Economy

Turkish lira leads gains across Europe, Middle East, Africa

Turkey’s central bank scraps rule that nudged banks to ramp up cheap lending, a step analysts see as a positive shift.

Turkey, Qatar ink new cooperation deals

Over 530 Turkish companies operate in Qatar where 179 Qatari companies do business in Turkey.

Erdogan calls on Islamic nations to work together to ease currency pressure

Speaking during a virtual meeting of the Organisation of Islamic Cooperation, Turkey's president said member states have been working on cooperating to solve economic problems for some time, but are yet to achieve the coordination they want.

Afghanistan’s Ghani vows to pursue Taliban negotiations amid donations push

President Ghani’s call comes in a virtual address to the Geneva donor conference, where dozens of nations are expected to pledge billions of dollars in aid. But diplomats predict a dip in funding due to uncertainties over peace and Covid-19 pandemic.

US shutdowns cost $169B but saved 29,000 lives

Researchers in Germany and France have reached a sobering calculation that US closures saved lives – at a high cost to economy.

Inflation-hedge, risk-on bet: What’s behind bitcoin’s 2020 rally?

Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.

China's Xi: international effort needed for global economic recovery

In his statement ahead of the Asia-Pacific Economic Cooperation summit, Chinese President Xi Jinping called for stronger policy coordination among international communities and said globalisation is "irreversible".

Erdogan: Turkey to focus on production, investment, employment and exports

Warning about the dangers of high interest rates, Turkish President Erdogan says generating employment, boosting exports, production and investments are not possible with high interest rates.

‘A Year Like No Other,’ the IMF brands 2020 due to the pandemic

The IMF's “A Year Like No Other” report says that it gave loans worth $165 billion to 83 countries, while some $12 trillion had been spent by nations to stop the economic recession amid the coronavirus outbreak.

How Japan achieved a 40-year economic high amid the pandemic

Japan has made a major economic recovery in the third quarter, thanks to the stimulus package it recently announced to promote private consumption.

Vaccine breakthrough breathes life into a troubled world economy

Markets and stocks rally as investors see Covid-19 treatment on the horizon.

Veteran economist Lutfi Elvan is Turkey's new finance minister

Turkey's new Treasury and Finance Minister Lutfi Elvan is sworn in, following the resignation of Berat Albayrak, who stepped down from the post citing health issues.