Shaky
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Lake Van Monster now becoming a movie star
ISTANBUL - First reportedly spotted in eastern Turkish city of Van in the 1990s, the controversial 'Lake Van Monster' is set to hit the silver screen for the first time. Directed by Bünyamin Yaşar, the eponymous film is expected to be finished in 25 days and released in theaters in September.
Clashes, protests in Kashmir mar Indian voting
SRINAGAR, India - Scores of protesters clashed with government troops in Indian Kashmir's main city yesterday as residents went to the polls in the disputed Himalayan region, the country's capital and other key states in a monthlong parliamentary election.
India votes, no clear winner seen
NEW DELHI - India starts its monthlong election that will see hundreds of millions of people cast their ballots in the world’s biggest democracy exercise and one likely to end in stalemate. As the insurgents launch attacks, the vote marks a pivotal time, with a once red-hot economy feeling the strain of the crisis and ties with Pakistan at a new low.
Will the road pass through Ankara?
"If President Obama thinks that Turkey is such an important factor, why does he apply pressure on us to get her into the European Union, why does he not get her into the U.S?" "If President Obama thinks that Turkey is such an important factor, why does he apply pressure on us to get her into the European Union, why does he not get her into the U.S?"
Protests in Pakistan descend into violence
LAHORE - Pakistan opposition leader Nawaz Sharif defies what he says is an ’illegal’ house arrest order as he leaves his house to join an opposition rally against the government. These recent developments further raise concerns over the stability of the nuclear-armed country
G-20 countries pledge sustained action on global financial crisis
Finance officials from rich and developing countries pledged Saturday to do "whatever is necessary" to fix the global economy, including supervision of freewheeling hedge funds and restoring bank lending by dealing with the shaky securities burdening their finances.
World’s richest on shaky ground
ISTANBUL - The global crisis does not turn a blind eye to the wealthy who manage billions of dollars around the globe, shows the annual Forbes list. Along with many global counterparts, Turkey’s wealthy also lost a big chunk of their income last year, says the ’World's Billionaires 2008’ report.
Swiss bank UBS facing a huge loss
ZURICH - The losses of Switzerland’s UBS reach 8.1 billion Swiss francs ($6.9 billion) during the fourth quarter of 2008 due to trading losses and leveraged loan impairments. The bank, which will refocus on domestic markets, also reveals plans to lay off 2,000 of its employees
Turkey next stop for top US envoy
ANKARA - Officials say FM Babacan will not be returning from Davos, where he is attending the World Economic Forum, until Sunday and on the basis of information provided by sources, the Hürriyet Daily News & Economic Review learns the FM is likely to meet with Mitchell in Istanbul on Sunday.