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European Central Bank Lowers Rates by 25 Basis Points, In Line with Forecasts

Ankara: The European Central Bank (ECB) on Thursday slashed its three key interest rates by 25 basis points, meeting market estimates. The key deposit rate now stands at 2%, its lowest level since January 2023. The interest rates on the main refinancing operations and the marginal lending facility were also

OECD Cuts Global Growth Forecast to 2.9% for 2025 Amid Trade, Policy Uncertainties

Paris: The Organization for Economic Cooperation and Development (OECD) on Tuesday downgraded its global economic growth forecast to 2.9% for both 2025 and 2026, down from 3.1% in its previous outlook, citing rising trade barriers, tighter financial conditions, and mounting policy uncertainty. According to Anadolu Agency, the slowdown is concentrated

Trkiye’s First Floating Gas Platform Arrives at Black Sea Port

Ankara: Trkiye’s first floating natural gas production platform, Osman Gazi, arrived Saturday at Filyos Port in Zonguldak on Trkiye’s Black Sea coast. The platform was dispatched from the Presidential Dolmabahce Office in Istanbul on May 29, commemora…