Israel and Syria agree to ceasefire, says U.S. ambassador to Türkiye
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-bor...
Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
Turkiye’s annual consumer price inflation fell to 38.1% in March, down from 39.05% in February, according to official data released on Thursday. The figure came in lower than the 38.9% forecasted in a Reuters poll, offering a slight reprieve amid ongoing economic pressures.
On a monthly basis, inflation stood at 2.46%, also below projections, following February’s 2.27% increase. Analysts had expected inflation to edge up to 3% in March.
Meanwhile, the domestic producer price index (PPI) rose by 1.88% month-on-month in March, leading to an annual increase of 23.5%. The decline in consumer inflation may ease some concerns, but economic experts caution that external factors and currency fluctuations could impact future price movements.
Turkiye has been grappling with high inflation rates, driven by global economic uncertainties, currency depreciation, and policy measures aimed at stabilising the economy. The latest figures suggest a potential slowdown in inflationary pressures, though economists remain cautious about long-term stability.
The Turkish government continues to implement measures to curb inflation while balancing economic growth, as markets closely monitor upcoming policy decisions.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
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