Author: Anadolu Agency
Türkiye last year rose to fourth place in Europe in attracting the most international investment projects, according to the Turkish Presidency Investment Office. “Türkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion in international direct investment we attracted in 2023 is the most concrete sign of this success,” said Burak Daglioglu, the office’s head. A report by audit and consulting firm EY found a significant fall from the previous year in foreign direct investment (FDI) projects in Europe for the first time since the pandemic, blamed on factors such as…
U.S.-based aircraft giant Boeing posted a net loss of $355 million in the first quarter of 2024. In a statement, Boeing said its revenue, including products and service sales, dropped by 7.5% to $16.6 billion year-on-year in the January-March period. The company’s loss from operations totaled $84 million. The firm’s revenues from commercial aircraft sales amounted to $4.65 billion, while defense, space and security earnings totaled $6.95 billion. Global services’ revenues also totaled $5 billion in the three-month period. The firm delivered 83 commercial aircraft-67 units of 737, three units of 767 and 13 units of 787 type planes.
The Turkish business world is preparing for President Recep Tayyip Erdoğan’s U.S. visit in May after a five-year hiatus, hoping that Turkish-U.S. trade ties will further grow. The president’s previous took place in 2019 when U.S. President Donald Trump and Erdoğan set a $100 billion bilateral trade target. The bilateral annual trade volume, which was at $20.77 billion in 2019, rose to $30.6 billion in 2023, increasing 47.3% during the five-year period, according to data compiled by Anadolu from Turkish Statistical Institute data. The U.S. was the second main destination for Türkiye’s exports last year; Turkish exports to the U.S.…
Google terminated 28 employees for their involvement in a 10-hour sit-in at two of the tech giant’s offices in California and New York City, protesting the company’s ties with Israel. In response to the Tuesday protests led by a group called No Tech For Apartheid against Project Nimbus, a $1.2 billion cloud contract with Israel, Google on Wednesday fired 28 employees accused of taking part in the protests. “This evening, Google indiscriminately fired over two dozen workers, including those among us who did not directly participate in yesterday’s historic, bicoastal 10-hour sit-in protests,” said a post on X by No…
A total of 1,091 company insolvencies were filed in Austria in the first quarter of this year, the highest in 15 years, the AKV Europa creditor association announced Wednesday. The creditor protectors assume that there will be more than 4,000 insolvencies this year and more than 7,000 insolvency proceedings, including insolvency rejections due to lack of assets, AKV said in a press release. According to the latest figures, the number of corporate insolvencies rose by 35.01% compared to the same period last year. “The mix of inflation with increased energy prices and interest rates on loans, declining construction volumes and…
Türkiye ranked seventh worldwide in health tourism with its many internationally recognized health institutions, as the sector generated a revenue of $2.3 billion in 2023, according to data released by the Trade Ministry on Monday. The “Heal in Türkiye” internet portal, which was launched with the support of the ministry and is the face of Türkiye’s health tourism sector, includes 175 institutions operating in the sector and applications to take part in the portal are increasing day by day. A statement released on the portal stated that Türkiye ranked seventh worldwide in health tourism thanks to its many accredited…
Two Palestinian brothers in the Swedish city of Malmo have begun producing a soft drink named Palestine Cola, with an aim to donate any profits to Palestinians. Israel’s brutal war on Gaza, where it has so far killed more than 32,200 Palestinians, prompted mass protests around the world and boycotts of many international brands, including top beverage and coffee companies and fast-food chains. Amid the worldwide campaign to boycott Western producers that profit from Israel’s occupation of Gaza and the West Bank or support Israel in any way, Mohamed and Ahmad Hassoun saw a market gap due to high demand…
Türkiye-based defense firm Nurol Makina has manufactured 400 armored vehicles to contribute to Qatar’s security. The leading armored land vehicle manufacturer participated in the eighth edition of the Doha International Maritime Defense Exhibition and Conference (DIMDEX 2024) in Qatar, showcasing its new tactical vehicle, named ‘Ejder Yalcin,’ which is used by the Qatar Armed Forces. Anil Karel, the deputy general manager of Nurol Makina, told Anadolu that they started contracts for the supply of vehicles to meet the needs of various security and military units in Qatar in 2017. He said they cooperated with the Qatari defense firm Barzan Holdings,…