News
7-Eleven founder, architect of Japanese convenience stores, dies
1+ hour, 39+ min ago (399+ words) Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience chain's global retail empire, has died at the age of 93, the company announced Monday. "Suzuki, an honorary adviser at Seven & i Holdings, died on May 18 of heart failure at…...
T'rkiye's economic confidence rebounds from 9-month low in May
1+ hour, 19+ min ago (181+ words) T'rkiye's economic confidence rose in May after falling to a nine-month low in the previous month, driven mainly by stronger consumer retail and manufacturing sentiment, official data showed on Monday. The economic confidence index increased 0. 8% month-over-month to 97. 2 in May from…...
EU expects slower growth, higher inflation amid Iran war outbreak
4+ day, 51+ min ago (575+ words) The eurozone economy is expected to slow down in 2026 and inflation to pick up "after the war in the Middle East triggered the "second energy shock in less than five years, with the severity of the hit determined by how…...
Britain strikes $5 billion trade deal with Gulf states amid Iran war
4+ day, 17+ hour ago (400+ words) Britain said Wednesday it had reached a long-term trade agreement with the Gulf Cooperation Council valued at roughly $5 billion annually, strengthening ties with Gulf partners amid regional instability from the Iran war. The deal with the GCC, which consists of…...
Japan's solid Q1 growth faces hard test amid Iran war energy shock
6+ day, 3+ hour ago (661+ words) Japan's economy grew more than expected in the first quarter of the year, led by solid exports and consumption, data showed, although momentum is likely to face a severe test as the full force of the "energy shock from the…...
T'rkiye acting to minimize war-fueled market 'stress': Erdo'an
6+ day, 22+ hour ago (455+ words) T'rkiye, aware of "temporary" price increases amid regional tensions, is taking all necessary measures and will continue to do so, President Recep Tayyip Erdo'an said Monday. "Our economic management team is taking and will continue to take all necessary measures…...
T'rkiye's unemployment rate sinks to 8. 2% in Q1
6+ day, 23+ hour ago (275+ words) T'rkiye's unemployment rate edged lower in the first quarter of the year, even as the number of employed people and overall labor force both declined, official data showed Monday. The unemployment rate fell 0. 1 percentage point from the previous quarter to…...
Consumer confidence in T'rkiye rises to 14-month high in May
6+ day, 23+ hour ago (350+ words) Consumer confidence in T'rkiye increased modestly in May, reaching its highest level in 14 months, according to a survey released Monday. The consumer confidence index, jointly compiled by the Turkish Statistical Institute (Turk Stat) and the Central Bank of the Republic…...
Global bond rout deepens as Iran war-fueled inflation fears mount
1+ week, 2+ hour ago (791+ words) Government bonds from Tokyo to New York extended losses on Monday as rising energy prices fueled by the Iran war stoked inflation concerns and reinforced investor bets on further rate hikes by central banks worldwide. Benchmark 10-year U. S. Treasury yields, which…...
T'rkiye issues nearly $8. 6 M in fines for excessive price hikes
1+ week, 1+ day ago (363+ words) Turkish authorities have imposed administrative fines totaling nearly TL 390 million (nearly $8. 6 million) so far in 2026 on over 1, 200 businesses for excessive price increases, according to a statement on Sunday. The Trade Ministry, in a written statement, also said that inspections in…...