Business

Tehran, Sept 1, IRNA – President Hassan Rouhani said on Tuesday that the government makes every effort to thwart impacts of shocks to the national economy caused by sanctions and global shutdown due to the spread of the COVID-19, on economic development of the country.

He made the remarks in a meeting of the government’s economic coordination headquarters.

The president said that government has tried to develop and implement detailed plans in the areas of macroeconomics and household economy.

31 Aug 2020; AA: Turkey will not tolerate illegal actions in the Aegean and Mediterranean regions, said the nation’s president on Monday.

"Turkey won't allow piracy or banditry in the Mediterranean or Aegean regions," Recep Tayyip Erdogan said in the Black Sea province of Giresun at an event marking the start of the fishing season.

01 Sep 2020; AA: Turkey has again extended its energy exploration in the Eastern Mediterranean through its ship the Oruc Reis, this time by 11 days, until Sept. 12.

Turkey Monday night issued a Navtex (navigational alert) announcing an extension of the Oruc Reis's research activities accompanied by the Cengiz Han and Ataman vessels.

Earlier, Turkey had announced the ship's mission would continue through Sept. 1.

01 Sep 2020; AA: Turkey is in favor of negotiations for fair share of resource in the Eastern Mediterranean, the country’s foreign minister said on Tuesday.

Addressing a joint news conference with his Algerian counterpart Sabri Boukadoum in the capital Ankara, Mevlut Cavusoglu said if armaments on the Meis island exceed limits determined by agreements, Greece will be loser.

01 Sep 2020; MEMO: Turkey’s economy contracted 9.9% year-on-year in the second quarter of this year, the country’s statistical authority announced Monday, reported Anadolu Agency.

Gross domestic product (GDP) at current prices amounted to 1.04 trillion Turkish liras ($153.18 billion) in the April-June period, according to the Turkish Statistical Institute (TurkStat).

01 Sep 2020; MEMO: French Foreign Minister Jean-Yves Le Drian and his German counterpart Heiko Maas expressed their countries’ desire to have constructive dialogue with Turkey over the Eastern Mediterranean hydrocarbon drillings, Anadolu reported yesterday.

During a meeting in Paris, Le Drian claimed that Turkey is violating the territorial waters of two EU member states; Greece and Cyprus, adding that this is “completely unacceptable”.

01 Sep 2020; MEMO: Egypt has signed its first $2 billion conventional and Islamic financing loan to support the local economy, the Egyptian Ministry of Finance announced yesterday.

In an official statement, the ministry said that the loan aimed at “financing the state’s general budget and supporting the Egyptian economy, to contribute to maintain its strong path in the face of prevailing fluctuations in global markets.”

New Delhi, Aug 31 (PTI) The Indian economy contracted by 23.9 per cent in the April-June quarter of this fiscal amid the COVID-19 crisis, official data showed on Monday.

The gross domestic product (GDP) had expanded by 5.2 per cent in the corresponding April-June period of 2019-20, according to data released by the National Statistical Office (NSO).

New Delhi, Aug 31 (PTI) The Congress Monday attacked the government over a sharp decline in the GDP numbers and alleged the NDA dispensation ignored the party's warnings and took no preventive steps to cushion the fall.

Congress leader Rahul Gandhi said the government ignored his warnings in this regard six months ago, while his party colleague and former finance minister P Chidambaram stated it will take many months before the economy turns the corner and registers positive growth.

Beijing, Aug 31 (AP/PTI) China's manufacturing activity held steady in August as domestic demand helped to offset weaker orders from exports markets that are struggling with the coronavirus pandemic, a survey showed Monday.

The monthly purchasing managers' index released by the Chinese statistics agency and an industry group declined to 51 from July's 51.1 on a 100-point scale on which numbers above 50 indicate activity increasing.