German parliament approves €86B third Greek bailout

Bundestag approves conditional bailout program for Greece, despite resistance within Chancellor Merkel's Christian Democratic blocBERLIN - The German parliament has approved a third...

Eurozone economy sluggish in second quarter

Slow growth in Germany, no growth in France, weak growth in Italy and Netherlands; eurozone inflation at 0.2 percentANKARA - Economic growth in...

Ugandan government admits World Bank project troubles

World Bank cancelled $265 million project for alleged sexual abuse of children, social issues and environmental concernsBy Halima AthumaniKAMPALA - The government of Uganda...

US Treasury calls for Greek debt restructure

Treasury Secretary Jacob Lew says Greece needs 'sustainable debt path'ANKARA - U.S. Treasury Secretary Jacob Lew on Wednesday called on Greece's European creditors...

Turkish central bank to hold rates: Economists

At bank's policy meeting on June 23, economists say key rate will stay at 7.5 percentANKARA - The Turkish central bank is expected...

Nigeria: Suspension of STANBIC IBTC officials annulled

Charges brought by regulator against Nigeria's largest investment bank were unfounded, central bank saysLAGOS, Nigeria - Nigeria's central bank (CBN) has overruled the...

Financial conditions less supportive of US growth: Fed

Dollar appreciation, falling exports, global economic turmoil, issues of concern for Fed chair NEW YORK -- Financial conditions are less supportive for U.S....

Consumers must be top priority: Eur. Energy Regulators

- Energy consumers must be top priority for energy regulators, says VP of Council of European Energy Regulators ISTANBUL - Consumers must be top priority...

Varoufakis: Walking the red line

Outspoken critic of austerity measures imposed by bailout terms comes ever-closer to compromise. ANKARA - Although Greek Finance Minister Yanis Varoufakis on Monday told the...

Brazil's Azul, JetBlue owner wins majority stake in TAP

Gateway group to hold 61 percent stake in Portugal's national airlineBy Ben TavenerSAO PAULO – A consortium led by the founder of Brazil's Azul and...

French Lactalis acquires Turkish food giant Ak Gida

- Multinational French food producer acquires Turkey's 33 largest industrial corporation. ANKARA - Ak Gida, one of the largest food producers in Turkey, has been sold to Laval,...

EU move to end roaming charges may be futile: analyst

While the European Parliament has voted to end all roaming charges, an analyst believes European telecom companies will not sufferBy Andrew Jay RosenbaumANKARA ...

Ethiopia: Exports decline as commodity prices fall

Coffee exports continued to be strong, earning $780.2 million in the past budget yearBy Abebech TameneADDIS ABABA, – Ethiopia’s export revenue declined to...

UPDATE – US stocks close nearly 400 points down as oil falls

Dow sinks nearly 540 points in afternoon trading before mild recoveryADDS CLOSING TOLLSWASHINGTON – U.S. stocks nosedived Friday as the Dow fell...

Russia: Risks grow as economy falters

-Slower growth for the coming two years, rising inflation and a weaker ruble are serious risks for the near future, experts sayby Zaki Shaikh...

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