China extends anti-dumping duties on stainless steel imports
China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union,...
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
The loan will finance the installation of two aseptic production lines at the company’s factory in Yenice. These lines will operate without water, use dry sterilization methods that consume less energy, and minimize the use of chemicals.
The financing will also support the installation of solar panels at the factory, helping to reduce the carbon footprint of production.
Additionally, this investment will enhance the company’s competitiveness, enabling it to produce new and value-added products.
Founded in 1912 in the city of Bursa and named after the nearby Mount Uludağ, the company currently operates two production facilities—one in Çaybaşı and the other in Yenice, near Bursa.
With this new phase of our longstanding partnership with the EBRD, the company further strengthening our sustainable production capacity.
"By commissioning aseptic production lines and solar panels for our Yenice factory, we are enhancing our energy and resource efficiency while reducing our carbon footprint. We sincerely thank the EBRD for its valuable support. Together, we will continue to contribute to a greener and more sustainable future,” - said Doğan Güneş Susuz, Head of Finance at Uludağ.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
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