Wildfires near Bordeaux bring more troubles to France’s wine industry

Cuba says three quarters of hotels shuttered

Mideast war supercharges electric car sales: IEA

Samsung quarterly operating profit up 1,800% on AI boom

World oil prices jump 5% on Mideast strikes

Hotel Okura partners with KK Universal for first Türkiye project

BMW aims to cut 8,000 jobs by end 2027: company source

Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told AFP on July 29.

US Fed expected to hold rates steady as inflation hawks circle

U.S. Fed expected to hold rates steady as inflation hawks circle The U.S. Federal Reserve is expected to hold interest rates steady on July 29, but with surging inflation fuelled by President Donald Trump's war on Iran, analysts say some policymakers will dissent in favor of a rate hike.

US imposes additional 12.5 percent tariff on Turkish apparel

The Office of the United States Trade Representative (USTR) has announced additional customs duties of 10 percent or 12.5 percent on imports from 60 trading partners following investigations conducted under Section 301 of the Trade Act of 1974 concerning the prohibition and enforcement of restrictions on goods produced through forced labour.

WTO sides with China over Türkiye in electric car trade case

The World Trade Organization (WTO) has ruled against Türkiye in a dispute involving duties on imported Chinese electric cars, a report said on July 28.

UBS says second-quarter net profit up 17 pct to $2.8 billion

Swiss banking giant UBS reported Wednesday that net profit rose 17 percent to $2.8 billion in the second quarter, driven by its investment banking arm.

Trump speech bet costs teleprompter operator Job

A White House teleprompter operator who was put on unpaid leave after news reports he had used inside knowledge to make bets about President Donald Trump’s speeches on the online prediction market Kalshi is no longer in his post, according to a White House official.

US government bans humanoid robots manufactured abroad

U.S. President Donald Trump's administration has added humanoid and quadruped robots to a list of products and companies that are banned from being imported into the United States on national security grounds.

SK hynix posts 1,200 pct net profit boost on AI chip boom

South Korea's SK hynix said July 29 second-quarter net profit soared a whopping 1,242 percent year-on-year, driven by the artificial intelligence industry's explosive demand for its advanced memory chips.

TOKİ housing output reaches 1.76 million units

Türkiye’s state housing agency has built more than 1.75 million homes nationwide, 91 percent of which were classified as social housing, according to a government report.

Turkish Petroleum to acquire 15 pct stake in BP’s Kirkuk unit

Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has agreed to acquire a 15 percent stake in BP Energy Company of Kirkuk Limited, joining BP and ConocoPhillips in the redevelopment of several major oil and gas fields in northern Iraq.

Türkiye offers 10-year funding for SME transformation

Türkiye will provide eligible organizations supporting the digital, lean and green transformation of small and medium-sized enterprises with annual grants of up to 6.5 million Turkish Liras for 10 years, Industry and Technology Minister Mehmet Fatih Kacır has said.

Türkiye emerges as key alternative trade and logistics hub

Türkiye has been preparing since 2007 to capitalize on shifting global trade routes by diversifying its logistics network and investing in alternative transport corridors, OMSAN Logistics board chairman Ergun Arıburnu said, highlighting the country’s growing role as a regional logistics hub.