The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed.
Everyone seems to agree that the time has come to expand the customs union between Turkey and the European Union. A quarter of a century has gone by since it was launched at the start of 1996. At the time it was considered as a step forward to the full political and economic integration of Turkey into the EU.
The world’s international tourism business grew unexpectedly by 6 percent in 2018, totaling 1.4 million tourists, up from 1.34 million earlier. Surprise growth in international tourism doubled the global economic growth rate of 3.7 percent.
The Turkic Council countries established a Chamber of Commerce and Industry on May 17.
The Trans Adriatic Pipeline, the last section of the $400-billion, 3,500-kilometer-long Southern Gas Corridor, is now over 87 percent complete on the third anniversary of its construction start, a statement from the TAP AG company said on May 17.
In Turkey, some 6,693 companies were established in April, the top trade union of the country reported on May 17.
European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency.
Turkey's outstanding short-term foreign loans in the private sector decreased in March, the country's Central Bank said on May 16.
Turkey's calendar-adjusted retail sales volume with constant prices fell by 3.8% year-on-year in March this year, the country's statistical authority reported on May 15.
Turkey's unemployment rate stood at 14.7% in February this year, the country's statistical authority announced on May 15.
China has a glorious history of being open to the world and it will only be more open, President Xi Jinping said on May 15, in his first public address since trade tension with the United States spiked last week.