Last week, President Trump issued an executive order to establish a sovereign wealth fund, a move that drew criticism from various ideological groups. The Treasury and Commerce secretaries now have 90 days to devise a comprehensive plan for this new initiative. The main objective of this endeavor goes beyond traditional economic and political objectives. The […]
American company Apple and Chinese company Alibaba are preparing for a partnership in artificial intelligence. Apple will offer an artificial intelligence application to iPhone users in China through Alibaba, in an effort to regain the market share it had lost in the country. Instead of teaming up with DeepSeek for providing AI features in China, […]
There was a 30 billion lira outflow from exchange rate protected deposit accounts last week. The decrease in exchange rate protected deposit accounts accelerated. According to the Banking Regulation and Supervision Agency (BDDK) data, there was a 30 million lira outflow from exchange rate protected TL deposits and participation accounts in the week of February […]
Denial of the allegations of a price hike on red meat has been issued. Istanbul Butchers Association President Tüfekçi stated that prices have been frozen until the end of Ramadan and there will be no price increase. Contrary to news claiming a 10-15% price hike on red meat before Ramadan, sector representatives have denied it. […]
A new era in electricity bills has begun as of February 1. Now, consumption exceeding 417 kilowatt-hours per month will not be supported. Here are the questions and answers about the new period in bills…The new era in electricity bills started as of February. There are 42.2 million residential subscribers nationwide, with approximately 1.2 million […]
The Competition Authority has taken action on red meat prices before the month of Ramadan. President Birol Küle stated, “We are warning all sectors, and if necessary, we will expand our inspections.” President of the Competition Authority, Birol Küle, issued a warning regarding price fluctuations in the red meat sector before the month of Ramadan […]
How many TL per dollar and euro? What was the latest dollar rate? Current situation in the foreign exchange rates in the interbank market… The Dollar/TL started the day trading at 36.1170 levels after a flat opening. Moving with an upward trend yesterday, the dollar/TL finished the day at 36.1040, 0.2% above the previous close. […]
Alibaba emerged as one of the biggest winners of the Chinese impact in artificial intelligence. The company’s shares surged by 46 percent, increasing its market value by $87 billion. Analysts noted that the luck of the company, going through tough times, surprisingly turned around. The e-commerce giant Alibaba became a favorite among investors once again, […]
Billionaire Jeff Bezos’s space company Blue Origin is preparing to lay off a significant number of employees to reduce costs. According to Bloomberg News, it is expected that the number of layoffs will exceed one thousand. Bloomberg News reported that the technology and space giant Blue Origin is gearing up for substantial layoffs to cut […]
A price increase for public transportation in Ankara has taken effect starting from Sunday, February 16th. As a result, the full fare ticket is now 26 TL, while the student ticket costs 13 TL. There has been a price increase for public transportation in Ankara. According to a statement from the Ankara Metropolitan Municipality, “The […]
