Turkey

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

'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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

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.

Read Full Article

Italy, Turkey to service F-35 jet, engine in Europe: Pentagon

The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.

Read Full Article

Putin drops South Stream gas pipeline to EU, courts Turkey

Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline, with a promise of hefty discounts.

Read Full Article

Putin to push trade in Turkey despite disagreement on Syria

Russian President Vladimir Putin's visit to Turkey on Monday will have trade and energy issues at its heart, but is not expected to bridge deep differences over Syria and Crimea.

Read Full Article

Turkey lifts block on access to YouTube: official

Turkey's telecoms regulator removed an official order blocking access to YouTube (GOOGL.O) from its website on Tuesday after the country's top court ruled last week that the ban was a breach of human rights.

Read Full Article
1 2 3 4

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics