BUSINESS

While the clothing industry in the UK is grappling with a crisis, a new shutdown decision has been made. Hip, a leading famous clothing chain in the country, has decided to close its doors. Following the announcement of its closure, the brand initiated a 90 percent discount on its products.

After a period of record decline, gold prices began to rise following the release of critical data. The movement in gold prices started on Wednesday, August 12th. With the announcement of the U.S. Consumer Price Index (CPI) figures, which the global markets were closely watching, there were sharp upward movements in the gold market. So, what are the current gold prices? What is the price of a gram of gold? Here are the gold prices.

The German automotive giant, Opel, has made the decision to shift the production of its most popular light commercial vehicle, the Combo, to Turkey. In line with this critical decision on a global scale, the vehicle will be manufactured in the Tofaş Factory in Bursa, starting from the third quarter of 2026.

While the main index in Borsa Istanbul has been following a flat and stagnant course for months, the unusual price movements in sub-stocks have become the most important agenda item in financial markets. According to a report by Tolga Uğur from Sözcü, the share values of some companies, which can be considered at the scale of SMEs in terms of the number of employees, and for which brokerage firms have not even prepared analysis or research reports, have multiplied. A company with 19 employees surpassed Koç and Sabancı, becoming the 'second most valuable company'.

RollsRoyce, a global giant in the aviation, defense, and energy sectors, has made headlines with a new incentive and wage package prepared for its Turkish executive, Tufan Erginbilgiç. Erginbilgiç, who took the helm of the company in 2023, will receive a 550% increase in his salary if he achieves the set strategic and financial targets. The Turkish CEO's salary could reach 1.6 billion TL.

The gold prices, which have been on a downward trend for a long time, have started to fluctuate again. The heated developments in the Middle East, statements from leaders, and the suppression process in ounce gold directly determine the pricing. Financial analyst Islam Memiş revealed the 8,000 TL scenario in gram gold, issuing warnings to investors.Source: Mynet/Aleyna Türkmen

In recent years, due to high bank interest rates and tightening credit facilities, interest-free savings finance companies have become the primary focus for citizens. There are claims of comprehensive regulatory preparation being conducted for this massive sector, known as the 'Home' system, which has a daily turnover of billions of lira.

Prominent global investment banks have shared their latest predictions regarding gold prices. These world giants have made 'record' forecasts for gold. Sucden Financial and Standard Chartered have announced the date when they expect gold to reach its peak.

The second-hand car market, which has been viewed as an investment tool for a long time in Turkey, is practically hunting for flies. Particularly, the fluctuations in gold prices, currency exchange rate instabilities, and the successive campaigns announced by automotive brands for brand new vehicles have brought sales in the second-hand market to a standstill.

The provinces in Turkey with the highest foreign currency reserves have been identified. The Anatolian city has surpassed Istanbul and Ankara, securing its place at the top. According to data from the Banking Regulation and Supervision Agency (BRSA), the total deposit size within the country reached the threshold of 30 trillion 100 billion TL during the period from January to June.

Sanipak, housing the cleaning giants Selpak and Solo, has officially changed hands. The sale of Sanipak, which operates under the Eczacıbaşı Holding, to the Malaysia-based company Arch Peninsula Sdn Bhd, has formally taken place. The sale price was disclosed in a statement made to the Public Disclosure Platform (KAP).

WH Smith, a historical symbol of trade in England with a 234-year-old legacy, is teetering on the brink of bankruptcy. Once a popular destination for millions, the company has fallen victim to the digital transformation and changing consumer habits. Consequently, it has made the decision to close 150 of its stores by the end of the year.

Toyota has emerged as the world's best-selling car brand. With its colossal sales volume in the first half of 2026, the company managed to outpace its closest competitors, securing the title of the world's highest-volume vehicle manufacturer for the seventh consecutive time.

Millions of citizens are in search of the formula to increase their pension income. The calculations for retirement pensions are not only confined to the basic earnings and duration of employment. The year in which the petition is submitted plays a decisive role in determining the monthly amount to be paid. According to a report by Faruk Erdem in Takvim, there may be a difference in the pensions of those who will retire in 2026 and 2027.

India, one of the major powerhouses in the global gold market, has made a decision to hike its gold import tax to 15%. This move by the Indian government is aimed at curbing the current account deficit and alleviating the pressure on the local currency, the rupee. The World Gold Council announced that due to these high taxes, there has been a surge in the smuggling of gold into India. According to the Council's estimate, if this trend continues, the amount of gold illegally brought into the country will exceed 100 tons by the end of 2026.

A new legal regulation, which is of great concern to millions of retirees with social security debt, has been implemented. Retirees with outstanding debts will have deductions made automatically from their pensions, without the need for any approval document or debt collection process. Social Security Expert Isa Karakas has clarified the group for whom the pension will be cut and those who will not be affected.

The latest Reuters survey revealed striking results that closely concern gold investors. The research, conducted with the participation of analysts, brought forth new gold prices. For the first time since 2023, expectations for gold prices have been revised downwards.