Economy

Economy

Exports decline, trade deficit widens by 57 percent in March

Oil rallies, stocks drop as Trump dampens Mideast hopes

World Bank official 'extremely concerned' over Iran war fallout

The World Bank is "extremely concerned" about the effect the war on Iran will have on inflation, jobs and food security, and is in talks with member states on how to address immediate needs in the crisis, a top official has told AFP.

Poland, Romania ordered to pay Pfizer for unpaid Covid vaccines

A Brussels court on Wednesday ordered Poland and Romania to pay Pfizer/BioNTech for unpaid anti-Covid vaccines, after the two countries stopped payments when the pandemic subsided.

SpaceX files initial paperwork to sell shares to the public

Elon Musk's space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world's first trillionaire.

Türkiye’s auto market contracts nearly 13 percent in March

Türkiye’s automobile and light commercial vehicle market shrank by 12.75 percent in March compared with the same month of 2025, totaling 101,997 units, according to data from the Automotive Distributors and Mobility Association (ODMD).

Regional conflict ‘may tilt jewelry trade in Türkiye’s favor’

Türkiye’s crude steel output rises 3.4 percent in February

Consumer price inflation in Istanbul slows in March

Gas source diversification gives Türkiye flexibility, says energy minister

Türkiye can move up global value chain, says Şimşek

Banking sector profit rises 43 percent in January-February

PMI retreats from 22-month high to 47.9 in March: Survey

After hitting a 22-month high of 49.3 in February, the headline Istanbul Chamber of Industry Türkiye manufacturing PMI dropped to 47.9 in March, its lowest in five months, S&P Global said on April 1.

Made with Sweden in Türkiye

While many countries are turning inwards, Sweden is choosing a different path.

OpenAI raises $122 billion in boosted funding round

OpenAI said that the startup was valued at $852 billion in a freshly closed funding round that raised $122 billion.

At gas stations, Americans say they're 'paying the price' of war

At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard.

Spain expects Mideast conflict to contribute to tourism boom

Spain's government said it expected the Middle East war to contribute to a bumper tourist season, but warned that the crisis could also drag down a key driver for the Spanish economy.

Business sentiment among Japanese manufacturers rise

Business sentiment among major Japanese manufacturers rose to 17 in March from 16, according to the Bank of Japan’s quarterly survey released Wednesday.

March monthly inflation seen at 2.4 percent

Economists participating in Anadolu Agency’s survey forecast that Türkiye’s Consumer Price Index (CPI) rose by 2.4 percent in March on a monthly basis.

Turkish exporters feeling the pinch from Middle East tensions

Türkiye’s exporters are feeling the strain from the fallout in the Middle East, with shipments to Gulf countries on the decline.

Foreign trade gap widens 16 percent to $9 billion in February

Türkiye's foreign trade deficit was at $9 billion in February, enlarging by 15.9 percent on a yearly basis, the Turkish Statistical Institute (TÜİK) said on March 31.

Iran war exerts cost-push pressure on inflation, says Turkish Central Bank governor

The governor of the Turkish Central Bank said ongoing tensions in the Middle East have driven a sharp rise in energy prices, adding cost-push pressure on inflation and indirectly affecting prices across sectors.

Eurozone inflation jumps to 2.5 pct in March as energy prices surge

Eurozone inflation leaped in March owing to surging energy prices caused by the Middle East war, official data showed Tuesday, the highest level since January 2025.

Türk Telekom showcases 5G strength at event in Istanbul

Türk Telekom has shared its vision for 5G, set to be launched on April 1, at a 5G gala held at the Atatürk Cultural Center (AKM) in Istanbul.