The foiled coup attempt seeking to unseat the government of President Recep Tayyip Erdogan has cost the Turkish economy 300 billion lira ($100 billion/90 billion euro), the trade minister was quoted as saying on Tuesday.
Customs and Commerce Minister Bulent Tufenkci was quoted as saying by the Hurriyet newspaper the heavy price tag may even go up but insisted that Turkey's economic fundamentals were solid.
Full StoryGerman flag carrier Lufthansa warned Tuesday that recent terror attacks in Europe were having a "tangible impact" on business, with second-quarter profits down 17 percent.
Net profits between April and June came in at 437 million euros ($488 million), the group said, slightly below analysts' expectations, who had forecast a figure of 443 million euros.
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Asian currencies slumped Tuesday as an overnight selloff in oil hit sentiment, while the Australian dollar dropped after the central bank slashed interest rates to a record low.
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Ever since the IMF participated in the first Greek bailout six years ago, the stinging suspicion has been that the Fund is under Europe's thumb.
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Air France canceled 150 flights in and out of Paris on Monday on the sixth day of a strike by flight crew, airport sources said, as unions warned of more disruption at the height of the holiday travel period.
Full StoryQatar Airways exploited the post-Brexit slump in shares at British Airways owner IAG to increase its shareholding to 20 percent, the Gulf carrier announced on Monday.
In a statement, Qatar Airways boss Akbar Al-Baker said his company had raised its 15.01 percent stake to 20.01 percent because of the current state of the market.
Full StoryOil prices edged up in Asia on Monday as the dollar weakened while bargain-buyers moved in following a recent sell-off but analysts warned a global supply glut and weak demand will temper gains.
Prices hit three-month lows last week after U.S. data showed an unexpected increase in commercial stockpiles of oil and gasoline, adding to worries about a global crude supply glut.
Full StoryChinese ride-sharing giant Didi Chuxing will take over the China operations of its US rival Uber, it said Monday, ending a ferocious battle for market share that cost both firms billions.
In exchange for the Uber China assets, Uber and its Chinese partners will receive shares equivalent to 20 percent of Didi Chuxing, a statement said.
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Thousands of people faced flight cancellations in France on Sunday, the fifth day of a strike by Air France flight crew at the height of the holiday travel period, the airline said.
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New Delhi was working Sunday to feed more than 10,000 Indian laborers stranded in the Gulf with no wages after losing their jobs, in what Foreign Minister Sushma Swaraj called a "food crisis."
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