Sales and bookings in shops and hotels in one of Barcelona’s most popular neighbourhoods dipped by up to 30 percent last month amid the region’s independence crisis, an industry representative said on Nov. 16.
An official competition investigation committee has demanded that seven out of 13 global banks probed in Turkey for violating competition rules be fined up to 4 percent of their sales revenue, on the grounds that their actions “amounted to the acts as a cartel.”
Turkish Development Minister Lütfi Elvan met Singaporean Trade and Industry Minister S. Iswaran on Nov. 15, and agreed to boost economic ties between the two countries further, according to a Turkish ministry source.
Japan reports its economy expanded at a 1.4 percent annualized rate in July-September, slowing from the previous quarter.
Turkey ran a budget deficit of 35 billion Turkish Liras ($9 billion) in the first 10 months of this year and a budget deficit of 3.3 billion liras (around $848.8 million) in October, the Finance Ministry revealed on Nov. 15.
More than nine million foreign tourists visited Istanbul in the first 10 months of the current year, according to the Culture and Tourism and Ministry.
Defense giant Aselsan, 85 percent of which is owned by the Turkish Armed Forces Foundation, became the most valuable company listed on the Istanbul main stock exchange (BIST) on Nov. 14, surpassing Garanti Bank and Koç Holding early.
Turk Eximbank has gained resident member status in the Asian Exim Banks Forum (AEBF), a regional group of export-import institutions, the bank announced on Nov. 15.
Turkey and Japan will sign a cooperation agreement on 5G technology during a forum in South Korea next week, the head of Turkey’s Information and Communication Technologies Authority (BTK) said on Nov. 14.
Airbus announced on Nov. 15 that it will sell 430 airplanes to U.S. firm Indigo Partners for $49.5 billion in the European firm’s biggest deal ever.
Turkey’s unemployment rate edged down to 10.6 percent in the July-September period, from 10.7 percent a month earlier and compared with 11.3 percent a year earlier, data from the Turkish Statistical Institute (TÜİK) showed on Nov. 15.