Latest Economy News contentTypes.economy
Türkiye and UK sign new pacts, targeting $40 billion in bilateral trade
Türkiye and the United Kingdom have signed a new Joint Economic and Trade Committee Action Plan and a mutual recognition agreement during high-level talks in London. The moves aim to significantly boost bilateral trade toward a target of $40 billion.
08 January 2026
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Trump proposes $1.5 trillion defense budget for 2027, funded by tariffs
President Donald Trump has announced a proposal for a $1.5 trillion U.S. military budget in 2027, stating the increase over an earlier $1 trillion plan is necessary for national security. He claimed the funding would come from revenue generated by customs tariffs.
08 January 2026
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Azerbaijan to deliver second fuel shipment to Armenia amid normalization
Swedish Foreign Minister Tobias Billström, in a major address, rejected a global order where major powers act unilaterally without regard for international law. He emphasized the critical role of multilateral institutions and rules-based cooperation for maintaining stability.
08 January 2026
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China calls US oil demand in Venezuela 'typical bullying,' violates sovereignty
China has condemned the US demand for an exclusive oil partnership with Venezuela as a "typical bullying" act that violates international law and Venezuelan sovereignty. The statement followed reports that Washington demanded Caracas expel Chinese, Russian, Iranian, and Cuban economic interests.
07 January 2026
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Turkish stock market's BIST 100 index breaks 12,000 barrier for first time
Türkiye's benchmark BIST 100 stock index surged past the 12,000-point threshold for the first time on Tuesday, closing at a record high. The index gained 2.75% in a broad-based rally, reflecting strong investor confidence amid positive economic signals.
07 January 2026
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Türkiye’s economic momentum boosts confidence in 2026 targets
A broad set of macroeconomic indicators in Türkiye, from growth and exports to inflation and credit risk, are reinforcing optimism for 2026. Record export figures, easing inflation, a sustained current account improvement and falling CDS premiums are reshaping expectations, while markets and employment data point to a more balanced and resilient economic outlook.
07 January 2026
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US awards $2.7 billion to boost domestic nuclear fuel production
The U.S. Department of Energy has allocated $2.7 billion in contracts to three companies to strengthen domestic uranium enrichment capabilities over the next decade. The move aims to secure a national nuclear fuel supply chain and reduce dependence on foreign sources.
06 January 2026
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Türkiye's annual inflation eases to 30.89% at year-end 2025
Türkiye's annual inflation rate decreased to 30.89% in December 2025, down slightly from 31.07% in November. The 12-month average inflation for the year fell to 34.88%, a significant drop from 58.51% in 2024.
05 January 2026
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Trump backs bill to tax buyers of Russian oil with tariffs plan
US President Donald Trump said Congress is preparing legislation that would allow rapid tariff increases on countries purchasing Russian oil, aiming to squeeze Moscow’s war revenues. Speaking aboard Air Force One, Trump and allied lawmakers framed the move as leverage to accelerate an end to the Ukraine war, while also addressing and dismissing claims of a Ukrainian strike on Russia.
05 January 2026
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Trump blocks Chinese-linked firm's US chip acquisition on security grounds
US President Donald Trump has signed an executive order blocking the acquisition of semiconductor-related assets from US firm Emcore Corp. by the Chinese-controlled company HieFo Corp., citing national security risks. The order, issued Friday, represents the latest move in Washington's campaign to restrict Chinese access to advanced American chip technology.
03 January 2026
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Turkish Airlines to build world's largest cargo terminal with $2.3B investment
Turkish Airlines has announced a massive investment exceeding 100 billion Turkish liras (over $2.3 billion) to construct what it claims will be the world's largest cargo terminal and in-flight catering facility. The project is expected to create 26,000 new jobs, significantly boosting the national carrier's logistics capacity.
02 January 2026
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Türkiye prioritizes disinflation and sustainable growth for 2026
The Turkish economy enters 2026 with a dual focus on sustaining its disinflation progress and achieving stable, long-term growth. Key data releases, central bank meetings, and international trade diplomacy are set to dominate the year's economic agenda.
01 January 2026
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Air China to purchase 60 Airbus A320neo jets in $9.5 billion deal
China's flag carrier, Air China, has signed an agreement to acquire 60 new A320neo aircraft from Airbus in a deal valued at approximately $9.53 billion. The planes are scheduled for delivery between 2028 and 2032, pending shareholder and regulatory approval.
31 December 2025
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Fed minutes reveal caution among some officials over further rate cuts
Minutes from the US Federal Reserve's December policy meeting revealed a cautious stance among some officials regarding additional interest rate reductions. While a majority supported the recent quarter-point cut, some policymakers advocated for keeping rates unchanged amid concerns over persistent inflation.
31 December 2025
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Spain's HURJET deal with Türkiye unlocks new export opportunities, official says
Türkiye's landmark defense export deal with Spain, involving 30 domestically produced HURJET training aircraft, has created significant new opportunities for further exports and technological cooperation, according to a top Turkish defense official. The €2.6 billion agreement was finalized on Monday.
31 December 2025
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Türkiye advances free trade talks with UK and Gulf Cooperation Council
Turkish Trade Minister Omer Bolat has announced ongoing negotiations to expand the goods-only free trade agreement with the United Kingdom to include services, with a target effective date in the latter half of 2026. Simultaneously, Türkiye continues free trade talks with the Gulf Cooperation Council (GCC), building on existing pacts with the UAE and Qatar.
30 December 2025
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New global trade, tax and security rules take effect from January 1
A significant wave of new international regulations covering trade, taxation, and security is set to come into force on January 1, affecting commerce and policy in the EU, US, China, and beyond. The changes span carbon pricing, consumer safety, cryptocurrency, and data security.
29 December 2025
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Turkish banking sector net profit reaches $19.9 billion in November
Türkiye's banking sector posted a net profit of $19.92 billion (₺842.84 billion) in November, marking a 17.3% year‑on‑year increase. Total assets stood at $1.06 trillion, with strong capital adequacy and a low non‑performing loan ratio.
29 December 2025
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Minister Bolat: Tobacco products worth ₺1.359 billion seized in Türkiye in 2025
Trade Minister Ömer Bolat announced that Turkish authorities seized tobacco and tobacco products worth ₺1.359 billion in 2,434 separate incidents in 2025. He also reported the seizure of 33.6 tons of narcotics valued at ₺45 billion during the same period.
29 December 2025
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