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US inflation up slightly in May, but tariffs yet to push up prices
US inflation up slightly in May, but tariffs yet to push up prices
By admin on June 12, 2025 |
Business
- Business
Inflation in the United States rose moderately in May as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel...
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Nintendo Switch 2 smashes record to become fastest-selling console
Nintendo Switch 2 smashes record to become fastest-selling console
By admin on June 12, 2025 |
Business
- Business
The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up more than 3.5 million units in the first four...
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Türkiye’s key economic board assesses housing supply expansion
Türkiye’s key economic board assesses housing supply expansion
By admin on June 12, 2025 |
Business
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Türkiye's top economic officials convened Wednesday to discuss measures aimed at expanding the nationwide housing supply, according to an official statement, amid persistent pricing pressures...
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Turkish Airlines carries 34M passengers in first 5 months of 2025
Turkish Airlines carries 34M passengers in first 5 months of 2025
By admin on June 12, 2025 |
Business
- Business
Türkiye's flag carrier, Turkish Airlines (THY), said on Wednesday that it carried 34 million passengers from January through May, with an occupancy rate of 81.2%....
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Disney, Universal sue AI image maker Midjourney for copyright infringement
Disney, Universal sue AI image maker Midjourney for copyright infringement
By admin on June 12, 2025 |
Business
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Disney and Universal sued widely popular artificial intelligence image-generator Midjourney on Wednesday, alleging copyright infringement, marking the first time major Hollywood companies have taken legal...
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Tariffs could be launchpad for Europe’s single market needs
Tariffs could be launchpad for Europe’s single market needs
By admin on June 12, 2025 |
Business
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Materials group Umicore can spend at least a month on tackling a complex array of national shipment rules only to bring electronic scrap and other...
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Dollar nears 2025 low, rising Middle East tensions revive risks
Dollar nears 2025 low, rising Middle East tensions revive risks
By admin on June 12, 2025 |
Business
- Business
The dollar tested its 2025 low on Thursday, while stocks eased from record highs, as a mixture of rising Middle East tensions and concern over...
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Top business body charts economic revival in ‘terror-free Türkiye’
Top business body charts economic revival in ‘terror-free Türkiye’
By admin on June 12, 2025 |
Business
- Business
The head of one of the top business bodies in the country called on Thursday for development and economic revival amid the "terror-free Türkiye" initiative,...
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‘Friendship Italy–Kenya’ partnership project launches in Rome
‘Friendship Italy–Kenya’ partnership project launches in Rome
By admin on June 12, 2025 |
Business
- Business
The “Friendship Italy–Kenya” (FIK) project officially launched with the arrival of nine young Kenyan professionals in Rome, aiming to boost skills mobility and foster new...
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UK economy contracts 0.3% in April as tariffs, tax hike kick in
UK economy contracts 0.3% in April as tariffs, tax hike kick in
By admin on June 12, 2025 |
Business
- Business
Britain's economy contracted more than expected in April – the first month of the Labour government's business tax hike and U.S. President Donald Trump's reciprocal...
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Boeing shares slump after Air India plane crash
Boeing shares slump after Air India plane crash
By admin on June 12, 2025 |
Business
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Shares of planemaker Boeing fell as much as 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes...
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China says it issued ‘certain number’ of licences to export rare earths
China says it issued ‘certain number’ of licences to export rare earths
By admin on June 12, 2025 |
Business
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China said Thursday it had issued a "certain number" of licences to export rare earths following its talks with the U.S. in London and a...
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Turkish firms strengthen defense collaboration with new deals
Turkish firms strengthen defense collaboration with new deals
By admin on June 12, 2025 |
Business
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Turkish defense companies, spearheaded by a massive deal for the export of a fifth-generation fighter jet, continued to bolster their partnerships during a major industry...
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As global tech giants scale back, local players step up
As global tech giants scale back, local players step up
By admin on June 12, 2025 |
Business
- Business
As global technology firms are scaling down their operations as part of cost optimization and organizational restructuring strategies, local tech companies in Türkiye are seizing...
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Turkish autonomous mobile robot startup secures $4.5M investment
Turkish autonomous mobile robot startup secures $4.5M investment
By admin on June 12, 2025 |
Business
- Business
Türkiye-based autonomous mobile robot (AMR) technology company Milvus Robotics has announced it had secured $4.5 million after successfully completing a new investment round led by...
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AI agent showdown reshapes professions
AI agent showdown reshapes professions
By admin on June 12, 2025 |
Business
- Business
The race for artificial intelligence-powered agents is accelerating the transformation of professions worldwide. Developers kicked off the week with Microsoft's annual Build software developer conference...
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As Europe goes real-time, Türkiye becomes strategic fintech link
As Europe goes real-time, Türkiye becomes strategic fintech link
By admin on June 12, 2025 |
Business
- Business
As Europe accelerates its transformation in cross-border financial technologies, Turkish fintech startups are emerging as critical enablers of a new digital payment landscape connecting Europe...
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Google’s AI Mode seen as ‘strategic adaptation’ in search race
Google’s AI Mode seen as ‘strategic adaptation’ in search race
By admin on June 12, 2025 |
Business
- Business
Even though at the start of the unprecedented artificial intelligence race that kicked off at the end of 2022 and beginning of 2023, search giant...
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After 17 rounds of sanctions, what more can EU do to pressure Russia?
After 17 rounds of sanctions, what more can EU do to pressure Russia?
By admin on June 12, 2025 |
Business
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The European Union is preparing for yet another round of sanctions against Russia after its leaders threatened Moscow with "massive" economic punishment for not agreeing...
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Russia’s gas exports to Europe via TurkStream up over 10% in May
Russia’s gas exports to Europe via TurkStream up over 10% in May
By admin on June 12, 2025 |
Business
- Business
Russian energy giant Gazprom's average daily natural gas supplies to Europe via the TurkStream undersea pipeline increased by 10.3% in May from a month earlier,...
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Renault says asked by French govt to make drones in Ukraine
Renault says asked by French govt to make drones in Ukraine
By admin on June 12, 2025 |
Business
- Business
French auto giant Renault said Sunday that the government had asked it to look at making drones in Ukraine, suggesting, however, it had not yet...
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EU seeks to lower cap on Russian oil, discourage Nord Steam investors
EU seeks to lower cap on Russian oil, discourage Nord Steam investors
By admin on June 12, 2025 |
Business
- Business
The European Union wants to lower the price cap on Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine...
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Tourist arrivals in Türkiye jump 8% to 3.9 million in April
Tourist arrivals in Türkiye jump 8% to 3.9 million in April
By admin on June 12, 2025 |
Business
- Business
The number of foreign tourists arriving in Türkiye in April surged approximately 8% compared to the same month last year, to slightly over 3.9 million,...
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Spain’s popular Ibiza island caps tourist cars through summer
Spain’s popular Ibiza island caps tourist cars through summer
By admin on June 12, 2025 |
Business
- Business
Spain's island of Ibiza, a widely popular Mediterranean destination, has started limiting the number of incoming tourist cars and caravans as of Sunday because of...
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Number of Polish, Romanian tourists visiting Antalya on rise
Number of Polish, Romanian tourists visiting Antalya on rise
By admin on June 12, 2025 |
Business
- Business
Türkiye ranks fourth among the countries most frequently traveled to by Poles and Romanians, according to a report Saturday, which revealed Mediterranean tourism jewel Antalya...
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Posts tagged as “monetary policy committee”

Turkish central bank hikes interest rates to 42.5%, signals end of cycle

The headquarters of the Central Bank of the Republic of Türkiye (CBRT), Ankara, Türkiye, Oct. 24, 2023. (AA Photo)

Turkish central bank hikes interest rates to 42.5%, signals end of cycle

By admin on December 26, 2023

The Central Bank of the Republic of Türkiye (CBRT) on Thursday hiked its benchmark policy rate by 250 basis points in the seventh consecutive rise…