Turkey Allocates $15 Billion to Businesses Hurt by Coronavirus

Sign up here for our daily coronavirus newsletter on what you need to know, andsubscribe to our Covid-19 podcast for the latest news and analysis.

Turkey allocated about 107 billion liras ($15 billion) to businesses, mostly to small- and medium-sized enterprises, as part of efforts to prop up the economy, Finance Minister Berat Albayrak said.

The total amount to counter the impact of the coronavirus reached 200 billion liras, including money to about 4 million citizens, Albayrak said in a Twitter video message.

Albayrak said he will lead an extended financial stability board meeting next week.

36,188 in U.S.Most new cases today

-17% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23

-1.​132 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23

-0.​5% Global GDP Tracker (annualized), March


Turkey Widens Virus Response With Central Bank’s Bond Buying

Turkey has reported more than 100,000 cases of the coronavirus, with 2,600 deaths.

Source: Read Full Article

Related News:
  1. South Africa Car-Part Makers Turn to Virus Needs to Combat Slump
  2. Netflix Password Sharing Scheme Leaves Users Confused
  3. Senators Warren, Smith and Markey urge Biden to extend federal student loan pause to March 31, 2022
  4. PA company sells t-shirts made from 'growing and sewing' US farmed cotton
  5. Cory Hardrict Sets ‘Conmen’ As First Feature To Be Produced Under His Hardcor Films Banner; More Than A Quarter Of $100M Capital Raise Completed For Upcoming Slate
  6. The Great Resignation: Why millions of workers are quitting
  7. Tokyo’s Homeless Seek Olympic Athletes Village as Shelter