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dailysabah.com > business > economy > fed-should-be-ready-to-hike-rates-if-inflation-stays-high-waller

Fed should be ready to hike rates if inflation stays high: Waller

2+ hour, 46+ min ago  (253+ words) The U.S. central bank should stand ready to hike interest rates in the near-term if inflation remains above target, the bank's top official said Monday. "When inflation is well above its target and the labor market is near full employment and…...

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Daily Sabah
dailysabah.com > business > economy > turkiyes-exports-to-distant-markets-climb-122-to-143b-in-h1

Türkiye's exports to distant markets climb 12.2% to $14.3B in H1

1+ day, 11+ hour ago  (470+ words) Türkiye's exports to 18 countries classified under its "Distant Countries Strategy" surged by 12.2% on an annual basis to hit $14.3 billion (TL 671.88 billion) in the first half of the year, according to a report on Sunday. The countries on the list include…...

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Daily Sabah
dailysabah.com > business > economy > cbrt-says-iran-war-delayed-disinflation-but-deterioration-limited

CBRT says Iran war delayed disinflation, but deterioration limited

3+ day, 10+ hour ago  (549+ words) Türkiye's central bank said Friday the Middle East conflict had delayed the disinflation process, but deterioration in expectation has remained limited, while the slowdown in economic activity continued under tight financial conditions. Supply shocks mainly due to the fallout from…...

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Daily Sabah
dailysabah.com > business > economy > turkiyes-de-dollarization-advances-as-lira-deposits-hit-11-year-high

Türkiye's de-dollarization advances as lira deposits hit 11-year high

4+ day, 4+ hour ago  (244+ words) Treasury and Finance Minister Mehmet Şimşek said Thursday that Türkiye's de-dollarization drive had made significant progress, with Turkish lira deposits rising to their highest share of total bank deposits in about 11 years. "Despite multiple shocks, the share of Turkish lira…...

Daily Sabah
dailysabah.com > business > economy > russians-rush-to-adapt-cars-to-use-lpg-as-gasoline-runs-short > amp

Russians rush to adapt cars to use LPG as gasoline runs short

6+ day, 12+ hour ago  (247+ words) Russians are queuing up to adapt their cars to run on liquefied petroleum gas ​after Ukrainian attacks on refineries have ​created nationwide ⁠fuel shortages, increased gasoline prices and led to long lines at filling stations. Egor Popov, whose Garant-Gas company…...

Daily Sabah
dailysabah.com > opinion > op-ed > turkish-economy-in-disinflation-process > amp

Turkish economy in disinflation process

1+ week, 2+ hour ago  (310+ words) Recent macroeconomic indicators suggest that despite a controlled slowdown, the Turkish economy has maintained its growth. In this context, it can be argued that the fiscal space created through strengthened fiscal discipline has enabled Türkiye to navigate the economic repercussions…...

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Daily Sabah
dailysabah.com > opinion > op-ed > turkish-economy-in-disinflation-process

Turkish economy in disinflation process | Opinion

1+ week, 12+ hour ago  (310+ words) Recent macroeconomic indicators suggest that despite a controlled slowdown, the Turkish economy has maintained its growth. In this context, it can be argued that the fiscal space created through strengthened fiscal discipline has enabled Türkiye to navigate the economic repercussions…...

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Daily Sabah
dailysabah.com > world > europe > nato-to-seek-clear-plans-on-5-defense-spending-goal-rutte

NATO to seek clear plans on 5% defense spending goal: Rutte

1+ week, 9+ hour ago  (213+ words) NATO Secretary-General Mark Rutte said Monday that member nations should present clear plans to reach the 5% defense spending goal at the upcoming Ankara summit. Rutte said that European NATO allies and Canada have already increased their ​overall defense spending to…...

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Daily Sabah
dailysabah.com > business > economy > cbrt-says-strong-exports-offset-iran-war-driven-energy-import-surge

CBRT says strong exports offset Iran war-driven energy import surge

1+ week, 10+ hour ago  (597+ words) Türkiye's foreign trade balance improved in the second quarter despite a sharp rise in energy costs, as resilient exports and weaker non-energy imports helped offset the impact of higher global fuel prices, the country's central bank said on Monday. In…...

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Daily Sabah
dailysabah.com > business > economy > turkiye-sets-fresh-record-in-agricultural-output-leads-europe

Türkiye sets fresh record in agricultural output, leads Europe

1+ week, 1+ day ago  (201+ words) Türkiye's agricultural output exceeded the $80 billion mark for the first time last year, Agriculture and Forestry Minister Ibrahim Yumaklı announced on Saturday. Sharing the milestone on social media, Yumaklı described it as a "historic record in agriculture" and said that…...