Global food prices rise for 3rd straight month amid Hormuz disruptions

FAO Food Price Index up 1.6% from March, 2% year-on-year, as Hormuz-linked energy disruptions increase input, transport costs

Global food prices rise for 3rd straight month amid Hormuz disruptions

FAO Food Price Index up 1.6% from March, 2% year-on-year, as Hormuz-linked energy disruptions increase input, transport costs

Turkish industrial production falls 1.1% in March

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US trade court says Trump's 10% global tariffs are illegal

Three-judge panel says proclamation Trump signed to impose work-around duties is 'invalid, and the tariffs imposed on plaintiffs are unauthorized by law'08 May 2026

Digitalization in participation finance explored at Anadolu's summit

Digitalization no longer merely complementary element of banking but transformative force at core of business model, Anadolu editor-in-chief says08 May 2026

Mastercard prepares to launch services in Syria after 15 years

SANA says company completed technical procedures to process international bank card transactions08 May 2026

New models in participation finance highlighted at Anadolu's summit

Participation-based investment products in transition process, both for diversity and performance, says chief of Anadolu Economy/Finance Department07 May 2026

Türkiye aims for top 5 in global participation finance

Finance minister says share of participation banks in Turkish banking sector has risen over last 20 years07 May 2026

Participation finance gaining global traction: Turkish vice president

Türkiye ranked 23rd among 82 countries in Islamic Finance Development Index in 2012, rising to 10th place among 140 countries by 202507 May 2026

Turkish Aerospace Industries plans to boost annual aircraft production capacity by 24 units

Fighter jet Kaan’s second prototype to fly within months while efforts underway for third new test aircraft, says deputy general manager07 May 2026

Defense firm TEI CEO eyes export growth as Türkiye expands aviation engine capabilities

Turkish engine maker’s exports neared $0.5B last year, with parts used in more than 50 engine programs globally, CEO says 07 May 2026

Türkiye’s Baykar inks deal with Italian Gruppo Esea for robotic production line

Robot production line to enable higher volume output of drone technologies in more cost-effective, standardized manner, says Baykar CEO07 May 2026

Oil prices extend sharp decline as Middle East peace hopes ease Hormuz fears

Brent crude futures fall nearly 5% to $96.5, WTI drops to $90.5 per barrel07 May 2026

Global food prices rise for 3rd straight month amid Hormuz disruptions

FAO Food Price Index up 1.6% from March, 2% year-on-year, as Hormuz-linked energy disruptions increase input, transport costs

Global food prices rise for 3rd straight month amid Hormuz disruptions

FAO Food Price Index up 1.6% from March, 2% year-on-year, as Hormuz-linked energy disruptions increase input, transport costs

Economy

Economy

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US economy adds 115,000 jobs in April, more than expected, unemployment steady at 4.3%

EU aviation regulator issues guidance on US jet fuel use amid supply risks

Türkiye becomes UAE’s 5th largest non-oil trading partner, Emirati trade minister says

Turkish central bank prioritizes price stability despite ongoing wars, says bank governor

Anadolu summit discusses future strategies of participation finance

UAE Gulf Marine Services profit falls 24% after Gulf war disrupts vessel operations

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