BofA: Türkiye’s inflation impact remains limited
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
The Trump administration is importing eggs from Türkiye and South Korea to address shortages and record-high prices caused by a severe bird flu outbreak.
Agriculture Secretary Brooke Rollins confirmed that these imports have begun and that discussions with other countries are ongoing to secure additional supplies.
The avian flu has led to the culling of approximately 30 million birds in the United States, significantly reducing the domestic egg supply. Consequently, egg prices have surged, with the U.S. Department of Agriculture (USDA) forecasting a 41% increase in 2025 compared to 2024.
Rollins emphasized that the egg imports are a temporary measure. She anticipates that as U.S. poultry populations recover and egg production normalizes in the coming months, reliance on foreign eggs will decrease.
In addition to importing eggs, the USDA is exploring other strategies to stabilize the market, including enhancing biosecurity measures and considering vaccinations for poultry to prevent future outbreaks.
Consumers have felt the impact of these shortages and price hikes, with some seeking alternative sources for eggs, including attempting to purchase them from Mexico. However, such actions have led to confiscations and fines, as importing raw eggs from Mexico into the U.S. is prohibited due to health concerns.
The administration's multifaceted approach aims to alleviate the current crisis and ensure a stable egg supply for American consumers in the near future.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
Tuberculosis (TB) cases among children in Europe's WHO region increased by 10% in 2023, marking a troubling rise that underscores ongoing disease transmission, according to a World Health Organization report released on Monday.
U.S. President Donald Trump reiterated on Monday his proposal for the United States to annex Greenland, sparking strong criticism from Greenlandic and Danish officials over a planned visit by a high-level U.S. delegation later this week.
Tunisian authorities have dismantled a money laundering and tax evasion network involving taxi ride-hailing apps, seizing approximately 12 million dinars ($4 million) from unauthorized bank accounts used by the companies.
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