News
European Central Bank must respond to Iran war inflation, says EU economy chief
1+ hour, 38+ min ago (334+ words) Yeni Safak English European Central Bank must respond to Iran war inflation, says EU economy chief EU economy chief Valdis Dombrovskis said the European Central Bank will have to address rising inflation triggered by the Iran war's energy shock. The…...
T'rkiye consumer confidence index hits highest level since March 2025
3+ day, 23+ hour ago (197+ words) Yeni Safak English T'rkiye consumer confidence highest since March 2025 Turk Stat announced on Monday that T'rkiye's consumer confidence index climbed to 85. 8 in May, reaching its highest level since March as three of four sub-indexes pointed to improved sentiment despite a…...
T'rkiye home sales rise 2. 6% in April to 126, 808 units
1+ week, 22+ hour ago (180+ words) Yeni Safak English A total of 126, 808 houses were sold in T'rkiye in April, up 2. 6% from a year earlier, according to the Turkish Statistical Institute (Turk Stat) on Thursday. The figure compares with 123, 569 housing sales recorded in April 2025. Istanbul led the…...
India hikes fuel prices for first time in 4 years amid Mideast crisis
1+ week, 3+ hour ago (358+ words) Yeni Safak English India hikes fuel prices for first time in 4 years amid Mideast crisis India raised petrol and diesel prices on Friday for the first time since April 2022, as the Middle East conflict disrupted energy supplies. Oil marketing companies…...
Silver prices plunge 6. 5% as US inflation data fuels rate hike fears
1+ week, 2+ hour ago (246+ words) Yeni Safak English Silver tumbles 6. 5% as US inflation resurgence rattles markets Silver prices plummeted more than 6. 5% to $77. 8 per ounce on Friday, extending losses for a second consecutive session as unexpectedly strong US inflation data drove investors away from non-yielding assets…...
Turkish Central Bank lifts 2026 inflation forecast to 26%
1+ week, 14+ hour ago (361+ words) Yeni Safak English Turkish Central Bank lifts 2026 inflation forecast to 26% The Turkish Central Bank raised its year-end inflation forecast for 2026 to 26%, citing war-driven energy shocks, transport costs, and global uncertainty. Governor Fatih Karahan announced interim targets of 24% (2026), 15% (2027), and 9% (2028), with a…...
China's producer, consumer prices rise in April on Middle East war energy shock
1+ week, 4+ day ago (205+ words) Yeni Safak English The index recorded its first increase of 0. 5% in March after a 41-month decline that began in the fourth quarter of 2022. The index fell by 3% in 2023, 2. 2% in 2024, and 2. 6% in 2025, while also declining by 1. 4% in January and 0. 9% in February…...
US tariff changes may add $1. 1 trillion to decade-long deficits
3+ week, 3+ day ago (230+ words) Yeni Safak English The Congressional Budget Office has issued a stark warning regarding the financial implications of Washington's evolving trade strategy Director Phillip Swagel revealed in an interview with Bloomberg Television that alterations to American tariff structures could substantially expand…...
IMF chief warns of tough global outlook if oil prices stay high
1+ mon, 6+ day ago (255+ words) Yeni Safak English International Monetary Fund Managing Director Kristalina Georgieva said Wednesday that the global economy could face difficult conditions if the conflict in the Middle East persists and oil prices stay high Speaking at the IMF'World Bank Spring Meetings…...
Fed minutes warn of rate hikes or cuts as Iran war pressures oil, jobs
1+ mon, 1+ week ago (276+ words) Yeni Safak English The Federal Reserve's March policy minutes released Wednesday revealed deep concern among officials about the dual'edged impact of the US'Israeli war with Iran With energy prices surging after the February 28 offensive, policymakers warned that sustained oil shocks…...