International credit rating agency Fitch Ratings reported that the credit ratings of Germany and the UK have been confirmed. According to the statement from the credit rating agency, Germany’s long-term foreign currency credit rating was affirmed as “AAA” with a “stable” outlook. The announcement highlighted that Germany’s credit rating is supported by its high per […]
US Treasury Secretary Scott Bessent stated that after the dispute between US President Donald Trump and Ukrainian President Volodymyr Zelensky, “it’s very hard to make an economic deal with a leader who doesn’t want a peace agreement.” In an interview with Bloomberg TV, Bessent described the discussion between Trump and Zelensky as “one of the […]
The international credit rating agency Standard & Poor’s (SP) has downgraded France’s credit rating outlook to negative.The rating agency has published its evaluation of the French economy. The statement confirmed that France’s long and short-term foreign and local currency credit rating remains “AA-/A-1+.” It was noted that the country’s deteriorating public finances led to the […]
The Central Bank of the Republic of Turkey (CBRT) announced that the monthly growth limit for foreign currency loans has been reduced from 1% to 0.5% and the scope of exempted foreign currency loans has also been narrowed. The CBRT stated on its website that, in order to support a tight monetary stance considering the […]
Research on the declaration period for those earning rental income has begun. Property owners earning annual rental income of over 33,000 lira from residential properties and over 230,000 lira from commercial properties will be liable to pay income tax. Those earning rental income below the exemption amount will not be required to declare it. So, […]
Washington lawmakers are exploring ways to update labor statutes, with bipartisan support for assisting the growing self-employed workforce through portable benefits. Recently, Rep. Kevin Kiley introduced a bill to enable benefits for all workers, extending beyond traditional employment arrangements. Both Republican and Democratic leaders including Senator Bill Cassidy and Senator Mark Warner, among others, have […]
After a quarter of a century of the introduction of the euro, the European Union is currently grappling with a significant dilemma, as the two leading economies, Germany and France, face hurdles in enhancing their competitiveness while operating under coalition governments. This predicament is unfolding amidst escalating security threats and the uncertainty surrounding President Trump’s […]
Beneficiaries of agricultural support payments are closely monitoring the latest status of the payments. Support payments are deposited into accounts on different dates depending on the provinces, and can easily be queried online. So, when will agricultural support payments be made? Minister of Agriculture and Forestry, İbrahim Yumaklı, shared details about agricultural support payments. Minister […]
Amazon took a significant step in quantum computing by introducing the first quantum chip Ocelot. This new chip from the company has the potential to reduce quantum error correction costs by up to 90%. Inspired by Schrödinger’s Cat thought experiment, Ocelot uses a technology called “cat qubit” to suppress specific types of errors naturally, reducing […]
The growth rates of OECD countries have been announced. Turkey and Spain shared the top spot with a growth rate of 3.2%. Turkey continues its growth with the economic program implemented last year and the performance it has showcased. Turkey shared the first place among the Organisation for Economic Co-operation and Development (OECD) countries with […]
