US Secretary of Commerce Lutnick advocated for including desolate islands on the tariff list. Lutnick alleged that China and other countries exploit legal loopholes through such islands. As US President Donald Trump’s customs tariff policies continue to shake the world, US Secretary of Commerce Howard Lutnick argued that including islands with no human population on […]
With only a few days left until the end of the fishing season that began on September 1st, fishermen from the Black Sea are wrapping up a season filled with abundant catches. The season, which started with bonito, saw a variety of fish caught, diversifying dining tables. While agreeing that the season was not as […]
Minister of Treasury and Finance Mehmet Şimşek stated that he does not believe the recent turmoils will have a lasting impact. He emphasized that inflation has clearly decreased. Regarding developments in foreign trade, Şimşek mentioned, “We will be relatively less affected, as the domestic market is determinant for us.” Minister Şimşek is speaking at the […]
Cryptocurrencies suffered a sharp drop amid concerns over trade wars. Bitcoin fell to below $75,000 with a nearly 10% decrease in the last 24 hours. Meanwhile, Ethereum dropped to around $1,420. The uncertainty surrounding the ongoing customs tariff package by U.S. President Donald Trump led Bitcoin to drop below $75,000. According to data from the […]
Concerns over escalating trade wars caused oil prices to drop sharply. Brent crude oil fell to as low as $63, marking the lowest level in 4 years. Oil prices plummeted on the first trading day of the week following U.S. President Donald Trump’s strong rhetoric on trade tariffs and the announcement by the OPEC+ group […]
The selling pressure in global markets was also felt in Borsa Istanbul. The BIST 100 index started the week with a 2.80% decline. The BIST 100 index in Borsa Istanbul started the week at 9,117.38 points, down by 2.80%. At the opening, the BIST 100 index fell to 9,117.38 points, a decrease of 262.45 points […]
Minister of Treasury and Finance Mehmet Şimşek stated that he does not believe recent turbulence will have a lasting effect. Şimşek expressed that inflation has clearly decreased. Regarding developments in foreign trade, Şimşek stated, “We will be relatively less affected, as the domestic market is the determining factor for us.” Minister Şimşek is speaking at […]
In global markets, the tariff earthquake continues. US President Trump did not retract from tariffs, likening the market downturn to taking medicine. Selling intensified on Asian stock markets, with trading halted in Japan. Expectations for a swift interest rate cut from the Fed increased. As US officials signaled they would not back down on tariffs […]
The uncertainty in the markets also affected gold prices. The price of an ounce of gold fell to the $3,000 limit. Meanwhile, the price of a gram of gold dropped to the level of 3,700 Turkish Liras. Gold prices took a hit from the uncertainty in the global markets. The price of an ounce of […]
The Ministry of Trade has temporarily halted lemon exports as of April 8th. The decision regarding lemon exports was announced by the Ministry of Trade. In a statement released by the Ministry, it was noted that recent cold weather and frost incidents in certain regions of the country were taken into consideration. In order to […]
