Turkey will never allow attempts to “extort” natural resources in the eastern Mediterranean, President Recep Tayyip Erdoğan said on Nov. 4. “We will never allow attempts of extorting natural resources in the eastern Mediterranean by excluding us and the Turkish Republic of Northern Cyprus,” Erdoğan said at the delivery ceremony of the TCG Burgazada, the third ship of Turkey’s first indigenous warship program MİLGEM, to the Turkish Naval Forces in Istanbul. Source: Hürriyet Daily News
Christine Lagarde has stepped down as managing director of the International Monetary Fund, saying she now has more clarity on her nomination to be the next head of the European Central Bank. Source Deutsche Welle
German industrial activity is sluggish and recent data point to slower growth in the service sector, the German Economy Ministry said, adding this suggested Europe’s largest economy would experience a weak general economic trend in the second quarter. German industrial activity is sluggish and recent data point to slower growth in the service sector, the German Economy Ministry said, adding this suggested Europe’s largest economy would experience a weak general economic trend in the second quarter.
- China’s quarterly economic growth fell to 6.2%, the slowest pace of expansion since 1993.
- Analysts say a fierce trade dispute with the U.S. is adding to other factors weighing on the country’s expansion.
- President Donald Trump and Chinese leader Xi Jinping agreed late last month to resume talks in hopes of clinching a trade deal.
Source CBS
