Former Family and Social Services Minister Fatma Betül Sayan Kaya resigned from the ruling Justice and Development Party (AKP) as she and her husband were questioned as suspects in an ongoing fund investigation.
After simmering below the surface for years, anger at unaffordable housing in Spain has bubbled over and precipitated a general election that will be dominated by the crisis.
The International Monetary Fund has reached a staff-level agreement with Pakistani authorities, the organization said, a step forward in securing a multi-billion dollar bailout deal with the global lender.
Samsung Electronics forecast on Oct. 8 that a more than 780 percent leap in third-quarter operating profit from a year earlier, buoyed by high memory chip prices as AI fuels a global supply shortage.
India's central bank hiked interest rates for the first time in more than three years on Oct. 7, as the Middle East conflict stokes inflation in Asia's third-largest economy and batters a weakened rupee.
Japanese authorities raided four major beer manufacturers on Oct. 7 over suspicions they colluded to hike beverage prices in a violation of anti-monopoly laws, a source familiar with the matter and the firms said.
Europe, spurred on by France, wants to provide support for its crucial chemical industry, which is struggling with high energy costs and global competition.
Tighter economic policies and higher prices for imported energy are projected to slow growth in Türkiye to 2.8 percent in 2026 from 3.7 percent in 2025, said the World Bank.
Central bank governors and high-level policymakers from around the world will convene on Oct. 8 for the Istanbul Economic Forum.
The ruling Justice and Development Party (AKP) is preparing legislation on investment fund liquidations and repayments, with initial payments to investors expected this month, according to party sources.
Most of the money withdrawn recently from money market and similar funds has moved into bank deposits, Central Bank Governor Fatih Karahan told lawmakers on Oct. 6.
Authorities have compiled lists of investors who generated outsized gains from funds over short periods as part of an ongoing investigation into alleged market manipulation, Justice Minister Akın Gürlek said on Oct. 6.
German factory orders fell faster than expected in August, official data showed on Oct. 6, underscoring the fragility of a recovery in Europe's biggest economy.
Türkiye’s cooler-than-anticipated September inflation has bolstered analysts’ confidence that the Central Bank will lower interest rates by 100 basis points at its Oct. 22 meeting.
Türkiye’s combined electricity generation from solar and wind power reached a record 9.9 billion kilowatt-hours in August, the Energy and Natural Resources Ministry said on Oct. 6.
Türkiye’s foreign trade volume conducted in Turkish Lira rose 13 percent year-on-year in the January-September period, reaching 1.2 trillion liras, according to data from the Trade Ministry.
ECONOMY
