Business

Türkiye Unveils $551 Billion 2027 Budget, Focuses on Housing and Economic Growth

Türkiye has set forth a proposed budget for 2027 valued at approximately 27.28 trillion Turkish lira, or $550.8 billion, focusing on key priorities such as reducing inflation, boosting housing investments, enhancing employment, increasing exports, and fostering economic growth. Vice President Cevdet Yılmaz emphasized that the budget is designed to bolster economic resilience while simultaneously supporting investments and improving living standards, all amidst challenging global...

IMF Raises 2026 Growth Forecast Amid AI and Debt Stability Concerns

The International Monetary Fund (IMF) has revised its global economic growth forecast for 2026, predicting a slight increase to 3.1%, up from an earlier estimate of 3.0%. Despite this upward adjustment, the projected growth remains below the 3.5% expansion experienced in 2025. The IMF anticipates a growth rate of 3.4% for 2027, suggesting a modest upward trajectory in the global economy. The IMF attributes part...

Erdoğan and Prabowo Discuss Strengthening Trade and Defense Ties

In a recent phone conversation, Turkish President Recep Tayyip Erdoğan and Indonesian President Prabowo Subianto discussed strengthening the bilateral relationship between Türkiye and Indonesia....

Erdoğan Affirms Türkiye’s Capital Market Stability Amid Fund Investigation

Turkish President Recep Tayyip Erdoğan has reassured that Türkiye's capital markets remain robust despite recent disturbances in the investment fund sector. Following a Cabinet...

US, Denmark, Greenland Forge Arctic Deal Boosting Economic and Trade Opportunities

The strategic significance of the Arctic and North Atlantic regions has spurred a new trilateral agreement signed by US President Donald Trump, Danish Prime...

Turkey Initiates Strategic Oil Drilling in Western Black Sea Region.

Türkiye is poised to commence drilling operations for oil in the western Black Sea as part of its ongoing strategy to bolster local oil...

Gold Stabilizes at $4,400 Amid Anticipation of US Inflation Report

Gold prices are hovering near $4,400 an ounce as investors eagerly await new US inflation data that could shape expectations for the Federal Reserve's...

Business Optimism Rises as Interest Rate Concerns Diminish Globally

On Friday, global stock markets experienced an upswing, driven by diminishing expectations of an imminent interest rate increase by the US Federal Reserve. This...

Google Avoids Antitrust Breakup, Maintaining Market Dominance and Economic Influence.

A federal judge has decided against the Department of Justice's request to compel Google to divest its advertising exchange platform, AdX. This ruling allows...

Türkiye Finalizes Withdrawal from Forex-Linked Deposit Program, Impacting Economy.

Türkiye has officially concluded its withdrawal from the foreign exchange-protected deposit scheme, known as the KKM, as the number of accounts has dwindled to...

Central Bank Reserves in Türkiye Surge $40 Billion Since June

The reserves of Türkiye’s central bank have seen a substantial increase, climbing by nearly $40 billion since the end of June. This growth marks...

Anthropic Positioned to Rival SpaceX in 2026’s Largest IPO Battle

As the competition heats up for the largest initial public offering (IPO) of 2026, Anthropic is emerging as a formidable contender against SpaceX. The...

Apollo Global Management Acquires EasyJet in £5.7 Billion Deal.

In a significant development for the aviation industry, EasyJet has consented to a £5.7 billion acquisition by Apollo Global Management, a private equity firm...

Erdoğan, Senegal Leader Explore Economic Opportunities and Trade Partnerships.

In a recent phone conversation, Turkish President Recep Tayyip Erdoğan engaged with Senegalese President Bassirou Diomaye Faye to explore avenues for strengthening bilateral relations....