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Volkswagen announces five-year $193 billion investment plan as electrification gathers pace
The German automotive giant earlier this month posted a full-year 2022 operating profit of 22.5 billion euros, up 13% from…
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Investors eye Portuguese golden visas as authorities ponder programme’s end
Investments through Portugal’s “golden visa”, which gives wealthy foreigners residence rights, jumped nearly 50 per cent last month, data showed…
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Food company Tat Gıda obtains EBRD loan
The European Bank for Reconstruction and Development (EBRD) is extending up to 20 million euroes loan in financing to Tat…
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Turkish businessman’s French mansions on sale for $75 million
The mansion complex in France, in which Turkish businessman Ali Raif Dinçkök, who died in 2018, lived for years, has…
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Revving up efforts on energy tech, Turkey to mass-produce generators
Energy and Natural Resources Minister Fatih Dönmez on Wednesday said Turkey would soon begin the mass production of locally produced…
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Turkey invests 1 billion euros in wind power
Turkey’s investment in new wind farms amounted to a total of 1 billion euros in 2021, according to a recent…
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UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion
United Arab Emirates-based telecoms company e& has bought a 9.8% stake in Vodafone for $4.4 billion, days after saying it…
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Nestle sales rise in first quarter after price hikes
Nestle reported better-than-expected sales in the first quarter yesterday after the Swiss food giant raised prices to cope with soaring…
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BioNTech profits jump to $11.5B in 2021, up from $17M in 2020
Germany-based coronavirus vaccine developer and producer BioNTech reported a whopping 10.3 billion euros ($11.5 billion) in profits in 2021, skyrocketing…
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Adana supplies blue crabs worldwide
Fishermen in the southern province of Adana export some 120 tons of blue crabs, known for their flavor and high…
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