BUSINESS

Watan Design Furniture Trade and Industry Corporation (WD Group), one of the key players in Turkey's furniture and project decoration sector, headquartered in Bursa, has officially gone bankrupt, unable to overcome the financial crisis it found itself in. The company, operating in a massive 15,000 square meter production facility, lost the legal and financial battle it had been fighting for some time.

While the global markets are keeping a close eye on commodity prices, a groundbreaking analysis on gold has emerged from the US investment bank, Goldman Sachs. The bank's latest report indicates a substantial update in the current analysis model that measures the demand for gold by central banks. This leading institution has revealed that central banks are actually stockpiling gold in a much more aggressive manner than anticipated.

The backstage hustle and bustle in the energy markets is on the verge of igniting the fuse of a new crisis that could profoundly shake the global economy. Fatih Birol, the head of the International Energy Agency (IEA), has issued an urgent warning to the international community, declaring that commercial oil stocks worldwide are being depleted at an alarmingly rapid pace.

In recent years, silver, which has brought a smile to the face of its investors, has virtually overtaken gold. As the safe haven has been maintaining a stagnant course in recent months, a fresh perspective has emerged from Islam Memiş. Offering his insights on gold, Islam Memiş stated that silver will be the champion investment tool for the years 2027 to 2028.

LinkedIn, the world's largest social networking platform for the business world, which has facilitated millions of professionals worldwide in climbing their career ladders and helped companies find the skilled workforce they are seeking, has recently made headlines with a game-changing development. The giant platform, which has been the lifeblood of the employment market until now, has ceased to resist the global wave of change that has swept the technology sector and announced that it will initiate a large-scale layoff operation within its own organization.

Goodyear and Michelin, two of the world's largest tire manufacturers, have identified technical issues in some of their popular tire models that pose a direct threat to driving safety. In an effort to ensure the safety of drivers, both of these giant brands have announced the initiation of a large-scale recall process.

Economist Selçuk Geçer has shared his insights on current affairs via his YouTube channel. Geçer has predicted a price of $5,000 for gold. He further asserted that this figure will be seen in the 'very near' future. 'In the event of another significant geopolitical tension, I am of the opinion that particularly gold and silver prices could make much sharper movements,' Geçer stated.

Honda, one of Japan's most established manufacturers, is facing a historic crisis due to bottlenecks experienced in its electric vehicle (EV) strategy. The giant corporation, which went public in the 1950s and has managed to maintain its profitability graph ever since, has reported an annual loss for the first time in its history.

Why isn't inflation, which has become a chronic wound of Turkey's economy, entering a lasting downward trend despite the recent measures taken? In his latest analysis, renowned economist Mahfi Eğilmez answers this question and draws attention to the critical shortcomings in Turkey's economic management.

While global markets are focused on the tension in the Middle East and inflation data, there has been an exciting development from the Swiss banking giant UBS. The bank continues to maintain its year-end targets for gold and silver, which could be described as 'record-breaking'. The banking behemoth has provided a new figure, announcing the date when gold is expected to rise.

As global markets are being rocked by geopolitical tensions and economic uncertainties, a startling statement has come from Eric Sprott, a legendary figure in the investment world. The 81-year-old billionaire, who has tied almost his entire fortune to precious metals, has pronounced jaw-dropping figures for gold and silver. According to Sprott, the current economic landscape is setting the stage for the 'real rise' of precious metals.

The executive of a world-renowned jewelry brand has advocated for the prohibition of gram gold and quarter gold. Financial Analyst Islam Memiş, however, fired back at these comments with fervor. Memiş retorted, '025, 050 gram have already been banned. Now, all that's left are gram gold and quarter gold. What more do you want from a person who works till dusk just to save up?'

As the volatility in gold prices continues, one of the topics that citizens are most curious about is the differences between gold carats. Is it for investment or for use as jewelry? According to the data from the Turkish Standards Institute (TSE), the purity ratios determined not only affect the brightness of the gold, but also directly impact the return on your investment. What is the difference between 14, 18, and 22 carat gold?

As the global markets are being roiled by the heated news from the U.S. and Iran front, the surge in oil prices up to $119 has shifted the balances in asset prices. Islam Memis, a renowned financial analyst, signaled towards Friday while issuing warnings about manipulation. Memis advised, 'Hold onto what you have.'

The wealth map across Europe is undergoing a transformation. The 2026 Wealth Report, published by Knight Frank, revealed a 26% growth in the ultra-wealthy population on the continent over the past five years. Turkey, with a striking 94% increase in its ultra-wealthy count, has been maintaining a strong pursuit at the summit in Europe during this period.

The textile titans of Turkey are in the grip of an economic crisis. A multitude of firms are shifting their production to Egypt due to issues with raw materials and the ongoing economic hardships. This has set off alarm bells for the giants that remain in Turkey. Most recently, Ataca Textile, which exports to 14 countries, declared bankruptcy protection.

As global markets are swayed by central banks' interest rate decisions and escalating geopolitical risks, there's a growing curiosity about the future of gold prices. With the advent of May, questions such as 'Will gold prices rise? What will happen to gold prices?' have resurfaced. Speaking on the subject of gold prices, Islam Memiş shared his May predictions for the price of gold per gram.