Business

UK Treasury chief hails economic rebound from pandemic

Britain’s Chancellor of the Exchequer Rishi Sunak holds up the traditional ministerial red dispatch box as he leaves for the House of Commons to deliver the Budget in London, Wednesday, Oct. 27, 2021. (AP Photo/Alastair Grant) By Associated Press LONDON (AP) — Britain’s Treasury chief Rishi Sunak is painting a relatively rosy picture of the

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Pakistan accuses US of trying to derail China economic corridor project

By Anadolu Agency Pakistan has accused the US of colluding with its longtime rival India to sabotage the multibillion-dollar China Pakistan Economic Corridor (CPEC) project. The rare direct charge came from the head of the local CPEC authority, Khalid Mansoor, who is also a special assistant to Prime Minister Imran Khan, at a seminar organized

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Turkey’s F-16 request a test of US relationship

A General Dynamics F-16 Solo Turk aerobatic aircraft performs during the 5th Sivrihisar Airshow in Eskisehir, Turkey, on September 13, 2020 [AFP] Middle East Eye By Sean Mathews Ankara faces stiff resistance in US Congress over plan to purchase F-16 fighter jets, while Turkish defence experts warn the country’s neighbours are modernising their air forces

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African states seeking to tap into Turkish investments at forum

By Anadolu Agency African nations are seeking trade and investment opportunities at the Turkey-Africa Economic and Business Forum currently underway in Istanbul. Representing Somalia is Minister of Commerce and Industry Khalif Abdi Omar, who acknowledged Turkey’s current role in his country that has deepened trade, investment, technology and logistics as is the theme of the

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Sh394bn of China funded projects linked to graft

Standard Gauge Railway trains at the Port of Mombasa. By Business Daily Africa China-funded infrastructure projects in Kenya worth nearly Sh394.27 billion have been dogged by claims of graft and financial impropriety, the third highest value of tainted ventures being implemented globally under Beijing’s Belt and Road Initiative (BRI). A study by a top US

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Turkey, Nigeria determined to further bilateral cooperation

By Anadolu Agency The Turkish president on Wednesday said Turkey is determined to further its cooperation with Nigeria in every field. Speaking at a joint press conference with his Nigerian counterpart Muhammadu Buhari in Nigeria’s capital Abuja, Recep Tayyip Erdogan said: “We are strengthening our cooperation in military defense and security issues with Nigeria, which

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Turkey risks losing billions with grey listing by global financial watchdog

A currency exchange office worker counts Turkish lira banknotes at an exchange office in Istanbul as Turkey’s lira set a new record low against the dollar (AFP) By Middle East Eye Financial Action Task Force to place Turkey in a grey list of countries which failed to combat money laundering and terrorism financing, according to

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UK finance chiefs fear supply chain drag for at least another year

Amazon trailer trucks are seen at Cherbourg Harbour, France January 21, 2021. REUTERS/Gonzalo Fuentes/File Photo Reuters By William Schomberg Supply chain problems that are dragging on the economy’s post-lockdown recovery will persist for at least a year, according to a survey of chief financial officers at top British companies published on Monday. With the Bank

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Turkey’s cooperation with Africa not short-term: President

‘Turkey stands out as strategic partner for African countries with $25B trade volume by end of 2020,’ says Recep Tayyip Erdogan, Turkey never looks at cooperation with African countries as short-term, the Turkish president said on Sunday. According to Anadolu agency reported. Recep Tayyip Erdogan was speaking at a news conference at the Ataturk Airport

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Turkey’s Erdogan says U.S. proposed F-16 sales in return for its F-35 investment

A U.S. Air Force F-16 jet fighter takes off from an airbase during CRUZEX, a multinational air exercise hosted by the Brazilian Air Force, in Natal, Brazil November 21, 2018. REUTERS/Paulo Whitaker By Reuters President Tayyip Erdogan said on Sunday that the United States had proposed the sale of F-16 fighter jets to Turkey in

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