Economy
Economy category that groups up-to-date and relevant content under a clear thematic scope for easier discovery and consistent editorial organization.
China's Producer Prices Rise 3.8% YoY in August
China's Producer Price Index climbed 3.8% year‑over‑year in August, while the Consumer Price Index rose 0.8%. Ongoing Middle East tensions continue to push energy costs higher, supporting the uptick in producer prices.
New Fuel Price Pressure: Refinery Margins Tripled
The US/Israel-Iran conflict and Ukraine's attacks on Russian refineries increased risks in the Strait of Hormuz, raising gasoline and diesel prices and tripling refinery margins.
Copper Prices Rise 47% This Year, Reaching Twice the Increase of Gold
Copper prices climbed to $14,533 per ton, a 47% increase this year, doubling the 21% rise in gold. Demand from AI data centers, renewable energy projects, and grid upgrades, combined with supply constraints, pushed prices higher.
Oil Prices Surpass $100 as Middle East Tensions Drive Prices Up
Oil prices rose above $100 a barrel amid escalating geopolitical tensions in the Middle East.
NTT DATA Transformation NOW 2026: AI Brings New Business Models to the Forefront
As AI’s role in business models and decision‑making grows, NTT DATA Business Solutions Turkey will host its sixth Transformation NOW! event, bringing leaders from various sectors together around experience, technology, and transformation.
U.S. Consumer Credit Rises to $5.19 Trillion in July, Up $18.1 Billion
The Federal Reserve announced that U.S. consumer credit increased by $18.1 billion in July, reaching $5.19 trillion and exceeding market expectations of $11.9 billion.
Energy Supply and Fed Concerns Shake Global Markets
While U.S.-Iran tensions threaten energy supply, Brent is approaching $100. Rising bond yields and the Fed's expected rate hike are putting pressure on markets; the AI sector, however, supports risk appetite in technology stocks.
TMO Pays Producers: Grain and Hops Payments Deposited into Accounts
The Topsoil Products Office (TMO) announced that payments for grain purchases made between August 13‑19 and hops capsules delivered between August 19‑25 have been transferred to producers’ bank accounts.
Europe's Natural Gas Prices Rise to 80.98 Euro
European natural gas prices climbed to 80.98 euros per MWh in the fourth session, the highest since January 2023, driven by heightened tensions in the Gulf of Basra, low inventories, and global supply concerns.
Copper Prices Reach Record High: All-Time Peak
Copper prices climbed to $14,533 on the LME, hitting an all‑time high as U.S. tariff speculation and supply concerns lift the metal.
China's Oil Demand Will Decline in 2026
China's oil demand is projected to fall to 600,000 barrels per day in 2026, an 8.9% drop from the previous year.
Iran Uses Crypto Assets to Circumvent U.S. Sanctions
Iran has begun using Bitcoin and Tether as alternative payment channels in foreign trade to bypass U.S. sanctions, with the Central Bank and exporters seeking to strengthen economic resilience.