| | | ′Indo-Russian fighter jet better than Chinese, US aircraft′ | | NEW DELHI: The Indo-Russian fifth generation fighter aircraft (FGFA) is superior than the similar Chinese and American rival fighter jets which include the J 20 Black Eagle and the F-22 Raptor, a top Russian military commander has claimed. | | | Renault Turkey May Look at Van Production, Venture Head Says | | Renault SA, which makes seven models of passenger cars in Turkey, may look at building commercial vans at its plant in the country as competitors expand in the segment, the head of the company’s local joint venture said. “There are good examples in Turkey for production of light commercial vehicles, such as Ford and Tofas,” said Tarik Tunalioglu, chief executive officer of the Oyak-Renault Otomobil Fabrikalari AS venture, said in an interview in Istanbul today. “So we may consider” producing van | |
| Investors head to Turkey instead of Europe | | Speaking to the AA, Bekos said "Austrian investors were interested in Turkey, especially in the energy field. Both countries have deep relationship in history and an important amount of Turkish population in Austria became a bridge to make relations stronger." Bekos said that while the European countries were struggling with economic crisis, Turkey and Austria attracted more attention based on their strong economy. Bekos underlined, "that is the reason why Austrian investors have been concentrat | | | | Gulf funds to Turkey to keep flowing | | The inflow of funds to Turkey from the Gulf and other regions will be strong, Finance Minister Mehmet Şimşek told Reuters, adding that the amount of financial resources the Gulf region would yield would be too much for the region to absorb. “If oil prices maintain their current levels for the next 10 years, the Gulf countries will run a surplus of about $5 trillion. Those financial resources are too much to be invested only in the stock and equities of developed countries,” Şimşek said. | |
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| Decision day for 2nd Greek bailout despite financing gaps | | Euro zone finance ministers are expected to approve a second bailout for Greece on Monday to try to draw a line under months of uncertainty that has shaken the currency bloc, although there is work to be done to make the figures add up. | | | S&P warns Japan on debt, affirms AA- rating | | Standard & Poor′s warned on Monday it could lower Japan′s sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country′s unpopular government struggles to win support for higher taxes. | | |