ACE buys upmarket Chubb in biggest ever insurance takeover

- Swiss insurance giant ACE Ltd will buy upmarket property insurer Chubb Corp for $28.3 billion to get access to wealthy clients who pay higher premiums at a time when fierce competition has cut deeply into the industry's profit margins. | Video

Turkish parliament elects ruling party MP speaker, reducing hopes for grand coalition

ANKARA - Turkey's parliament voted along party lines on Wednesday to elect as its speaker Ismet Yilmaz, Defence Minister from the ruling AK Party, reducing prospects of a grand coalition between the assembly's two biggest parties.

World, 01 Jul 2015

China upset with Turkey's concern on Ramadan restrictions

BEIJING - China's Foreign Ministry denied restricting religious freedom on Wednesday in a sharp response to Turkey for voicing concern over reports that ethnic Uighur muslims had been banned from worship and fasting during Ramadan.

World, China, 01 Jul 2015

Turkey says concerned over China's Ramadan bans on Uighurs

ANKARA - Turkey told Beijing on Tuesday it was worried over reports Uighur people had been banned from worship and fasting during the holy month of Ramadan in China's far western region of Xinjiang, the foreign ministry said.

World, China, 30 Jun 2015

Turkish opposition leader warns against intervention in Syria

ISTANBUL - Turkey's main opposition party leader warned on Tuesday any military intervention in Syria would spell disaster for Turkey and in comments clearly aimed at President Tayyip Erdogan said the country could not be "a plaything for your ambition".

World, Syria 30 Jun 2015

Turkey to take 'necessary measures' on border security: PM Davutoglu

ANKARA - Prime Minister Ahmet Davutoglu said Turkey was prepared for all necessary measures to tackle security threats along its borders, highlighting Ankara's growing anxiety about conflict near its southern frontier in Syria.

World, 29 Jun 2015

Turkey's Erdogan says will 'never allow' Kurdish state: media

ISTANBUL - President Tayyip Erdogan was quoted on Saturday as saying Turkey would never allow the formation of a Kurdish state embracing its south-east and parts of northern Syria, comments likely to anger Kurds as a peace process with Ankara stalls.

World, Syria 27 Jun 2015

Turkey's AKP speaker nomination fuels coalition talk

ANKARA - Turkey's governing AK Party nominated its low-profile defense minister for parliamentary speaker on Friday, in a sign it could be willing to cede the post to the opposition in return for a deal to form a coalition government.

World, 26 Jun 2015

Turkey summons Israeli diplomat after journalists, NGO workers refused entry

ISTANBUL - Turkey's Foreign Ministry said on Friday it summoned the highest-ranking Israeli diplomat in Ankara to explain why a group of Turkish journalists and civil society workers were refused entry at Ben Gurion Airport.

World, Israel 26 Jun 2015

Pro-Kurdish party says Kobani 'massacre' reflects Turkey support for Islamic State

ANKARA - Turkey's pro-Kurdish party described an Islamic State attack on the Syrian border town of Kobani as a massacre and blamed it on Turkish state support for the militants, comments that will fuel tension in Ankara amid attempts to form a government.

World, Syria 25 Jun 2015

IMF warns of huge financial hole as Greek vote looms

ATHENS/WASHINGTON - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. | Video