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Ankara ‘closer
11 May 2013 11:12

Ankara ‘closer' to joint energy projects with Israel, Greek Cyprus

Amid growing speculation over scenarios that include the participation of Turkey as a transfer hub for the recently discovered natural gas resources in the east Mediterranean, top Turkish officials signaled on Thursday that Ankara is warming to “extensive cooperation” with Israel and Greek Cyprus....

 
Turkish oil imports from Iran hit 8-month high in April
4 May 2013 11:15

Turkish oil imports from Iran hit 8-month high in April

Turkey has raised its April crude oil imports from Iran to average 140,000 barrels per day (bpd), hitting an eight-month high, shipping data shows.Turkey has been importing an average of 100,000 bpd between September 2012 and February 2013, and in March increased purchases of Iranian oil to 114,000 ...

 
Portugal to lay off 30,000 public sector workers
4 May 2013 11:13

Portugal to lay off 30,000 public sector workers

Portuguese Prime Minister Pedro Passos Coelho has announced that the government plans to slash 30,000 public sector jobs as part of a sweeping package of spending cuts being implemented to mollify international creditors.In a speech to the nation late on Friday, Coelho unveiled the contents of the center-...

 
Saudi minister: US to remain energy dependent
1 May 2013 08:14

Saudi minister: US to remain energy dependent

Saudi oil minister Ali al-Naimi has called the US push for energy independence "naive," saying the country will continue to need Middle Eastern oil long into the future.Naimi said on Tuesday he welcomed the surge in US domestic energy production from shale oil and gas fields, which he said ...

 
China pips US to become world
1 May 2013 08:00

China pips US to become world's biggest PC market

China has become the world's biggest market for personal computers with industry specialists saying it received 69 million shipments of PCs in 2012.In the process, China trounced the US which was the biggest PC market till 2011. China has already become the biggest internet market in the world with ...

 
Visa exemption increases Turkey
28 Apr 2013 18:47

Visa exemption increases Turkey's export rates

Visa exemption with several countries increased Turkey's export rate significantly.Turkey Exporters' Assembly (TIM) Chairman Mehmet Buyukeksi told AA that visa was both a technical barrier and a psychological obstacle.Noting that Turkey exported products to 242 countries and customs zones, Buyukeksi ...

 
UK deficit among EU highest, despite austerity
23 Apr 2013 18:47

UK deficit among EU highest, despite austerity

Britain still has one of the highest budget deficits in the European Union despite massive spending cuts that have only slightly improved its position since 2009.Figures released by the EU statistics authority, Eurostat, on Monday showed that Britain’s ratio of budget deficit to gross domestic ...

 
Egypt seeks gas deal with Russia
20 Apr 2013 18:41

Egypt seeks gas deal with Russia

Egypt's seeks Gazprom to help with export gas shipments to Europe amid the continuing deficit in the country, Russian Energy Minister Alexander Novak said on Saturday.“Egypt has asked us [Russia] to help make swap gas shipments in order under Egypt’s agreements with Europe,” Novak told the ...

 
McDonald
19 Apr 2013 17:23

McDonald's to hike prices for first time since 2008

رMcDonald's Corp.'s Japanese business will raise some burger prices by much as 25 percent next month, the fast food chain's first increase in the country since 2008.Hamburger prices will go up to ¥120 from ¥100 and cheeseburgers will rise to ¥150 from ¥120 in Japan in May, McDonald's ...

 
Gold has its biggest fall in 30 years
16 Apr 2013 17:26

Gold has its biggest fall in 30 years

Global gold prices have plunged more than nine percent in a single day, its biggest one-day decline since 1983.On Monday, the price of gold dropped $140.30 to $1,361.10 an ounce, The Associated Press reported.The precious metal has plunged $200 an ounce, or about 13 percent, during the last two trading ...

 
iPhone sales boost Apple India profit over 400%
15 Apr 2013 17:00

iPhone sales boost Apple India profit over 400%

Apple India's revenues rose threefold to over Rs 2,000 crore for the year ended March 2012, and analysts expect surging iPhone sales to propel the company's top line to over $1 billion (about Rs 5,400 crore) in the current fiscal year.The maker of iPhones and iPads does not disclose financial results ...

 
Turkish companies dominate northern Iraq
12 Apr 2013 17:09

Turkish companies dominate northern Iraq

Half of all foreign companies operating within the regional administration in north of Iraq are from Turkey.There are a total of 2,296 foreign companies working in north of Iraq, a region that considers Turkey as their window opening to the rest of the world.47.87 percent of all foreign companies operating ...

 
Greece unemployment hits record high
12 Apr 2013 16:55

Greece unemployment hits record high

Greece's unemployment rate reached a new record of 27.2 percent in January, new data has showed, reflecting the depth of the country's recession after years of austerity imposed under its international bailout.The latest figure rose from a revised 25.7 percent in December, the country's statistics service ...

 
US unemployment rate actually stands at 14.3 percent: Report
10 Apr 2013 17:41

US unemployment rate actually stands at 14.3 percent: Report

The United States nationwide unemployment rate actually stands at 14.3 percent and not the reported 7.6 percent, an American magazine reports.Forbes magazine reported on Monday that the true unemployment number must include discouraged workers, the marginally employed, and the workforce most impacted ...

 
Japanese rush to sell gold as price in yen jumps
10 Apr 2013 17:37

Japanese rush to sell gold as price in yen jumps

The weak yen has triggered a gold rush, literally, among Japanese households, reflecting how bold new economic policies are shaking up long-entrenched deflationary attitudes, freeing up dormant assets, and sparking new economic activity.While gold prices have softened globally, the declining value of ...

 
5 million UK families in debt to energy firms
10 Apr 2013 17:34

5 million UK families in debt to energy firms

The number of British households, who owe money to their energy suppliers, has risen to more than five million, a new study has found.

 
Spain
8 Apr 2013 19:04

Spain's youth rally against unemployment

Mass protests held in cities across Spain and country's embassies around world against high unemployment.

 
US labor force participation rate lowest since 1979
7 Apr 2013 19:17

US labor force participation rate lowest since 1979

Recent statistics show that the participation rate of Americans in the labor force is falling drastically, hitting the lowest such figure since May 1979.

 
Iraq threatens to take legal actions against Turkey over KRG oil deals
5 Apr 2013 17:48

Iraq threatens to take legal actions against Turkey over KRG oil deals

Iraq has threatened to take legal actions against Turkey for its energy deals with Kurdistan Regional Government (KRG), saying exporting oil to the northern neighbor from the semi-autonomous region is an act of smuggling. Iraqi Deputy Prime Minister for Energy Affairs Hussein al-Shahristani said ...

 
60% of people in Saudi Arabia face housing crisis: Report
17 Mar 2013 17:30

60% of people in Saudi Arabia face housing crisis: Report

A report says about 60 percent of people in Saudi Arabia live in homes under inconvenient conditions.Saudi Arabia’s newspaper Al-Watan reported on Saturday that the oil-rich country is facing problems in providing its citizens, especially the youth, with appropriate housing.The report said about ...