Global Giant Issues Record Gold Forecast and Target Date
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.
"I Sold My Car for 3 Handfuls of Gold!" Market Reverses
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.
Anatolian City Tops Turkey's Foreign Currency List!
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.
Giant Turkish Tissue Brand Sanipak Sold to Malaysia
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).
Historic 234-Year-Old Book Giant Faces Bankruptcy
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.
World's Best-Selling Car Brand Revealed
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.
Critical Date to Boost Retirement Pension by 4 Percent
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.
Gold Under Siege: Smuggling Set to Top 100 Tons!
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.
Attention Pensioners: Automatic Salary Cuts Begin!
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.
Gold Price Forecasts Drop for First Time in Three Years
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.
End of an Era: 139-Year-Old Tech Giant Collapses!
The German battery giant Varta, which manufactures a wide range of products from wireless earbuds to electric vehicles, and from home energy storage systems to microscopic devices, has officially filed for bankruptcy following a deepening financial crisis.
World's Largest Food Giant Sells Half of Its Iconic Bottled Water Brand
Nestle, one of the major players in the global food market, has made a strategic decision to undergo a profound restructuring in its water operations. The company has transferred 50% of its shares in its massive water group to Platinum Equity, a private equity fund based in the United States.
Gold Dethroned: Investors Shift Toward New Financial Haven
The Central Bank has released the results of the household expectation survey for July. According to the survey, citizens' investment preferences have shifted. While the number of those saying 'I would buy gold' has decreased, the preferred investment tool of the citizens has become clear.
Automotive Giant Bosch Pauses Production in Bursa
Bosch Brake Systems Industry and Trade Inc., one of the leading players in the automotive aftermarket industry on both a global and national scale, is temporarily suspending production at its manufacturing facilities located in Bursa. The giant manufacturer, which made an official announcement via the Public Disclosure Platform (PDP), stated that the practice is part of the annual leave program as well as periodic maintenance and renewal works.
Lifetime Pension From SGK: Here Is the 10% Rule!
An important social security right, which directly concerns millions of workers who have suffered occupational accidents and retirees who continue to be employed, has come to the fore. Isa Karakas, the Chief Specialist of the Social Security Institution (SSI), shared critical details regarding the 'permanent disability income' allocated to workers who suffer lasting damage following an occupational accident or professional disease.
