Business

Türkiye Launches Challenging Oil Exploration in Western Black Sea

Türkiye is set to embark on a technically challenging oil drilling venture in the western Black Sea as part of its ongoing initiative to boost domestic oil and natural gas reserves. Energy Minister Alparslan Bayraktar has highlighted the complexities of the drilling operation, which may require a significant amount of time to complete. By 2026, the nation aims to undertake six exploratory wells across...

Investors Brace for US Inflation Data with Gold Steady at $4,400

Gold prices are hovering near $4,400 an ounce as investors await new U.S. inflation data that could impact the Federal Reserve's upcoming interest-rate decisions. Spot gold saw a slight increase of around 0.4%, reaching approximately $4,418.87 an ounce, while gold futures rose to about $4,461.82. A declining U.S. dollar is bolstering gold's appeal, as the precious metal becomes more attractive in other currencies. The U.S....

Investors Rally as Anticipation of Rate Hikes Diminishes

Equity markets worldwide experienced an upswing on Friday as the likelihood of an imminent interest rate hike by the US Federal Reserve appeared to...

Google Successfully Defends Against US Antitrust Division Proposal

A U.S. judge has ruled against the Department of Justice's effort to compel Google to divest its advertising exchange, AdX, enabling the tech giant...

Turkey Finalizes Withdrawal from Foreign Exchange-Protected Deposit Program

Türkiye has successfully concluded its withdrawal from the FX-protected deposit scheme known as KKM, as official banking figures confirm the account volumes have dwindled...

Central Bank Boosts Türkiye’s Reserves by $40 Billion Since June

The central bank reserves of Türkiye have seen a significant increase, climbing by nearly $40 billion since the end of June. This surge has...

Anthropic Poised to Rival SpaceX with 2026’s Largest IPO Attempt

Anthropic is positioning itself as a formidable contender against SpaceX in the race for the largest initial public offering (IPO) slated for 2026. As...

Apollo Global Management to Acquire EasyJet in £5.7 Billion Deal

EasyJet has confirmed its acceptance of a £5.7 billion acquisition offer from Apollo Global Management, a US-based private equity firm, following the withdrawal of...

Erdoğan and Senegal President Enhance Trade, Defense Ties in Talks

In a recent phone conversation, Turkish President Recep Tayyip Erdoğan and Senegalese President Bassirou Diomaye Faye discussed ways to enhance bilateral relations, focusing on...

Google Penalized €890 Million by EU for Breaking Digital Competition Rules

Google has been fined €890 million by the European Union for violating the Digital Markets Act (DMA) due to its practices concerning its search...

Shares Drop as Tesla Reports Strong Revenue but Lower Profits

Tesla's second-quarter financial results fell short of Wall Street's profit expectations, despite exceeding anticipated revenue. This has led to a more than 3% decline...

Oil Prices Surge Past $90 Due to Hormuz Disruptions, Inventory Decline

Oil prices have seen their most significant weekly increase since April, with Brent crude nearing $85 per barrel after an 11% rise over the...

Apple Overtakes Nvidia, Now World’s Top Company by Market Value

Apple has reclaimed the title of the world's most valuable company, surpassing Nvidia as investor interest pivots towards the future of artificial intelligence. On...

Piyush Goyal, Finnish Ministers Negotiate India-EU Free Trade, Investment Opportunities

Union Commerce and Industry Minister Piyush Goyal recently engaged in separate dialogues with Finland's Deputy Prime Minister and Finance Minister Riikka Purra, alongside Minister...