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News
T??rkiye does not pay cash Iran for gas imports, finance minister says
4+ day, 6+ hour ago (443+ words) Türkiye does not make direct cash payments to Iran for the natural gas it imports, Finance Minister Mehmet Simsek said on Wednesday, explaining that the funds are held in a tightly regulated account under an arrangement with the United States....
Chinese competition could cost EU manufacturing 300,000 jobs by end-2026: Report
1+ week, 6+ hour ago (485+ words) European manufacturers are facing a growing squeeze from Chinese suppliers that could wipe out 300,000 jobs by the end of 2026, according to Eurometal, a trade body representing European metal manufacturers. The warning comes as China records a €1 billion ($1.2 billion)-a-day trade…...
Barrack says T??rkiye not target as US sanctions Turkish bank over Iran
1+ week, 1+ day ago (525+ words) U.S. Ambassador to Türkiye and Special Presidential Envoy for Syria and Iraq Tom Barrack stressed Saturday that the latest U.S. sanctions against a Türkiye-based bank do not target Türkiye or its banking system. The U.S. Treasury Department sanctioned Golden…...
Ukrainian attacks nearly cut T??rkiye???s Russian oil imports as energy bill soars over 30%
1+ week, 4+ day ago (467+ words) Türkiye’s energy import bill rose 33.3% year-on-year in August to $6.4 billion as Russian shipments, normally the top and cheapest source of Turkish oil and gas, nearly halted amid intensified Ukrainian drone attacks in the Black Sea, pushing refineries toward costlier suppliers....
Dutch central bank shifts 86 tonnes of gold from US and Canada to London
1+ week, 4+ day ago (363+ words) The Dutch Central Bank has relocated more than a quarter of its gold reserves held in the United States and Canada to London, as part of an effort to strengthen its ability to respond to potential financial crises, Dutch broadcaster…...
White House outlines Venezuela deal as Trump vows to take???all the oil???
1+ week, 6+ day ago (620+ words) The White House unveiled key details of a major Venezuela oil deal on Monday, covering 17 oil fields with more than 65 billion barrels of proven reserves, as President Donald Trump said Washington will be "taking all of that" oil out and…...
Venezuela says oil sovereignty intact under major US deal
2+ week, 1+ day ago (372+ words) Venezuela’s interim leader Delcy Rodriguez said Saturday that the country retains ownership and sovereignty over its oil under a new agreement giving the U.S. significant access to Venezuelan reserves. U.S. President Donald Trump said Washington would gain majority control over…...
Iran makes $7.5B in oil revenue despite US Hormuz blockade
2+ week, 2+ day ago (447+ words) Iran transferred $7.5 billion in oil revenues to its central bank from sales between March 21 and July 22 despite a U.S. naval blockade that disrupted its oil exports and maritime trade, according to data from Iran’s Oil Ministry. The funds were enough to…...
Japan seeks new Middle East oil routes to bypass Strait of Hormuz
2+ week, 5+ day ago (205+ words) Japan plans to support the expansion and construction of alternative oil pipelines in the Middle East as it seeks to strengthen energy security following the Iran war, local media reported Wednesday. Before the conflict began in February, Japan, the world’s…...
Canada to unveil response as Trump escalates tariff fight
2+ week, 6+ day ago (561+ words) Canada will announce new measures Tuesday in response to U.S. President Donald Trump’s latest tariffs, as the trade dispute between the neighboring countries deepens. The Canadian government said Monday night that the finance, industry and labor ministers, along with other officials,…...