Turkey's national airline company has been preparing to launch charter flights to the Armenian capital.

George Bush, on last scheduled trip as US president, holds talks with Chinese leader.

The Financial Times, one of leading British dailies, has said that Ankara was hopeful on the International Monetary Fund (IMF) deal.

With investors looking increasingly to governments and other authorities to halt the devastating effects of the global economic crisis, the International Monetary Fund (IMF) has moved to prop up both Iceland and Turkey.

European and Asian markets have fallen sharply on fears that the world economy will enter a protracted slump.

China's president has signed a range of trade deals with Cuba and pledged millions of dollars in aid to the Caribbean nation as it struggles to recover from the impact of three hurricanes.

The bosses of the three biggest US carmakers, Ford, GM and Chrysler, have asked Congress for a $25bn bail-out.

Troubled US carmaker Ford Motor is selling a 20% stake in Japan's carmaker Mazda Motor, the Japanese company has said.