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What is in new US-UK trade deal, hailed as ‘historic’?
What is in new US-UK trade deal, hailed as ‘historic’?
By admin on May 11, 2025 |
Business
- Business
U.S. President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a limited bilateral trade agreement that leaves in place Trump's 10% tariffs...
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Türkiye’s industrial output up 2.5% in March year-on-year
Türkiye’s industrial output up 2.5% in March year-on-year
By admin on May 11, 2025 |
Business
- Business
Türkiye's industrial output surged in March, reversing contraction in the month earlier, official data showed on Friday, as production increased on both an annual and...
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Türkiye’s Akıncı UCAV completes firing test with domestic guidance kit
Türkiye’s Akıncı UCAV completes firing test with domestic guidance kit
By admin on May 11, 2025 |
Business
- Business
The Bayraktar Akıncı drone, one of Türkiye's most prominent unmanned combat aerial vehicles (UCAV), completed a firing test with domestic guidance kit TEBER-83, its developer,...
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Electronics giant Panasonic targets slashing 10,000 jobs worldwide
Electronics giant Panasonic targets slashing 10,000 jobs worldwide
By admin on May 11, 2025 |
Business
- Business
Japanese electronics giant Panasonic, a supplier of batteries to Tesla, announced on Friday that it will target 10,000 job cuts worldwide as part of efforts...
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Türkiye plans to send 6 mcm of gas daily to Syria within 3 months
Türkiye plans to send 6 mcm of gas daily to Syria within 3 months
By admin on May 11, 2025 |
Business
- Business
Türkiye plans to deliver 6 million cubic meters (mcm) of natural gas per day to Syria within the next three months to help generate electricity...
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Trump floats lowering China tariff to 80% ahead of weekend talks
Trump floats lowering China tariff to 80% ahead of weekend talks
By admin on May 11, 2025 |
Business
- Business
U.S. President Donald Trump floated an idea on Friday that he could lower tariffs on Chinese imports to 80%, as the rival superpowers prepare for...
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Türkiye affirms commitment to economic path amid global ‘stormy seas’
Türkiye affirms commitment to economic path amid global ‘stormy seas’
By admin on May 11, 2025 |
Business
- Business
Türkiye has strengthened the foundations of its economy with the stability and reform program that the government has been implementing for last two years, President...
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US, China start talks in Geneva to ease trade war
US, China start talks in Geneva to ease trade war
By admin on May 11, 2025 |
Business
- Business
High-ranking officials from the United States and China held talks in Switzerland on Saturday in a tentative first step towards defusing a trade war that...
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Turkish mobile operator Turkcell boasts strong start to 2025
Turkish mobile operator Turkcell boasts strong start to 2025
By admin on May 11, 2025 |
Business
- Business
Turkcell, Türkiye’s top mobile phone operator and largest data center operator, has made a strong start to 2025, according to its first quarter results announced...
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Record 5M British tourists could visit Türkiye this year: Envoy
Record 5M British tourists could visit Türkiye this year: Envoy
By admin on May 11, 2025 |
Business
- Business
The number of British visitors coming to Türkiye could reach a record 5 million this year, Britain’s envoy to Ankara said recently in the Mediterranean...
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Saudi Aramco reports 4.6% drop in Q1 net profits
Saudi Aramco reports 4.6% drop in Q1 net profits
By admin on May 11, 2025 |
Business
- Business
Net profits of oil giant Saudi Aramco declined 4.6% in the first quarter, the company said on Sunday, citing lower sales and higher operating costs....
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Chip, solar cells factory to be built in Türkiye’s Sivas province
Chip, solar cells factory to be built in Türkiye’s Sivas province
By admin on May 11, 2025 |
Business
- Business
A new chip factory is set to be established in Türkiye’s central province of Sivas in July with an investment of approximately $400 million (TL...
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Türkiye details new 2030 industry strategy eyeing high-tech drive
Türkiye details new 2030 industry strategy eyeing high-tech drive
By admin on May 11, 2025 |
Business
- Business
Türkiye's new industry and technology strategy, prepared within the scope of changes and transformations in the global system, aims to position the country as one...
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Entrepreneurs seek flexibility, regulatory reform in Türkiye
Entrepreneurs seek flexibility, regulatory reform in Türkiye
By admin on May 11, 2025 |
Business
- Business
Supporting innovation and entrepreneurship has become essential for both economic growth and global competitiveness in the era of digital transformation. Yet in Türkiye, the startup...
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EU unveils road map to phase out all Russian gas imports by 2027
EU unveils road map to phase out all Russian gas imports by 2027
By admin on May 11, 2025 |
Business
- Business
The European Commission presented on Tuesday a new road map, conveying officially plans to cease all imports of Russian gas to the European Union by...
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Tourism on track to contribute $135B to Turkish economy in 2025
Tourism on track to contribute $135B to Turkish economy in 2025
By admin on May 11, 2025 |
Business
- Business
Türkiye's travel and tourism sector is set to soar to new heights in 2025, according to the latest data from the World Travel and Tourism...
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Türkiye’s tourism income hits Q1 record despite falling arrivals
Türkiye’s tourism income hits Q1 record despite falling arrivals
By admin on May 11, 2025 |
Business
- Business
Türkiye has registered its highest first-quarter tourism income ever, Culture and Tourism Minister Mehmet Nuri Ersoy said on Wednesday, as official data showed revenue rose...
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Türkiye lauded as major tourism hub bridging Asia, Europe
Türkiye lauded as major tourism hub bridging Asia, Europe
By admin on May 11, 2025 |
Business
- Business
Türkiye is a major tourism destination with a "rich history and culture," said Noor Ahmad Hamid, CEO of the Pacific Asia Travel Association (PATA), highlighting...
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Trump says Xi called him to talk about tariffs
Trump says Xi called him to talk about tariffs
By admin on April 27, 2025 |
Business
- Business
U.S. President Donald Trump said his administration is in discussions with China to finalize a tariff agreement and that he received a call from Chinese...
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China grants some US tariff exemptions to ease trade war strain
China grants some US tariff exemptions to ease trade war strain
By admin on April 27, 2025 |
Business
- Business
China is allowing certain U.S. imports to be exempt from its 125% tariffs and is urging companies to determine which goods might qualify, according to...
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Türkiye says committed to advancing strategic partnership with US
Türkiye says committed to advancing strategic partnership with US
By admin on April 27, 2025 |
Business
- Business
Treasury and Finance Minister Mehmet Şimşek on Thursday said Türkiye was committed to advancing its strategic partnership with the United States in all fields. Şimşek's...
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Turkish central bank reaffirms tight stance after April rate hike
Turkish central bank reaffirms tight stance after April rate hike
By admin on April 27, 2025 |
Business
- Business
The Turkish central bank said on Friday that it will maintain its tight monetary stance until inflation shows a sustained decline, following its surprise decision...
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Türkiye slaps fines amid calls to counter ‘earthquake profiteering’
Türkiye slaps fines amid calls to counter ‘earthquake profiteering’
By admin on April 27, 2025 |
Business
- Business
The Trade Ministry on Friday said it had imposed fines over hikes of rental and sales prices in real estate following this week's earthquake in...
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Türkiye’s biggest lender Ziraat Bank secures $1.75B syndicated loan
Türkiye’s biggest lender Ziraat Bank secures $1.75B syndicated loan
By admin on April 27, 2025 |
Business
- Business
Türkiye's biggest bank on Thursday said it had secured a sustainability-themed syndicated loan totalling $1.75 billion (TL 67.24 billion), in two tranches of $850 million...
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Japan’s PM to visit Vietnam, Philippines to talk tariff concerns
Japan’s PM to visit Vietnam, Philippines to talk tariff concerns
By admin on April 27, 2025 |
Business
- Business
Japanese Prime Minister Shigeru Ishiba departed Sunday for a four-day trip to Vietnam and the Philippines, as Tokyo aims to shore up regional ties after...
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Posts tagged as “Ofgem”

UK energy bills to fall in summer as energy regulator cuts price cap

UK energy bills to fall in summer as energy regulator cuts price cap

UK energy bills to fall in summer as energy regulator cuts price cap

By admin on May 25, 2023

For first time since global energy crisis began more than 18 months ago, consumer prices are in decline