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VIDEO: Inflation drop in late 2010

2010-03-04 17:55:33

Governor Durmus Yilmaz says Turkey’s Central Bank is “sensitive” to the acceleration in inflation in the country last month. He says the bank expects the inflation rate to remain high until the fourth quarter of this year.

Mixed reactions

2010-03-04 16:45:29

The Greek press reported on the tough times ahead for the country after the government announced further, tougher measures to deal with its economic woes.

VIDEO: Caglayan upbeat about target

2010-03-03 17:52:25

Turkey's foreign trade minister sounded upbeat about the prospects for an increase in country's exports this year, saying that the country targeted to exceed 110 billion USD in 2010.

VIDEO: Istanbul tops unemployment list

2010-03-03 17:45:30

Istanbul ranked highest in unemployment in 2009 among Turkish cities with an unemployment rate of 16.8%.

VIDEO: Two more Turkish officers charged

2010-03-03 17:42:49

An Istanbul court charged two more active duty army officers over an alleged 2003 plot to overthrow the AK PARTY, government, bringing the number of suspects held to 37.

Income gap & poverty key issues

2010-03-03 16:43:07

When the National People's Congress, China's parliament, convenes Friday, maintaining high economic growth and dealing with the country's ever widening wealth gap will be two issues high on the agenda.

Taxi drivers close streets in strike

2010-03-02 16:53:36

Taxi drivers blocked Athens streets with their yellow cabs to stage a rally as part of a strike over the government's economic measures.

Toyoda apologises for recalls

2010-03-01 17:23:17

The President of Toyota, Akio Toyoda offered a sincere apology to Chinese car buyers over Toyota's massive global recall, which has had limited impact in the Chinese market.

VIDEO: Goods imports up by 24.1 pc in Jan

2010-02-26 18:00:05

There are positive signs today about the health of the Turkish economy. The Turkish Board of Statistics says imports of intermediate goods rose up to 8-point-6 billion U-S dollars in January. That constituted nearly 75- percent of Turkey's total imports for the period.

Papandreou speaks on economy

2010-02-26 17:45:46

Greek Prime Minister George Papandreou says he will do whatever it takes to save the economy, no matter how painful. He said no other country will pay for Greece's debts.

Airbus CEO:The project to continue

2010-02-25 16:14:50

The Chairman of the aircraft maker Airbus says an agreement to save Airbus' A-400-M military cargo transport plane is close.

VIDEO: Chavez looks to US and Colombia

2010-02-20 17:39:04

Venezuelan President Hugo Chavez looks to ideological foes U.S. and Colombia to help in Venezuelan electrical shortage and threatens leading Venezuela food firm Polar.

VIDEO: Credit agency raises Turkey's rating

2010-02-20 17:36:05

Standard & Poor's Ratings Services said that it raised its long-term foreign currency and local currency sovereign credit ratings on the Republic of Turkey to 'BB' and 'BB+', respectively.

Maliki encourages inv. in oil sector

2010-02-20 15:51:36

In a move aimed at supporting national investment in its oil sector, Iraq's Prime Minister Nuri al-Maliki said that Iraq will not sign oil agreements with foreign companies in future.

VIDEO: Caglayan meets Syrian moguls

2010-02-19 17:51:19

Turkish State Minister for foreign trade Zafer Caglayan met with the leading businessmen from Syria in Istanbul. It's part of Ankara's efforts to boost trade and commerce between the two countries.

VIDEO: Countries talk on natural gas price

2010-02-19 17:48:56

Russia and Turkey have made new high level deals involving energy.

Taxi drivers, customs go on strike

2010-02-19 16:08:58

Signs reading "no more gas" hung on petrol pumps around the Greek capital as gas stations ran dry. A customs officials strike affected the distribution of fuel and the passing of goods through customs offices at borders and ports.

Fears of petrol shortages in France

2010-02-19 15:48:33

Strikers were blockading the six French oil refineries controlled by energy group Total, sparking fears that the dispute could soon cause shortages of petrol throughout the country.

Crashes blamed on company

2010-02-19 15:30:08

The president of Toyota Motor Corp stated today he intended to give a "sincere explanation" about the company's series of safety recalls when he testifies in the United States next week.

Crisis affects nightlife

2010-02-18 17:01:20

Greeks are famous for their love of nightlife, and usually, no matter what day of the week it is, night bars, cafes, clubs and restaurants are brimming with people. The current economic crisis however may be changing that habit.

Japanese noodles go upscale

2010-02-18 16:29:06

At Fujimaki Gekijyo, there is only one item on the menu - a bowl of "Five-taste blended Imperial Noodles" at $111 U.S. dollars.

Japan strives to keep brand image

2010-02-18 16:19:48

With a series of recalls damaging the reputation Toyota, the head of Japan's auto-making lobby is stressing the commitment of Japanese automakers to quality and safety,

VIDEO: Budget deficit $2 bn for Jan

2010-02-17 17:53:30

The global economic downturn is taking a toll on Turkey just as in many other countries.

Rebuilding Haiti to cost billions

2010-02-17 15:45:30

The cost of rebuilding impoverished Haiti after last month's earthquake could reach nearly 14 billion U-S dollars - the costliest natural disaster in recent history.

VIDEO: Caglayan arrives in Athens

2010-02-16 18:24:06

Turkish State Minister Zafer Caglayan is in Athens, Greece today.

VIDEO: Unemployment rate reaches 13.1%

2010-02-15 18:06:00

The Turkish Board of Statistics says Turkey's unemployment rate increased half a percent to 13-point1 percent in November.

VIDEO: Babacan discusses national income

2010-02-15 18:05:36

Turkish Deputy Premier Ali Babacan estimated a national income of USD 650 billion and a total debt of approximately USD 350 billion adding that exact figures would be made public on March 31st.

Faced with structural problems

2010-02-15 17:20:43

And now let's take a look at some of the basics concerning the Greek economy, and at some of the factors which explain the difficulties it is currently facing.

Prince defends personal expenses

2010-02-15 16:47:23

In an interview ahead of his 50th birthday, Prince Andrew defends his use of taxpayers' money to fly to engagements and insists the monarchy is good value for money.

VIDEO: Welcome EU's Greece pledge

2010-02-12 18:18:28

European markets open higher, boosted by stronger drugmakers and energy shares as the European Union's pledge to help crisis-hit Greece helped calm the markets. But overall, the region's post-recession recovery hit a roadblock as German economic growth unexpectedly ground to a halt in the final quarter of 2009.

VIDEO: Analyst expects volatility

2010-02-12 18:04:28

Analyst Vassilis Vlastarakis, head of research at Beta Securities stock brokerage firm, describing the markets reaction as "frozen" until then Markets feel the European Union was short on detail in its support for Greece and are waiting for more news from the upcoming Ecofin meeting,

VIDEO: Direct foreign investments down

2010-02-12 17:59:18

Net direct international investment inflow to Turkey fell 58.4 percent to 7.5 billion USD in 2009 when compared to the figures in 2008.

VIDEO: Current deficit down in 2009

2010-02-11 17:45:14

The Central Bank of Turkey said that Turkey's current deficit was down in 2009.

Toyota recalls Prius

2010-02-09 16:31:57

Toyota Motor Corp will recall around 436,000 hybrid cars worldwide, including the 2010 Prius model.

Toyota President apologises

2010-02-09 16:19:37

Toyota President Akio Toyoda appeared for the second time in a week to apologise for recalls, this time of hybrid Prius.

Credit markets under pressure

2010-02-05 15:39:11

European stocks extended the previous session's sharp losses today, tracking a global selloff amid concerns that debt levels in peripheral euro-zone counties may escalate and spread.

Recall to cost up to $2 billion

2010-02-04 16:09:16

Toyota Motor said its biggest ever safety recall would cost it up to $2 billion dollars this quarter, but raised its outlook for the financial year to March after a forecast-beating third-quarter.

Honda Motor raises its forecast

2010-02-03 13:37:44

Honda Motor raised its forecast for the year to March after reporting its strongest quarterly profit in a year-and-a-half, led by motorcycle sales.

VIDEO: PM blames speculators

2010-02-02 19:57:36

Greece's prime minister George Papandreou blamed speculators for strangling the country's economy as financial markets worried about its ability to service its spiralling debt.

Automaker braces for sales hit

2010-02-02 15:33:59

Toyota's unprecedented recall of millions of vehicles with faulty accelerators is taking a toll on sales and may force the world's largest automaker to cut 2010 sales forecasts. U.S. auto sales for January due later on Tuesday (February 2) are expected to show a sharp drop for Toyota after it pulled eight of its most popular models from showrooms last week following a series of crashes linked to unintended acceleration.

VIDEO: Obama to unveil $3.8tn budget

2010-02-01 20:20:21

US President Barack Obama is due to unveil a $3.8tn budget which includes increased spending for job schemes, but cuts in other areas. The US deficit has soared to $1.4tn and Obama's budget could push it to $1.6tn this year.

VIDEO: President resigns

2010-01-30 18:33:06

Argentina's central bank president HAS resigned, saying it was time to move on after a messy leadership crisis at the bank that erupted over government plans to tap foreign reserves to pay debt.

Turkish exports fall 22.6 pc in 2009

2010-01-29 14:26:58

Turkish statistics authority sTATED THAT, Turkish exports fell 22.6 percent in 2009.

VIDEO: World Economic Forum opens

2010-01-27 18:30:23

Thousands of the world's political and business elite gathered in the Swiss mountain town of Davos for the first day of a World Economic Forum likely to be dominated by debate on how to reform the world's banking system.

Studio signs new agreement

2010-01-25 20:53:05

Universal Studios signed an agreement to build a $2.7 billion dollar theme park in South Korea. The park will be its third and largest in Asia. And the agreement revives a plan delayed that for two years by lack of funding.

Stocks decline on WH bank news

2010-01-23 15:08:53

U.S. stocks tumbled in their worst three-day slide in 10 months on fears the White House's plan to curb bank risk-taking would cut profits and a drop in tech shares after Google Inc's disappointing results.

70-80 USD per barrel declared

2010-01-18 18:34:24

Saudi Arabia's deputy oil minister reiterated that an oil price at between 70 to 80 U-S dollars a barrel is reasonable.

Shell signs Iraq oil field deal

2010-01-18 15:21:13

Oil giant Shell and Malaysia's state-run Petronas oil company finalized a contract to develop Iraq's giant Majnoon oil field.

Turkey to be part of solution

2010-01-16 15:23:23

Turkish Energy & Natural Resources Minister Taner Yildiz said that Turkey was a part of solution to the energy problem of Europe

European Ministers seek revival

2010-01-15 16:16:26

European environment ministers will seek a strategy for reviving global climate talks at a meeting in the Spanish city of Seville this week, after U.N. talks in Copenhagen last month ended in failure.