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Delivered every Saturday morning, The Bottom Line newsletter pinpoints the key developments of the past week—and provides a weekend-friendly guide to the next ... Show more
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Lessons from Turkey on the evils of high inflation: It hurts investment and makes most people poorer
economist.com/leaders/2022/07/21/lessons-from-turkey-on-the-evils-of-high-inflation
Lessons from Turkey on the evils of high inflation
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Profile picture of The Economist
Delivered every Saturday morning, The Bottom Line newsletter pinpoints the key developments of the past week—and provides a weekend-friendly guide to the next ... Show more
Profile picture of The Economist
Lessons from Turkey on the evils of high inflation: It hurts investment and makes most people poorer
economist.com/leaders/2022/07/21/lessons-from-turkey-on-the-evils-of-high-inflation
Lessons from Turkey on the evils of high inflation
Profile picture of Daily Sabah
Local elections a major test for AK Party and Erdoğan’s popularity: Millions are bracing for the quinquennial municipal vote on Sunday, while the ruling AK Party ...
dailysabah.com/politics/elections/local-elections-a-major-test-for-ak-party-and-erdogans-popularity
Local elections a major test for AK Party and Erdoğan’s popularity
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Interest-Rate Cuts and Inflation: Your Guide to the Great Descent of 2024: In a new monthly project, Points of Return will track the world’s perilous journey out ...
bloomberg.com/graphics/2024-opinion-rate-cuts-covid-inflation-central-banks/
Interest-Rate Cuts and Inflation: Your Guide to the Great Descent of 2024
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Inflation worries drag on FBM KLCI: KUALA LUMPUR: The FBM KLCI fell on Monday as a fresh bout of fears over inflation data shrank the risk appetite for equities ...
thestar.com.my/business/business-news/2024/03/25/inflation-worries-drag-on-fbm-klci
Inflation worries drag on FBM KLCI
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Türkiye bolsters EV sales, races towards top 5 among EU states: Türkiye has been shown to have performed better compared to many European Union countries in ...
dailysabah.com/business/automotive/turkiye-bolsters-ev-sales-races-towards-top-5-among-eu-states
Türkiye bolsters EV sales, races towards top 5 among EU states
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The real reason cocoa prices have soared: First came a drought in West Africa. Then came the short squeeze in financial markets.
axios.com/2024/03/28/cocoa-short-squeeze-explained
The real reason cocoa prices have soared
Quick Glance: Bittersweet Easter for Chocolate Lovers and African Cocoa Farmers
  • Changing climate negatively impacts global cocoa supply and West African cocoa farmers’ earnings.

  • Cocoa exports from Ivory Coast down by a third lead to a sharp rise in cocoa prices globally.

  • Major chocolate manufacturers increase chocolate prices to boost profits while consumers pay more.

  • Smaller chocolate businesses struggle with rising cocoa prices and declining sales as efforts to boost cocoa production are implemented.
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Pasta makers cheer Turkey as its durum wheat flows abroad: Turkey’s spectacular breakthrough as an exporter of durum wheat has spared pasta fans another year of ...
ekathimerini.com/economy/1235036/pasta-makers-cheer-turkey-as-its-durum-wheat-flows-abroad/
Pasta makers cheer Turkey as its durum wheat flows abroad
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Turkey opposition aims to hit back at Erdogan in local elections: Bruised and fractured by Tayyip Erdogan’s victory in 2023 general elections ...
ekathimerini.com/in-depth/analysis/1235032/turkey-opposition-aims-to-hit-back-at-erdogan-in-local-elections/
Turkey opposition aims to hit back at Erdogan in local elections
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Which fast-food chains are raising prices in California to pay wages?: Fast-food chains are or planning to hike the cost of menu items because they're required ...
latimes.com/california/story/2024-03-28/fast-food-workers-minimum-wage-is-going-up-which-chains-will-up-their-prices
Which fast-food chains are raising prices in California to pay wages?
Quick Glance: California Fast-Food Chains Adjusting Prices Due to Wage Increase
  • Fast-food chains are raising prices in response to the new $20 per hour minimum wage for employees in California.

  • Major chains like Chipotle are considering passing the cost increases on to consumers.

  • McDonald's, Starbucks, and Jack in the Box are also planning price increases or modifications.

  • Pizza Hut operators in California have discontinued in-house delivery and are now relying on third-party apps.
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US Turns to Turkey for Explosives as War in Ukraine Saps Supply: The US is in talks to ramp up purchases of explosives from Turkey to boost production of ...
trib.al/PcLcKkT
US Turns to Turkey for Explosives as War in Ukraine Saps Supply
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Climate change driving up inflation in food prices: Study: Rising global temperatures are associated with inflation in food prices, both in regions that are ...
thehill.com/policy/energy-environment/4554700-climate-change-driving-up-inflation-in-food-prices-study/
Climate change driving up inflation in food prices: Study
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All four Calmac ferries being built in Turkey ‘are on time and on budget’: The first of the four ferries was launched earlier this month and is expected to enter ...
news.stv.tv/politics/all-four-calmac-ferries-being-built-in-turkey-are-on-time-and-on-budget
All four Calmac ferries being built in Turkey ‘are on time and on budget’
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Gas and district heating more expensive from April 1st - that's how much prices are rising
focus.de/finanzen/news/hohe-mehrbelastung-gas-und-fernwaerme-ab-1-april-teurer-so-stark-steigen-die-preise_id_259808110.html
Gas and district heating more expensive from April 1st - that's how much ...
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Istanbul scores hosting rights for historic 2027 European Games: The European Olympic Committees (EOC) have chosen Türkiye's Istanbul as the host city for ...
dailysabah.com/sports/istanbul-scores-hosting-rights-for-historic-2027-european-games/news
Istanbul scores hosting rights for historic 2027 European Games
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Another election in Turkey means another Erdogan power grab: In Turkey, each time there's an election, the country takes another step away from becoming a ...
haaretz.com/middle-east-news/2024-03-28/ty-article/.premium/another-election-in-turkey-means-another-erdogan-power-grab/0000018e-84ec-df27-adee-a6fe60080000
Another election in Turkey means another Erdogan power grab
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Konya, a city embracing its past, present and future: Konya in central Türkiye exemplifies how cities can honour their past while embracing their future ...
trtworld.com/turkiye/konya-a-city-embracing-its-past-present-and-future-17536347
Konya, a city embracing its past, present and future
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Erdoğan set for landmark US visit in May with busy agenda: President Erdoğan will travel to the U.S. on May 9, Turkish media reported, for his first visit to the ...
dailysabah.com/politics/diplomacy/erdogan-set-for-landmark-us-visit-in-may-with-busy-agenda
Erdoğan set for landmark US visit in May with busy agenda
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TÜRSAB's 'Tourism Century' iftar bridges gap for Turkish travel agencies: The Association of Turkish Travel Agencies (TÜRSAB) held its first 'Tourism Century' ...
dailysabah.com/business/tourism/tursabs-tourism-century-iftar-bridges-gap-for-turkish-travel-agencies
TÜRSAB's 'Tourism Century' iftar bridges gap for Turkish travel agencies
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Iraq’s overreliance on oil threatens economic, political strife: More than 90 percent of Iraq’s government revenue comes from oil, leaving the country hostage to ...
aljazeera.com/news/2024/3/28/iraqs-overreliance-on-oil-threatens-economic-political-strife
Iraq’s overreliance on oil threatens economic, political strife
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Turkey detains scores of IS group suspects in nationwide raids: Turkish authorities rounded up scores of suspects with alleged links to Islamic State group in ...
go.france24.com/3dw
Turkey detains scores of IS group suspects in nationwide raids
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Türkiye's Aselsan seals deals to export drone camera, guidance kits: Türkiye’s prominent defense electronics manufacturer, Aselsan, announced on Wednesday that ...
dailysabah.com/business/defense/turkiyes-aselsan-seals-deals-to-export-drone-camera-guidance-kits
Türkiye's Aselsan seals deals to export drone camera, guidance kits
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Türkiye's trade with Israel drops amid Gaza war: Minister: The bilateral trade volume between Türkiye and Israel has dropped by 33% between Oct ...
dailysabah.com/business/economy/turkiyes-trade-with-israel-drops-amid-gaza-war-minister
Türkiye's trade with Israel drops amid Gaza war: Minister
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Türkiye questions why ‘anti-US’ Daesh hit it, Russia, Iran: In the wake of a terror attack at a Moscow concert hall that killed more than 130 people ...
dailysabah.com/politics/war-on-terror/turkiye-questions-why-anti-us-daesh-hit-it-russia-iran
Türkiye questions why ‘anti-US’ Daesh hit it, Russia, Iran
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Fitch ups Türkiye Wealth Fund's rating to B+, outlook to positive: The credit rating agency Fitch announced Tuesday it upgraded Türkiye Wealth Fund's (TWF) ...
dailysabah.com/business/economy/fitch-ups-turkiye-wealth-funds-rating-to-b-outlook-to-positive
Fitch ups Türkiye Wealth Fund's rating to B+, outlook to positive
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'Good morals lead to heaven' mahya graces Türkiye's Ulu Mosque: In a timeless tradition dating back centuries, the mahya 'Good morals lead to heaven' now adorns ...
dailysabah.com/turkiye/good-morals-lead-to-heaven-mahya-graces-turkiyes-ulu-mosque/news
'Good morals lead to heaven' mahya graces Türkiye's Ulu Mosque
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Over 1.6M competitors apply for contests at Türkiye's Teknofest: Over 1.6 million competitors have applied to take part in technology contests at Türkiye's ...
dailysabah.com/business/tech/over-16m-competitors-apply-for-contests-at-turkiyes-teknofest
Over 1.6M competitors apply for contests at Türkiye's Teknofest
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Library usage surges with over 33M users in Türkiye: The number of public libraries has reached 1,298, while the number of users exceeds 33 million in Türkiye in ...
dailysabah.com/turkiye/education/library-usage-surges-with-over-33m-users-in-turkiye
Library usage surges with over 33M users in Türkiye
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Turkish defense, intelligence chiefs host U.S. delegation in Ankara: Türkiye's defense and intelligence chiefs are hosting members of the U.S ...
dailysabah.com/politics/diplomacy/turkish-defense-intelligence-chiefs-host-us-delegation-in-ankara
Turkish defense, intelligence chiefs host U.S. delegation in Ankara
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59th Presidential Cycling Tour of Türkiye to shine on global stage: The 59th Presidential Cycling Tour of Türkiye (TUR 2024), boasting a challenging 1 ...
dailysabah.com/sports/59th-presidential-cycling-tour-of-turkiye-to-shine-on-global-stage/news
59th Presidential Cycling Tour of Türkiye to shine on global stage
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Turkey to receive $32.5 million from EBRD for earthquake regions: The European Bank for Reconstruction and Development (EBRD) will provide 30 million euros ($32 ...
english.alarabiya.net/News/middle-east/2024/03/27/Turkey-to-receive-32-5-million-from-EBRD-for-earthquake-regions
Turkey to receive $32.5 million from EBRD for earthquake regions
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Turkish forces eliminate over 600 PKK/YPG terrorists in 2024: Turkish security forces have eliminated more than 600 terrorists belonging to the PKK and its ...
dailysabah.com/politics/war-on-terror/turkish-forces-eliminate-over-600-pkkypg-terrorists-in-2024
Turkish forces eliminate over 600 PKK/YPG terrorists in 2024
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Türkiye sends 8th humanitarian ship to Gaza, gets 2 more vessels: Turkish humanitarian aid to besieged Gaza has topped 39,000 tons as a state agency readies to ...
dailysabah.com/politics/turkiye-sends-8th-humanitarian-ship-to-gaza-gets-2-more-vessels/news
Türkiye sends 8th humanitarian ship to Gaza, gets 2 more vessels
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Turkish Crescent-Stars suffer humiliating 6-1 loss in Austria friendly: The Turkish national football team was subjected to one of its heaviest defeats in ...
dailysabah.com/sports/football/turkish-crescent-stars-suffer-humiliating-6-1-loss-in-austria-friendly
Turkish Crescent-Stars suffer humiliating 6-1 loss in Austria friendly
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S&P raises Türkiye's 2024 growth forecast, sees EM divergence ahead: International credit rating agency S&P Global on Tuesday revised upward its growth forecast ...
dailysabah.com/business/economy/sp-raises-turkiyes-2024-growth-forecast-sees-em-divergence-ahead
S&P raises Türkiye's 2024 growth forecast, sees EM divergence ahead
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The stock market has skyrocketed to start 2024. Will it continue?: The S&P 500 has climbed 10% this year.
abcnews.go.com/Business/stock-market-skyrocketed-start-2024-continue/story
The stock market has skyrocketed to start 2024. Will it continue?
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Türkiye urges Germany to probe deadly Solingen blaze over arson suspicion: Türkiye is calling on Germany to investigate Monday's fire, which killed four ...
dailysabah.com/politics/turkiye-urges-germany-to-probe-deadly-solingen-blaze-over-arson-suspicion/news
Türkiye urges Germany to probe deadly Solingen blaze over arson suspicion
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Erdoğan denounces 'monopoly' on Kurdish votes: President Recep Tayyip Erdoğan on Wednesday was in Diyarbakır, a predominantly Kurdish province in southeastern ...
dailysabah.com/politics/elections/erdogan-denounces-monopoly-on-kurdish-votes
Erdoğan denounces 'monopoly' on Kurdish votes
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Endangered Caucasian lynx spotted in Türkiye's Kars: An endangered Caucasian lynx was recently seen hunting during the day in the snow-covered land of Sarıkamış ...
dailysabah.com/turkiye/endangered-caucasian-lynx-spotted-in-turkiyes-kars/news
Endangered Caucasian lynx spotted in Türkiye's Kars
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Turkish police catch over 800 irregular migrants in 6 cities: As part of its intensifying response to ongoing challenges of irregular migration ...
dailysabah.com/politics/turkish-police-catch-over-800-irregular-migrants-in-6-cities/news
Turkish police catch over 800 irregular migrants in 6 cities
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Video Turkey struggles to stop violence against women: ABC News’ Maggie Rulli travels to Turkey to find out why femicide is on the rise there ...
abcnews.go.com/International/video/turkey-struggles-stop-violence-women-108572194
Video Turkey struggles to stop violence against women
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Toyota confirms UK pricing for new GR Yaris: £10k price rise for Toyota's hot hatch hero - and the special editions are £60k...
pistonheads.com/news/ph-japanesecars/toyota-confirms-uk-pricing-for-new-gr-yaris/48353
Toyota confirms UK pricing for new GR Yaris
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Taylor Swift, Jay-Z set to perform in Istanbul in February 2025: Taylor Swift and Jay-Z are set to grace Istanbul with monumental stadium concerts ...
dailysabah.com/arts/taylor-swift-jay-z-set-to-perform-in-istanbul-in-february-2025/news
Taylor Swift, Jay-Z set to perform in Istanbul in February 2025
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Economic institutes lower growth forecast to 0.1 percent: The leading economic institutes in Germany have drastically revised their forecast downwards ...
tagesschau.de/wirtschaft/fruehjahrsprognose-institute-100.html
Economic institutes lower growth forecast to 0.1 percent
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Erdoğan’s gain as Turkish vote coincides with Ramadan?: Millions of voters in Turkey will head to the polls on March 31 to elect mayors in local elections ...
asiatimes.com/2024/03/erdogans-gain-as-turkish-vote-coincides-with-ramadan/
Erdoğan’s gain as Turkish vote coincides with Ramadan?
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Türkiye welcomes UN Security Council's resolution for immediate cease-fire in Gaza during Ramadan
yenisafak.com/en/news/turkiye-welcomes-un-security-councils-resolution-for-immediate-cease-fire-in-gaza-during-ramadan-3680053
Türkiye welcomes UN Security Council's resolution for immediate cease-fire ...
Quick Glance: UN Demand for Gaza Cease-Fire Sparks US-Israel Clash
  • The UN Security Council demands a Gaza cease-fire, leading the US to abstain, causing tension with Israel.

  • The resolution calls for hostage release without making it a condition for the Ramadan cease-fire.

  • US abstains due to lack of Hamas condemnation, emphasizing the link between cease-fire and hostage release.

  • Concerns raised over resolution's impact on negotiations and importance of a lasting cease-fire are highlighted.
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Türkiye supports South Sudanese students with medical donations: The Turkish Embassy, in coordination with the Turkish Cooperation and Coordination Agency (TIKA) ...
dailysabah.com/turkiye/turkiye-supports-south-sudanese-students-with-medical-donations/news
Türkiye supports South Sudanese students with medical donations
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Dow, S&P fall for third straight session with inflation data eyed: U.S. stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and ...
reuters.com/business/futures-rise-megacap-chip-stocks-bounce-2024-03-26/
Dow, S&P fall for third straight session with inflation data eyed
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Türkiye's solar power capacity surpasses 12,000 MW milestone: The total installed capacity of solar energy in Türkiye exceeded 12,000 megawatts (MW) for the ...
dailysabah.com/business/energy/turkiyes-solar-power-capacity-surpasses-12000-mw-milestone
Türkiye's solar power capacity surpasses 12,000 MW milestone
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Oil's Red Sea problem is getting harder to ignore: Oil shipments and prices are being disrupted by turmoil on the high seas.
axios.com/2024/03/26/crude-oil-markets-red-sea
Oil's Red Sea problem is getting harder to ignore
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Türkiye's Van Cat Villa welcomes 1st kittens of 2024: Van Cat Villa, a sanctuary devoted to conserving the distinctive Van cat breed, joyfully announces the ...
dailysabah.com/turkiye/turkiyes-van-cat-villa-welcomes-1st-kittens-of-2024/news
Türkiye's Van Cat Villa welcomes 1st kittens of 2024
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Erdogan snags White House invite in diplomatic win, Turkish press reports: Turkey's president seems to be finally visiting the White House in May in apparent ...
al-monitor.com/originals/2024/03/erdogan-snags-white-house-invite-diplomatic-win-turkish-press-reports
Erdogan snags White House invite in diplomatic win, Turkish press reports
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Erdogan to meet Biden in Washington in May, Turkish media report: Turkish President Recep Tayyip Erdogan is set to travel to Washington for a meeting with US ...
ekathimerini.com/news/1234884/erdogan-to-meet-biden-in-washington-in-may-turkish-media-report/
Erdogan to meet Biden in Washington in May, Turkish media report
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Only together can Türkiye, Greece support peace, prosperity: Envoy: 'We can move forward and lead to peace and prosperity only if we work together ...
dailysabah.com/politics/diplomacy/only-together-can-turkiye-greece-support-peace-prosperity-envoy
Only together can Türkiye, Greece support peace, prosperity: Envoy
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Higher olive oil prices due to shortage - Foodstuffs: Supermarket giant Foodstuffs is warning of a olive oil shortage and in turn higher prices at the checkout.
rnz.co.nz/news/country/512615/higher-olive-oil-prices-due-to-shortage-foodstuffs
Higher olive oil prices due to shortage - Foodstuffs
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What to know about the local elections in Türkiye: Nationwide local elections take place this Sunday in Türkiye, in which the country will be casting their ...
dailysabah.com/life/what-to-know-about-the-local-elections-in-turkiye/news
What to know about the local elections in Türkiye
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Türkiye rejects military cooperation claims with Israel: The Defense Ministry rejected claims of cooperation with Israel, especially in the defense sector ...
dailysabah.com/politics/diplomacy/turkiye-rejects-military-cooperation-claims-with-israel
Türkiye rejects military cooperation claims with Israel
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‘Distinction the new credit’: Grade inflation puts uni integrity at risk: An investigation into grade inflation by Sydney University found a 234 per cent ...
smh.com.au/national/nsw/distinction-the-new-credit-grade-inflation-puts-uni-integrity-at-risk-20240321-p5fe7i.html
‘Distinction the new credit’: Grade inflation puts uni integrity at risk
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Türkiye's unemployment rate falls to 9.4% in 2023: Türkiye's unemployment rate dropped by 1.0 percentage points in 2023 compared to the previous year to 9 ...
dailysabah.com/business/economy/turkiyes-unemployment-rate-falls-to-94-in-2023
Türkiye's unemployment rate falls to 9.4% in 2023
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Belgium urges calm after clashes between Turks, Kurds ahead of Turkey elections: Belgium’s Prime Minister Alexander De Croo called for calm on Wednesday after ...
english.alarabiya.net/News/world/2024/03/27/Belgium-urges-calm-after-clashes-between-Turks-Kurds-ahead-of-Turkey-elections
Belgium urges calm after clashes between Turks, Kurds ahead of Turkey ...