Turkey will start implementing retaliatory tariffs worth $266.5 million against the United States on June 21 over “ill-advised” and “unsupportable” additional steel tariffs enacted by Washington, Economy Minister Nihat Zeybekci has said.
Turkish textile manufacturers have been in efforts to improve Turkey’s deteriorating image in Europe, the top market for the sector, a leading association president has announced.
SunExpress, the joint venture of Turkish Airlines and Lufthansa, has said it made its first direct flight from Frankfurt to the southeastern province of Diyarbakır on June 19.
After having seen a decreasing demand from many Western and northern European markets, Turkey is back in fashion in summer season and has become the third most popular destination after Spain and Greece, Anglo-German travel and tourism company TUI has stated.
The European Union will begin charging import duties of 25 percent on a range of U.S. products on June 22, in response to U.S. tariffs imposed on EU steel and aluminum early this month, the European Commission said on June 20.
Turkish President Recep Tayyip Erdoğan has said interest rates had to come down to bring investment into the country, two weeks after the Central Bank raised interest rates for a second time in two weeks.
The leaders of Germany and France agreed on June 19 to create a budget for the eurozone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc.
Slumping U.S. industrial giant General Electric will be booted from the prestigious Dow Jones stock index next week, S&P Dow Jones Indices announced on June 19.
Bozankaya, a leading public transport vehicle builder in Turkey, is set to make the country’s first-ever metro car export, as part of a consortium with Siemens Mobility, the company said on June 19.
Iraq’s only Kurdish airline launched on June 18 with a flight to Sweden, after years of delays owing to the Islamic State of Iraq and the Levant (ISIL) offensive in the country.