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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 |
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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 |
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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
- Business
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 |
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- 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 “wttc”

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…

Tourism on track to contribute $135B to Turkish economy in 2025

Tourists enjoy the seaside in Bodrum, Muğla, southwestern Türkiye, April 3, 2025. (IHA Photo)

Tourism on track to contribute $135B to Turkish economy in 2025

By admin on May 11, 2025

Türkiye’s travel and tourism sector is set to soar to new heights in 2025, according to the latest data from the World Travel and Tourism…