Wed, 22 Sep 2021

ISTANBUL -- Turkey's annual inflation jumped to 18.95 percent in July, the highest in the last 26 months, the Turkish Statistical Institute revealed on Tuesday.

The country's monthly inflation increased by 1.8 percent in the same month, according to the data.

The highest annual price rise was reported in food and non-alcoholic beverages and transportation, climbing by 24.92 percent and 24.62 percent respectively. (Turkey-Inflation)

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PARIS -- French pharmaceutical giant Sanofi on Tuesday unveiled a 3.2-billion-U.S. dollar deal to acquire U.S. biotech company Translate Bio in a move to accelerate development of next-generation mRNA (messenger ribonucleic acid) technology and catch up with its peers in the COVID-19 vaccine race.

In a joint statement, Sanofi said it has entered into a definitive agreement with Translate Bio under which it will buy all outstanding shares of the U.S. clinical-stage mRNA therapeutics company, for 38.00 U.S. dollars per share in cash, representing a total equity value of approximately 3.2 billion U.S. dollars. (Sanofi-Biotech-Acquisition)

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NAIROBI -- Kenya plans to target countries with high vaccination levels in order to boost the revival of the tourism sector that has been affected by the COVID-19 pandemic, a senior government official said on Tuesday.

Najib Balala, cabinet secretary of the Ministry of Tourism and Wildlife, noted that Kenya is seeking tourists from China, the United States and Britain to make visits to Kenya. (Kenya-China-Tourism-COVID)

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DUBLIN -- The output value of the non-financial services sector in Ireland grew by nearly 16 percent in June compared with the same month last year, said the country's Central Statistics Office (CSO) on Tuesday.

The highest growth was recorded in the accommodation and food sector, which saw a 57.1-percent increase in June on an annual basis, said the CSO. (Ireland-Economy-service sector)

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WELLINGTON -- The seasonally adjusted unemployment and underutilization rates fell to 4.0 and 10.5 percent respectively in the June 2021 quarter, while average ordinary time hourly earnings rose 4.0 percent, New Zealand's statistics department Stats NZ said on Wednesday.

The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter, dropping 0.6 percentage points in the June 2021 quarter, to reach 4.0 percent. (New Zealand-Jobless rate)

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