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Daron Acemoglu Not Offered A Post in Turkish Government

Turkish journalist Fatih Altayli denies reports that Daron Acemoglu –  a Turkish born economist of Armenian descent –  has been offered a post in Turkey’s new government. According to him, no one from the Turkish government has contacted the world famous economist despite rumors that Turkish President Recep Tayyip Erdoğan has been considering to propose him to take the reins of Turkey’s economy in his new cabinet. “Daron Acemoglu does not even know about such a thing,” the Haberturk columnist writes.

Turkish Airlines Signed An Agreement with American Express

Turkish Airlines signed a significant deal with American Express Global Business Travel (Amex GBT), one of the world's leading agencies for corporate travel. With this agreement, signed by Turkish Airlines Chairman of the Board and the Executive Committee, M. İlker Aycı, and Amex GBT’s Board Chairman, Greg O’Hara, within today, Turkish Airlines expands its existing collaboration with AMEX to a global partnership, which was on regional scale between 2014-2017 and including just Europe, North America and Asia / Pacific regions. The global carrier who has added the "South America" region to the new joint service area with Amex GBT, will also become one of the airlines supported by Amex GBT at the top level, within the scope of this expanded agreement.

American Varroc Lighting Acquires Turkish Automotive Firm

Exterior vehicle lighting specialist U.S.-based Varroc Lighting Sytems has acquired Istanbul-based Sa-ba Automotive, a statement confirmed Monday. "Through Sa-ba Automotive, Varroc Lighting gains valuable manufacturing and production capacity with a 10,000-square-meter manufacturing and technology center near Istanbul, and a new plant under construction in Dimitrovgrad, Bulgaria," the statement said. The terms and conditions of the acquisition, however, were not disclosed. It also noted that the 20,000-square-meter Bulgaria plant will give Varroc Lighting expanded and scalable production capacity for its European customers.

What Do Turkey's 2018 Election Results Mean for US?

By Ali Cinar -  The June 24 presidential and parliamentary elections marked the beginning of a new era in Turkey’s administrative system, moving to an executive presidential one, at a time when President Recep Tayyip Erdoğan and the current government are under criticism from the outside world for taking steps back from democratic gains. If I had to sum up the Turkish election in one word it would be “democracy.” The voter turnout rate was 87 percent and five different political parties passed the 10 percent threshold needed to enter parliament.

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