Ben Holland News
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Temel Kotil, chief executive officer of Turk Hava Yollari AO or Turkish Airlines, suspended from duties amid dispute with Chairman Hamdi Topcu, Milliyet says citing unidentified executives at the carrier. * Decision may relate to disagreements over the reversal of a ban on hostesses wearing makeup, or over how to handle a strike threat by employees after 305 people were fired: Milliyet * Board to meet early in coming week to resolve situation: Milliyet * Co.’s financial chief Coskun Kilic may take over as acting CEO: Milliyet
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The Qantas Airways Ltd. A380 that suffered a mid-air engine explosion about 18 months ago will return to the skies tomorrow after repairs costing A$139 million ($144 million).
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President Mohamed Mursi’s decision to hold legislative elections starting next month was suspended by an Egyptian court, adding to turmoil since the 2011 uprising.
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Turkey’s current-account deficit narrowed for a sixth month in April after the lira’s decline and tighter monetary policy curbed imports.
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A multistory apartment building collapsed in the Egyptian coastal city of Alexandria, killing at least 14 people a day after President Mohamed Mursi came under fire from his critics after a train crash left 19 members of the security forces dead.
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Leaders of Israel and Hamas, who proclaimed themselves winners when a cease-fire ended the latest round of violence in the Gaza Strip, may falter when they have to flesh it out with concrete steps.
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Libya’s new leaders will remember who provided the most help in overthrowing Muammar Qaddafi, when it comes to new oil concessions. Italy, the biggest investor in the country, may find itself at a disadvantage.
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At least eight members of Syrian military intelligence were killed by a car bomb near an army building in the southern town of Sa’sa, the Syrian Observatory for Human Rights said.
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Petkim Petrokimya Holding AS, Turkey’s biggest petrochemicals maker, plans to invest as much as $8 billion by 2016 on projects including a refinery, a new port and power plants.
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Turkiye Halk Bankasi AS is close to completing the acquisition of a bank in the Balkans, which the lender views as an important strategic region, Hurriyet newspaper reported citing Chief Executive Officer Huseyin Aydin. The newspaper didn’t give further details.
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