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20199 articles published since 08 Mar 2022

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Erdogan ally points to 'painful' Turkish rate hike
Erdogan ally points to 'painful' Turkish rate hike
Business and Economy

Turkish President Recep Tayyip Erdogan's influential partner in his ruling coalition warned Tuesday the government needs to take "painful" economic recovery measures that include interest rate hikes. Both have promoted conventional policies that include interest rate hikes to combat inflation -- the opposite of the approach long backed by Erdogan.

EU proposes 50 bn-euro package to support Ukraine
EU proposes 50 bn-euro package to support Ukraine
Business and Economy

Brussels on Tuesday asked EU member states to back a 50-billion-euro ($55 billion) package to support Ukraine over the next four years, as part of a boost to the bloc's budget. As part of its budget review, Brussels is also asking for 15 billion euros more to help manage immigration and 10 billion euros to subsidise key industries.

China urges closer ties as Germany looks beyond Beijing
China urges closer ties as Germany looks beyond Beijing
Business and Economy

China's premier on Tuesday urged closer cooperation with Germany to shore up a struggling global economy, at a time when the European export powerhouse is seeking to reduce its reliance on the Asian giant. - Mistrust - Export giant Germany, by virtue of its economic might, has always enjoyed special ties with China.

Hyundai raises annual EV sales goal to two million by 2030
Hyundai raises annual EV sales goal to two million by 2030
Business and Economy

Hyundai Motor said Tuesday it aims to sell two million electric vehicles a year by 2030, raising its target from the 1.87 million it set last year as the market for clean-energy vehicles continues to soar. "With global EV demand growing faster than market forecasts, Hyundai Motor is raising its 2030 sales target from 1.87 million units to two million units," it added.

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