Consumers are cutting back spending on dining out or are opting for more budget-friendly restaurant options, says Kaya Demirer, the president of the Tourism Restaurant Investors and Gastronomy Enterprises Association (TURYİD).
Turkish Airlines is preparing to start flights from Istanbul to Denver in mid-June that will bring the number of destinations the flag carrier flies to the U.S. to 14.
The number of Türkiye-based companies developing artificial intelligence (AI) products has risen to 1,195 in 2024, according to a report by the Istanbul Chamber of Commerce’s (İTO) Strategic Research Center (İTOSAM).
TikTok and its Chinese parent company ByteDance have filed a legal challenge against the United States, taking aim at a law that would force the app to be sold or face a U.S. ban.
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit Suisse.
Oil giant Saudi Aramco announced first-quarter net profit of $27.27 billion on yesterday, down 14.5 percent from last year as the Gulf kingdom kept production cuts in place.
U.S. air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday.
The combined profit of Turkish banks increased by 44.7 percent in the first quarter of 2024 from a year ago to 153.5 billion Turkish Liras ($4.8 billion).
A monthly quota introduced in August last year on unprocessed gold imports is helping reduce the current account deficit, the Treasury and Finance Ministry has said.
Türkiye Tourism Promotion and Development Agency (TGA) has signed a memorandum of understanding with Emirates.
Amazon said Tuesday it would invest U.S.$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city.
The first crewed flight of Boeing's Starliner spaceship was dramatically called off just two hours before launch after a new safety issue was identified, officials said Monday, pushing back a high-stakes test mission to the International Space Station.
Counterfeit shoes are estimated to cost Türkiye, including tax and job losses, at least 30 billion Turkish liras ($927 million) each year, also hurting the footwear industry.
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China.
Companies that were found to have engaged in exorbitant price increases and stockpiling were slapped with a total administrative fine of 355.8 million Turkish Liras ($11 million) last year, the Trade Ministry has announced.
Australian airline Qantas agreed to pay a $66 million fine on Monday after a bruising "ghost flights" scandal, following accusations it kept selling seats on long-canceled trips.