The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
Tags: Turkey
Turkey blocks YouTube amid new government audio file leak
Just over a week after blocking Twitter, Turkey is now moving to shut down access to YouTube in a bid to stem off the source of corruption scandal and reputation-damaging leaks related to Prime Minister Recep Tayyip Erdogan.
Spanish paper firm Saica purchased Turkish paperboard producer OMK
Zaragoza, Spain-based paper and packaging firm Saica purchased Istanbul, Turkey-based paperboard producer OMK for an undisclosed amount to establish its position in the European market.
Turks having more difficulties going online after Twitter ban
Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters reported.
UPDATE: Turkish Twitterers tweet No, You Can't Stop Us Mr. Prime Minster
Following the earlier reports on the Twitter ban in the country, Turkish Twitters found a solution allowing them to still avail the service and getting back on Prime Minister Recep Tayyip Erdogan through a series of mocking memes.
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Startupbootcamp, the pan-European accelerator, has launched in Istanbul, as investors continue to show interest in Turkey. The accelerator has already began accepting applications for its program.
Carme Trust announced the completed sale of its 1.87 million shares in Canada-based lentil and pea splitting group Alliance Grain Traders Inc (AGT) in a deal valued at $28 million.
Countries in emerging markets like Turkey and India should see the bright side of the tapering of the $85 billion-a-month money-printing program by the US Federal Reserve this month, according to a Reuters report.
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
Bank of America Merrill Lynch has dropped its offer to advise Turkey's Aselsan on a planned secondary listing. The Turkish defense contractor recently closed a deal with a Chinese firm under US sanctions.
Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
US-based private equity fund Exhilway Global has closed USD200 million for its mines and minerals private equity fund that will operate in Indonesia, Turkey, and Kazakhstan.
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
