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US Treasury chief Yellen ‘probably done’ serving after Biden term
US Treasury chief Yellen ‘probably done’ serving after Biden term
By admin on August 20, 2025 |
Business
- Business
U.S. Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after the term of President...
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Apple’s upcoming iPhone to bring tech trendsetter into age of AI
Apple’s upcoming iPhone to bring tech trendsetter into age of AI
By admin on August 20, 2025 |
Business
- Business
Monday is a big day for Apple as it is finally set to introduce its newest lineup of iPhone smartphones. It is all but set...
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Greek post-crisis bank privatizations to wrap up with October sale
Greek post-crisis bank privatizations to wrap up with October sale
By admin on August 20, 2025 |
Business
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Greece aims to complete the re-privatization of its banks by early October with the sale of its remaining stake in National Bank (NBG), according to...
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Türkiye, Sweden aim to lift trade volume above $5 billion
Türkiye, Sweden aim to lift trade volume above $5 billion
By admin on August 20, 2025 |
Business
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Trade Minister Ömer Bolat conveyed on Tuesday the target of lifting bilateral trade volume between Türkiye and Sweden above $5 billion in the near future...
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US trade deficit widens in July to highest since mid-2022
US trade deficit widens in July to highest since mid-2022
By admin on August 17, 2025 |
Business
- Business
The U.S. trade deficit widened sharply in July to reach the highest level since mid-2022, according to government data released Wednesday, as imports rose more...
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‘Dieselgate’ charges ‘implausible,’ Ex-Volkswagen chief tells court
‘Dieselgate’ charges ‘implausible,’ Ex-Volkswagen chief tells court
By admin on August 17, 2025 |
Business
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Former chief executive of Volkswagen Group on Wednesday said the charges against him were "implausible" as he testified at his trial over the "dieselgate" scandal...
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Volvo Cars abandons ambitious 2030 goal to be fully electric
Volvo Cars abandons ambitious 2030 goal to be fully electric
By admin on August 17, 2025 |
Business
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Swedish automaker Volvo Cars said Wednesday it was abandoning its 2030 goal to be fully electric due to a lack of infrastructure to support EVs,...
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Ex-Lebanese central bank governor charged with embezzling $42M
Ex-Lebanese central bank governor charged with embezzling $42M
By admin on August 17, 2025 |
Business
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Lebanese authorities on Wednesday charged the country's embattled former central bank governor with the embezzlement of $42 million, according to three judicial officials. Riad Salameh,...
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World Bank moves to secure Pacific Island finances with $68M boost
World Bank moves to secure Pacific Island finances with $68M boost
By admin on August 17, 2025 |
Business
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The World Bank's board has approved a $68 million program to prevent Pacific Island nations from being cut off from the international financial system that...
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China vows $51B boost for Africa, pledges jobs, infrastructure
China vows $51B boost for Africa, pledges jobs, infrastructure
By admin on August 17, 2025 |
Business
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Chinese President Xi Jinping pledged on Thursday to step up China's support to the world's fastest-growing continent with nearly $51 billion in funding, backing for...
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Turkish minister urges global regulation to prevent AI misuse
Turkish minister urges global regulation to prevent AI misuse
By admin on August 17, 2025 |
Business
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A senior Turkish official emphasized on Wednesday the transformative impact of artificial intelligence on various sectors, particularly the media, while attending a conference on the...
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Gaza boycotts shake Coke, Pepsi, boost local sodas in Mideast
Gaza boycotts shake Coke, Pepsi, boost local sodas in Mideast
By admin on August 17, 2025 |
Business
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Coca-Cola and rival PepsiCo spent hundreds of millions of dollars over decades building demand for their soft drinks in Muslim-majority countries, including Egypt and Pakistan....
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Oil-rich UAE completes Arab world’s first nuclear plant
Oil-rich UAE completes Arab world’s first nuclear plant
By admin on August 17, 2025 |
Business
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Oil-reach United Arab Emirates (UAE) announced on Thursday the completion of the Arab world's first nuclear power plant, calling it a "significant step," with the...
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Türkiye, Egypt affirm co-op in various sectors, eye $15B in trade
Türkiye, Egypt affirm co-op in various sectors, eye $15B in trade
By admin on August 17, 2025 |
Business
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Türkiye is making progress toward its goal of increasing trade volume with Egypt to $15 billion (TL 509.7 billion) within the next five years, President...
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IMF starts 5th review of Ukraine program amid government reshuffle
IMF starts 5th review of Ukraine program amid government reshuffle
By admin on August 17, 2025 |
Business
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An International Monetary Fund mission began work on Wednesday on the fifth review of its $15.6 billion lending program to Ukraine amid a major wartime...
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Many Russians spend holidays at home as Europe stays out of reach
Many Russians spend holidays at home as Europe stays out of reach
By admin on August 17, 2025 |
Business
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In the town of Suzdal, a few hours' drive from their home city near the Russian capital Moscow, Natalia posed in front of a traditional...
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Volkswagen warns of German plant closures amid cost-cutting drive
Volkswagen warns of German plant closures amid cost-cutting drive
By admin on August 17, 2025 |
Business
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German automotive giant Volkswagen warned on Monday that it can no longer rule out plant closures in Germany as it seeks ways to save several...
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UN steps in to help resolve Libya’s central bank crisis
UN steps in to help resolve Libya’s central bank crisis
By admin on August 14, 2025 |
Business
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The United Nations held talks in Tripoli on Monday to try to help resolve a central bank crisis that sparked a blockade of oil production...
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China, S. Africa agree to pursue balanced trade, more investments
China, S. Africa agree to pursue balanced trade, more investments
By admin on August 14, 2025 |
Business
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China and South Africa, whose top leaders met in Beijing, agreed to encourage balanced trade and discussed boosting two-way investments between their industrial and commercial...
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Istanbul airports handle over 2M tons of cargo January-July
Istanbul airports handle over 2M tons of cargo January-July
By admin on August 14, 2025 |
Business
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The two airports in Istanbul handled over 2 million tons of cargo in the first seven months of the year, marking an increase of 15%...
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Türkiye’s jewelry exports more than double to nearly $1B in August
Türkiye’s jewelry exports more than double to nearly $1B in August
By admin on August 11, 2025 |
Business
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Türkiye's jewelry exports more than doubled in August when compared to the same month last year, approaching the figure of $1 billion (TL 33.96 billion),...
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Starlink arises as fresh conflict ground between Musk, Brazil
Starlink arises as fresh conflict ground between Musk, Brazil
By admin on August 11, 2025 |
Business
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Mounting tensions between Brazil and Elon Musk's business empire reached a new level as the country's telecoms regulator threatened to sanction his satellite broadband company...
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Turkish government due to unveil fresh economic forecasts
Turkish government due to unveil fresh economic forecasts
By admin on August 11, 2025 |
Business
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Top officials are set to unveil Türkiye's updated economic forecasts on Thursday, outlining the country's road map for the next three years, Vice President Cevdet...
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Strong August affirms Türkiye’s march toward record defense exports
Strong August affirms Türkiye’s march toward record defense exports
By admin on August 8, 2025 |
Business
- Business
Türkiye’s defense and aerospace industry made $423 million worth of exports in August, official data showed on Monday, maintaining an upward course that could see...
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TT Ventures backs sustainability-oriented, innovative startups
TT Ventures backs sustainability-oriented, innovative startups
By admin on August 8, 2025 |
Business
- Business
Startups offering environmentally friendly and sustainable solutions have attracted substantial investments from global funds in 2023, with the momentum maintaining pace this year. Around $30.3...
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Posts tagged as “deficit”

French Finance Ministry warns of ballooning budget deficit risks

A metro passes by the Bercy Finance Ministry, Paris, France, Sept. 3, 2020. (Reuters Photo)

French Finance Ministry warns of ballooning budget deficit risks

By admin on August 14, 2025

France could see its budget deficit growing unexpectedly higher this year and next if extra savings are not found, the Finance Ministry warned in a…

Türkiye posts $9.1B budget deficit in February

Türkiye posts $9.1B budget deficit in February

Türkiye posts $9.1B budget deficit in February

By admin on March 15, 2023

Budget revenues at $11.6B, expenditures at $20.7B last month, official data shows