EU auto quota plan draws concern over Türkiye-EU supply chains

Volkswagen, Renault, Stellantis lobby for 70% domestic value threshold to be generated in EU member states, sidelining Türkiye and threatening a 30-year integrated supply chains, sector representative warns

EU auto quota plan draws concern over Türkiye-EU supply chains

Belgium’s Euramec, Türkiye's Havelsan sign defense cooperation agreement

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Turkish stock exchange ends Tuesday in green

Benchmark BIST 100 index rises 46.67 points in closing session16 June 2026

US housing starts unexpectedly plunge 15.4% in May

Housing starts miss forecasts by wide margin, while building permits, completions also decline16 June 2026

Strait of Hormuz disruptions may boost food inflation, UN FAO chief economist warns

Corn, soybean and wheat prices may rise due to shipping disruptions, while price trends largely depend on developments around Strait of Hormuz, says Maximo Torero16 June 2026

Syria, US ink deal to develop gas fields, boost production

Agreement with ConocoPhillips and Novaterra Energy aims to expand gas output, strengthen electricity supplies and support rehabilitation of Syria’s energy sector16 June 2026

Strait of Hormuz shipping traffic may take few months to return to pre-war levels

Some 500 ships waiting in Gulf to begin gradually departing, with traffic expected to reach only 50% of pre-war levels within 30 days16 June 2026

All eyes turn to new Fed chair Kevin Warsh’s stance rather than monetary policy decision

Warsh’s post-meeting statements may shed light on his interpretation of supply shock from Middle East war to assess Fed’s future policy, path Warsh may take to convince board to cut rates in next 12 months, experts say16 June 2026

Oil prices tumble as Brent falls below $80 on hopes Hormuz flows will recover

Brent crude drops more than 4%, slipping below $80 per barrel for first time since early March16 June 2026

US emergency oil reserve falls to lowest level since 1983

Strategic Petroleum Reserve drops to 340.3M barrels after months of emergency releases, according to federal energy data16 June 2026

World’s 500 richest add record $336B to fortunes in single day

Elon Musk’s net worth rises more than 10% to $1.27T after SpaceX shares surge 20%16 June 2026

Global markets trade mixed as investors weigh US-Iran peace deal

Markets show initial relief following diplomatic breakthrough but investors remain cautious over undisclosed details16 June 2026

Economy

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Economy

UAE plans to cut Strait of Hormuz dependency to ‘zero’: Report

Yum Brands to sell struggling Pizza Hut chain for $2.7B

Global markets mixed as investors await Fed decision, seek clarity on US-Iran deal

Volkswagen to cut output at Osnabruck plant as convertible demand weakens

Tupras retains top spot among Türkiye's largest industrial companies

Japan exports post strongest growth in more than 3 years on chip, auto demand

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