Erdogan begins new five-year term after runoff win Unorthodox rate cuts had exacerbated cost-of-living crisis Economy under deep strain, Simsek seen reversing course ANKARA, June 3 (Reuters) – President Tayyip Erdogan signalled on Saturday his newly-elected government would return to more orthodox economic policies when he named Mehmet Simsek to his cabinet to tackle Turkey’s ...

BUENOS AIRES, June 2 (Reuters) – Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country’s central bank said in a statement on Friday, a boost to its dwindling foreign currency reserves. The bank said that the ...

Italy PM looking to shore up strategic supply chains New fund can invest in Italian headquartered, listed firms Government eyes Gulf SWFs to support the initiative ROME, June 1 (Reuters) – Italy’s right-wing government can use a new strategic fund to buy stakes in listed companies outside of the financial sector, according to a draft ...

AMSTERDAM, May 31 (Reuters) – A Dutch law giving the government power to review foreign technology investments and block takeovers on national security grounds is set to go into effect this week, the government said on Wednesday. Economic Affairs Minister Micky Adriaansens, who will oversee the new Investment Review Office, said in a statement she ...

MILAN, May 30 (Reuters) – Italian police arrested 40 people on Tuesday in a new crackdown targeting the ‘Ndrangheta mafia, with suspects accused of drugs trafficking with counterparts in Latin America using shadow networks of Chinese money brokers. “Today’s raid is a crucial operation that showed how the ‘Ndrangheta is an octopus that reaches everywhere ...

DETROIT/BEIJING, May 25 (Reuters) – U.S. Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao traded barbs on trade, investment and export policies in talks on Thursday described by Raimondo’s office as “candid and substantive.” Their meeting in Washington was the first U.S.-China cabinet-level exchange in months, after a string of trade and national ...

SYDNEY, May 21 (Reuters) – Australian Prime Minister Anthony Albanese said on Sunday that he backed a Group of Seven (G7) joint statement out of Japan stressing the need to ease reliance on trade with China. The G7 rich nations, which increasingly see China as a economic security threat, on Saturday issued a communique from ...

[1/2] The ‘Hoegh Esperanza’ Floating Storage and Regasification Unit (FSRU) is anchored during the opening of the LNG (Liquefied Natural Gas) terminal in Wilhelmshaven, Germany, December 17, 2022…. Read more HIROSHIMA, Japan, May 20 (Reuters) – The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it ...

Impact of UK’s import ban on Russian metal exports seen muted US imposes sanctions on Polyus gold producer UK’s diamond ban is important in context of broader G7 talks LONDON, May 19 (Reuters) – Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, ...