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2 executives from Turkey’s top business group face new charges over gov’t criticism

İstanbul prosecutors have filed a new indictment against two senior executives of the country’s leading business group after they criticized government policies in a...
Business

Turkey’s annual inflation eases to 37.9 percent

Turkey's annual inflation rate slowed in April for the 11th month in a row, official data showed Monday. Consumer price increases slowed to 37.9 percent,...
Business

Turkey detains 12 in stock market manipulation probe

Turkish authorities have detained 12 suspects for allegedly engaging in manipulative actions involving capital market instruments traded on the equity market of İstanbul’s stock...
Business

Turkish Airlines posts $47 million first-quarter loss despite revenue growth

Turkish Airlines reported a net loss of approximately $47 million in the first quarter of 2025, reversing a profit from the same period last...
Business

Turkey starts importing Russian anchovies despite being major global exporter

Turkey, one of the world’s top producers and exporters of anchovies, has for the first time begun importing the fish from Russia, according to...
Business

Turkey’s central government debt stock hits $268 billion: report

Turkey’s central government debt stock reached 10.27 trillion Turkish lira (roughly $268 billion) at the end of March, up from 9.26 trillion lira ($242...
Business

Turkey’s surprise rate hike draws mixed reactions as economists warn of deeper instability

Turkey’s central bank surprised markets on Thursday by raising its benchmark interest rate to 46 percent, a move that drew mixed reactions from economists...
Business

Turkey’s central bank raises benchmark interest rate to 46 percent

Turkey's central bank hiked its key interest rate to 46 percent on Thursday after a month of protests over the arrest of İstanbul's opposition...
Business

Turkey’s central bank posts another massive loss in 2024 around $18 billion

Turkey’s central bank reported a loss of 700.4 billion Turkish lira ($18.4 billion) for 2024, according to its balance sheet published in the Official...
Business

Erdoğan, finance minister see opportunity in US tariffs, do not expect disruptions

Turkish President Recep Tayyip Erdoğan and Finance Minister Mehmet Şimşek have adopted an optimistic stance in the face of new US tariffs, saying the...
Business

Turkey views Trump’s 10 pct tariff as ‘lesser evil’ amid global hikes: trade minister

Turkey is seeking to turn a 10 percent US import tariff imposed by President Donald Trump into a diplomatic and economic opportunity as higher...
Business

Turkey braces for fallout from Trump’s global tariff campaign

Turkey is preparing for the effects of a new 10 percent import tariff imposed by the United States, a measure announced by President Donald...
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