Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Istanbul, Turkey, BYD Atto 3 © Mena Today
Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Discussions are underway with other Chinese carmakers for new investments, the sources added, requesting anonymity.
Citing two people briefed on the matter, Reuters reported on Thursday that China's commerce ministry recently warned the country's carmakers of the risks of making auto-related investments overseas.
Reporting by Nevzat Devranoglu and Huseyin Hayatsever
The United Arab Emirates' withdrawal from OPEC weakens the group's control over global oil markets and potentially risks widening a rift with Gulf neighbour Saudi Arabia, the de facto leader of the crude producers' organisation.
Russia plans to stay in OPEC+ despite a decision by the United Arab Emirates to leave, the Kremlin said on Wednesday, expressing hope that the alliance of oil producers would continue to operate amid turmoil in the global energy market.
Lebanese President Joseph Aoun said Wednesday that Lebanon is waiting for the United States to set a date for the start of formal negotiations with Israel, as the two countries navigate a delicate diplomatic process that has already yielded two rounds of preparatory talks in Washington.
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