Venezuela’s central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out such operations in Switzerland, the country’s mining minister said on July 18.
SunExpress, a joint venture of Turkish Airlines and Lufthansa, has said its 2018/2019 winter schedule is available for booking for 60 destinations in 20 countries with a capacity increase of four percent compared to the winter season of last year.
The European Union’s top officials arrive in Japan on July 17 to sign the single market’s biggest trade deal ever and present a united front as Washington upends the international trade order.
The United States has launched challenges at the World Trade Organization (WTO) to hit back at the major trading partners, including Turkey, that have retaliated against President Donald Trump’s tariffs on metals and goods from China.
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world.
Spain’s BBVA is the international lender most exposed to Turkey, deriving a third of its pre-tax profits from a country where the currency is in free-fall and inflation is in the double-digits, ABN AMRO analysts said on July 16.
Turkey’s central government budget balance recorded a deficit of 25.6 billion Turkish Liras ($5.3 billion on July 16 parity) in June with a dramatic year-on-year increase due to rising public expenditure ahead of the elections, official data has shown.
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on July 16, and said it would seek international partners to help develop the project.
The European Union called on July 16 on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent “conflict and chaos.”
Turkey’s unemployment rate fell to 9.6 percent in April, dropping 0.9 percentage points year-on-year, the country’s statistical authority announced on July 16.
Turkish Airlines and its subsidiaries will create nearly 5,000 jobs as the national carrier is set to move its operations to Istanbul’s new airport, the company chief has announced.