ANKARA - Anadolu Agency Turkey earned over 154.3 million Turkish liras ($28.8 million) from tolls collected at its two bridges over the Istanbul Strait and linked highways in January, according to the country’s highway directorate on Tuesday. The July 15 Martyrs' Bridge and the Fatih Sultan Mehmet Bridge, both of which are over the Bosphorus connecting Europe to Asia, yielded 34.5 million liras ($6.5 million), while the highways reaped 119.8 million Turkish liras ($22.4 million), according to data released by the Turkish Highways Directorate. The figures indicate that 34.6 million vehicles paid tolls in the first month of this year. Drivers in Turkey pay 8.75 Turkish liras ($1.6) for the bridge tolls, with higher fees for vehicles with more than two axles. Last year, 463 million vehicles used the toll bridges and roads in Turkey, paying 1.8 billion liras ($367 million). Turkey, Economy, infrastructure … [Read more...] about Turkey’s bridge, road tolls yield over $28.8M in January
LONDON (Reuters) - British PM Theresa May has another chance to lobby fellow EU leaders on the margins of the EU-Arab summit in Sharm-el-Sheikh today but there are precious few signs of them changing their position: already at the weekend she chose to postpone any fresh parliament vote on a Brexit deal to March 12 latest. Members of Egyptian security forces stand guard before the start of a summit between Arab league and European Union member states, in the Red Sea resort of Sharm el-Sheikh, Egypt, February 24, 2019 That means that the main action this week will likely be an attempt by lawmakers on Wednesday to force the government to seek a delay to Brexit in the event of no-deal. That is seen as destroying May's strategy of presenting parliament with a last-minute choice between her deal and a chaotic, no-deal Brexit. The proposed cross-party amendment gained momentum at the weekend as three government ministers spoke in favour of it and May confirmed there would be no … [Read more...] about Daily Briefing: Desert yields no new deal for May
The yield curve has been a reliable predictor of US recessions over the last four decades. Each time the yield curve has inverted, the US economy has entered a downturn within 18 months. At the start of 2019, the curve is precipitously close to inverting again. The yield curve is the difference between the interest rate on a longer-dated bond (debt issued by a corporation or country) and a shorter-dated bond. For instance, typically it should cost less to borrow money for two years than for 10 years. This is because the economy is expected to grow over time and experience inflation. Inflation erodes the fixed return of a bond and investors tend to want compensation for taking on that risk. They therefore demand a higher yield for longer-dated bonds. However, when it costs more to borrow money in the short term than it does in the long term, the yield curve inverts. At best, an inversion suggests that investors expect the economy to slow, at worst it signals a recession could be on the … [Read more...] about The yield curve explained: is it predicting recession?
The SEC revision classes set-up by the government in the hope of pushing individuals aged 15-25 to complete their SECs only yielded an average pass rate of 28.9% from students in any one subject in 2018. 2018 has been the worst year on average since the beginning of the classes in terms of students who have achieved a pass mark in any one subject. Minister for Education Evarist Bartolo gave the details in Parliament in answer to a PQ tabled by Government Whip Byron Camilleri. Camilleri asked for the total number of students that attended the SEC revision classes since their inception; how many students sat for the exams; and how many of them passed said exams. The classes began in 2014 and students were taught Maltese, English, Mathematics, and Physics. Statistics for Biology are given from 2017 onwards. Starting from 2014, the average pass rate per subject was 50%, with English being the subject in which only 21.8% managed to get a passing grade. Other grades included 53.9%, 63.7%, … [Read more...] about SEC revision classes yielded less than 30% pass rate in 2018
Sandwiched between an industrial estate and a clutter of houses is a green oasis in north Hull. Tucked away at the end of a residential street, Oak Road playing fields are surprisingly vast. When you enter the park it is initially a welcoming place with a well-used play area on the right and a quirky little wood and metal art installation. Further down is an idyllic looking pond with the River Hull meandering through behind. Yet the last week has seen this beauty spot become the centre of the search for missing student Libby Squire. The 21-year-old, who lives in nearby Wellesley Avenue, has not been seen since Friday, February 1, after she got a taxi back home from the Welly nightclub. She was last seen sitting on a bench of Beverley Road. Dog walkers and visitors to the park have now become used to seeing a heavy police presence with officers scouring undergrowth with sticks and cutting back bushes with power tools. Shortly after Libby disappeared, dive teams were seen wading through … [Read more...] about Hull’s beauty spot which refuses to yield secrets in Libby search