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Russia's manufacturing growth hits 18-month high, PMI shows

Russia's manufacturing growth hits 18-month high, PMI shows

MOSCOW, Aug 3 (Reuters) - Russia's manufacturing sector expanded at its quickest pace in 18 months in July as stronger domestic demand lifted output and new orders, a business survey showed on Monday.

China factory growth slows to 4-month low in July, survey shows

China factory growth slows to 4-month low in July, survey shows

By Liangping Gao and Ryan Woo BEIJING, Aug 3 (Reuters) - China's manufacturing sector expanded at its slowest pace in four months in July, as output and new orders rose more slowly, while export orders returned to growth after a contraction, a private-sector survey showed on Monday.

Turkey and Iraq Extend Oil Pipeline Deal, Ensuring Continued Exports

Turkey and Iraq Extend Oil Pipeline Deal, Ensuring Continued Exports

Turkey and Iraq have reached an agreement to extend an expired oil pipeline deal by one year, allowing continued crude oil exports through the Kirkuk-Ceyhan pipeline. This pipeline, which stretches 986 kilometers from Kirkuk to Turkey's Mediterranean port of Ceyhan, bypasses the Strait of Hormuz, a critical route often affected by geopolitical tensions. The interim agreement secures a reserved export capacity of up to 750,000 barrels per day, contingent on security improvements and infrastructure developments in Iraq. The Turkish Energy Ministry has not commented on the deal, but Turkish Energy Minister Alparslan Bayraktar confirmed the flow capacity. This extension follows a history of disruptions, including a legal dispute resolved by the International Court of Arbitration, which ordered Turkey to pay Iraq $1.5 billion for unauthorized oil shipments.

President Trump Announces Agreement for Disarmament of Hamas, Paving Way for New Governance in Gaza

President Trump Announces Agreement for Disarmament of Hamas, Paving Way for New Governance in Gaza

President Trump announced an agreement for the complete disarmament of Hamas, marking a significant step towards establishing a new Palestinian government in Gaza. The announcement follows negotiations involving mediators from Egypt, Qatar, and Turkey. The agreement outlines a phased disarmament process, after which Israeli forces will withdraw, and an International Stabilization Force will collaborate with a new Palestinian police force to ensure safety in Gaza. Hamas has agreed to the deal, which includes provisions for addressing its weapons and the gradual withdrawal of Israeli forces. The text of the agreement has not been publicly released, and there has been no immediate response from Israel. A meeting of Gaza truce mediators is expected to take place soon in Cairo to discuss the implementation of the second phase of the ceasefire plan.

India's July factory growth near five-year low on weaker demand, PMI shows

India's July factory growth near five-year low on weaker demand, PMI shows

BENGALURU, Aug 3 (Reuters) - India's manufacturing sector expanded at its slowest pace in nearly five years in July as overall demand remained soft while a third consecutive month of slowing job creation also signalled a loss of momentum, a survey showed.

President Erdoğan Announces 15,000 Rental Social Housing Units in Istanbul for Low-Income Families

President Erdoğan Announces 15,000 Rental Social Housing Units in Istanbul for Low-Income Families

President Recep Tayyip Erdoğan has announced a new social housing initiative in Istanbul, where 15,000 rental units will be made available to low-income families starting in September. The announcement was made during the AK Parti Istanbul İl Danışma Meclisi meeting. The housing units will be offered at below-market rates, and the selection process will be conducted through a lottery system. The rental agreements will last for three years, after which the units will be reassigned to new tenants. This initiative is part of a broader effort to provide temporary housing solutions and address urban housing challenges in Istanbul.

Turk-Is Moves to New Headquarters with Support from Erdogan

Turk-Is Moves to New Headquarters with Support from Erdogan

Turk-Is, Turkey's largest labor confederation, has moved from its 65-year-old headquarters in Ankara's Kizilay district to a new building in Mustafa Kemal Mahallesi. The move was facilitated by President Erdogan, who provided land for the new headquarters following a request from Turk-Is President Ergün Atalay. The new building's opening was marked by a ceremony attended by workers and their families, featuring speeches, prayers, and traditional rituals. The relocation signifies a significant upgrade for Turk-Is, positioning it in a strategic area surrounded by key government and military institutions.

Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures

Iraq and Turkey strike a 1-year oil pipeline deal to boost exports during ongoing Hormuz closures

Iraq and Turkey have signed a deal to transport Iraqi crude oil through a pipeline to Turkey's port of Ceyhan

Azerbaijan Airlines Expands Flights to Istanbul and Tbilisi Amid Rising Demand

Azerbaijan Airlines Expands Flights to Istanbul and Tbilisi Amid Rising Demand

Azerbaijan Airlines (AZAL) is increasing its flight frequency from Baku to Istanbul, Turkey, and Tbilisi, Georgia, in response to heightened passenger demand. The airline will boost its weekly flights on the Baku-Istanbul route from 17 to 21 between August 4 and September 30. Similarly, flights between Baku and Tbilisi will increase from 42 to 46 weekly from August 2 through August 30. This expansion aims to accommodate the growing number of travelers and provide more flexibility in travel planning. Tickets for these additional flights are available through AZAL's official channels, including their website and mobile application.

Turkey's Strategic Role in NATO Highlighted at Ankara Summit

Turkey's Strategic Role in NATO Highlighted at Ankara Summit

Turkey's growing influence within NATO was a focal point at the recent summit in Ankara. The country, once seen as a challenging partner, is now recognized as a strategic player due to its military capabilities, geographic position, and role in energy security. Turkey leads NATO's naval task force in the Black Sea and maintains the alliance's second-largest land army. The summit addressed strengthening security cooperation, expanding defense production, and adapting to future threats, with Turkey positioned as a key partner in these efforts.

Private sector wage gains lift US labor costs in Q2, underlying trend benign

Private sector wage gains lift US labor costs in Q2, underlying trend benign

By Lucia Mutikani WASHINGTON, July 31 (Reuters) - U.S. labor costs increased slightly more than expected in the second quarter as private-sector wage growth picked up, though the underlying trend remained benign and suggested the jobs market was not driving inflation.

First Survey of Glacier Ice on Mount Ararat Conducted by German-Turkish Team

First Survey of Glacier Ice on Mount Ararat Conducted by German-Turkish Team

A German-Turkish research team has conducted the first-ever survey of the glacier ice on Mount Ararat in eastern Turkey. The team, working at over 5,000 meters above sea level, aimed to determine if the ice preserves a unique archive of climate and cultural history. Using ground-based radio echo sounding and seismic techniques, they mapped the ice thickness and subglacial bed. The survey is part of a larger project to recover ice cores that could provide valuable data on past climates and human activity. The ice cap is rapidly shrinking due to global warming, making this research timely and critical.