China buys U.S. soybeans after halt to U.S. purchases ordered: sources

CHICAGO/BEIJING/SINGAPORE (Reuters) - State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it...

Patronage, not idealism, stops Erdoğan signing IMF deal, ex-deputy says

Turkish President Recep Tayyip Erdoğan is not signing an International Monetary Fund accord to help the nation’s economy because of patronage and his centralisation of power, according to Aykan Erdemir, a former deputy in the...

Turkey and Greece quarrel over EastMed demarcation dispute

Ankara on Tuesday responded to a complaint from Athens concerning a map published in the Turkish government’s gazette outlining areas where Turkish Petroleum Corporation (TPAO) has applied for exploration licenses, including several within Greece’s continental shelf,...

Moody’s sees big rise in Turkey’s problem loans, slashes economy forecast

Moody’s predicted a large increase in problem loans for Turkish banks and slashed its predictions for economic activity in the country. Banks with high exposure to small and medium-sized enterprises, along with the tourism and...

Struggling to focus? What you eat for lunch could be to blame

New research suggests that eating just one meal high in saturated fat can hinder our ability to concentrate. Medically reviewed by Dr Roger Henderson and words by Annie Hayes We know they’re not the most nutritious options, but when...

How to protect your child’s eyesight during lockdown

Worried too much screen time is ruining your child's eye health? An optometrist explains how to protect your child's eye health during the coronavirus lockdown. By Janine Vali, optometrist Since the UK went into lockdown on 23...

The Big Tech Company Backing Canada’s Oil Sands

By Michael Kern As uncertainty continues to wreak havoc on the global crude market, a surprising partnership between Amazon and one of Canada’s most controversial oil companies may be forming. On May 13th, Amazon and TC Energy...

The Future Of Wind Energy

By Tsvetana Paraskova Proponents of renewable energy have faced criticism for years that while wind and solar power generate clean energy, the supply chain behind the technologies used in wind tower turbines and solar panels is...

Will America Win The Race For Nuclear Fusion?

By Anes Alic An MIT spin-out company is planning to cross the commercial nuclear fusion finish line before anyone else, and big money is backing this game-changing tech that will dictate our energy future by promising...

Offshore Oil Is On The Brink Of Collapse

By Irina Slav Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling may already be...

Will OPEC+ Extend Its Historic Production Cut Agreement?

By Nick Cunningham OPEC+ is set to bring forward its meeting to Thursday, with a short extension of the current production cuts as the most likely outcome.  Originally scheduled to take place on June 9, OPEC is...

Trump And Putin Discuss The Future Of The Oil Market

By Julianne Geiger U.S. President Donald Trump and Russian President Vladimir Putin discussed via phone the OPEC+ production cut agreements on Monday, according the  Kremlin. The discussions included acknowledgement that the current OPEC+ production cuts, of which Russia...

Cultural employment down in 2019

Cultural employment in Turkey decreased in 2019 compared to the previous year, the Turkish Statistical Institute (TÜİK) said on June 1. "In 2019, 631,000 people were included in cultural employment in Turkey with a decrease of 2.6% compared to...

Manufacturing PMI rises to 40.9 in May

Turkey’s Purchasing Managers' Index (PMI) for the manufacturing sector rose to 40.9 in May, a monthly business survey revealed on June 1. The PMI increased by 7.5 points from 33.4 in April, according to the...

Turkey’s state lenders act together to support ‘new normalcy’

The three largest Turkish state-owned banks have unveiled new advantageous loan packages in four categories in a bid to help stimulating the economy as the country relieves the effects of the coronavirus pandemic. “Our public banks have...

IMF backs revised Argentine debt offer, ‘limited scope’ for more

AFP-A revised Argentine proposal to international creditors on restructuring $66 billion in debt won backing Monday from the IMF, which warned the government had limited scope for a better offer. The government has set a...

Markets edge higher but eyes on US-China tensions

Investors are betting improvements will be sustained after China’s macro data turned the corner by Umesh Desai –Asia Times Asian markets were broadly higher but gains were capped as investors worried about tensions between US and...

The economics of America’s civil unrest

High consumption and low savings helped set the stage for the explosion of violence across America by Spengler –Asia Times Economics doesn’t explain everything. Heartbreakingly high rates of incarceration, illegitimacy, disease and poverty among black Americans...

Retailers already hit by coronavirus board up as U.S. protests rage

NEW YORK (Reuters) - Target Corp and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the coronavirus pandemic shut outlets amid protests that...

Global stocks buoyant, dollar slips as economies start to unlock

LONDON (Reuters) - World stocks hovered near three-month highs and the dollar was flat on Monday as optimism over economies opening up again boosted risk appetite, despite worries over riots in the United States...