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....

Erdoğan, Sharif Engage in High-Level Talks to Boost Türkiye-Pakistan Ties

In a significant diplomatic engagement, Turkish President Recep Tayyip Erdoğan and Pakistani Prime Minister Shehbaz Sharif convened in Istanbul to discuss strategies for enhancing...

Türkiye, Kyrgyzstan Boost Trade and Connectivity in Strategic Partnership Agreement

Türkiye and Kyrgyzstan have pledged to further enhance their bilateral relationship by boosting cooperation in key areas such as trade, investment, and regional connectivity....

Turkey Achieves Record with Over $11 Billion in Annual Defense Exports

Türkiye has achieved a significant milestone in its defense industry, with defense and aerospace exports surpassing $11 billion over a 12-month rolling period for...

EU Enacts €3 Charge on Cheap Imports, Targets Chinese Online Retailers

The European Union has instituted a new customs handling fee of €3 ($3.40) on low-value e-commerce parcels entering its borders, a move aimed at...

Erdoğan, Wong Discuss Enhancing Turkey-Singapore Ties in High-Level Meeting

In a recent meeting, Turkish President Recep Tayyip Erdoğan and Singapore Prime Minister Lawrence Wong explored opportunities to deepen the bilateral relations between Türkiye...

US-Iran Agreement Lowers Oil Prices, Raises Strait of Hormuz Reopening Hopes

Global oil prices saw a significant drop following the announcement of an interim agreement between the United States and Iran aimed at ending months...

Engineer Alleges Termination After Voicing Grok Chatbot Safety Concerns

A former engineer at xAI, an artificial intelligence company founded by Elon Musk, has initiated legal action claiming wrongful dismissal after voicing concerns about...

Oil Dips Under $100, Boosting European Markets Amid Iran Peace Prospects

Oil prices experienced a significant drop on Monday, descending below the $100-a-barrel mark, as progress in the United States-Iran negotiations offered a glimmer of...

Mexico, EU Slash Trade Barriers, Strengthen Ties Amid Trump Tariffs.

Mexico and the European Union have finalized a revamped trade agreement aimed at reducing tariffs and bolstering economic ties. This move comes as both...

Erdoğan Emphasizes Importance of Strengthened Türkiye-EU Relations Amid Regional Tensions

In a recent phone conversation, President Recep Tayyip Erdoğan emphasized to European Commission President Ursula von der Leyen the critical role of Türkiye-European Union...