Turkey got a $1b foreign cash boost from China in June

Istanbul China’s central bank transferred $1 billion worth of funds to Turkey in June, Beijing’s biggest support package ever for President Recep Tayyip Erdogan delivered at a critical time in an election month. The inflow marks the first time Turkey received such a substantial amount under the lira-yuan swap agreement with Beijing that dates back […]

Serena again tops Forbes list of highest-paid sports women

Washington: US tennis superstar Serena Williams topped Forbes magazine’s list of the highest paid women in sports for the fourth straight year on Tuesday. The business publication calculated that the 23-time Grand Slam singles champion earned $29.2 million (Dh107.2 million) in the 12-month period ending June 1 — with just $4.2 million of that coming […]