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European Central Bank cuts interest rate by 25 basis points

ANKARA: The European Central Bank (ECB) on Thursday cut interest rate by 25 basis points, meeting market expectations. Officials led by President Christine Lagarde cut key deposit rate by a quarter-point to 3.50%. The move followed a pause in July after a first cut in June. The ECB also lowered

Chinese Premier Li in UAE to ‘solidify’ bilateral ties

ISTANBUL: Chinese Premier Li Qiang will hold bilateral talks in Abu Dhabi on Thursday to ‘solidify’ bilateral relations with the United Arab Emirates (UAE). Li arrived in the Gulf nation late Wednesday after concluding his two-day trip to Saudi Arabia. ‘The two countries have maintained close communication and coordination on

US and Cyprus deepen defence cooperation in Third Security Dialogue

Ways to deepen cooperation on security and enhance stability in the wider region were discussed on Wednesday in Nicosia during the 3rd Defence and Security Dialogue between the Republic of Cyprus and the United States. According to a written statement from the Cypriot Ministry of Defence, the US delegation, led