ISTANBUL
Here is a rundown of all the news that you need to start your Friday, including Gaza nearing a humanitarian collapse, a landmark agreement between Armenia and Azerbaijan for release of detainees, Türkiye-Greece joint declaration on friendly relations, and approval of a legislation banning Quran burning in Denmark.
TOP STORIES
The UN migration agency has called for a "lasting and immediate" cease-fire in the Gaza Strip, as the humanitarian situation is "near collapse" due to intense fighting and lack of access.
"The scale of displacement in Gaza is massive; the humanitarian conditions are deeply alarming and at the brink of collapse," said a statement by Amy Pope, head of the International Organization for Migration (IOM).
It also called for an immediate cease-fire to deliver adequate food, water, and other essentials to save lives.
Azerbaijan and Armenia have agreed to the mutual release of detainees, according to a joint statement from the two countries, in a step toward peace.
The two countries agree that "there is a historical chance to achieve a long-awaited peace in the region," while reconfirming their intention to normalize relations and reach the peace treaty respecting ‘the principles of sovereignty and territorial integrity,’ says a statement by news agency AZERTAC.
As part of the agreement, Azerbaijan released 32 Armenian soldiers in exchange for two Azerbaijani soldiers.
Türkiye and Greece announced the "Athens Declaration on Friendly Relations and Good-Neighbourliness" during Turkish President Recep Tayyip Erdogan’s official visit to the Greek capital.
“Recognizing the renewed will for cooperation between the Governments of the two countries and underlining that the bonds between the two neighbouring nations harbour the potential to markedly increase the region’s prosperity and dynamism,” the declaration emphasized the need to continue jointly working for the benefit of both societies in an atmosphere of friendship and mutual trust.
Denmark passed legislation on Thursday banning the burning of the Quran in public places on the grounds of "inappropriate treatment of writings with significant importance for a recognized religious community."
Following a heated debate among lawmakers, the bill was passed with 94 votes in favor and 77 votes against in the 179-member Danish parliament.
The bill makes it illegal to burn, tear, or defile holy texts in public or online to widely disseminate them.
Offenders can risk a fine or jail term for as many as two years.
NEWS IN BRIEF
SPORTS
Paris Saint-Germain confirmed Thursday that Qatar Sports Investments and Arctos Partners agreed to a landmark strategic partnership and investment deal in the French football club.
Arctos will “acquire a minority common equity stake in Paris Saint-Germain (PSG), the most successful football club in France and one of the leading football and multi-sports brands in the world," Paris Saint-Germain said in a statement.
West Ham United notched a 2-1 comeback win Thursday against Tottenham Hotspur in the 15th week of the English Premier League.
Tottenham Hotspur's Cristian Romero scored on a header in the 11th minute. Jarrod Bowen leveled the match in the 52nd minute while James Ward-Prowse scored the winner in the 74th minute.
BUSINESS & ECONOMY
Türkiye's Central Bank on Thursday announced record-high gross reserves of $140.1 billion as of the end of last week.
According to the bank's weekly figures, gross reserves surged $3.65 billion on a weekly basis as of Dec. 1.
Foreign currency reserves amounted to $93.23 billion after an increase of $2.24 billion over the same period, while gold reserves totaled $46.92 billion, up $1.4 billion.
Consumer credit in the US rose around $5.2 billion in October from the previous month to reach almost $4.99 trillion, according to Federal Reserve data released Thursday.
The increase came in much less than the market expectation of a $9 billion gain.
"In October, consumer credit increased at a seasonally adjusted annual rate of 1.2 percent," the Fed said in a statement.
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