Turkey

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History was in the making last week when the Justice and Development Party (AKP) secured its second term in office by notching a 12% increase in votes over its 2002 election victory.
Since the US invasion of Iraq in 2003 Turkey has been barking about the need to confront the Kurdistan Workers' Party (PKK) in northern Iraq.
A Russian-Kazakh consortium has gained control of Turkey's largest petrochemicals company, bidding more than $2bn to win a 51% stake in formerly state-owned corporation Petkim.
One of Turkey's biggest corporations has flagged a major shake-up of its operations, looking to consolidate its core activities and divest peripheral interests in a drive to improve profits and build up capital for future investments.
Growing tension between Turkey and Iraq is eating away at business confidence and sending ripples across the global economy.
Most visitors rank it amongst the most exciting and vibrant cities in the world. While not matching the tourist inflows of Europe's top destinations, Istanbul is looking to make up ground on rival cities.

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