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52 dead in Mexican prison riot

Friday, February 12, 2016 Finance
By Nancy CaouetteMEXICO CITYAt least 52 people have been killed in a prison riot in Mexico, authorities said Thursday. Another 12 victims were injured and five more are in critical condition, according to Gov. Jaime Rodriguez of the northeastern state of Nuevo Leon where the riot occurred. It’s unclear if all of the…

Iran's arbitration will lower gas prices for Turkey

Friday, February 12, 2016 Finance
By Murat TemizerANKARAThe International Court of Arbitration's decision against Tehran in the gas dispute with Ankara will benefit the Turkish public, as its outcome is anticipated to reduce gas prices in the country, international arbitration lawyers said on Monday.According to Eric Chang, principal at Chang Law, an…

Israeli lawmaker: No Palestine since Arabic lacks letter 'P'

Friday, February 12, 2016 Finance
By Kaamil AhmedJERUSALEMAn Israeli lawmaker from Prime Minister Benjamin Netanyahu's ruling party raised eyebrows in the Knesset on Wednesday when she questioned the legitimacy of the Palestinian identity because there is no 'P' sound in Arabic.Israeli newspaper Haaretz reported that the Likud party's Anat Berko…

Potential YPG, Syrian opposition clash concerns US

Friday, February 12, 2016 Finance
By Esra Kaymak Avci WASHINGTON The U.S. has expressed concerns to the YPG, the armed wing of the Democratic Union Party (PYD), of the group possibly coming into conflict with U.S. backed opposition forces in Syria, a spokesman said Thursday.The U.S. wants the YPG to focus on its fight against Daesh and "not involve…

Kenya hosts first international summit on ivory trade

Friday, February 12, 2016 Finance
By Andrew RossConservationists and wildlife experts gathered in Kenya’s capital Thursday for the first international conference on the illegal trade in ivory."Poaching and the illegal trade of ivory is escalating to unmanageable levels," Bonaventure Ebayi, director of the Lusaka Agreement Task Force (LATF), said. "The…

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February 12, 2016

52 dead in Mexican prison riot

By Nancy CaouetteMEXICO CITYAt least 52 people have been killed in a prison riot in Mexico, authorities said Thursday. Another 12 victims were injured and five…
February 12, 2016

Iran's arbitration will lower gas prices for Turkey

By Murat TemizerANKARAThe International Court of Arbitration's decision against Tehran in the gas dispute with Ankara will benefit the Turkish public, as its…
February 12, 2016

Israeli lawmaker: No Palestine since Arabic lacks letter 'P'

By Kaamil AhmedJERUSALEMAn Israeli lawmaker from Prime Minister Benjamin Netanyahu's ruling party raised eyebrows in the Knesset on Wednesday when she…
February 12, 2016

Potential YPG, Syrian opposition clash concerns US

By Esra Kaymak Avci WASHINGTON The U.S. has expressed concerns to the YPG, the armed wing of the Democratic Union Party (PYD), of the group possibly coming…
February 12, 2016

Kenya hosts first international summit on ivory trade

By Andrew RossConservationists and wildlife experts gathered in Kenya’s capital Thursday for the first international conference on the illegal trade in…

British boy appears in second Daesh video

February 11, 2016 in Finance
A four-year-old British boy whose mother took him to Syria has appeared in a second Daesh video, U.K. media reported Thursday.Isa Dare, who was born in London,…

Commitment to Turkey can't be questioned: US

February 11, 2016 in Finance
By Esra Kaymak Avci WASHINGTONAmerica’s commitment to its alliance with Turkey should not be questioned, a US spokesman said Wednesday, amid a dispute between…

Turkey's current account deficit narrows by $13.6bn

February 11, 2016 in Finance
Turkey's current account deficit narrowed by $13.6 billion last year amid low energy prices, the country’s central bank said Thursday.The fall is a…

Increasingly dire situation in Aleppo

February 11, 2016 in Finance
By Kasim Ileri WASHINGTON The U.S. is concerned about reduced humanitarian access to Aleppo where Russia continues to strike in support of the Syrian…

Twitter reveals poor earnings report

February 11, 2016 in Finance
By Barry EitelSAN FRANCISCOThe number of Twitter users has shrunk slightly, the company revealed Wednesday in the release of its fourth quarter earnings report…

US anti-Daesh chief hails Turkey’s border efforts

February 11, 2016 in Finance
By Michael Hernandez WASHINGTON Turkey has made strides in securing its border with Syria, President Barack Obama’s envoy to the anti-Daesh coalition said…

Turkish Airlines' success becomes case study at Harvard

February 11, 2016 in Finance
By Ovunc KutluNEW YORK Europe's leading carrier Turkish Airlines' success has become a case study at one of the world's most prestigious collegial institutions…

US markets dip as energy, oil prices fall

February 11, 2016 in Finance
It was another down day for American stocks Tuesday spurred by a continuing decline in oil prices. The Dow Jones industrial average ended the day at 16,009.45…

Obama proposes $4T US budget

February 11, 2016 in Finance
President Barack Obama sent his annual budget proposal to Congress on Tuesday, with $4.1 trillion in spending during the 2017 fiscal year. While Obama's eight…

Outgoing French foreign minister lashes out over Syria

February 11, 2016 in Finance
PARIS France’s departing Foreign Minister Laurent Fabius has accused Russia and Iran of “complicity” with a “brutal” Syrian regime and questioned the…

Indonesian military plane crashes into house killing 4

February 11, 2016 in Finance
By Ainur RohmahMALANG, IndonesiaFour people died when a military plane crashed into a house Wednesday in Indonesia's East Java province -- the latest in a…

UK slams Russia for strikes on Syrian opposition

February 10, 2016 in Finance
LONDON Britain has accused Russia of conducting a “scorched earth policy” against Syrian opposition forces and civilians during last week’s attempted peace…

Army rescues 324 captives of Boko Haram in NE Nigeria

February 10, 2016 in Finance
By Rafiu AjakayeLAGOS, NigeriaAt least 234 captives -- mostly children and women -- were rescued from various Boko Haram camps in the northeastern state of…

Russian airstrikes kill 15 in Syria’s Aleppo

February 10, 2016 in Finance
ALEPPO, SyriaFifteen civilians were killed and another 22 injured on Tuesday evening when Russian warplanes struck two villages in an opposition-held district…

Elderly Muslim beaten in racist murder, UK court hears

February 10, 2016 in Finance
LONDONAn elderly British Muslim was beaten to death in a northern English town as he made his way to early morning prayers last summer, according to local…

Euro zone sets emergency summit on Greece as money flees

Euro zone sets emergency summit on Greece as money fleesEuro zone leaders will hold an emergency summit on June 22 to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.

Finance ministers of the 19-nation currency bloc failed to make any breakthrough on a cash-for-reforms agreement at talks in Luxembourg on June 18, just 12... Add a comment

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Greece, Russia sign memorandum on gas pipe to Greece

Greece, Russia sign memorandum on gas pipe to GreeceRussia and Greece on June 19 signed a preliminary agreement to set up a joint venture to build a pipeline through Greece, Moscow said.

“This is the start of a large investment project in Greece that is beneficial to the country’s economy,” Russian energy minister Alexander Novak said at the signing ceremony on the sidelines of the Saint Petersburg International Economic Forum, quoted... Add a comment

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Nearly 1M people became millionaires in 2014

Nearly 1M people became millionaires in 2014The number of people worth $1 million or more rose by 920,000 last year, hitting a record 14.6 million. It was the sixth straight year-on-year increase as rising stock prices lifted the value of personal wealth in a few key countries, according to a report from consultant Capgemini and RBC Wealth Management.

The wealth held by millionaires globally also rose to a record $56 trillion... Add a comment

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Saudi Tadawul's inclusion in MSCI won't affect Turkey

Saudi Tadawul's inclusion in MSCI won't affect TurkeyExperts agree that the entry of Saudi stock market Tadawul to MSCI EM index would have little effect on Turkish stocks.

The Turkish stock market will not be hurt if Saudi Arabia's stock exchange is included in Morgan Stanley Capital International's (MSCI) Emerging Market (EM) index, experts said Thursday.

MSCI is a stock market index used by many funds and investment vehicles... Add a comment

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Russian bank to lend $570 million for new Turkish airport

Russian bank to lend $570 million for new Turkish airportSberbank agrees to lend funds for Istanbul's new international airport.

The Turkish company building Istanbul's new international airport said on Thursday that it had signed a Memorandum of intention with Russia's largest bank Sberbank for its financing.

A fund of 500 million euros ($570 million) will be available to construction company IGA Havalimani Isletmesi A.S., via Turkey’s... Add a comment

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Greek default would hurt emerging markets, analysts say

Greek default would hurt emerging markets, analysts sayFailure to reach a bailout agreement for Greece on Thursday could create headwinds for developing economies, experts say.

Should Greece default, emerging market economies are expected to face severe headwinds, experts told Anadolu Agency on Thursday.

The Greek government and the Eurogroup meet on Thursday in what is expected to be a last chance to avoid Athens’ default on its loan... Add a comment

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Turkey spends $2 billion on R&D in 2014

Turkey spends $2 billion on R&D in 2014Total R&D spend, including private sector, increased 13.4 percent to 14.8 billion Turkish liras in 2013 year on year.

The Turkish government spent slightly less on research and development last year compared with the previous year, according to a report from the Turkish Statistical Institute on Thursday.

Allocation to R&D fell 3.73 percent to $2 billion, the report said.

The amount was... Add a comment

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Turkey debuts pommegranate-themed pavilion in Expo Milano

Expo MilanoProject represents 'diversity within unity' and fertility as response to world's future needs for safe and sufficient nutrition.

Turkey is promoting a pavilion that marries traditional values with modern design elements as the country’s showcase in Expo Milano 2015, where participators seek environmentally respectful answers to the question of how to guarantee healthy food for everyone in... Add a comment

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Room rental service Airbnb valued at $24 billion

Room rental service Airbnb valued at $24 billionNew round of funding shows tech company worth more than Marriott, Expedia.

Home-rental platform Airbnb is raising $1 billion in funding off an exorbitant valuation of $24 billion, according to investors speaking to The Wall Street Journal in a report published Wednesday.

This valuation would hurtle the San Francisco-based service to the top of the hospitality industry. The hotel chain... Add a comment

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US: Fed holds rates, hints at end-of-year hike

US: Fed holds rates, hints at end-of-year hikeFed says it will assess progress toward maximum employment and 2 percent inflation.

The U.S. Federal Reserve said in a statement on Wednesday that it would not raise interest rates at this time.

"The current 0 to 1/4 percent target range for the federal funds rate remains appropriate," the central bank said.

"In determining how long to maintain this target range, the Committee will assess... Add a comment

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