News
The US manufacturing PMI index continued its decline in May. The import gauge fell to its lowest level in 16 years as firms retreated from higher tariffs.
The US claims it will allow Iran to enrich uranium at low levels for a certain period of time
The White House said US President Donald Trump is “open” to meeting with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy in Türkiye.
Aluminum prices rose after Trump said he would double tariffs on metals this week.
The UK manufacturing PMI has been showing a contraction in operating performance for the past eight months in a row.
According to the Caixin/S&P Global Manufacturing Sector Purchasing Managers Survey, China’s manufacturing sector contracted at its fastest pace since September 2022 in May.
Aksa Acrylic, one of the Akkök Holding companies, announced that it signed a binding share transfer agreement to take over Dow Europe Holding B.V.’s 50 percent stake in DowAksa Advanced Composites Holdings B.V.
Exports in May increased by 2.7 percent compared to the same month of the previous year, reaching $24.8 billion, while imports increased by 2.1 percent to $31.3 billion. The foreign trade deficit increased slightly compared to the same period of the previous year, reaching $6.5 billion.
Making statements after the Cabinet Meeting, President Recep Tayyip Erdoğan stated that there was no reason to think negatively or be pessimistic, and said, “A historic window of opportunity has opened for Türkiye.”
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