News
Türkiye runs budget deficit of over $4.9 billion in January
5+ hour, 16+ min ago (141+ words) T'rkiye's central government budget balance registered a deficit of TL 214.5 billion ($4.9 billion) in January, official figures from the Treasury and Finance Ministry showed on Monday. That compared with a shortfall of TL 139.3 billion in the same month a year earlier....
Türkiye touts sustainable current account despite wider 2025 gap
3+ day, 3+ hour ago (468+ words) T'rkiye's current account balance registered a deficit of $7.25 billion (TL 317.11 billion) in December, lifting the annual gap to $25.2 billion, mainly driven by a foreign trade gap, official data showed on Friday. Vice President Cevdet Y'lmaz and Treasury and Finance Minister…...
UK economy grows by shy 0.1% in Q4 as budget uncertainty weighs in
4+ day, 6+ hour ago (433+ words) Britain's economy barely expanded in the final quarter of "2025 as activity fared worse than initially estimated during the run-up to Treasury chief Rachel Reeves' budget, official figures showed on Thursday. Gross domestic product (GDP) grew "by a mere 0.1% in the…...
Turkish central bank updates inflation forecast range, vows tight stance
4+ day, 9+ hour ago (156+ words) Turkish central bank updated year-end inflation forecast to 15%-21% range, while keeping interim target at the same level of 16%, its governor announced on Thursday. Central Bank... Turkish central bank updates inflation forecast range, vows tight stance by Daily Sabah with Agencies…...
Turkish central bank lifts inflation forecast range, vows tight stance
4+ day, 9+ hour ago (803+ words) The Turkish central bank lifted its year-end inflation forecast to the 15%-21% range, while keeping its interim target at the same level of 16%, its governor announced on Thursday, while emphasizing the monetary authority's tight stance to ensure the continuation of the…...
China's inflation eases in January ahead of holiday spending push
5+ day, 9+ hour ago (436+ words) China's consumer prices eased in January and missed forecasts, official data showed Wednesday, as leaders unveiled a batch of measures aimed at boosting sluggish spending during the upcoming Lunar New Year holiday, which is expected to trigger consumption activity. The…...
Türkiye's 1st 2026 inflation report to offer more than forecasts
6+ day, 6+ hour ago (521+ words) This week's release of the first quarterly inflation report of 2026 by the Central Bank of the Republic of T'rkiye (CBRT) is expected to serve as an early test of the country's disinflation drive. Analysts broadly expect policymakers to revise their…...
Israel's permit crackdown drives economic despair across West Bank
6+ day, 7+ hour ago (1053+ words) Israel's targeting of Palestinian labor following the genocidal Gaza war has pushed the occupied West Bank deeper into economic crisis, leaving tens of thousands without income and raising fears of social collapse. With most work permits revoked and only a…...
UK borrowing costs up as investors question Starmer's future
1+ week, 7+ hour ago (309+ words) British government bond yields surged early on Monday as investors continued to weigh the political future "of Prime Minister Keir Starmer amid the fallout from the Epstein crisis, although they later eased to move more in "line with U.S. Treasuries. Starmer's…...
Türkiye vows to maintain tight monetary policy, fiscal discipline
1+ week, 1+ day ago (643+ words) T'rkiye will maintain its tight monetary policy and keep fiscal discipline to further lower inflation, Vice President Cevdet Y'lmaz pledged on Saturday. Turkish annual consumer price inflation eased to 30.65% in January, official data showed earlier this month, thus continuing a…...