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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 “purchasing managers’ index (PMI)”

US services sector expands in May for 5th consecutive month

US services sector expands in May for 5th consecutive month

US services sector expands in May for 5th consecutive month

By admin on June 5, 2023

Services sector's rate of growth pulling back, there are concerns relative to slowing economy, says ISM chair

US services sector expands in March for 4th straight month

US services sector expands in March for 4th straight month

US services sector expands in March for 4th straight month

By admin on May 3, 2023

ISM services PMI rises 0.7 percentage points from previous month