Economy
Economy category that groups up-to-date and relevant content under a clear thematic scope for easier discovery and consistent editorial organization.
BoE Governor Bailey: Iran War and Weather Could Raise Inflation
Bank of England Governor Andrew Bailey warned that the war in Iran and extreme weather could accelerate inflation again due to their impact on energy markets.
Bitcoin Selling Pressure Increases: Buyers Lose Momentum at $78,419
Bitcoin is trading at $78,419, where short‑term technical indicators suggest growing selling pressure despite a daily uptrend. Key resistance lies at $79,182 and support at $76,905.
Major Changes in Credit Card Limits on the Horizon: Date Set
Banks will consider not only declared income but also actual income, debt burden, and repayment capacity when setting credit card limits. The new regulation will take effect on January 1, 2027.
Gold, After Three-Day Decline, Faces Critical Pivot at $4,350
Gold is seeking direction near $4,350 after a three‑day drop, with oil price rises, U.S. Treasury yields, and Fed expectations influencing the market.
Iraq Wants to Raise OPEC Production Quota by 6 Million Barrels a Day
Iraq has announced its desire to increase the OPEC production quota by 6 million barrels per day, supporting a target of 10 million barrels per day by 2030. The move comes amid OPEC+ setting a production ceiling of 4,431 million barrels and backing from IEA and Bloomberg data.
TCMB Cancels TRPOS Payment Institution's Operating License
The Central Bank of the Republic of Turkey revoked the operating license granted to TRPOS Payment Institution on June 20, 2013, as part of its efforts to tighten regulatory oversight of payment services.
Trump Praises AfD's Victory in Saxony-Anhalt
U.S. President Donald Trump hailed the Alternative for Germany (AfD) win in Saxony-Anhalt as a "great success," while the election saw the CDU fall to second place and the SPD slip to third.
Construction Cost Index Shows 28.33% Annual Increase in July 2026
Turkey's Statistical Institute reports that the construction cost index rose 1.15% from June and 28.33% from July 2025, reflecting ongoing cost pressures in the sector.
Özgür Bayram Soylu Criticizes OVP's Inflation Targets
Özgür Bayram Soylu criticized the OVP's plan to raise the 2026 CPI target to 28.4% and delay single‑digit inflation until 2029, arguing that the measures will keep living costs higher for three years and that the targets are unrealistic given past performance.
Analyst Warning of Diesel Crisis: Middle East and Russian Refineries Tighten Supply
Analysts warn that refinery disruptions in the Middle East and Russia are tightening diesel supply, keeping prices high and pressuring demand.
Gold Rises on Weaker Dollar Support
Gold climbed on Wednesday after a three‑day decline, buoyed by a modest drop in the dollar index and rising oil prices amid Middle East tensions.
Bessent Ready to Test Intervention in the Japanese Yen
U.S. Treasury Secretary Scott Bessent announced plans to intervene in the Japanese yen market, prioritizing a 30‑year first purchase and long‑term bond buybacks, while option markets react to the move.