CORFU, Greece, Sept 23- Holidaymakers hit by the collapse of Thomas Cook, the world's oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two. "From Thomas Cook we didnt get anything. "Everyone in the hotel here is shocked, and everyone in this hotel has come with...
CORFU, Greece, Sept 23- Holidaymakers hit by the collapse of Thomas Cook, the world's oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two. "From Thomas Cook we didnt get anything. "Everyone in the hotel here is shocked, and everyone in this hotel has come with...
The head of Turkey's Hoteliers Federation said the collapse means Turkey could see 600,000-700,000 fewer tourists annually. Affiliated Turkish businesses risk losing "a few hundred million pounds" owed to it by Thomas Cook, he added. Thomas Cook owes Tunisian hotels 60 million euros for stays in July and August, Tourism Minister Rene Trabelsi told Reuters on...
ISTANBUL, Sept 23- The head of Turkey's Hoteliers Federation said on Monday the collapse of British tourism agency Thomas Cook means Turkey could see 600,000-700,000 fewer tourists annually. In an interview, Osman Ayik told Reuters there are currently 45,000 tourists in Turkey that came from the United Kingdom and the rest of Europe via Thomas Cook.
*Thomas Cook enters compulsory liquidation. British Prime Minister Boris Johnson pledged to get stranded British travellers home and revealed that the government had rejected a request from Thomas Cook for a bailout of about 150 million pounds because doing so would have set up a "moral hazard". "It is a very difficult situation and obviously our thoughts are...
ISTANBUL/ ANKARA, Sept 20- Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters. Ankara's most aggressive move yet to cure a hangover from Turkey's 2018 currency crisis has left banks...
CAIRO, Sept 22- Five Western countries including the United States, as well as Turkey and the United Arab Emirates, support Libyan state oil firm NOC as the sole legitimate authority for the country's energy sector, a joint statement said on Sunday. It was signed by the United States, the UK, Germany, France, Italy, the UAE and Turkey, it said. Haftar's forces have been...
LONDON, Sept 22- The British government has plans in place to bring home stranded holidaymakers if Thomas Cook goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world. Running hotels, resorts, airlines and cruises, Thomas Cook has 600,000 customers on holiday, meaning governments and insurance companies...
LONDON, Sept 22- Bosses at Britain's Thomas Cook were meeting lenders and creditors on Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world. Running hotels and resorts, airlines and cruises, Thomas Cook has 600,000 customers on holiday, meaning governments and...
LONDON, Sept 22- Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Primark, whose trendy clothes at rock-bottom prices have taken UK shoppers by storm, opened in Boston in 2015 and...
LONDON, Sept 20- This year's fall in borrowing costs and renewed stimulus from central banks is lifting emerging markets' prospects but the outlook is not universal: concerned by Argentina's meltdown, investors are checking where the next crisis might lurk. Apart from Argentina and Venezuela, Lebanon and Zambia are the only other countries whose...
ISTANBUL/ ANKARA, Sept 20- Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters. Ankara's most aggressive move yet to cure a hangover from Turkey's 2018 currency crisis has left banks...
*China cuts new benchmark rate for a second month. Sept 20- A surge in Indian shares led emerging markets higher on Friday, after the government announced deep cuts in corporate taxes to revive flagging growth, while a widely expected domestic interest rate cut from China added to the chipper mood. Adding to stimulus hopes was a cut in China's key domestic lending...
SYDNEY, Sept 20- An Australian court has found a man guilty of planning to blow up an Etihad Airways flight from Sydney to Abu Dhabi nearly two years ago with a bomb hidden in a meat grinder, a spokeswoman for the New South Wales Supreme Court said on Friday. Police had accused the man, Mahmoud Khayat, and his brother Khaled Khayat of planning two terrorist attacks: the...
*USDA fails to report any new soy purchases by China. Midwest weather that has helped accelerate crop maturity in corn and soybeans and worrisome dryness in South America, where farmers in Argentina and Brazil are preparing to plant their next crops. Chicago Board of Trade November soybeans fell 5 cents to settle at $8.88-3/ 4 a bushel, while December corn rose 3-1/...
ANKARA, Sept 17- Turkey's lira firmed on Tuesday, outperforming other emerging market currencies, after a Reuters report that Saudi Arabia's oil output will return to normal levels quicker than expected following the weekend attacks on its production facilities. Turkey's lira firmed to as far as 5.6950 against the U.S. dollar following the report, from around...
*Turkey nearly completely reliant on imports for energy. ISTANBUL, Sept 17- The weekend attack on Saudi oil production facilities could delay Turkey's efforts to contain inflation and to finally leave a recession behind if a supply shock means global oil prices stay elevated, analysts said. Turkey, a major emerging market, imports almost all of its energy needs.
The attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was "locked and loaded" to hit back. Speaking to reporters in an airplane on their way back to Moscow from Ankara on Monday evening, Novak said he did not...
ISTANBUL, Sept 16- New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from U.S. and EU tariffs, Turkey's Steel Exporters' Association chief said. Turkey's steel sector has come under pressure from an economic slowdown which has taken its toll on the...
*Oil importers Turkey, India see currencies weaken. Yemen's Iran- aligned Houthi group claimed responsibility, but the United States blamed Iran. President Donald Trump said Washington was "locked and loaded" to retaliate.
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