Turkey launched a temporary wage support scheme and banned layoffs in 10 cities on Wednesday to protect workers and businesses from the financial impact of the massive earthquakes that hit the south of the country earlier this month.
The moves are part of the Turkish government's steps to minimise the economic impact of Turkey's worst earthquake in modern history that left tens of thousands dead.
Employers whose workplaces were "heavily or moderately damaged" would benefit from support to partially cover wages of workers whose hours had been cut, the country's Official Gazette said on Wednesday.
A ban on layoffs was also introduced in 10 earthquake-hit provinces covered by a state of emergency.
Turkish Parliament imposed a state of emergency for three months on February 7, after a request by President Tayyip Erdogan.
The government also offered salary support and imposed a layoff ban in 2020 in an attempt to mitigate the economic blow from COVID-19.
Business groups and economists have said the earthquake could cost Ankara up to $100 billion to rebuild housing and infrastructure, and shave one to two percentage points off economic growth this year.
The United States waived sanctions on Iran for 60 days from Monday after the first talks under a nascent peace deal, with US President Donald Trump saying he will "do what I have to do" if Iran does not stick to its side of the agreement.
Forty people have drowned while swimming in unsupervised areas in France since the weekend, the prime minister said on Tuesday, as people tried to escape a heatwave sweeping across much of Europe.
Israeli gunfire killed two people in southern Lebanon on Tuesday, Lebanon's Civil Defence and state media said, the first reported fatalities resulting from Israeli fire in Lebanon in three days.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?