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Iraq has approved the sale by Royal Dutch Shell of the company’s 20 percent stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu Corp, a senior Iraqi oil official said on Jan. 10. The deal comes as the Anglo-Dutch company agreed to exit the Majnoon oil venture, one of...
TOKYO - Reuters Former Toyota Motor Corp President Tatsuro Toyoda, who helped the Japanese automaker become a global industrial power in the early 1990s, has died at the age of 88, the company said  on Jan. 6. The son of the company’s founder, Kiichiro Toyoda, he took a major role in...
Carillion, the second largest construction company in the UK, has been declared bankrupt. Carillion, the second largest construction company in the UK after Balfour Beatty, reported that the company went bankrupt in a statement made on its website. The company had been experiencing financial difficulties since the last year due to...
Britain’s trade deficit has risen to a five-month high, official data showed on Jan. 10, sparking concern over looming Brexit talks. The deficit in goods and services, the gap between exports and imports, widened in November by 0.5 billion to a five-month high of 2.8 billion, the Office for National...
İSTANBUL A large majority of the Turkish population continues to support the country’s membership of the European Union, though few believe it can be realized in the short term, according to a new poll commissioned by the Economic Development Foundation (IKV). The poll showed a rising trend in support for EU...
ISTANBUL Ski resorts in provinces across Turkey have been attracting domestic and foreign visitors during winter as the country bids to diversify its struggling tourism industry. The Palandöken Ski Center in the eastern province of Erzurum continues to be a hot spot for skiing fans following heavy snowfall in the area. The...