Economy News

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Russia sanctions: Swift ban for largest Russian bank

It would be a serious blow to Russia’s financial system: the country’s largest bank, Sberbank, is to be excluded from…

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Maldives: French people want to invest in an islet, but paradise turns into a nightmare

About fifty French families had decided, in 2018, to invest in an atoll of the Maldives. The main objective was…

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Germany: Construction companies complain about historical material shortages

Poor mood in the construction business: Delivery bottlenecks, shortages of materials and cost increases are plaguing the industry: According to…

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Ukrainians fleeing the war invested their money in housing in Antalya

Ukrainians who came to Antalya due to the Russia-Ukraine war rent an apartment for 20-40 thousand liras per month and…

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Mexico nationalizes lithium production

In the future, mining and dealings with lithium in Mexico will be in the hands of the government. The country…

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Henkel gives up business in Russia

The consumer goods group Henkel is now withdrawing from Russia. Apparently, with this about-face, the management is taking the consequences…

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IMF lowers forecast / Global economy suffers a severe setback

The International Monetary Fund warns that the many crises in the world will dampen global economic growth in the long…

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First quarter of 2022: China’s economy is growing faster than expected

Corona is causing less consumption and more unemployment in China: the economy grew by 4.8 percent in the first quarter.…

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Borsa Istanbul started the week with a record

BIST 100 index in Borsa Istanbul started the week at an all-time high with 2,502.97 points, gaining 0.34 percent value.…

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“Huge profits” / There is a threat of a black market of hundreds of millions of euros

The federal government actually wants to avoid losing tax revenue. But a new regulation in the shisha industry could ensure…

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Minister Nebati is traveling to the USA this time

Nureddin Nebati, the Minister of Treasury and Finance, who met with senior executives of bankers and investors in London in…

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Döner Kebab prices are rising significantly – inflation hits snack bars

High energy and food prices do not stop at the snack bar industry either. Operators are forced to pass some…

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ECB leaves key interest rate at zero percent

Inflation in Europe is at its highest level in 40 years. Nevertheless, the European Central Bank, as guardian of currency…

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Interest rate remained constant in Turkey

The Central Bank kept the policy rate constant at 14 percent. Expectations were that the bank would continue to keep…

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That is why the price of oil is now falling shortly before Easter

The corona situation in China has eased in some areas, but the government is still sticking to the zero-Covid strategy.…

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