CORONAVIRUS
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Business
Russian assets of France’s Renault become state property
Moscow says deal provides for option for Renault Group to repurchase its interest in AVTOVAZ, exercisable during next 6 years…
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Business
Turkish industrial output beats forecasts to expand by 9.6%
Turkey’s industrial production exceeded forecasts by expanding 9.6% year-over-year in March, official data showed Friday, rising for a 21st consecutive…
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Business
Turkish export climate buoyant on improved demand in top markets
The export climate for Turkish manufacturers remained strong in April, a closely watched survey showed Wednesday, pointing to a significant…
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Business
China trade weakens after cities shut down to fight virus
China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai…
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Business
Chinese exports slow, imports constant in April
Country’s efforts to curb spread of coronavirus cut demand and production, disrupt logistics China’s exports slowed down and imports were…
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Business
Oil prices raise inflation, China lockdown worsens supply disruptions: Fed
‘Inflation is much too high, we are moving expeditiously to bring it back down,’ Fed Chair Jerome Powell says The…
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Business
Intel revenue falls in Q1 as tech sector struggles with chip shortage
CEO says company has $1T market opportunity as it expands capacity in US, Europe US-based global chipmaker Intel saw its…
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Business
Merck gains over $3.2B in sales from coronavirus pill in Q1
Pharmaceutical firm estimates $5 to $5.5B from COVID-19 pill this year US pharmaceutical firm Merck gained more than $3.2 billion…
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Local Turkey
Turkey lifts indoor mask mandate
The requirement to wear protective face masks indoors in Turkey has been scrapped, with the exception of hospitals and public…
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Business
European car sales dip as Ukraine war hits struggling industry
Car sales in Europe dropped sharply in March, industry data showed Wednesday, as Russia’s invasion of Ukraine added to the…
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