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Business & Economy

Kerala to pursue legal steps to avail foreign aid: Vijayan

Thiruvananthapuram, Aug 30 (PTI) As Kerala picks up the pieces, Chief Minister Pinarayi Vijayan today said the government would explore the possibility of legal options to avail the funds offered to the state, including that from abroad.

His statement assumes significance in the wake of a row over the Centre's refusal to accept the United Arab Emirates' (UAE) reported offer of Rs 700 crore to the flood-hit state.

Turkish foreign minister talks to Pakistani counterpart

By Diyar Guldogan

ANKARA; 28.08.2018; AA: Foreign Minister Mevlut Cavusoglu spoke with his Pakistani counterpart Makhdoom Shah Mahmood Qureshi on Tuesday and voiced Ankara's desire to further strengthen ties with Islamabad, according to the Pakistani Foreign Ministry.

In a statement, the ministry said: "Mr. Cavusoglu expressed a strong desire of the government of Turkey to strengthen the existing close and friendly relations between the two countries.

Turkish pilot carries out first F-35 jet flight in US

By Diyar Guldogan

ANKARA; 28 Aug 2018; AA: A Turkish fighter pilot has carried out the first flight of the F-35 jet in the U.S. as part of ongoing training, the Turkish General Staff said on Tuesday.

Early July, the Pentagon said Turkish pilots and maintenance personnel were being trained on the F-35 fighter jet in the state of Arizona.

Late June, Turkey took delivery of its first F-35 fighter jet at a ceremony in Forth Worth, Texas.

Turkey plans to get 100 F-35 fighter jets in upcoming years.

A scallop skirmish erupts between French, British boats

PARIS; 29 Aug 2018; (AP) — French maritime authorities are appealing for calm after fishermen from rival French and British fleets banged their boats in ill-tempered skirmishes over access to the scallop-rich waters off France’s northern coast.

Maritime official Ingrid Parrot described a muscular confrontation between 35 French boats and five British ones in international waters on Tuesday morning as “very dangerous,” although there were no injuries. She said French maritime authorities “really hope things will calm down.”

99.3% of demonetised currency returned to banks: RBI

New Delhi, Aug 29 (PTI) As many as 99.3 per cent of the old 500 and 1,000 rupee notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned.

The "humungous task of processing and verification of specified bank notes (SBNs) was successfully achieved," it said.

US sanctions against Russia over Skripal case enter into force

WASHINGTON, August 27. /TASS/. The United States’ sanctions on Russia over Moscow’s alleged involvement in poisoning of former Russian intelligence officer Sergei Skripal and his daughter Yulia come into effect on Monday.

The US State Department claimed that by using lethal chemical or biological weapons against its own nationals Russia had violated the US Chemical and Biological Weapons Control and Warfare Elimination Act of 1991.

Despite strong economy, many Americans struggling to get by

Despite a strong economy, about 40 percent of American families struggled to meet at least one of their basic needs last year, including paying for food, health care, housing or utilities.

That’s according to an Urban Institute survey of nearly 7,600 adults that found that the difficulties were most prevalent among adults with lower incomes or health issues. But it also revealed that people from all walks of life were running into similar hardships.

Germany: Turkey’s stability important for Europe

By Ayhan Simsek

BERLIN; 26 Aug 2018; AA: Germany’s economy minister voiced support on Sunday for Turkey amid market worries after U.S. President Donald Trump slammed sanctions and raised tariffs on Turkey.

Responding to questions by citizens during an open house event of his ministry, Peter Altmaier underlined Turkey’s importance for Germany and for the European Union.

“We can have no interest in the destabilization of a country like Turkey with 80 million population, which also hosts around 4 million refugees,” he said.

Imran’s multi-pronged economic agenda to boost export, promote foreign investment: Mian Kashif

ISLAMABAD, Aug 21 (APP):Pakistan Furniture Council (PFC) Chief Mian Kashif Ashfaq welcoming Prime Minister Imran Khan’s pledged of cut spending, sweeping reforms and austerity measures hoped that the PTI incumbent government will take effective steps on all fronts and multi-pronged economic vision to enhance volume of export besides creating business friendly environment for foreign investment.

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