US banks face challenges estimating climate risks: Fed

European companies are less upbeat about China's market

Israeli claims of Ankara easing trade ban 'fictional’: Minister

Bank of England holds rate at 16-year high, signals looming cut

High hopes for carbon capture, underground storage

Mitsubishi Motors told to pay $1billion over US car crash

As inflation soaring, Argentina will print 10,000 peso notes

Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note in circulation by five — to 10,000 pesos, worth about $10.

Indonesia says Musk's Starlink granted licences to operate

Elon Musk's Starlink satellite company has been granted business licences to operate in Indonesia, a senior communication and information ministry official said Thursday.

Central Bank lifts inflation forecast to 38 percent for 2024

Türkiye’s Central Bank has lifted its inflation forecast from a previous 36 percent to 38 percent for the end of 2024, while Governor Fatih Karahan has vowed that “they will definitely not allow a permanent deterioration in the inflation outlook.”

BOTAŞ signs LNG trade deal with ExxonMobil

The Turkish Petroleum Pipeline Corporation (BOTAŞ) has signed an LNG (liquefied natural gas) trade deal with ExxonMobil, Energy Minister Alparlan Bayraktar has said.

Passenger traffic at Turkish airports hits 62 million

Passenger traffic at Türkiye’s airports increased by 23.8 percent in the first four months of 2024 from a year ago to reach 61.8 million, according to the data from the State Airports Authority (DHMİ).

China trade beats expectations in April

Chinese exports returned to growth last month while imports smashed expectations, data showed Thursday, providing a much-needed boost to the country's leadership as it tries to steer the economy out of a long-running slump.

Australia unveils plans to keep burning gas beyond 2050

Australia unveiled plans Thursday to keep burning natural gas beyond 2050, saying its reliance on the fossil fuel would not derail a pledge to reach net zero emissions in the next 30 years.

Global giants seek tech allies in China's cutthroat EV market

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market.

German industrial output falls but less than feared

German industrial production fell in March but less than expected, official data showed on Wednesday, as Europe's biggest economy struggles to recover following a turbulent period.

Consumers cutting back spending on restaurants

Consumers are cutting back spending on dining out or are opting for more budget-friendly restaurant options, says Kaya Demirer, the president of the Tourism Restaurant Investors and Gastronomy Enterprises Association (TURYİD).

Karpowership, Brazil’s Petrobras to develop joint projects

Karpowership has announced that it signed a memorandum of intent (MoI) with Brazil’s Petrobras to combine their respective expertise in the natural gas and power sectors.

Turkish Airlines to launch Denver flights in June

Turkish Airlines is preparing to start flights from Istanbul to Denver in mid-June that will bring the number of destinations the flag carrier flies to the U.S. to 14.