Turkey Financial News
28.03 / 05:23
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Pikachu was protesting against Erdogan in Turkey, what happens next will leave you in splits. Watch viral video
Ekrem Imamoglu on charges of alleged links to terrorist organizations. Imamoglu, a key opposition leader and President Tayyip Erdogan’s main political rival, was detained earlier this week. His arrest has led to public outcry, with nearly 1,900 demonstrators reportedly detained during the protests. Viral video of Pikachu costume protester sparks online reactions Amid the ongoing unrest, a viral video has surfaced showing a protester dressed in an inflatable Pikachu costume fleeing from the police. Writer and political commentator Adam Schwarz shared the video on Bluesky, stating, “Pikachu was spotted amongst anti-Erdoğan protesters fleeing from police in Antalya, Turkey last night.” The clip was later reposted on X, where a user joked, “The Pokémon have risen against Erdogan.” According to 404 Media, the video was first captured by Ismail Koçeroğlu, a photojournalist at Akdeniz University in Antalya. Alongside the original footage, an AI-generated image of Pikachu among the protesters has also gained traction on social media. Imamoglu’s response and opposition’s stanceImamoglu, a leading figure in the opposition Republican People’s Party (CHP), addressed the public following his arrest. In a statement on X, he declared, “I will not give up.” His detention has intensified political tensions in Turkey, with opposition supporters rallying against the government’s actions.
14.05 / 09:15
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Eichengreen: Gold stack-ups by central banks reflect dismal prospects of globalization
Subscribe to enjoy similar stories.Gold may be a “barbarous relic,” as John Maynard Keynes once observed, but it remains the relic of choice among central banks. Emerging-market central banks have been loading up on gold reserves ever since the 2008 global financial crisis, more than doubling their holdings. Does the anomalous behaviour of gold prices since the outbreak of the war with Iran call this strategy into question, or is something else going on?Gold’s allure derives from its reputation as a safe haven and inflation hedge.
06.05 / 08:55
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Mahindra's next challenge: maintaining its growth lead
Subscribe to enjoy similar stories.Mahindra & Mahindra’s March quarter (Q4FY26) shows why it’s one of the most consistent growth stories in India’s auto sector. It beat Street expectations on revenue and profit. Better-than-expected realizations in SUVs – its primary segment, and a sharp rise in other income were the key drivers.
20.04 / 01:39
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Big oil plows billions into far-flung drilling sites to escape Iran turmoil
Subscribe to enjoy similar stories.Exxon Mobil, Chevron and other energy companies are speeding up their searches for new oil-and-gas prospects—far away from the perils of the war in the Middle East.Exxon recently outlined a potential plan to pump up to $24 billion into Nigeria’s deep-water oil fields, while Chevron expanded its footprint in Venezuela. BP bought stakes in oil blocks off the coast of Namibia, and TotalEnergies signed an exploration deal with Turkey.
19.04 / 11:45
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The World Trade Organization just can’t find a consensus on anything—Its future looks bleak
Subscribe to enjoy similar stories.If you want proof that multilateralism is limping and hobbling, all you have to do is look at the latest ministerial of the World Trade Organization (WTO) held last month. The talks ended without any consensus over a global trade deal, adding yet another episode to years of paused global trade agreements.
14.04 / 01:45
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Donald Trump’s blockade of Hormuz is a dangerous gamble
Subscribe to enjoy similar stories.WHEN AMERICA and Israel began their war on February 28th, it was widely expected that Iran would choke off shipping in the Strait of Hormuz. Few would have predicted that, less than two months later, Donald Trump would impose a blockade of his own, targeting traffic to and from Iranian ports and coastal areas. It went into effect on April 13th.
13.04 / 08:37
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Kaushik Basu: Democratic decline may be worse than what existing measures capture
Democracy is inherently fraught. At its core lies the difficulty of translating individual preferences into a coherent social choice, a problem famously captured by Nobel laureate economist Kenneth Arrow’s impossibility theorem and later developed by another Nobel laureate Amartya Sen in his 1970 book Collective Choice and Social Welfare.
11.04 / 01:33
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How Gemini transformed my reading
The Museum of Innocence by Orhan Pamuk, the Turkish Nobel laureate, I found myself wanting to stop and find out more about the author, the city of Istanbul, the Bosphorus, and many other things. I started asking Gemini, which soon became my reading companion for this interesting book.As I progressed past a chapter or two, I became consumed with curiosity about Füsun, the beautiful young girl with whom Pamuk’s main character Kemal became obsessed with. She was described in such detail that she seemed entirely real, and I couldn’t help wanting to see her.“Show me Füsun,” I asked Gemini.
03.04 / 14:23
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Dry fruit prices surge as imports from Afghanistan, Iran face disruptions
₹600 per kg to ₹1,000 per kg, premium Mamra almonds from Iran up about 25% to ₹3,500 per kg, and prunes in some cases doubling from ₹500 per kg to ₹1,000 per kg. Pistachio prices have risen from ₹2,000 per kg to ₹2,800 per kg in the past month.Overall, he said, imported dry fruit prices have increased between 15% and 100%, depending on availability and sourcing constraints.India sources a wide range of dry fruits globally, with Iran and Afghanistan among the key suppliers of pistachios, figs, raisins, apricots, dates and premium Mamra almonds.
28.03 / 10:59
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Pakistan steps into spotlight amid fog of US-Iran war
the New York Times. This is to give Trump additional military options even as he weighs a new diplomatic initiative with the Islamic republic, according to the report.“About 2,300 Marines from the 31st Expeditionary Unit are scheduled to arrive in the Middle East later this week, and U.S.
05.03 / 07:29
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Estée Lauder completes Forest Essentials buy, cements its big bet on India's booming luxury beauty market
The Estée Lauder Companies has signed an agreement to acquire the stake it doesn’t already own in Indian luxury beauty company Forest Essentials, with the transaction expected to close in the second half of 2026, said Stéphane de La Faverie, president and chief executive officer of The Estée Lauder Companies.The deal completes an 18-year partnership with the luxury Ayurveda brand, which was founded by Mira Kulkarni.Forest Essentials sells Ayurvedic skincare and haircare products and competes with premium labels such as Kama Ayurveda. Estée Lauder had a 49% stake in the company in 2013, which it increased from a 20% stake it took in 2008.Speaking to Mint, La Faverie, said, “Today, this brand is the leader in prestige skincare in India, which is still a very small segment of the larger beauty business in India.
04.03 / 00:41
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International
String of international exits narrows foreign loss makers for Mahindra
Exits from international subsidiaries and associate companies in Japan, Finland and Sri Lanka in the financial year 2026 have narrowed the list of loss-making foreign companies for Mahindra and Mahindra Ltd, which is resetting its international business to back profitable businesses.The exits from international subsidiaries and joint ventures in the three countries have helped Mahindra and Mahindra shed companies with total annual losses of about ₹313 crore or 2.2% of its consolidated profit of ₹14,073 crore as of 31 March 2025.With these exits, the major loss-making foreign subsidiaries of the Mumbai-based company have narrowed down to companies in the US, Turkey, Mauritius and Germany, which together posted losses of ₹670 crore, or 4.7% of the company’s consolidated profits for FY25.Mahindra’s strategy to curb losses in its international businesses has come into focus after its exit from its Japanese subsidiary, Mitsubishi Mahindra Agricultural Machinery, on Monday, which it said will help reduce losses from a business it acquired in 2015.“On completion of the liquidation procedure, the promoter group would not have to incur the annual loss as well as fund these losses,” the company said in an exchange filing on Monday.The company’s renewed focus on exiting loss-making international businesses to double down on its high-growth areas and markets comes at a time when group chief executive Anish Shah is set to complete five years at the helm next month.Since taking over in 2021, Mahindra under Shah has exited several key international loss-making businesses as it seeks to increase profitability.
01.03 / 06:11
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Mint Explainer | How Harvard Medical’s tie-up with AIIMS, Delhi for face transplants will help acid attack victims
Mint explains this breakthrough initiative for patients with severe facial disfigurement and who have exhausted conventional options to restore critical functions such as breathing, eating, and speaking, besides identity and social acceptance; along with accompanying legal and ethical issues.Face transplantation has transitioned from an experimental procedure to an established clinical practice. Successful procedures have been performed in France (the site of the first partial transplant), the US, China, and Turkey.
28.02 / 09:57
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The great realignment: Why India is Looking to Canada and Israel as Kabul and Islamabad clash
There’s a full fledged war going on between once-close neighbours Pakistan and Afghanistan. The two have been trading deadly shelling and mortar fire across their border, with Pakistan Defence Minister Khwaja Asif saying on Friday that his country’s patience had “run out” and declaring “open war” on its neighbour.
20.02 / 01:17
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Trump can prevent a war among America’s Mideast allies
Subscribe to enjoy similar stories. Syria’s possible descent into another civil war, Israel’s recognition of Somaliland, the United Arab Emirates’ failed offensive in Yemen, final U.S. withdrawal from Iraq, and the slow transition from war to peace in Gaza may appear to be disconnected events in a fractious region.
09.02 / 02:25
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Geo-economics: Why India’s interim trade deal with the US matters more than its tariff math
Subscribe to enjoy similar stories. In a world of trade roiled by US President Donald Trump, it is good news that choppy seas promise to settle for shipments between Indian and American ports. Only a framework for an interim trade deal has been decided so far, but it lets us look farther over the horizon with anticipation.
04.02 / 14:17
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Iran plays hardball with the US to throw it off balance
Subscribe to enjoy similar stories. Iran’s abandonment of a planned meeting with U.S. and regional officials in Turkey in hopes of holding more narrowly defined talks in Oman is right out of the regime’s hardball playbook—a last-minute curveball aimed at leaving everyone else off balance.
28.01 / 14:53
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Can Israel move past Netanyahu?
Subscribe to enjoy similar stories. As President Trump ponders a second military strike on Iran, the relationship between the U.S. and Israel is evolving.
22.01 / 14:49
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Trump wants peace board to rewrite global order—but major powers aren’t sold
Subscribe to enjoy similar stories. President Trump touts his Board of Peace as an organization of accomplished leaders that will displace the United Nations, with him as permanent chairman. But so far it is a group of countries more interested in currying favor with him than in solving pressing conflicts.
13.01 / 01:39
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US to impose 25% tariff on countries doing business with Iran, Trump says
Subscribe to enjoy similar stories. The U.S. will put a 25% tariff on any country that does business with Iran, President Trump said on Monday, raising pressure on the Middle Eastern nation after days of protests against the government.
11.01 / 08:11
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As Europe’s re-armament grows likely, a window of opportunity may be opening for India
Subscribe to enjoy similar stories. While the White House insists that the US might use military force to annex Greenland, serious people in Denmark believe that the actual takeover might be more prosaic. As Shane Harris and his colleagues report in The Atlantic, President Donald Trump could simply announce on social media that the territory is now a part of the US.
02.01 / 02:13
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What a digital detox can do for you
• Don’t go cold turkey. If you’re averaging multiple hours on social media, it’s not realistic to go to zero. Start with a goal of limiting or restricting your use by a certain amount.• Use your phone to set screen-time limits or cut-off times. Your phone can help you reach your goals.
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