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Türkiye aims to drill for oil off Somali coast next year
Türkiye aims to drill for oil off Somali coast next year
By admin on April 30, 2024 |
Business
- Business
Türkiye hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025, the country's energy minister said on Friday shortly after the...
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Türkiye’s 1st EV, spacious Togg T10X is smart as it gets
Türkiye’s 1st EV, spacious Togg T10X is smart as it gets
By admin on April 30, 2024 |
Business
- Business
Türkiye is less known for its car industry but the innovative first electric SUV from the Bosporus, enriched with AI, selfie cameras and other superb...
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TAIK touts growing Türkiye-US economic momentum ahead of Erdoğan visit
TAIK touts growing Türkiye-US economic momentum ahead of Erdoğan visit
By admin on April 30, 2024 |
Business
- Business
One of Türkiye’s top business councils on Friday stressed an upward momentum in the country's relations with the United States, which it says offers significant...
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Türkiye breaks record in seed stage investments, ranks 2nd in Europe
Türkiye breaks record in seed stage investments, ranks 2nd in Europe
By admin on April 30, 2024 |
Business
- Business
Türkiye's startup ecosystem demonstrated robust growth in the first quarter of 2024, driven by record investments in seed-stage startups and significant contributions from government-backed funds....
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Exporters at Chinese fair lament their goods ‘as cheap as cabbage’
Exporters at Chinese fair lament their goods ‘as cheap as cabbage’
By admin on April 30, 2024 |
Business
- Business
Wu Huazhan's Chinese television factory used to enforce minimum orders to manage output effectively. Times are now so bleak, that it will take any order....
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Biden calls for US Steel to remain American, seeks tariffs on China
Biden calls for US Steel to remain American, seeks tariffs on China
By admin on April 26, 2024 |
Business
- Business
U.S. President Joe Biden suggested to unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company as...
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Greece aspires to build extensive air defense shield: Minister
Greece aspires to build extensive air defense shield: Minister
By admin on April 26, 2024 |
Business
- Business
Greece aspires to build an extensive air defense shield against drones and aircraft amid conflicts such as the war in Ukraine, the country's defense minister...
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Chip giant TSMC’s profits surge nearly 9% in Q1 on AI demand
Chip giant TSMC’s profits surge nearly 9% in Q1 on AI demand
By admin on April 26, 2024 |
Business
- Business
Semiconductor giant TSMC announced on Thursday a nearly 9% rise in net profits in the first quarter of 2024 spurred by global demand for its...
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Govt mulls harsher fines, amendments amid exorbitant price hikes
Govt mulls harsher fines, amendments amid exorbitant price hikes
By admin on April 26, 2024 |
Business
- Business
Harsher fines are being considered for stockpiling and exorbitant prices, Trade Minister Ömer Bolat said Wednesday, noting that respective legislation regarding the issue would be...
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European car market contracts in March, EVs share slips
European car market contracts in March, EVs share slips
By admin on April 25, 2024 |
Business
- Business
The European car market experienced its first decline of the year in March, with the share of electric cars falling below last year's levels, according...
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Türkiye’s EV maker Togg starts working on new B-SUV model
Türkiye’s EV maker Togg starts working on new B-SUV model
By admin on April 25, 2024 |
Business
- Business
Turkish electric carmaker Togg has started working on a new T8X model, a B-segment sport utility vehicle (SUV), the firm's CEO told Anadolu Agency (AA),...
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Argentina acquires 24 F-16 fighter jets from Denmark
Argentina acquires 24 F-16 fighter jets from Denmark
By admin on April 25, 2024 |
Business
- Business
Argentina has acquired 24 F-16 fighter jets for its air force from Denmark, President Javier Milei and Defense Minister Luis Petri said in a video...
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IMF sees steady 2024 growth but warns of China, inflation risks
IMF sees steady 2024 growth but warns of China, inflation risks
By admin on April 25, 2024 |
Business
- Business
Another year of slow but stable growth is ahead for the global economy, the International Monetary Fund projected on Tuesday, with U.S. strength pushing world...
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Elevated inflation likely to delay rate cuts this year: Fed chief
Elevated inflation likely to delay rate cuts this year: Fed chief
By admin on April 22, 2024 |
Business
- Business
Persistently elevated inflation will likely delay any U.S. Federal Reserve's (Fed) interest rate cuts until later this year, its Chair Jerome Powell warned Tuesday, opening...
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UK inflation at lowest since late 2021 as food prices cool further
UK inflation at lowest since late 2021 as food prices cool further
By admin on April 22, 2024 |
Business
- Business
Inflation in the United Kingdom eased to its lowest level in two and a half years in March after a further easing in food prices,...
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Vietnam mounts $24B for bank embroiled in giant fraud: Documents
Vietnam mounts $24B for bank embroiled in giant fraud: Documents
By admin on April 21, 2024 |
Business
- Business
Vietnam has mounted an "unprecedented" rescue of Saigon Joint Stock Commercial Bank (SCB), a lender embroiled in the Southeast Asian country's biggest financial fraud, according...
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ECB’s June rate cut plan bolstered by confirmed eurozone inflation fall
ECB’s June rate cut plan bolstered by confirmed eurozone inflation fall
By admin on April 21, 2024 |
Business
- Business
Inflation in the eurozone decelerated across the board in March, as per final data from Eurostat on Wednesday, strengthening anticipations of an interest rate reduction...
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Türkiye posts smaller-than-expected $3.27B current account deficit
Türkiye posts smaller-than-expected $3.27B current account deficit
By admin on April 21, 2024 |
Business
- Business
Türkiye registered a smaller-than-expected current account deficit in February, according to official data on Wednesday, although it marked the highest monthly gap in seven months....
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Turkish Airlines nears $20B parts deal with Airbus, Rolls-Royce
Turkish Airlines nears $20B parts deal with Airbus, Rolls-Royce
By admin on April 18, 2024 |
Business
- Business
Türkiye's national carrier Turkish Airlines (THY) is set to sign an agreement with Airbus and Rolls-Royce Holdings for the domestic production of aircraft components, which...
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X faces bandwidth restrictions in Türkiye over law non-compliance
X faces bandwidth restrictions in Türkiye over law non-compliance
By admin on April 18, 2024 |
Business
- Business
Türkiye's national telecommunications regulatory and inspection authority, the Information Technologies and Communication Authority (BTK), is preparing to implement bandwidth throttling on social media platform X,...
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CBRT showed it’ll do ‘whatever is necessary’ for disinflation: Governor
CBRT showed it’ll do ‘whatever is necessary’ for disinflation: Governor
By admin on April 18, 2024 |
Business
- Business
Türkiye's central bank has shown how serious it is about ensuring disinflation, which remains its main priority, according to its governor, who said the country...
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Ukraine’s sudden exit derails new Türkiye-mediated Black Sea deal
Ukraine’s sudden exit derails new Türkiye-mediated Black Sea deal
By admin on April 17, 2024 |
Business
- Business
Negotiations spanning two months between Russia, Ukraine and Türkiye aimed at ensuring Black Sea shipping safety reportedly reached an agreement, which was poised for announcement...
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‘Go home’: Locals in Spain fight against influx of tourists
‘Go home’: Locals in Spain fight against influx of tourists
By admin on April 17, 2024 |
Business
- Business
Anti-tourism movements are gaining traction across Spain, the world's second-most visited country, prompting authorities to try to reconcile the interests of locals and the lucrative...
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Türkiye ranks among top 10 health tourism countries globally
Türkiye ranks among top 10 health tourism countries globally
By admin on April 17, 2024 |
Business
- Business
"Türkiye has become one of the top 10 countries receiving most foreign patients from around the world,” according to the Association of Turkish Travel Agencies...
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Türkiye’s March budget deficit lifts Q1 shortfall to $16.6 billion
Türkiye’s March budget deficit lifts Q1 shortfall to $16.6 billion
By admin on April 15, 2024 |
Business
- Business
Türkiye recorded a budget deficit of approximately TL 209 billion ($6.55 billion) in March, as per official data released on Monday, pushing the shortfall for...
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Posts tagged as “cash tender offer”

Credit Suisse to borrow over $50B from Swiss National Bank

Credit Suisse to borrow over $50B from Swiss National Bank

Credit Suisse to borrow over $50B from Swiss National Bank

By admin on March 16, 2023

Announcement comes after its shares drop by nearly %30