Turkish drone magnate Baykar said on Monday that it would donate three unmanned aerial vehicles (UAVs) to Ukraine, asking that the money raised in a successful crowdfunding campaign to buy several of its famed Bayraktar TB2s be poured back into the war-torn country. The TB2 has been hugely popular in […]
Now official: Turkey’s Bayraktar TB2 spotted in military parade in Djibouti
The Bayraktar TB2 unmanned combat aerial vehicle (UCAV) Turkey exported to Djibouti was displayed for the first time at the military parade for the East African country’s 45th independence anniversary. Baykar, the company that developed the combat drone, shared the images of the UCAV during the parade via its official […]
Volatile ruble pares intraday losses as Russia slips into default zone
The Russian ruble pared early losses in volatile Moscow trade on Monday as Russia looked set for its first sovereign default in decades after some bondholders said they had not received overdue interest following the expiry of a key payment deadline a day earlier. Russia has struggled to keep up […]
Turkey’s amphibious assault ship Anadolu starts sea acceptance tests
Sea acceptance tests have started for Turkey’s multi-purpose amphibious assault ship and flagship-to-be, the TCG Anadolu, the head of the Presidency of Defense Industries (SSB) said Saturday. Ismail Demir shared the update about the TCG Anadolu, which was built at the Sedef Shipyard in Istanbul within the scope of the […]
Central banks struggle to tame high inflation
Central banks are looking to escape the high inflation swamp amid the ongoing Russia-Ukraine war and related issues, such as increasing energy and food prices. The war that began Feb. 24 has disrupted the global economic recovery after two years of the coronavirus pandemic, triggering significant increases in the prices […]
G-7 to raise $600B for project rival to China’s Belt & Road
The Group of Seven countries plans to raise $600 billion for an infrastructure program rival to China’s Belt and Road Initiative. The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing countries under a Group of Seven (G-7) […]
UK’s Johnson says he wants to protect steelmakers from energy costs
British Prime Minister Boris Johnson said on Sunday it was reasonable to consider ways of protecting British steelmakers against surging energy costs which are less of a problem for their competitors from other countries. “We have a system in the U.K. where we don’t privilege our industry in the way […]
Turkish Cargo deploys 3 new services for shipments
Turkish Cargo, the air cargo transportation operations of national flag carrier Turkish Airlines, will begin three new services, the company announced on Friday. In a statement, the freighter said it has been investing in infrastructure and technology to provide cost-saving, flexible and privileged shipment through three new services: TK Smart, […]
Fresh strikes hit UK trains for 3rd day, further strikes possible
Train stations were all but deserted across Britain as the railway system once again came to a virtual standstill on Saturday, snarling the weekend plans of millions, while the general secretary of Rail, Maritime and Transport (RMT) said further industrial action has not been ruled out. Train companies said only […]
Türk Telekom blends arts with innovative technologies
One of Turkey’s leading information and communication technologies companies, Türk Telekom, is expanding its WiFi service points all over Turkey with its” accessible communication for everyone” approach. It now offers free WiFi service for art lovers to experience innovative technologies at the Atatürk Cultural Center (AKM) and Beyoğlu Culture Road, […]