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Fitch upgrades Türkiye’s credit rating to BB-
Fitch upgrades Türkiye’s credit rating to BB-
By admin on August 22, 2025 |
Business
- Business
Credit rating agency Fitch upgraded Türkiye's Long-Term Foreign-Currency Issuer Default Rating (IDR) to BB- from B+ on Friday. Fitch said the upgrade reflects key rating...
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Analysis: Is European auto industry really facing crisis?
Analysis: Is European auto industry really facing crisis?
By admin on August 22, 2025 |
Business
- Business
Europe boasts a diverse automotive landscape and is home to some of the most esteemed manufacturers shaping the industry. The two largest economies of the...
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Togg steers Türkiye’s EV market in first 8 months of 2024
Togg steers Türkiye’s EV market in first 8 months of 2024
By admin on August 22, 2025 |
Business
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Türkiye's homegrown electric vehicle maker Togg secured the top position in the domestic EV market in the first eight months of the year, with nearly...
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Türkiye targets commissioning all 4 reactors of Akkuyu NPP by 2028
Türkiye targets commissioning all 4 reactors of Akkuyu NPP by 2028
By admin on August 22, 2025 |
Business
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Türkiye targets commissioning all four reactors of the country's first nuclear power plant by 2028, a top official said Sunday, underscoring the decadeslong dream for...
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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
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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
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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 |
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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 |
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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
- Business
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
- Business
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 |
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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
- Business
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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French Finance Ministry warns of ballooning budget deficit risks
French Finance Ministry warns of ballooning budget deficit risks
By admin on August 14, 2025 |
Business
- Business
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...
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Posts tagged as “energy shortage”

To the rescue: Solar power helps Europe weather extreme heat

An aerial view of solar panels among charred trees, as a wildfire burns on the island of Rhodes, Greece July 27, 2023. (Reuters Photo)

To the rescue: Solar power helps Europe weather extreme heat

By admin on August 8, 2023

A significant rise in solar energy production across southern Europe played a crucial part in waiving energy shortages amidst the recent heatwaves, which saw temperatures…