Turkey would ban layoffs for three months under draft legislation aimed at protecting those lacking job security and mitigating the blow to the economy from the coronavirus outbreak, two senior officials told Reuters.
Ideas that a few months ago would have seemed anathema to President Recep Tayyip Erdogan are gaining traction as Turkey runs dangerously low on foreign-currency reserves and its economy succumbs to a recession amid the coronavirus pandemic.
Turkey’s confirmed cases of coronavirus increased by 4,117 in the last 24 hours, and 87 people have died, taking the death toll to 812, the health ministry announced on Wednesday.
Officials say an improvised explosive device went off on a road in southeast Turkey, killing five forestry workers traveling to work
The investor Warren Buffett once pithily remarked, “Only when the tide goes out do you discover who’s been swimming naked”.
President Recep Tayyip Erdogan has stepped up measures to stem rapidly growing coronavirus cases in Turkey but his refusal to impose a full lockdown to keep the economy afloat is drawing criticism.
TURKEY
Turkey’s confirmed cases of coronavirus increased by 3,892 in the last 24 hours, and 76 people have died, taking the death toll to 725, health minister announced on Tuesday.
Turkey’s parliament discussed a prisoner release law on Tuesday which aims to ease overcrowding in jails and protect detainees from the coronavirus, but which critics slam for excluding people jailed on terrorism charges in a post-coup crackdown.
Geneva-based Bank Syz plans to expand the business in several cities, a year after it reorganized the company and despite the crisis prompted by the coronavirus, as CEO Yvan Gaillard told finews.ch in an interview.