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  • Turkish appliance makers look east

    ISTANBUL -- Turkish appliance maker Arcelik is investing more in Asia, where China's Belt and Road Initiative is expected to create swaths of economic growth.China envisions the massive initiative as a modern-day Silk Road -- a series of ports, powe

    June 27, 2017 07:00 pm JST
  • Turkey willing to mediate Gulf dispute

    TOKYO -- Turkey is willing to play a mediating role in the diplomatic crisis between Qatar and some of its Gulf neighbors, its foreign minister said.In an interview with the Nikkei Asian Review on Thursday, Mevlut Cavusoglu also criticized the Gulf

    June 23, 2017 09:32 am JST
  • Brendan Sobie

    Mongolia must open up to avoid aviation embarrassment

    Mongolia is to get a new international airport next year. The $580 million project, overseen by the Japan International Cooperation Agency, is a large investment for a country of only 3.1 million people and a gross domestic product of just $12 billi

    June 18, 2017 12:00 pm JST
  • UN launches second round of nuclear ban talks

    UNITED NATIONS -- Delegates from more than 80 countries kicked off a second and possibly final round of negotiations Thursday on an international treaty to ban nuclear weapons, seeking to adopt a final text by the July 7 end of the conference."As we

    June 16, 2017 05:30 am JST
  • Marubeni to enter Europe's clothing market via Turkey

    TOKYO -- Japanese trading house Marubeni will invest in Turkish clothing company Saide Textile, seeking to supply products to fast-fashion retailers and others throughout Europe.Marubeni is expected to spend 7 billion yen to 10 billion yen ($63 mill

    June 14, 2017 02:35 am JST
  • World Bank says trade, manufacturing to boost 2017 global growth

    WASHINGTON (Reuters) -- The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices.The update o

    June 5, 2017 09:10 am JST
  • Turkey's sluggish economy tests a newly empowered Erdogan

    ISTANBUL Politically, Turkish President Recep Tayyip Erdogan is on a roll. Yet, he is presiding over an economy that is struggling to regain traction, and his recent trip to Beijing for the Belt and Road Forum did little to change that.Erdogan has

    June 1, 2017 11:59 pm JST
  • Turkey's sluggish economy tests a newly empowered Erdogan

    ISTANBUL Politically, Turkish President Recep Tayyip Erdogan is on a roll. Yet, he is presiding over an economy that is struggling to regain traction, and his recent trip to Beijing for the Belt and Road Forum did little to change that.Erdogan has s

    June 1, 2017 10:00 am JST
  • Turkey's Arcelik eyes Asian sales of $1.5bn in 5 years: CEO

    ISTANBUL -- Turkish appliance giant Arcelik aims to grow Asian sales to $1.5 billion within five years, CEO Hakan Bulgurlu told The Nikkei in a recent interview, noting how the global economy's center of gravity is moving eastward.A core part of the

    May 30, 2017 07:00 am JST
  • Russia eases Turkey sanctions but won't budge on tomatoes

    ISTANBUL -- Russia has lifted some of its economic sanctions against Turkey, but it refuses to budge in one area: tomatoes.The sanctions began after Turkey downed a Russian warplane on the Turkish-Syrian border in November 2015.Russian President Vla

    May 28, 2017 11:00 am JST
  • US decides to slap antidumping duties on steel rebar from Japan

    WASHINGTON (Kyodo) -- The U.S. Department of Commerce said Tuesday it has decided to impose antidumping duty on imports of steel reinforcement bar from Japan after concluding that it was sold at unfair prices in the United States.Following the final

    May 17, 2017 12:35 pm JST
  • China pledges $124bn for new Silk Road, says open to everyone

    BEIJING (Reuters) -- Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomati

    May 14, 2017 01:03 pm JST
  • Turkey's educational Islamization bodes poorly for growth

    ISTANBUL -- Some 100 parents gathered on April 18 amid heavy rain in front of a public lower secondary school in Kartal, a district on the eastern side of Istanbul, and chanted slogans like "Don't touch our school" and "We cannot be silent, we must

    May 10, 2017 01:00 pm JST
  • Weak economy could prove fatal to Erdogan administration

    ISTANBUL -- Turkey's constitutional revision expanding President Recep Tayyip Erdogan's authority was approved in the April 16 referendum, enabling Erdogan to stay in power until 2029. The Erdogan administration is strengthening its base by clamping

    April 28, 2017 12:00 pm JST
  • G-20 reaffirms commitment on orderly currency movements

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies on Thursday reaffirmed a G-20 commitment to orderly currency movements as a way to promote world economic growth and ensure stability in financial markets, according to Japane

    April 21, 2017 03:02 pm JST
  • Sreeram Chaulia

    Turkey haunted by ghosts of the past

    A narrow victory margin of only 2 percentage points in Turkey's referendum to approve sweeping constitutional changes has set the stage for President Recep Tayyip Erdogan to anoint himself as a modern-day sultan with untrammeled authority. Following

    April 18, 2017 12:35 am JST
  • Erdogan won by exploiting patriotism, terrorism fears

    ISTANBUL -- Turkish voters have narrowly supported a constitutional change by the national referendum conducted on Sunday that will grant greater power to the country's president. Taking advantage of being an incumbent in gaining patriotism votes wo

    April 17, 2017 02:15 pm JST
  • Turkey's Erdogan celebrates victory as count points to tight win

    ANKARA/ISTANBUL (Reuters) -- President Tayyip Erdogan celebrated what he said was a clear result in a referendum on Sunday to grant him sweeping new powers, but opponents said they would challenge the vote count which gave a narrow 51.3 percent lead

    April 17, 2017 04:20 am JST
  • Turks vote in historic referendum on expanding Erdogan's power

    ANKARA/ISTANBUL (Reuters) -- The counting of votes began on Sunday in a referendum that would give sweeping new powers to Turkey's President Tayyip Erdogan and herald the most radical change to the country's political system in its modern history.Po

    April 16, 2017 11:43 pm JST
  • Polls open in Turkey's historic referendum on reforms

    ISTANBUL (AP) -- Voters in Turkey were deciding Sunday on the future of their country, with polling stations opening for a historic referendum on whether to approve reforms that would concentrate power in the hands of the president.If the "yes" vote

    April 16, 2017 03:10 pm JST