Author: Anadolu Agency

The market capitalization of U.S.-based electric vehicle (EV) giant Tesla exceeded $1 trillion on Friday. Following Donald Trump’s election victory in the U.S., the price of a Tesla share jumped by 13.5% to $285 on Wednesday. Trump is expected to impose additional tariffs on imported goods, including electric vehicles, particularly those from China, which is anticipated to strengthen Tesla’s dominance in the U.S. EV market. Between Wednesday and Friday, Tesla’s share price posted a further increase of 14.6%, closing at $327 as of 1930 GMT. Since the beginning of the month, Tesla shares have gained approximately 31%, bringing the company’s…

France will deploy 4,000 police personnel for Thursday’s UEFA Nations League match against the Israeli national football team, French daily Le Monde reported on Saturday. Nearly 2,600 gendarmes and police officers are expected to be on duty around Saint-Denis’ Stade de France where Group A2 runners-up France will host Israel in a Nations League match. Plainclothes police officers will also be in the stands of the stadium. Located in the northern Paris suburb of Saint-Denis, the Stade de France is the largest French stadium as it accommodates around 81,000 people. The French elite riot police, the CRS (Republican Security Corps),…

Türkiye’s Central Bank on Friday raised its year-end inflation forecast for 2024, 2025 and 2026. Annual consumer inflation is projected to reach 44% this year, from the previous forecast of 38%, Governor Fatih Karahan told a meeting held to release the bank’s fourth and last inflation report of this year. The year-end inflation forecast for 2025 raised to 21%, up 7 percentage points from the previous report. “We foresee that inflation will decline to 12% in 2026,” Karahan said, adding that inflation is targeted to stabilize at 5% in the medium term. The previous projection for 2026 was 9%. Falling…

Egypt’s trade relations with Türkiye are “very robust and balanced,” reflecting a healthy economic partnership between the two countries, according to Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib. Egypt and Türkiye “have highly diversified exports, which strengthen their trade relationship,” Khatib said in an interview with Anadolu. “Türkiye is the first export destination to Egypt globally and Egypt is one of Türkiye’s most significant trade partners in Africa, while Türkiye is the top export destination for Egyptian goods,” he added. Khatib landed in Türkiye on Monday to attend the opening session of the 40th Ministerial Conference for Trade…

Türkiye’s benchmark stock index BIST 100 opened Thursday at 8.873,32 points, up 0.12% or 11 points from the previous close. On Wednesday, the BIST 100 index rose 2.83% to 8,862.32 points, with a daily transaction volume of 98 billion Turkish liras ($2.86 billion). As of 10.15 a.m. (0715GMT), exchange rates stood at 34.2310 for the US dollar against Turkish lira, 36.8550 for the euro, and 44.3100 for the British pound. The price of one ounce of gold was $2,662, and Brent crude oil traded at $74.80 per barrel.

Fans from Galatasaray unveiled a giant ‘Free Palestine’ banner Thursday during a UEFA Europa League match. Fans displayed banners that read: “Free Palestine”, “Palestinian Genocide” and “Let Gaza Babies Live” behind one of the goals, showing solidarity with Palestine. Paris Saint-Germain fans also unfurled banners supporting Palestine during a UEFA Champions League match Wednesday against Atletico Madrid. Israel has continued a devastating offensive on Gaza since an attack by the Palestinian resistance group, Hamas, on Oct. 7, 2023. The ensuing onslaught has killed nearly 43,500 victims and rendered the enclave almost uninhabitable. Israel faces a genocide case at the International…

Republican Donald Trump was elected the 47th president of the U.S. on Wednesday and he is likely to adopt expansionary fiscal policies, such as tax cuts and increased spending on infrastructure, Sank Manukyan, international markets specialist at IS Investment, told Anadolu. Manukyan stated that some movement in futures started before the Fed’s rate cut, and this gained further momentum. He noted that the premium in bond yields increased, which signals that inflation uncertainties persist, and the concerns that the two presidential candidates would not act responsibly on budget deficits, the movement in bond markets further increased. He added that all…

The electric vehicle giant Tesla’s shares posted a significant increase following Donald Trump’s election victory on Wednesday. As of GMT1640, the price of the firm’s shares was up by around 13.3% to $284.7. Trump is expected to implement additional tariffs on imported goods, including electric vehicles (EVs), particularly from China. This situation will strengthen the dominance of Tesla in the U.S. EV market. Elon Musk, owner of the firm, was one of the biggest supporters of Trump during the election process.

U.S. stocks closed with gains on Tuesday amid the ongoing U.S. presidential elections. The Dow Jones industrial average rose 427.28 points, or 1.02%, to finish the day at 42,221.88. The S&P 500 added 70.07 points, or 1.23%, to reach 5,782.76. The Nasdaq also increased 259.19 points, or 1.43%, to end at 18,439.17. The VIX volatility index, referred to as the “fear index,” fell 6.78% to 20.49. The U.S. dollar index slipped 0.45% to 103.42, while the EUR/USD exchange rate was stable. Precious metals were in positive territory. Gold earned 0.27% to $2,743.99 per ounce and silver rose by 0.62% to…

Turkish Treasury and Finance Minister Mehmet Simsek will pay a visit to China to attend several high-level meetings this week. As part of his official visit to the capital Beijing, Simsek will first attend the joint working group meeting on Nov. 6 to discuss the harmonization of the Middle Corridor Initiative and the Belt and Road Initiative, according to information obtained by Anadolu. The Memorandum of Understanding (MoU) on the Harmonization of the Silk Road Economic Belt, the 21st Century Maritime Silk Road, and the Middle Corridor Initiative was signed in the Turkish Mediterranean resort city of Antalya in 2015.…