Turkey

Turkey Implements Import Restrictions on Israel Amidst Backlash on Gaza Conflict

Turkey Implements Export Restrictions on Israel Amidst Backlash on Gaza Conflict

Turkey announced that it has decided to suspend the export of certain products to Israel in light of the current invasion of Gaza.

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Fire at Turkey's Istanbul Nightclub Kills 29 People, Leaves Several Others Badly Hurt

Fire at Turkey's Istanbul Nightclub Kills 29 People, Leaves Several Others Badly Hurt

At least 29 persons were dead after a fire broke out at a nightclub in Istanbul, Turkey, on Tuesday.

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Turkish Oil Terminal Abandons Russian Oil Imports Amid Broadening US Sanctions

Turkish Oil Terminal Abandons Russian Oil Imports Amid Broadening US Sanctions

The Dortyol oil terminal on Turkey's Mediterranean coast has stopped accepting Russian imports amid pressure from US sanctions.

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Turkey Prices Drop, Making Thanksgiving Dinner Cheaper This Year, Says American Farm Bureau Federation

Turkey Prices Drop, Making Thanksgiving Dinner Cheaper This Year, Says American Farm Bureau Federation

The traditional Thanksgiving gathering is poised to become more accessible to households nationwide as the American Farm Bureau Federation reported a downward trajectory in turkey prices.

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Syrian Refugees in Turkey Contributed to the Country's Economic Growth According to Government Officials

Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.

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Afghanistan is Still The World's Largest Opium and Heroin Producer

Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.

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ISIS selling oil to Syria

ISIS (Islamic State in Iraq and Syria) has begun selling Iraqi crude oil to Syria, against which the Islamic militant group has been fighting to take over the country.

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You too can drop everything and travel the world for $40,000

Mark and Britnee Johnston spent a whole year's vacation leave days or two weeks on a trip to Vietnam. It was their first long trip as a couple and as they toured the small Asian country and talked to other travellers, two weeks of travel suddenly didn't seem enough. Mark said that they felt unsatisfied thinking that they have to wait another year to have another vacation again.

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Yemeksepeti CEO in Turkey gives out $27M to employees after sale

Nevsat Aydin, the co-founder and CEO of Yemeksepeti, an online delivery website in Turkey, shared $27M of revenue to its 114 employees after Delivery Hero acquired the company in May.

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HSBC to cut 50,000 jobs in quest for higher dividends

HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire.

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Rise of Turkish Islamic banks chimes with Erdogan's ideals

Selling fruit from a cart in a working-class neighborhood of Istanbul hasn't made Mehmet rich, but he's adamant his modest savings won't ever see the inside of a bank.

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'Made in China' nuclear reactors a tough sell in global market

As China signs global deals to export its nuclear power technology, it faces a huge obstacle: it still needs to show it can build and safely operate these reactors at home.

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Citigroup sells stake in Turkey's Akbank for $1.2 billion

Citigroup (C.N) has sold its nearly 10 percent stake in Turkey's Akbank (AKBNK.IS) for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.

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G20 plan for investment targets runs into stiff opposition

Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.

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BC Partners to sell half of its stake in Migros to Turkey's Anadolu

Private equity firm BC Partners [BCPRT.UL] said on Wednesday it will sell a 40.25 percent stake in its supermarket chain Migros (MGROS.IS) to Turkish conglomerate Anadolu Endustri Holding AS.

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