China Daily (Hong Kong)

Microsoft considerin­g software unit in Turkey

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Microsoft aims to establish a software company worth $1 billion in Turkey, said a senior executive of Microsoft Turkey. “We aim to take local enterprise­s, which are developed in the country by our solutions, to the global market,” said Murat Kansu, general manager of Microsoft Turkey. Microsoft has invested in Turkey’s digital and economic future while supporting local software enterprise­s, Kansu said. statement revealed. The profit also compares to a loss of 27 million euros during the last quarter of 2017. The bank said its profits came from the sale of Cypriot government bonds and the initial effects of a voluntary retirement plan applied last year. Hellenic Bank announced it had increased provisions for non-performing loans to 62 percent. Red loans dropped slightly, it said, as a result of selling off non-performing loans worth 145 million euros to B2Kapital Cyprus, a firm that specialize­s in bad loans. Bayer and the name Monsanto will not be there any longer. The acquired products will retain their brand names and become part of the overall Bayer portfolio. Both the companies together employed approximat­ely 115,000 people in 2017. Australia, authoritie­s must be notified when a deposit of A$10,000 ($7,600) cash is made to an account. But from November 2012 to September 2015, an AUSTRAC investigat­ion alleged that the Commonweal­th Bank had contravene­d this law on more than 53,500 occasions, due to a lapse in monitoring of its Intelligen­t Deposit Machines.

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