Business

MOSCOW/WASHINGTON, Aug 30 (NNN-AGENCIES) — Turkish President Recep Tayyip Erdogan suggested his country may buy Russian-made Su-35 and Su-57 fighter jets instead of US-made F-35 fighters as the dispute between the NATO allies shows no sign of abating.

Erdogan said Turkey was weighing the Russian aircraft purchase amid an ongoing spat with Washington after Ankara bought a controversial missile defence system from Moscow.

KUALA LUMPUR, Aug 29 (NNN-BERNAMA) — Iran’s economy continues to be resilient despite facing various crippling sanctions from the United States (US), said Iranian Foreign Minister Mohammad Javad Zarif.

Zarif, who was in Malaysia for a one-day visit, said Iran managed to weather the sanctions by undertaking specific programmes and relying on its resources.

“Iran has programmes to make our economy resilient. We succeeded in part…we did not succeed in other parts.

MOSCOW, August 29. /TASS/: Russia and India have settled the issue of the Indian side’s advance payment for the delivery of S-400 long-range surface-to-air missile systems, the press office of Russia’s Federal Service for Military and Technical Cooperation told TASS on Thursday.

"The contract for S-400s will be implemented in compliance with the accords reached and the documents signed. The issue of making an advance payment under the contract has been resolved. We are not commenting on the details," the press office said.

29 Aug 2019; MEMO: Qatar’s reserves grew 18.82 per cent year-on-year in July, setting a new record.

According to data released by the Central Bank of Qatar today, the value of reserve assets amounted to 196.169 billion riyals ($53.92 billion) as of July.

Reserve assets rose from 165.091 billion riyals ($45.38 billion) in July 2018.

The rise is the 17th in a row since March 2018.

LONDON, Aug 29 (NNN-Xinhua) — Thousands of people gathered in city squares across Britain to protest against Prime Minister Boris Johnson’s announcement he is to suspend the House of Commons.

Protestors, waving banners, accused Johnson of staging a political coup.

Opponents of Johnson claimed his decision, sanctioned by Queen Elizabeth, is a move deliberately aimed at curtailing the ability of MPs to stop him from taking Britain out of the European Union on Oct. 31 without a deal.

SAO PAULO (Brazil), Aug 29 (NNN-XINHUA) — Brazil will keep developing its agribusiness sector with lower usage of water and land to maintain production sustainability, Agriculture Minister Tereza Cristina Dias said.

“Brazil is a powerhouse in food production, but also a power in environmental protection. We make everything we produce sustainable,” the minister said during an agribusiness event in Sao Paulo.

Islamabad, Aug 29 (PTI) Pakistan Foreign Minister Shah Mehmood Qureshi has said that no decision has been taken yet to close the airspace to India, underlining that any such step would be taken after looking into each and every aspect of the move through consultation.

Qureshi dismissed as speculative reports suggesting that the airspace was being shut for India, the Dawn reported.

New Delhi, Aug 28 (PTI) The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers.

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi.

BEIJING (AP) — Asian stocks declined Thursday following Wall Street’s rebound amid uncertainty about U.S.-Chinese trade tension.

Market benchmarks in Shanghai, Tokyo and Hong Kong declined.

Investors were looking for news about the outlook for U.S.-Chinese trade negotiations following confusion over President Donald Trump’s conflicting statements about the status of talks.

Negotiators are due to meet in September but there has been no sign of progress. Investors worry the spiraling tariff war over trade and technology could tip the global economy into recession.

ANKARA, Turkey, Aug 28 (NNN-ANADOLU) – A Turkish senior trade official, announced that, Turkey and Mexico have agreed to restart negotiations on Free Trade Agreement.

A bilateral meeting, recently held with Luz Maria de la Mora, the undersecretary for Foreign Trade of Mexico, has been “very fruitful,” said Gonca Yilmaz Batur, Turkey’s deputy minister of trade, at the Turkey-Mexico Trade and Investment Seminar.