Needs Map: A new model helps small businesses stay afloat

The Needs Map is a five-year-old website that aims to bring together those in need with those who can help. With the recent financial and infrastructural help of Mastercard Turkey, they are setting out on an ambitious project.

Turkish lira leads gains across Europe, Middle East, Africa

Turkey’s central bank scraps rule that nudged banks to ramp up cheap lending, a step analysts see as a positive shift.

Australia-China relations in freefall as Beijing hikes wine tariffs

China says its move comes in response to "substantive harm caused to the relevant domestic wine industry" while Australia expresses disappointment over new tariffs on its wine.

UK to launch new competition regime to limit Google, Facebook dominance

There is a growing consensus that the concentration of power in a small number of companies was curtailing growth, reducing innovation and having negative impacts on the people and businesses, says Britain's Digital Secretary Oliver Dowden.

Turkey, Qatar ink new cooperation deals

Over 530 Turkish companies operate in Qatar where 179 Qatari companies do business in Turkey.

Airlines vow to keep fighting challenges posed by pandemic

Battered by the coronavirus pandemic and struggling to convince governments to replace quarantines with testing, airlines turn to veteran IAG boss Willie Walsh to lead industry association IATA from next April.

Covid-19 will cost airlines $157 billion, says the IATA

As the coronavirus pandemic’s second wave hit countries around the world, the global airline sector will lose a total of $157 billion this year and next, the IATA said.

Erdogan calls on Islamic nations to work together to ease currency pressure

Speaking during a virtual meeting of the Organisation of Islamic Cooperation, Turkey's president said member states have been working on cooperating to solve economic problems for some time, but are yet to achieve the coordination they want.

South Korea slaps Facebook with fine for sharing user info without consent

The country's agency for protecting personal information found that the personal information of least 3.3M of the 18M Facebook users in South Korea were provided to operators other than Facebook without their knowledge.

China accuses India of 'violating market principles' in banning apps

Beijing lashed out at India after it banned another tranche of Chinese apps for national security reasons, the latest sore point between the two nuclear-armed neighbours.

Bitcoin rallies to all-time high after hitting over $19,000

Its rally this year has prompted some investors to claim the cryptocurrency could more than quintuple in price to as high as $100,000 in a year, drawing eye rolls from sceptics who say it is a purely speculative asset.

US shutdowns cost $169B but saved 29,000 lives

Researchers in Germany and France have reached a sobering calculation that US closures saved lives – at a high cost to economy.