TurkNet Breached? What Data Was Leaked? Statement from the Company

TurkNet, one of the internet service providers used by hundreds of thousands in Turkey, announced that it had detected a cyber attack targeting the organization. In the statement, it was revealed that some customers’ identity information, including names, phone numbers, and ID numbers, had been compromised, but financial data and user passwords were stated to […]

Gasoline prices increased

From tomorrow onwards, a price hike of 1 Turkish lira and 81 kurus will be applied to the price per liter of gasoline. Fluctuations in oil prices directly affect fuel prices. Starting from tomorrow, a price increase of 1 lira and 81 kurus has been implemented on the price per liter of gasoline. In Istanbul, […]

Proposal to increase retirement bonus approved by committee

The proposal to increase retirement bonuses from 3 thousand lira to 4 thousand lira was approved by the Planning and Budget Committee. With the law passing, holiday bonuses will be paid as 4,000 lira during Ramadan and Eid al-Adha. The one thousand lira increase in holiday bonuses is estimated to create an additional cost of […]

Chinese Support for AI Company Blacklisted by US

After facing US sanctions, Chinese artificial intelligence startup Zhipu AI received significant investment from the state. The Chinese government provided the company with millions of dollars in funding. Zhipu AI, a Chinese artificial intelligence startup, secured 500 million yuan (69.04 million dollars) in financing from the state-owned Huafa Group. The company had announced a 1 […]

OpenAI Seeks Exemption from Trump: “Competition with China Would Be Negatively Affected”

OpenAI has requested regulatory exemption from the Trump administration. The company is seeking privileges for firms collaborating with the government to ensure that the United States does not fall behind in the artificial intelligence race. The artificial intelligence initiative, OpenAI, has requested an exemption from the Trump administration. OpenAI asked for protection of artificial intelligence […]

Apple Losing its Safe Haven Appeal

The turbulent period in the US markets has also affected the confidence in Apple. Analysts have pointed out that the company’s shares may be more expensive compared to its competitors. Views on Apple’s safe haven potential from past years have started to change. It was mentioned that global trade uncertainties, reciprocal tariff applications between the […]

Increase of 4.5 billion dollars in Central Bank reserves

The total reserves of the Central Bank increased by 4.5 billion dollars last week, reaching 169 billion 915 million dollars. The Central Bank of the Republic of Turkey (CBRT) announced its weekly money and banking statistics. As of March 7, the Central Bank’s gross foreign exchange reserves rose by 3 billion 45 million dollars to […]

Global oil supply increased by 240 thousand barrels per day

The global oil supply increased by approximately 240 thousand barrels per day in February, reaching 103 million 250 thousand barrels. The International Energy Agency (IEA) reported that the global oil supply rose by around 240 thousand barrels per day compared to the previous month, reaching 103 million 250 thousand barrels in February. According to the […]

30% of the gas requirement towards 2030 will come from Sakarya

Minister of Energy and Natural Resources Alparslan Bayraktar stated that about 7.5 million cubic meters of gas is produced daily in the Sakarya gas field, emphasizing that “30% of our gas requirement towards 2030 will come from Sakarya.” Minister Bayraktar mentioned that energy demand in Turkey is increasing, leading to more investments in oil, natural […]

Central Bank: Strengthening the Disinflation Process

The Central Bank announced that the disinflation process will strengthen with real appreciation of the Turkish Lira and improvement in inflation expectations. The summary of the Central Bank’s Monetary Policy Committee (MPC) meeting was published. In the statement from the CBRT, it was noted that the determined stance in monetary policy strengthened the disinflation process […]