Armenia is ready to establish diplomatic relations and open its border with Turkey, Foreign Minister Ararat Mirzoyan told the Turkish state-run Anadolu news agency on Tuesday.
Turkish Foreign Minister Mevlut Cavusoglu said last week he had held "productive and constructive" talks with Mr Mirzoyan in a bid to mend ties after decades of animosity. Turkey has had no diplomatic or commercial ties with Armenia since the 1990s.
"Generally, the population of Armenia wants to normalise relations," Mr Mirzoyan said in a written interview with Anadolu after participating in the Antalya Diplomacy Forum, where he discussed the two countries' normalisation efforts with his Mr Cavusoglu.
The countries have strong differences on a variety of issues, chiefly the 1.5 million people Armenia says were killed in a genocide by Ottoman Turkish forces in 1915.
Turkey denies that those actions constituted a genocide but accepts that many Armenians living in the Ottoman Empire were killed in clashes with forces in the First World War.
Turkey also backed its ally Azerbaijan against ethnic Armenian forces in the 2020 Nagorno-Karabakh conflict but has since taken a softer position, encouraging both sides to come to the negotiating table.
As part of the normalisation process, Turkey and Armenia last month resumed commercial charter flights between Istanbul and Yerevan after a two-year hiatus. Talks have been held every month in 2022 in an effort to revive a 2009 peace accord, which was never ratified.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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