World News

IMF says Turkish monetary easing went ‘too far’, calls for neutral fiscal policy in 2020

ANKARA (Reuters) – The International Monetary Fund said on Friday that Turkey’s monetary policy easing had “gone too far” and called on Ankara to ensure that fiscal policy remained a main policy anchor. The central government’s budget deficit has widened this year as Ankara ramped up spending in the wake of a currency crisis that […]

World News

Deutsche Telekom, works council agree T-Systems restructuring

FRANKFURT (Reuters) – Deutsche Telekom <DTEGn.DE> has reached an agreement with its works council on restructuring its troubled T-Systems IT services division, a company spokesman said on Friday. The spokesman confirmed an earlier report in Handelsblatt that said the agreement included moving large parts of the business to a newly created German subsidiary and affected […]