
Industry and Technology Minister Mustafa Varank attended a rocket competition on Sept. 13, held by Turkey’s leading defense contractor Roketsan as part of Teknofest in Turkey.
The Chinese economy revealed fresh signs of softness on Sept. 14 with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilized.
Turkey’s central bank said on Sept. 14 the country’s current account deficit in July narrowed to $1.751 billion.
Turkey’s central bank raised its benchmark rate by 625 basis points on Sept. 13 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy.
A tender for the shuttle bus transfer service from and to the new Istanbul airport has been canceled by the Istanbul Metropolitan Municipality on the ground that “no public interest emerges from the contract.”
Turkey’s national flag carrier Turkish Airlines will establish a joint venture company in Albania, the airline said on Sept. 12.