Economy

Economy Turkish Airlines’ first-half net Income at $423 million

Turkish Airlines’ first-half net Income at $423 million
Economy Fitch: Türkiye to remain major EM debt, sukuk issuer

Fitch: Türkiye to remain major EM debt, sukuk issuer
Global banks expect Turkish rate cut later this year

Global banks expect Turkish rate cut later this year

International banks have published updated inflation and interest-rate forecasts for Türkiye following the release of July inflation data, with BBVA Research expecting the policy rate to decline to 36 percent by year-end if conditions allow, while Citi maintained a cautious stance on monetary policy and Goldman Sachs argued that interest rates may need to remain elevated for longer.
Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Higher oil prices lift energy majors’ second-quarter profits

Higher oil prices lift energy majors’ second-quarter profits
ECONOMY Cathay Pacific says profit soars 71 pct in first half

Cathay Pacific says profit soars 71 pct in first half

Hong Kong carrier Cathay Pacific said on Aug. 5 that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war.
ECONOMY South Korea police raid Starbucks HQ over Tank Day fiasco

South Korea police raid Starbucks HQ over 'Tank Day' fiasco

South Korean police raided the Starbucks national headquarters on Aug. 5, the chain's local operator told AFP, following allegations an advertising campaign defamed activists slain in 1980 pro-democracy protests.
ECONOMY Indonesias economic growth slows in second quarter

Indonesia's economic growth slows in second quarter

Indonesia's economic growth slowed slightly in the second quarter of the year, though the data released by the statistics agency Wednesday still beat expectations thanks to strong household and government spending.
The Indian central bank holds rates as it assesses the Mideast shock. ECONOMY

The Indian central bank holds rates as it assesses the Mideast shock.
IMF forecasts double-digit growth for Syria in 2026 ECONOMY

IMF forecasts double-digit growth for Syria in 2026
Aselsan revenue rises 25 pct in first half ECONOMY

Aselsan revenue rises 25 pct in first half
Türkiye eyes new Gulf energy routes through Iraq ECONOMY

Türkiye eyes new Gulf energy routes through Iraq
Turkish auto market contracts 10.7 percent in January-July ECONOMY

Turkish auto market contracts 10.7 percent in January-July
Oil giant Aramcos profits soar 44 pct as war boosts prices ECONOMY

Oil giant Aramco's profits soar 44 pct as war boosts prices
HSBC announces share buy-back of up to $1 billion ECONOMY

HSBC announces share buy-back of up to $1 billion

British Banking giant HSBC said Tuesday it would buy back up to $1 billion of shares after a big jump in profits in the first half of 2026.
Higher jet fuel costs hit Lufthansa profit ECONOMY

Higher jet fuel costs hit Lufthansa profit

Profit at German aviation group Lufthansa plunged in the second quarter, the firm said Aug. 4, as higher jet fuel costs hit earnings.
Social media content boom drives surge in camera demand ECONOMY

Social media content boom drives surge in camera demand

The rapid growth of social media content creation, the expansion of the influencer economy, and the recurring popularity of analog and retro photography trends have significantly increased demand for cameras and recording equipment in Türkiye.
Turkish defense, aerospace exports rise 14.4 percent to $1.12 billion in July ECONOMY

Turkish defense, aerospace exports rise 14.4 percent to $1.12 billion in July

Türkiye’s defense and aerospace industry exports rose 14.4 percent year-on-year to $1.12 billion in July, the head of the country’s Defense Industries Secretariat said.
Türkiye exports first domestic diesel-electric locomotive to Africa ECONOMY

Türkiye exports first domestic diesel-electric locomotive to Africa

Türkiye has exported its first domestically produced diesel-electric shunting locomotive, the DE 10000, to Tanzania, Transport and Infrastructure Minister Abdulkadir Uraloğlu has said.
Tourists spend nearly $6 billion on food in Türkiye in first half ECONOMY

Tourists spend nearly $6 billion on food in Türkiye in first half

Tourists visiting Türkiye spent nearly $6 billion on food and beverages in the first six months of 2026, according to official data.
Türkiye’s exports hit all-time July high of $25.6 billion ECONOMY

Türkiye’s exports hit all-time July high of $25.6 billion

Türkiye’s exports rose 2.9 percent year-on-year to $25.6 billion in July, marking the highest export figure ever recorded for the month, Trade Minister Ömer Bolat said on Aug. 3.
Manufacturing PMI rises slightly in July ECONOMY

Manufacturing PMI rises slightly in July

The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 47.7 in July from 47.1 in June, but remained below the 50 no-change mark, according to a closely watched survey on Aug. 3.
New rules proposed for Türkiye’s car rental sector ECONOMY

New rules proposed for Türkiye’s car rental sector

The Trade Ministry has prepared new regulations requiring companies operating in the vehicle rental sector to obtain both an operating authorization certificate and a professional competency certificate, aiming to strengthen oversight and curb unregistered businesses.
Liechtensteins anti-money laundering data hacked: govt ECONOMY

Liechtenstein's anti-money laundering data hacked: gov't

Liechtenstein's government announced on Aug. 2 that unknown hackers last week accessed tens of thousands of files at a special register maintained to prevent money laundering and terrorist financing.
TotalEnergies says to buy Shells wind, solar business in Europe ECONOMY

TotalEnergies says to buy Shell's wind, solar business in Europe

French energy giant TotalEnergies said on Aug. 3that it had signed a deal with Shell to buy Shell's European onshore renewable energy businesses for an undisclosed amount.
Türkiye’s annual inflation eases to 31.75 pct in July ECONOMY

Türkiye’s annual inflation eases to 31.75 pct in July

Türkiye’s annual consumer inflation eased to 31.75 percent in July, according to official data released on Aug. 3.