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Category: Economy

Turkish banking sector posts net profit of nearly .8B in Q1
Economy

Turkish banking sector posts net profit of nearly $4.8B in Q1

May 7, 2024May 7, 2024

Türkiye’s banking sector posted a internet revenue of TL 153.5 billion ($4.75 billion) within the first three months of the yr, the nation’s banking watchdog

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In indirect jab at Trump, Yellen says threats to democracy risk US growth
Economy

In indirect jab at Trump, Yellen says threats to democracy risk US growth

May 6, 2024May 6, 2024

U.S. Treasury Secretary Janet Yellen has warned of the detrimental results a fractured democracy can have on the economic system, not directly referencing former President

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US hiring slows in April, unemployment rate ticks up to 3.9%
Economy

US hiring slows in April, unemployment rate ticks up to 3.9%

May 5, 2024May 5, 2024

The U.S. economic system added fewer jobs in April than analysts anticipated, and annual wage features slowed whereas unemployment edged up, the official knowledge confirmed

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S&P upgrades Türkiye’s credit rating, keeps outlook positive
Economy

S&P upgrades Türkiye’s credit rating, keeps outlook positive

May 4, 2024May 4, 2024

The credit standing company Standard & Poor’s (S&P) upgraded Türkiye’s credit standing from B to B+ and saved its outlook optimistic. According to a press

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Türkiye stops all trade activities with Israel over Gaza atrocities
Economy

Türkiye stops all trade activities with Israel over Gaza atrocities

May 3, 2024May 3, 2024

Türkiye halted all commerce exercise with Israel as of Thursday over the nation’s continuous violence towards Palestinians in Gaza, based on a press release made

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Bitcoin Dives Below ,000 After 2 Months | TR Daily News
Economy

Bitcoin Dives Below $57,000 After 2 Months | TR Daily News

May 2, 2024May 2, 2024

Bitcoin on Wednesday dove beneath the $57,000 stage for the primary time in additional than two months. That marked the bottom stage for the world’s

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McDonald’s reports mixed Q1 performance amid Mideast pressure
Economy

McDonald’s reports mixed Q1 performance amid Mideast pressure

May 1, 2024May 1, 2024

Fast meals service retailer McDonald’s reported blended quarterly outcomes on Tuesday however mentioned larger U.S. gross sales within the first quartal helped it overcome weak

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Turkish fast delivery firm Getir pulls out of Europe, US markets
Economy

Turkish fast delivery firm Getir pulls out of Europe, US markets

April 30, 2024April 30, 2024

Turkish quick supply firm Getir formally introduced on Monday it was withdrawing from its European and U.S. markets to concentrate on the primary Turkish market,

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Türkiye eyes B trade with Germany, calls for customs union revamp
Economy

Türkiye eyes $60B trade with Germany, calls for customs union revamp

April 29, 2024April 29, 2024

The priceless businesspeople of Türkiye and Germany will hopefully attain the goal of $60 billion in commerce quantity between the 2 nations in a few

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Türkiye, Kazakhstan agree to boost mining, electricity cooperation
Economy

Türkiye, Kazakhstan agree to boost mining, electricity cooperation

April 28, 2024April 28, 2024

Türkiye and Kazakhstan are ramping up cooperation and can strengthen their collaboration within the fields of mining and electrical energy, prime official mentioned on Thursday.

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