Economy
Economy category that groups up-to-date and relevant content under a clear thematic scope for easier discovery and consistent editorial organization.
Bessent: If Democrats Win, Budget Deficit Reduction Plan Could Speed Up
Treasury Secretary Scott Bessent said that if Democrats gain a majority in the midterm elections, the Trump administration's plan to reduce the budget deficit could be accelerated.
China's consumer and producer inflation see moderate acceleration
China's August CPI rose 0.8% and PPI climbed 3.8%, indicating a modest acceleration in inflation, in line with economists' expectations.
Oil Prices Surge Past $100 a Barrel Amid Middle East Tensions
Brent crude futures climbed above $100 a barrel as Middle East conflicts intensified, raising concerns over supply disruptions.
US Secretary of State Rubio warns Iran will lose tankers if it targets them
Marco Rubio warned that Iran would lose tankers if it targeted U.S. warships, while the U.S. military reported destroying Iranian tankers in retaliation.
No Tax on Foreign Currency Gains: 2.2 Million Companies Face Bankruptcy Risk at High Interest Rates
In Turkey, 2.2 million companies are exempt from paying tax on foreign currency profits, while soaring interest rates and volatile exchange rates raise their debt‑service costs and bankruptcy risk.
Inflation is Burning, Economic Policy Should Not Have a Single Target
MÜSİAD President Burhan Özdemir introduced the upcoming MüSİAD EXPO 2026 and discussed the inflation and growth targets of the Medium‑Term Program 2027‑2029.
SPK Introduces Regulation to Address MSCI Criticisms
The Capital Markets Board (SPK) will adjust share ownership reporting and effective circulation calculations for Borsa Istanbul-listed companies to improve data accuracy for index providers like MSCI.
Economy Ministers Back National Women's Volleyball Team's 'Dezenformasyona Dur De' Campaign
Economy Ministers urged responsible sharing on social media by supporting the National Women's Volleyball Team's 'Dezenformasyona Dur De' campaign.
Economy Ministers Support 'Dezenformasyona Dur De' Campaign
Turkish Economy Ministers backed the 'Dezenformasyona Dur De' campaign by sharing a video from the National Women's Volleyball Team, urging responsible sharing of information on social media.
China Central Bank renews 22‑month gold buying spree by purchasing 650,000 troy ounces
China’s central bank bought 650,000 troy ounces of gold in August, extending its uninterrupted buying streak to 22 months and raising reserves to 2,386.6 tonnes.
Turkey's July 2026 Current Account Forecast
Economists predict Turkey will post a $582.3 million surplus in its July 2026 current account, while the annual deficit is expected to reach $51.54 billion.
Gold Rises 0.2% Amid Dollar Weakness
Gold edged up 0.2% to 6,874 TL per gram as the dollar weakened and the market for ounces rebounded, while investors await U.S. inflation data due Friday.