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News
TRT World - US buys Japan's currency as yen drops to 40-year low
12+ hour, 22+ min ago (315+ words) The US has made a rare return to Japan's currency market, buying yen for the first time in more than a decade in what President Donald Trump described as "a signal of friendship." The rare move aimed to support the…...
TRT World - US Federal Reserve holds rates unchanged as inflation persists
4+ day, 18+ hour ago (463+ words) The US Federal Reserve has held interest rates steady, with surging inflation fuelled by President Donald Trump's war on Iran seeing three of the committee's 12 policymakers calling for a quarter-percentage-point rate hike. The Fed's open market committee (FOMC) held rates…...
TRT World - Indonesia's central bank chief steps down early as markets watch for successor
1+ week, 9+ hour ago (198+ words) Bank Indonesia (BI) Governor Perry Warjiyo has resigned after nearly seven years at the helm of the country's central bank, Indonesian President Prabowo Subianto's administration announced on Monday. State Secretary Prasetyo Hadi said President Prabowo accepted Warjiyo's resignation on Sunday…...
TRT World - Iraq lost over $40B in revenue during Mideast war: official
1+ week, 2+ day ago (251+ words) A government official has said that Iraq had lost more than $40 billion in revenue since the start of the Middle East war, mostly due to a sharp decline in its oil exports. The conflict and Iran's blockade of the Strait…...
TRT World - NATO to unveil billions in new defence contracts at Ankara summit
1+ mon, 1+ week ago (253+ words) NATO Secretary-General Mark Rutte has said that the alliance will unveil tens of billions of dollars in new defence contracts at next month’s summit in Türkiye’s capital, Ankara, as member states seek to expand military production and strengthen collective security…...
TRT World - European Central Bank expected to hike rates as Iran war fuels inflation fears
1+ mon, 3+ week ago (208+ words) The European Central Bank is widely expected to raise interest rates on Thursday as it moves to prevent inflation from being reignited by rising energy costs linked to the Iran war. Inflation across the 21-country eurozone remains above 3 percent, well…...
TRT World - No reason for Fed to raise interest rate, says Trump
1+ mon, 3+ week ago (345+ words) US President Donald Trump on Sunday criticised any move by the Federal Reserve to increase interest rates, but said he wants new Fed Chair Kevin Warsh to make his own decisions. "Kevin is fantastic, and I want him to do…...
TRT World - No end to financial crises without fairer global economy, Erdogan warns
1+ mon, 3+ week ago (321+ words) Financial crises cannot be prevented unless the world shifts to an economic and financial paradigm centred on justice, morality, production, and fair sharing, Turkish President Recep Tayyip Erdogan has said. “When we say ‘a fairer world is possible,’ we mean…...
TRT World - Turkish finance minister urges expansion of Islamic finance to boost development
1+ mon, 4+ week ago (607+ words) Turkish Treasury and Finance Minister Mehmet Simsek called on Wednesday for a stronger role for Islamic finance in channelling capital towards development priorities, saying global capital flows are increasingly detached from the real economy. Speaking at the Global Islamic Economy…...
TRT World - Türkiye promotes Islamic finance as summit targets new growth era
1+ mon, 4+ week ago (318+ words) A major international gathering on Islamic finance opened in Istanbul on Wednesday, with policymakers, investors, and academics converging to advance the sector’s global footprint and Türkiye’s role within it. The 3rd Global Islamic Economy Summit, held under the auspices of the…...