Economy

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Brits to sell properties on Turkish Coast, Russians Buyers #1

The newest economic crisis in Europe affecting British proprietors in the west and southwest coast of Turkey, as they sell…

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USA : Burden of US Debt Law to Fall on most Vulnerable

A law to raise the US national debt ceiling could have been a catastrophic payment default which will affect the…

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Hugo Chavez: Let’s End the Dictatorship of the Dollar

Venezuelan President Hugo Chavez called for an end to the dictatorship of the U.S. dollar by using meaans such as…

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US Democrats and Republicans agree on debt deal

President Obama stated US Democrat and Republican politician leaders have come to a preliminary agreement to reduce the US deficit,…

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Turkey holidays: High-spending Arab tourists herded to Turkey

Dozens of Arab women, mostly from countries of Gulf area, in flowing chadors swagger through many of Istanbul’s most luxurious…

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Auto production in Turkey up 14% in first half 2011

Turkish automotive production (except agricultural tractors) increased 14% year to 621,695 units in the first six months of 2011, the…

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Gigantic Zorlu Center Raises Stakes and Eyebrows in Istanbul

Only a few real estate projects have seized on the contrasts of being part West and part East as the…

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US Acknowledges Unemployment Problems

U.S. cities, suffering from diminished revenues as a result of economic turbulence, are hit by growing unemployment, with 18 cities…

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Barack Obama : Congress to blame on U.S. Debt

US President Barack Obama via Twitter has blamed the Congress for the possibility of the country reaching a situation of…

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Turkey’s economy grew by 11 percent / Economy News

Turkey's economy booms, as Turkey GDP grew 11 percent in the first quarter of 2011, Turkish Statistics Institute stated in…

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Papandreu Hints at dangers of Bankruptcy in Greece

Greek Prime Minister Yorgos Papandreu warned against the danger and consequences of an possible "disordered bankruptcy" for the credibility of…

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Food crisis spreads to all Africa

The food crisis will spread to the entire continent of Africa, stats and warns the African Development Bank (ADB)

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New Turkey-Italy route promises mutual tourist boom

Turkish Airlines will add an extra weekly service from Istanbul to the popular Italian riviera destination of Genoa, which should…

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Markets Rally after Turkey Elections

Turkey; Turkish elections bode well for investor as markets react well and rally

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Spanish Unions Refuse Euro Anti-Crisis Measures

The two largest unions in Spain, the General Union of Workers (UGT) and the Workers'' Commissions (CCOO) expressed opposition to…

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