More than 200 institutional investors with $26 trillion in assets under management said on Dec. 12 they would step up pressure on the world’s biggest corporate greenhouse gas emitters to combat climate change.
Mitsubishi Electric Corporation has announced that a new factory of its Turkish air conditioning unit, Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company, will go online as of Dec. 12.
The weakness of Turkey’s currency is “in no way” a true reflection of the current status of the economy, President Recep Tayyip Erdoğan has said, hailing the country’s high growth trend.
The finance ministers of the European Union's five biggest economies wrote to their American counterpart on Dec. 11 to voice concerns over a US tax overhaul, saying Washington should adhere to "international obligations to which it has signed up".
The purchase of the S-400 missile defense system from Russia will be finalized “this week,” President Recep Tayyip Erdoğan said on Dec. 11.
French state-controlled utility EDF said on Dec. 11 it plans to accelerate its roll-out of solar energy in France to help the government’s fight against climate change.
China’s Central Bank will be more active in deploying macroeconomic controls and fending off financial risks, its governor, Zhou Xiaochuan, said on Dec. 11.
Britain’s government said on Dec. 11 it will create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year.
Turkey ran a current account deficit of $3.8 billion in October, indicating an increase of almost $2.2 billion year-on-year, the Central Bank stated on Dec. 11.