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Wednesday, August 21, 2019
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    Turkish banks should cut interest rates, top business group says

    A leading Turkish business group called on banks to cut interest rates on loans after the central bank slashed borrowing costs. State-run lenders have already reduced their loan...

    Medical examiner says Natalie killed instantly after fall from a height

    Natalie Christopher was killed instantly after a fall from a considerable height, according to the medical examiner who flew to Ikaria to examine the scene where the...

    Drilling setback casts cloud over gas development

    Following a rapid increase in production over the past three years, Egypt has once more become a net exporter of natural gas, and in late July it...

    Turkey to see lower interest rates: Finance minister

    Turkey will see a downward trend in interest rates in the coming days, the country's finance and treasury minister said Tuesday. Turkey showed strong policy successes over the...

    New rail line links Turkish port with China and UK

    Turkey’s one of the largest container terminal, DP World Yarimca was connected to China and London by rail on Tuesday. Inaugurating the new rail line, Turkish Minister of...

    Turkey Told Bankers It May Exceed Targets for Borrowing, Deficit

    Turkish officials told bankers that the government is set to exceed its targets on new debt and the budget deficit, according to people with direct knowledge of the...

    Pound sinks to 28-month low on Brexit fears

    The pound sank to a 28-month low against the dollar as Boris Johnson's government toughened its rhetoric on Brexit. Sterling dipped 1.1% to $1.2242 and €1.1004 respectively. The currency...

    Turkey’s Digitürk cries foul over TV deal as lira slides

    Turkish TV network Digitürk’s struggle with a $125 million payment on a broadcasting deal, citing a plunge in the lira since it was signed in November 2016, is...

    New governor of Turkey’s central bank sacks four coordinators

    Murat Uysal, the newly appointed governor of Turkey’s central bank, abolished a general coordination unit established by the former governor and removed four coordinators of duty, Deutsche...

    Olive oil company unites Cyprus with a ‘taste of peace’

    Hasan Siber and Alexandros Philippides, co-founders of Colive, stand in front of a 900-year-old olive tree. Siber, a Turkish Cypriot, and Philippides, a Greek Cypriot, started an...
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