28 July 2014

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Turkey resumes flights to Israel

ISTANBUL Turkey on Saturday allowed the resumption of flights to Tel Aviv s Ben Gurion airport after Israel and Hamas agreed to a temporary ceasefire in Gaza, the state civil aviation authority said on Saturday."Taking into account the current ceasefire, the flight ban on Israel s Ben Gurion Airport has been lifted, pending a subsequent announcement," Turkish Ministry of Transport s Directorate General of Civil Aviation (SHGM) said on Twitter.Turkey imposed the flight ban late Tuesday amid fears that rocket fire from Gaza was endangering

Oil prices rise ahead of weekend, US oil stabilizes

NEW YORK Oil prices rose Friday, with the New York contract stabilizing, as traders braced for a weekend that could see escalating geopolitical tensions in Ukraine and the Middle East.The US benchmark futures contract, West Texas Intermediate (WTI) for September, edged up two cents to $102.09 a barrel.In London, Brent North Sea crude for delivery in September settled at $108.39 a barrel, leaping $1.32 from Thursday's closing level.Traders were making some "readjustment" to the WTI price after it fell by $1.05 Thursday, said Bob Yawger of

Russia bans the import of Ukraine dairy products

MOSCOW  Russia has banned the import of Ukrainian dairy products, Russian news agencies reported Friday, amid a growing fallout in trade relations as Kiev ties itself closer to the EU.“We held a meeting on milk and milk products and decided from July 28 to limit the import of such items," Alexei Alexeyenko, an advisor to the head of Russia s food and agricultural inspection service Rosselkhoznadzor, was quoted as saying by RIA Novosti.The ban was imposed due to the detection of

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