OpenAI beefs up GPT models in AI race with Google

Windswept Kazakh rail hub at the heart of China-Europe trade

Annual inflation to hit 20 pct range by early 2026, says Şimşek

Central Bank cuts policy rate by 150 bps to 38 percent

Rate cut decision was not an easy one, says Fed’s Powell

Istanbul leads country in economic output share last year: TÜİK

Minimum wage commission set to hold first meeting

Türkiye’s Minimum Wage Determination Commission will hold its first meeting on Dec. 12, to negotiate the new wage level that will affect millions of workers across the country.

Gasoline and diesel car market share continues to shrink

In the first 11 months of the year, the share of gasoline-powered cars in Turkish auto sales fell from 62 percent to 47.2 percent, and diesel cars from 10.1 percent to 7.4 percent,

Türkiye aims for $5 billion trade volume with Qatar

Treasury and Finance Minister Mehmet Şimşek said the recently implemented Türkiye-Qatar Trade and Economic Partnership Agreement — which significantly liberalizes bilateral trade — is expected to push the two countries’ trade volume to $5 billion in the short term.

Retail sales climb 15 percent year-on-year in October

Türkiye's retail sales surged 15 percent year-on-year in October, the Turkish Statistical Institute (TÜİK) said on Dec. 11.

AI's $400 bln problem: Are chips getting old too fast?

In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment.

Trump launches long-promised 'gold card' program

President Donald Trump has announced that his long-promised “ gold card ” was officially going on sale, offering legal status and an eventual pathway to U.S. citizenship for individuals paying $1 million and corporations ponying up twice that per foreign-born employee.

Portugal fears disruption in first general strike in 12 years

Portugal braced Thursday for its first general strike in 12 years, as unions urge action against the right-wing minority government's planned workers' rights reforms.

Mexico raises tariffs on Chinese imports

Mexican lawmakers have backed a measure to raise tariffs on goods from China and other countries that do not have trade agreements with Mexico, despite strong pushback from Beijing.

Divided US Fed makes third straight rate cut on jobs risks

A divided U.S. Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, flagging labor market concerns even as inflation remained elevated as President Donald Trump's tariffs bite.

Industrial, services companies take lead in innovation

A new survey indicates that 39.6 percent of enterprises with 10 or more employees were innovation-active during 2022–2024, compared with 39.8 percent in the previous period of 2020–2022, data from the Turkish Statistical Institute (TÜİK) showed on Dec. 10  

YEKA tenders generate 530 million euros in revenue

Renewable Energy Resource Zone (YEKA) tenders held this year for solar and wind projects have generated approximately 530 million euros in revenue for the state, Energy Minister Alparslan Bayraktar has stated.  

Türkiye's industrial production increases 2.2 percent in October

Türkiye's industrial production increased by 2.2 percent year-on-year in October, the Turkish Statistical Institute (TÜİK) announced on Dec. 10.