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Türkiye sees inflation falling about 20% in summer months: VP
Türkiye sees inflation falling about 20% in summer months: VP
By admin on May 12, 2024 |
Business
- Business
Türkiye's vice president reaffirmed expectations for a significant deceleration in inflation during the summer months, reiterating it as an utmost priority of the government that...
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Tesla slashes China prices nearly $2,000, in line with US cuts
Tesla slashes China prices nearly $2,000, in line with US cuts
By admin on May 12, 2024 |
Business
- Business
Tesla has lowered prices by close to $2,000 for its vehicle lineup in China following similar reductions in the United States, amidst declining sales and...
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Turkish consumer confidence index ticks up in April
Turkish consumer confidence index ticks up in April
By admin on May 12, 2024 |
Business
- Business
The consumer sentiment in Türkiye improved slightly in April, official figures shared on Monday showed. The consumer confidence index ticked up 1.4% on a monthly...
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New Brexit border checks may choke fine food imports from EU
New Brexit border checks may choke fine food imports from EU
By admin on May 11, 2024 |
Business
- Business
Since Britain exited the EU's single market in 2021, Panzer's delicatessen in northwestern London has lost 37 suppliers, and owner David Josephs worries that more...
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Turkish automotive production expands, exports remain strong in Q1
Turkish automotive production expands, exports remain strong in Q1
By admin on May 11, 2024 |
Business
- Business
Automotive production in Türkiye expanded in the first quarter of the year with exports from the sector also maintaining upward momentum, the industry data showed...
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US commerce secretary plays down chip in advanced Huawei model
US commerce secretary plays down chip in advanced Huawei model
By admin on May 9, 2024 |
Business
- Business
The chip powering the Mate 60 Pro model of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo...
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Turkish grocer BIM could evaluate Canada market if invited: CEO
Turkish grocer BIM could evaluate Canada market if invited: CEO
By admin on May 9, 2024 |
Business
- Business
Türkiye's leading discount food retailer BIM has not received any invitation or been officially asked by the Canadian government to operate in the North American...
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South Africa calls for greater engagement with Turkish businesses
South Africa calls for greater engagement with Turkish businesses
By admin on May 9, 2024 |
Business
- Business
Top South African trade official emphasized Monday the vital importance of bilateral trade relations with Türkiye, calling on the Turkish business world that wants to...
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Fueled by conflicts, global military spending hits new all-time high
Fueled by conflicts, global military spending hits new all-time high
By admin on May 9, 2024 |
Business
- Business
Global military spending registered its steepest annual increase in over a decade in 2023, a leading think tank on conflict and defense said Monday, as...
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Türkiye’s military spending rebounds to grow 37% in 2023: SIPRI
Türkiye’s military spending rebounds to grow 37% in 2023: SIPRI
By admin on May 9, 2024 |
Business
- Business
Türkiye's military spending rebounded in 2023 to grow by 37% year-over-year, a leading think tank on conflict and defense said Monday. The country's expenditure reached...
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Argentine students, teachers protest Milei’s budget cuts drive
Argentine students, teachers protest Milei’s budget cuts drive
By admin on May 9, 2024 |
Business
- Business
Argentina's public universities and students held protests against sharp budget cuts by the government of President Javier Milei on Wednesday, turning off the lights in...
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Turkish economy chief highlights ‘strong, reliable’ MTP framework
Turkish economy chief highlights ‘strong, reliable’ MTP framework
By admin on May 7, 2024 |
Business
- Business
The medium-term program (MTP) has a "strong and reliable" framework, Treasury and Finance Minister Mehmet Şimşek said at the forum in Washington on Wednesday, expressing...
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S&P downgrades Israel’s rating on heightened geopolitical risk
S&P downgrades Israel’s rating on heightened geopolitical risk
By admin on May 7, 2024 |
Business
- Business
Rating agency S&P Global cut on Thursday Israel's long-term ratings to "A+" from "AA-" after the confrontation with Iran heightened last weekend and amid the...
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Apple pulls WhatsApp, Threads from China app store per govt order
Apple pulls WhatsApp, Threads from China app store per govt order
By admin on May 6, 2024 |
Business
- Business
Tech giant Apple has pulled Meta Platforms' WhatsApp and Threads applications from its App Store in China on orders from the country's internet regulator, according...
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Netflix falls as move to end sharing user count signals growth woes
Netflix falls as move to end sharing user count signals growth woes
By admin on May 4, 2024 |
Business
- Business
Netflix shares dipped on Friday following the surprise announcement to stop sharing subscriber additions and average revenue per member from 2025, sowing doubts in investor...
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Turkish combat drones help Mali control its lands: FM Diop
Turkish combat drones help Mali control its lands: FM Diop
By admin on May 4, 2024 |
Business
- Business
Turkish unmanned combat aerial vehicles (UCAVs) are of great help to Mali in controlling its lands, Malian Minister of Foreign Affairs and International Cooperation Abdoulaye...
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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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Posts tagged as “supply cut”

Recent Saudi Arabian, Russian supply cuts reflect demand concerns: Experts

Recent Saudi Arabian, Russian supply cuts reflect demand concerns: Experts

Recent Saudi Arabian, Russian supply cuts reflect demand concerns: Experts

By admin on July 10, 2023

Although there are short-term rises in oil prices due to production restrictions from Saudi Arabia, Russia, and Algeria, fears about weak oil demand limit price increases