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
Saudi Arabia is positioning itself as a new hub in Africa’s gold trade, announcing that it is ready to begin purchasing bullion directly from Sudan in a move that could reshape long-established export routes dominated by Dubai.
Airlines have been rerouting and cancelling some flights across the Middle East as tensions ramp up between Iran and the United States, with President Donald Trump saying on Thursday the U.S. had an "armada" heading towards Iran.
Air France resumed flights to Dubai on Saturday, just one day after suspending the route, citing geopolitical tensions in the Middle East. The abrupt stop-and-go decision has raised questions about the airline’s risk assessment and consistency.
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