Türkiye proposed joint leadership for COP31 to end hosting standoff with Australia, sources say
Türkiye has proposed jointly leading next year’s U.N. climate summit, COP31, alongside Australia in an effort to resolve a long-running standoff ov...
The Turkish Petroleum Corporation and the Somali Petroleum Authority signed an onshore hydrocarbon exploration and production agreement in Ankara, Türkiye.
The agreement was signed following a meeting between Somalia's Minister of Petroleum and Mineral Resources, Dahir Shire Mohamed, and Turkey's Minister of Energy and Natural Resources, Alparslan Bayraktar.
"We took a new step that will take the partnership between Türkiye and Somalia in the field of energy to a new stage and reinforce our strategic cooperation," - Bayraktar stated.
Under the agreement, the Turkish Petroleum Corporation (TPAO) will conduct two- and three-dimensional seismic exploration activities across three onshore blocks in Somalia, covering a total area of 16,000 square kilometers. Drilling operations will commence based on the data gathered from these studies.
Minister Bayraktar emphasized that Turkey continues its exploration activities in Somalia not only on land but also at sea. He noted that 78 percent of the three-dimensional seismic surveys conducted by the Oruç Reis Seismic Research Vessel—deployed to the Somali coast in October—have been completed across three offshore blocks, covering approximately 15,000 square kilometers.
“We expect to complete the seismic studies in May,” Bayraktar stated. “Our decision regarding the drilling phase will be based on the data obtained from these surveys,” - he said and added that this development aims to further enhance energy diplomacy between the two nations and to assess Somalia’s energy potential through international cooperation.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
A ministerial meeting was held in the capital of Georgia, Tbilisi, for the implementation of the Agreement on Strategic Partnership in the Development and Transmission of Green Energy between Azerbaijan, Georgia, Hungary, and Romania.
U.S. Secretary of State Marco Rubio stressed the importance of securing a humanitarian ceasefire in Sudan during a call on Friday with United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
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