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How Türkiye drone boom propelled Bayraktar brothers to taxpayer glory
How Türkiye drone boom propelled Bayraktar brothers to taxpayer glory
By admin on April 14, 2025 |
Business
- Business
Baykar’s meteoric rise in global drone exports has propelled Selçuk and Haluk Bayraktar to cement their title of the nation’s top taxpayers in 2023. Renowned...
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Over half of Libya’s oil output offline amid political standoff
Over half of Libya’s oil output offline amid political standoff
By admin on April 14, 2025 |
Business
- Business
Over half of Libya's oil production, or around 700,000 barrels per day (bpd), was offline on Thursday, as a standoff between rival political factions over...
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Türkiye rebuffs claims of proposal to keep S-400s ‘in boxes’ for F-35s
Türkiye rebuffs claims of proposal to keep S-400s ‘in boxes’ for F-35s
By admin on April 14, 2025 |
Business
- Business
Türkiye reiterated on Thursday that there is no change in its position amid recent speculations that Ankara was keen to keep S-400 air defense missile...
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BoE follows Fed to keep rates on hold amid ‘intensified’ uncertainty
BoE follows Fed to keep rates on hold amid ‘intensified’ uncertainty
By admin on March 23, 2025 |
Business
- Business
The Bank of England (BoE) held interest rates unchanged at 4.5% on Thursday, following a similar move by the U.S. central bank a day earlier...
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CBRT pauses policy funding, raises overnight lending rate to 46%
CBRT pauses policy funding, raises overnight lending rate to 46%
By admin on March 23, 2025 |
Business
- Business
Türkiye’s central bank on Thursday announced it had suspended one-week repo auctions and raised its overnight lending rate to 46%, in a move economists interpret...
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Travel chaos as huge fire shuts down London’s Heathrow Airport
Travel chaos as huge fire shuts down London’s Heathrow Airport
By admin on March 23, 2025 |
Business
- Business
A massive fire at an electrical substation knocked out power to London's Heathrow Airport on Friday, forcing a full-day shutdown that stranded hundreds of thousands...
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Türkiye, Slovakia, Hungary get US waiver extension for Russian gas
Türkiye, Slovakia, Hungary get US waiver extension for Russian gas
By admin on March 23, 2025 |
Business
- Business
Türkiye, Slovakia and Hungary have received extensions from the United States to waivers for gas payments to Russia, according to reports, which said the extensions...
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Türkiye’s consumer confidence reaches nearly 2-year high in March
Türkiye’s consumer confidence reaches nearly 2-year high in March
By admin on March 23, 2025 |
Business
- Business
Consumer confidence in Türkiye improved further in March to the highest level in nearly two years, official data showed on Friday. The consumer confidence index...
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BP sells Apollo $1B stake in firm invested in TANAP gas pipeline
BP sells Apollo $1B stake in firm invested in TANAP gas pipeline
By admin on March 23, 2025 |
Business
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British energy giant BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Türkiye for $1...
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Trump mulling F-35 jet sale to Türkiye: US media report
Trump mulling F-35 jet sale to Türkiye: US media report
By admin on March 23, 2025 |
Business
- Business
U.S. President Donald Trump is considering selling fighter jets, even fifth-generation F-35s, to Türkiye, according to a report from Fox News on Friday. Citing two...
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Probes ordered after Heathrow Airport’s shutdown, disruption
Probes ordered after Heathrow Airport’s shutdown, disruption
By admin on March 23, 2025 |
Business
- Business
London's Heathrow Airport resumed operations on Saturday, ordering a probe into how it dealt with a power outage that shut Europe's busiest air hub for...
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UK plans to slash govt costs by 15%, signals 10,000 civil job cuts
UK plans to slash govt costs by 15%, signals 10,000 civil job cuts
By admin on March 23, 2025 |
Business
- Business
British finance chief Rachel Reeves said Sunday she plans to cut the costs of running government by 15% within four years while also announcing 10,000...
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US tourism outlook dims as Trump’s policies herald decline in visits
US tourism outlook dims as Trump’s policies herald decline in visits
By admin on March 23, 2025 |
Business
- Business
The U.S. tourism outlook has clouded in just a couple of weeks due to President Donald Trump's policy decisions that have irked some foreign visitors...
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‘No hesitation’ in implementation of economic program: Şimşek
‘No hesitation’ in implementation of economic program: Şimşek
By admin on March 23, 2025 |
Business
- Business
There is "no hesitation" regarding the implementation of the government's economic program, a top Turkish finance official said recently, emphasizing they were working in "close...
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Regulations and rivalries: The AI leadership debate
Regulations and rivalries: The AI leadership debate
By admin on March 23, 2025 |
Business
- Business
OpenAI has submitted an open letter to the United States Office of Science and Technology Policy (OSTP), which includes recommendations and strategies to preserve America's...
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Europe’s $300B dilemma: What to do with frozen Russian assets
Europe’s $300B dilemma: What to do with frozen Russian assets
By admin on March 23, 2025 |
Business
- Business
With U.S. support for Ukraine in question, Kyiv's European allies are weighing whether to seize $300 billion in frozen Russian assets and use the money...
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Recent quakes at Greece’s Santorini push tourists to Türkiye
Recent quakes at Greece’s Santorini push tourists to Türkiye
By admin on March 23, 2025 |
Business
- Business
The recent earthquakes impacting some of the Greek islands, particularly the widely popular summer spot Santorini, have prompted concerns and left tourists to reconsider their...
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Tourist arrivals in Türkiye reach 4.3 million in January-February
Tourist arrivals in Türkiye reach 4.3 million in January-February
By admin on March 23, 2025 |
Business
- Business
Türkiye saw a slight increase in the number of foreign visitors in the first two months of 2025 despite a decline in February, official data...
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‘Travel boom’ for Türkiye continues: German tour giant Tui
‘Travel boom’ for Türkiye continues: German tour giant Tui
By admin on March 23, 2025 |
Business
- Business
The world's largest travel group Tui is forecasting strong demand for the upcoming fall holidays, as people want to extend their summer days into the...
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Climate change, crowd: Should Greece rethink its tourism model?
Climate change, crowd: Should Greece rethink its tourism model?
By admin on March 22, 2025 |
Business
- Business
As temperatures soar and tourist numbers increase, Greece is under pressure to rethink a tourism model that climate change is making increasingly untenable. With its...
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Turkish tourists encouraged to visit TRNC
Turkish tourists encouraged to visit TRNC
By admin on March 22, 2025 |
Business
- Business
Launching a promotional campaign in tourism, a top official of the Turkish Republic of Northern Cyprus (TRNC) called on Turkish holidaymakers to take advantage of...
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Libya’s eastern administration to close all oil fields in fresh row
Libya’s eastern administration to close all oil fields in fresh row
By admin on March 22, 2025 |
Business
- Business
Libya's eastern-based administration announced on Monday that it would shut down all oil fields and suspend all production and exports in a surprise move that...
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Canada to impose 100% tariffs on Chinese EVs, following US suit
Canada to impose 100% tariffs on Chinese EVs, following US suit
By admin on March 22, 2025 |
Business
- Business
Canadian Prime Minister Justin Trudeau announced on Monday that Canada will impose a 100% tariff on the import of Chinese electric vehicles (EVs), months after...
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Major Turkish defense firms sign agreements with Indonesia
Major Turkish defense firms sign agreements with Indonesia
By admin on March 22, 2025 |
Business
- Business
Türkiye's defense giants Aselsan and Roketsan inked strategic defense industry transfer deals with Indonesia under the leadership of the Presidency of Defense Industries (SSB) in...
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S. Korea’s youth opt for high-end spending amid birth rate crisis
S. Korea’s youth opt for high-end spending amid birth rate crisis
By admin on March 22, 2025 |
Business
- Business
As South Korea tussles to stop the sharp decline in its birth rate, policymakers are having a rough time convincing many in their 20s and...
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Posts tagged as “Inflation”

Black Sea deal collapse could lift grain prices by up to 15%: IMF

A wheat field is seen near the town of Snihurivka, Mykolaiv region, Ukraine, July 4, 2023. (AFP Photo)

Black Sea deal collapse could lift grain prices by up to 15%: IMF

By admin on July 26, 2023

Russia’s exit from a breakthrough deal that allowed Ukraine to export grain safely from its seaports via the Black Sea could drive global grain prices…

Chaos, unrest engulf Kenya as protesters battle tax, price hikes

A young Kenyan sits next to a burning barricade used to block a main road during the third day of anti-government protests, Nairobi, Kenya, July 21, 2023. (AFP Photo)

Chaos, unrest engulf Kenya as protesters battle tax, price hikes

By admin on July 22, 2023

Tensions flared into a fierce confrontation in Kenya, with tear gas and live ammunition deployed against protesters during a second day of mass demonstrations against…

Turkish Treasury chief signals further rate hikes to tame inflation

Turkish Treasury chief signals further rate hikes to tame inflation

Turkish Treasury chief signals further rate hikes to tame inflation

By admin on July 7, 2023

New economic program focused on establishing fiscal discipline, gradual monetary tightening to tame inflation, and structural reforms, says Mehmet Simsek

Pakistan optimistic IMF deal will end ‘uncertainty,’ says foreign secretary

Pakistan optimistic IMF deal will end ‘uncertainty,’ says foreign secretary

Pakistan optimistic IMF deal will end ‘uncertainty,’ says foreign secretary

By admin on July 7, 2023

Funding will give space for economic actions needed to make things easier for people, Asad Majeed Khan tells Anadolu

Türkiye’s annual inflation hits 18-month low in June

Türkiye's annual inflation hits 18-month low in June

Türkiye’s annual inflation hits 18-month low in June

By admin on July 5, 2023

Housing sees lowest annual price change with 14.76%, official figures show

Eurozone’s inflation rate eases in June

Eurozone’s inflation rate eases in June

Eurozone’s inflation rate eases in June

By admin on June 30, 2023

Slovakia sees highest annual inflation in euro area this month

Central banks signal higher interest rates for longer: S&P

Central banks signal higher interest rates for longer: S&P

Central banks signal higher interest rates for longer: S&P

By admin on June 30, 2023

Pace of hikes slowed but next moves likely to be up, says agency

Rally in commodity market reversed

Rally in commodity market reversed

Rally in commodity market reversed

By admin on June 26, 2023

Price of corn lost 1.6%, soybeans 2.9%, rice 0.5%, cotton 1.8%, coffee 9.1%, sugar 6.5%, and cocoa 0.8% last week

Fed chair signals more rate hikes to fight inflation

Fed chair signals more rate hikes to fight inflation

Fed chair signals more rate hikes to fight inflation

By admin on June 21, 2023

‘Inflation pressures continue to run high and the process of getting inflation back down … has a long way to go,’ says Jerome Powell

ECB hikes interest rates by 25 basis points

ECB hikes interest rates by 25 basis points

ECB hikes interest rates by 25 basis points

By admin on June 15, 2023

Inflation projected to remain 'too high for too long,' says European Central Bank