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Possible successors to Strauss-Kahn as IMF head Dominique Strauss-Kahn resigned as head of the International Monetary Fund, the IMF said in a statement, as he faces charges of sexual assault and attempted rape.
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Cukurova in talks to sell Show TV stake Turkey's Cukurova Holding is in talks with two U.S. private equity firms to sell as much as 49 percent of its television channel Show TV to finance tax debts, a source close to the matter told Reuters.
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Akbank gains wings with Citi Akbank and Citi have joined forces with Wings. Akbank customers will now be able to withdraw cash from 13,000 Citi ATM’s in over 100 countries free of charge.
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IMF power shift may end Europe's hold on top job A power shift at the IMF toward emerging nations lays the ground for a fierce battle over who should succeed Dominique Strauss-Kahn and may threaten Europe's long-standing claim to the top post.
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Our neighbors have angered the ambassadors While Greece remains entangled in the economic crisis, now our neighboring nation intends to set up mini embassies with a single diplomat and undersecretary. Greek diplomats are not pleased and planned to stage a protest today.
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IMF chief's arrest may speed up succession battle The shock arrest of the head of the International Monetary Fund may force the world's power brokers into a frantic search to find his replacement.
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National tank agreement signed An agreement was signed for Turkey’s first national tank during the IDEF'11 Fair. The nationally-produced tanks will contain a system that is able to distinguish between friend or foe.
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Çalık signs on to Iraq’s electricity Çalık Enerji has laid the foundations for the Kerbela Al-Khairat power plant, which at 1,250 megawatts is one of Iraq’s largest electricity power stations. The first unit for the power plant, which will provide one fifth of Iraq’s electricity, will go into operation next year. Scheduled to be completed in two years, this new power plant will play a key role in the region’s development.
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Nissan wins bid for New York's iconic yellow cabs Japan's Nissan Motor Co Ltd won a 10-year contract to build the next generation of New York's iconic yellow taxis, Mayor Michael Bloomberg announced on Tuesday.
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NYC mayor: nice if taxis Brooklyn-made, not... With three carmakers vying for a $1 billion contract to supply New York City with new taxis, Mayor Michael Bloomberg on Friday said the choice will be based on safety, reliability and passengers' convenience.
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U.S. kills GE/Rolls Royce engine for F-35 fighter The U.S. Defense Department ended a contract with General Electric Co and Rolls-Royce Group Plc on Monday for an alternate engine for the F-35 Joint Strike Fighter.
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Turkey's Karsan offers to build taxis in Brooklyn Turkish manufacturer Karsan has promised to assemble cars in Brooklyn if it wins New York's "Taxi of Tomorrow" concession, potentially returning auto making to the city for the first time in a century.
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Matryoshka style security for Akkuyu Russia has introduced the identical nuclear power plant to be built in Akkuyu to members of Turkey’s press. With a security technique of internal layers, similar to a matroyshka doll, the nuclear power plant is designed to withstand a nine magnitude earthquake.
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Hollywood to take over Cappadocia Over the past two months both Nicolas Cage and Monica Belluci have paid visits to Cappadocia, which is gaining interest in Hollywood. Up next to come to Turkey are Ben Affleck, Meg Ryan and Al Pacino…
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