Turkey’s first indigenous automobile brand Togg is showcasing its smart vehicle in Istanbul following its debut at the 2022 Consumer Electronics Show (CES), the consortium announced Wednesday. The concept car is being exhibited to visitors at Zorlu Center shopping mall on the metropolis’ European side. Togg said in a statement that its “Concept Smart Device […]
Spain, Portugal reject EU plan to cap natural gas use
The European Union’s plan to reduce the bloc’s gas use by 15% to prepare for a potential cutoff by Russia this winter has been met with sharp skepticism by Spain and Portugal, the two governments that are usually big supporters of the bloc. Madrid and Lisbon on Thursday said they would not support the initiative […]
Europe relieved, for now, as key Russian gas pipeline resumes flow
Natural gas started flowing through a major pipeline from Russia to Europe after a 10-day outage, the operator said on Thursday, easing Europe’s supply concerns amid an economic tit-for-tat with the Kremlin over its invasion of Ukraine. But the gas flow was expected to fall well short of full capacity and the outlook was uncertain […]
EU tells members to cut gas usage amid new Putin warning
The European Union told members states on Wednesday to cut gas usage by 15% until March as part of an emergency plan after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further. Deliveries via Nord Stream 1 pipeline, which accounts for more than a third of […]
Turkey expects Black Sea grain corridor deal in writing this week
Turkey wants a possible deal on resuming Ukrainian grain exports from the Black Sea under a United Nations-led plan to be put in writing this week after a general agreement was reached last week, President Recep Tayyip Erdoğan said Wednesday. On Monday, Ankara said a second meeting between Russia, Ukraine, Turkey and the U.N. would […]
UK inflation roars to new 40-year high of 9.4% in June
Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, according to official figures that bolstered the chances of a rare half percentage-point Bank of England (BoE) interest rate hike next month. The Office for National Statistics (ONS) said annual consumer price inflation rose in June to 9.4%, […]
Netflix reports losing a million subscribers, fewer than expected
Netflix reported on Tuesday losing subscribers for the second quarter in a row as the streaming giant battles fierce competition and plateauing demand. But, the loss of 970,000 paying subscribers was less than expected, leaving the company with just shy of 221 million subscribers. The world’s largest streaming service is facing the fiercest competition ever […]
Turkey’s Anadolu Shipyard inks deal for landing crafts for African country
Turkey’s Anadolu Shipyard has signed a contract with a yet undisclosed African country for the supply of two landing ships, according to a statement by the shipyard on Tuesday. The shipyard, announcing the development through its official social media accounts said the ships developed and designed by Anadolu Shipyard are in demand by many countries. […]
Ankara hopes Washington won’t fall for lawmaker ‘game’ on F-16 sales
Turkey hopes the United States will not fall for the “game” being played by certain U.S. lawmakers against the potential sale of F-16 fighter jets, the country’s defense minister said, after the House of Representatives approved a bill creating a new hurdle to any Turkish purchase. Turkey has sought to buy 40 Lockheed Martin-made F-16 […]