Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.
SunExpress, a joint venture of Germany’s Lufthansa and Turkish Airlines, was granted the “European Debt Deal of the Year Award 2017” at the Aviation 100 Awards, organized by Airline Economics.
Turkey’s natural gas distribution company Enerya is expanding to 18 towns across eight provinces of Turkey, thanks to support from the European Bank for Reconstruction and Development (EBRD) and Garanti Bank.
Saudi Arabia has decided to hike energy prices while paying compensation to Saudi families, as the world’s top oil exporter seeks new revenue sources.
The World Bank Group and the Global Covenant of Mayors for Climate and Energy have announced a $4.5 billion-fund for 150 cities around the world to fight the effects of climate change.
European tourism group TUI is putting contingency plans in place for Britain’s exit from the European Union, it said on Dec. 13, aiming to address potential problem areas such as flying rights, visa requirements and changes in demand.
Facebook, in a bow to transparency, has announced plans to declare certain ad revenues in the country where they are made and not in Ireland, where it has a greater tax advantage.
Passengers will be able to use a single card for intra-city transport across Turkey, Transportation, Maritime and Communications Minister Ahmet Arslan said on Dec. 13, as he commented on planned transportation projects.
Deputy Prime Minister Mehmet Şimşek warned investors on Dec. 13 against betting on cryptocurrencies such as Bitcoin, comparing the current Bitcoin frenzy to “tulip mania” of the 17th century.
Turkey will host a joint annual meeting of the United Nations’ culture and tourism agencies in 2018, Turkish Culture and Tourism Minister Numan Kurtulmuş has said.