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Turkish lira weakens after Turkey launches Syria ground assault

The Turkish lira weakened against the dollar Thursday as investors fretted about negative international reaction to a ground operation launched by Turkish troops against the Kurdish militia in northeast Syria overnight. The lira weakened to 5.88 against dollar from a close of 5.8740 a day...

Turkish Assets Fall as Erdogan Readies Incursion Into Syria

The lira took a hit as investors braced for a Turkish military operation in northern Syria. The currency weakened as much as 1.1% to breach 5.75 against the dollar. It pared losses to 0.8%, trading at 5.7458 as of 11:31 a.m. in Istanbul, still leading declines among emerging-market...

Syrian refugees boost economic growth in Turkey

Often considered in the short term as a factor of aggravation of unemployment, Syrian refugees in Turkey can contribute to accelerate the pace of economic growth of the country.  According to the latest Femise report of September FEM43-05, "The long-term impact of Syrian refugees...

Spain to help tourism sector cope with Thomas Cook failure

The Spanish government said on Thursday it would pump hundreds of millions of euros into the country's tourism sector to help it deal with the fallout from travel giant Thomas Cook's bankruptcy. The move comes days after the Spanish hotel federation warned that hundreds of hotels faced...