FRANKFURT

AnadoluJet, a brand of Turkey's national flag carrier, will be a global carrier by launching several new international flights from Istanbul Sabiha Gökçen Airport.

The carrier, which operates only two international flights currently, will launch flights from Istanbul to 26 new destinations in 16 countries as of March, 29, the Turkish Airlines' brand announced on Jan. 14.

The governments of Turkey and Germany are negotiating an agreement that will establish Turkish schools in the largest EU country. They will be located in Berlin, Cologne and Frankfurt.

The German government has been in intensive talks with Ankara on plans to set up Turkish schools in Berlin, Cologne and Frankfurt, Süddeutsche Zeitung reports.

German airline giant Lufthansa said it has canceled flights to Iran and Iraq "until further notice" after Tehran fired missiles at US bases in Iraq, according to BGNES.

The daily Frankfurt-Tehran flight has been canceled. Saturday's twice-weekly service to northern Iraqi city Erbil would also not depart.

World stocks closed out a notably profitable year, with Wall Street recording its best annual performances since 2013, boosted by hopes for a US-China trade deal.
New York rallied into the close on Dec. 31, turning positive for the day and leaving the broad-based S&P 500 and tech-heavy Nasdaq up 29 percent and 35 percent respectively for 2019, the best showings in six years.

Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned. Dec. 27's announcement came as European automakers are under pressure to meet lower emissions limits aimed at fighting global warming.

Frankfurt is asking Athens to provide additional guarantees in the form of bonds or cash in order for the senior notes that Greek banks will issue in the context of the Hercules asset protection scheme to be considered zero-risk.

In their first one-on-one meeting on Wednesday, Greek Prime Minister Kyriakos Mitsotakis and European Central Bank President Christine Lagarde discussed Greece's economy, with the ECB chief hailing the progress of reforms.

Greece's plan to cut bad loans at Greek lenders by up to 30 billion euros and the country's fiscal targets were discussed in a meeting between Prime Minister Kyriakos Mitsotakis and the new president of the European Central Bank (ECB) Christine Lagarde in Frankfurt on Tuesday.

New 600 Lufthansa-operated flights were canceled on Friday - the second day of the cabin crew strike. Among them are three from Munich and Frankfurt to Sofia. Three flights from Sofia to Germany will not be fulfilled.

On Thursday, 700 flights were canceled, causing chaos at airports in Europe.

As many Bulgarians and Romanians immigrate to Germany, they will not be able to satisfy the huge need for labor in the country. It urgently needs new migrants, Deutsche Welle writes.