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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
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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
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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 |
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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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French Finance Ministry warns of ballooning budget deficit risks
French Finance Ministry warns of ballooning budget deficit risks
By admin on August 14, 2025 |
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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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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
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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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Posts tagged as “travel industry”

Travel industry expected to add record $11T to global GDP in 2024

Tourists walk past a street performer as they visit the historic center around the Grand-Place square, Brussels, Belgium, Aug. 31, 2024. (EPA Photo)

Travel industry expected to add record $11T to global GDP in 2024

By admin on August 6, 2025

A record-breaking $1 out of every $10 spent worldwide in 2024 will go toward travel, as people quickly choose to book everything from hotels and…