Business News

Professional English articles covering finance, management, and industry trends.

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50 articles
Boeing Seeks to Reclaim China's Aviation Market
6Pre-AdvancedBusiness

Boeing Seeks to Reclaim China's Aviation Market

Boeing may be close to securing a massive deal for approximately 500 aircraft with China's major airlines. This potential order, heavily weighted toward the 737 MAX, could reshape Boeing's financial recovery and its rivalry with Airbus.

2 min read
May 14
Turkey Housing Sales Hit Highest Level of 2026
5Upper IntermediateBusiness

Turkey Housing Sales Hit Highest Level of 2026

Housing sales in Turkey reached 126,808 units in April 2026, marking the year's strongest monthly performance. Mortgage-backed transactions surged by 40.5%, while new-build sales rose nearly 10%, signaling renewed confidence in the real estate market.

2 min read
May 14
Light-Speed Ambitions: POET's $500 Million Photonic Push for AI
7AdvancedTechnology

Light-Speed Ambitions: POET's $500 Million Photonic Push for AI

POET Technologies and Lumilens have announced a landmark partnership to develop next-generation optical engines for AI data centers, beginning with a $50 million purchase order that could scale to over $500 million. This strategic alliance signals a pivotal shift in how the technology industry addresses the critical bottleneck of data transfer speeds in artificial intelligence infrastructure.

2 min read
May 14
SoftBank's Vision Fund Posts Historic $46 Billion Gain on OpenAI Bet
7AdvancedBusiness

SoftBank's Vision Fund Posts Historic $46 Billion Gain on OpenAI Bet

SoftBank's Vision Fund recorded a staggering $46 billion annual gain, with nearly all profits stemming from its massive investment in OpenAI. While the results validate CEO Masayoshi Son's aggressive AI strategy, mounting debt concerns and extreme portfolio concentration have prompted credit rating agencies to revise their outlook downward.

2 min read
May 14
OpenAI Launches Deployment Company to Transform Enterprise AI
6Pre-AdvancedTechnology

OpenAI Launches Deployment Company to Transform Enterprise AI

OpenAI has established a new subsidiary called the OpenAI Deployment Company, backed by over four billion dollars in initial investment. This venture aims to embed specialized engineers directly inside businesses, helping them integrate advanced AI into their most critical operations and workflows.

2 min read
May 12
Turkey Debates Tax-Free Vehicle Purchases for Retirees
5Upper IntermediateBusiness

Turkey Debates Tax-Free Vehicle Purchases for Retirees

Turkey's parliament is reviewing a new proposal that would allow certain retirees to buy vehicles without paying the Special Consumption Tax. If approved, this policy could help millions of retired citizens afford new cars. The debate highlights how governments use tax policy to support aging populations.

2 min read
May 12
Turkey's Early Retirement Debate Raises Fiscal Concerns
5Upper IntermediateBusiness

Turkey's Early Retirement Debate Raises Fiscal Concerns

Millions of Turkish workers are demanding a gradual early retirement system, but the government says the cost is too high. The 2023 early retirement law already cost 724 billion liras in one year, and a new proposal could add even more pressure to the national budget.

2 min read
May 12
SpaceX IPO Fever Lifts Rocket Lab and Reshapes the Space Economy
7AdvancedBusiness

SpaceX IPO Fever Lifts Rocket Lab and Reshapes the Space Economy

SpaceX's confidential IPO filing has ignited unprecedented investor enthusiasm across the commercial space sector. Rocket Lab's stock has surged to all-time highs while global space investment has reached record levels, signaling a fundamental repricing of the entire orbital economy.

2 min read
May 12
Discount Grocers Are Disrupting the U.S. Retail Market
6Pre-AdvancedBusiness

Discount Grocers Are Disrupting the U.S. Retail Market

Economic pressures have driven American consumers away from traditional supermarkets and toward budget grocery chains. Discount retailers like Aldi and warehouse clubs like Costco are reporting massive growth as a result. This fundamental shift in consumer behavior is reshaping the competitive landscape of the grocery industry.

2 min read
May 12
Turkey Holiday Pay: Expert Calculates 18,000 TL Extra for Workers
5Upper IntermediateBusiness

Turkey Holiday Pay: Expert Calculates 18,000 TL Extra for Workers

Social security expert İsa Karakaş has calculated that private sector workers in Turkey could earn up to 18,000 TL in additional pay during the upcoming Eid holiday. This calculation highlights important labor rights, as millions of workers prepare for the 4.5-day public holiday while the country continues to debate minimum wage adequacy.

2 min read
May 11
Landlord Confidence Returns as Rental Profits Hold Steady
6Pre-AdvancedBusiness

Landlord Confidence Returns as Rental Profits Hold Steady

New research reveals that 84% of UK landlords remained profitable in early 2026, with rental yields reaching 6.5%. Despite regulatory pressures and softening tenant demand, the sector shows resilience as investor confidence steadily improves.

2 min read
May 11
Cambodia's Heritage Tourism Boom Brings Growth and Risk
5Upper IntermediateBusiness

Cambodia's Heritage Tourism Boom Brings Growth and Risk

Southeast Asia is experiencing a record-breaking tourism surge in 2026, and Cambodia is at the center of this growth. While heritage tourism brings strong economic benefits, the country faces serious challenges in protecting its ancient sites from the pressures of rising visitor numbers.

2 min read
May 11
Las Iguanas Restaurant Chain Faces Financial Crisis in the UK
6Pre-AdvancedBusiness

Las Iguanas Restaurant Chain Faces Financial Crisis in the UK

Las Iguanas, a popular Mexican restaurant chain with 47 locations across the United Kingdom, is on the verge of collapse. The company must secure creditor approval for a restructuring plan by late May, or all of its restaurants could permanently close, highlighting the severe pressures on the UK casual dining sector.

2 min read
May 11
Oil Volatility Shakes Global Markets as Peace Deal Hopes Rise
6Pre-AdvancedBusiness

Oil Volatility Shakes Global Markets as Peace Deal Hopes Rise

Global stock markets experienced dramatic swings in early May 2026 as investors reacted to hopes for a U.S.-Iran peace deal and the potential reopening of the Strait of Hormuz. While Tokyo's Nikkei index surged nearly 6% to a record high, U.S. stocks pulled back slightly as Brent crude oil settled near $100 a barrel after wild price swings.

2 min read
May 8
U.S. Home Prices Still Rising but Growth Is Slowing Down
5Upper IntermediateBusiness

U.S. Home Prices Still Rising but Growth Is Slowing Down

Home prices increased in 71% of U.S. metro areas during the first quarter of 2026, but the pace of growth is clearly slowing. The national median home price reached $404,300, raising concerns about affordability and the future direction of the real estate market.

1 min read
May 7
Togg Partners With CATL Subsidiary to Build New Electric Vehicles
6Pre-AdvancedBusiness

Togg Partners With CATL Subsidiary to Build New Electric Vehicles

Turkey's electric vehicle manufacturer Togg has signed a strategic partnership with CAIT, a subsidiary of global battery giant CATL. Together, they will develop three new B-segment electric vehicles using an innovative integrated smart chassis platform.

2 min read
May 7
Live Nation Reports Loss Despite Record Concert Demand
5Upper IntermediateBusiness

Live Nation Reports Loss Despite Record Concert Demand

Live Nation, the world's largest live entertainment company, reported a $371 million operating loss in the first quarter of 2026. Despite strong revenue growth of 12%, a massive $450 million legal bill connected to antitrust cases pushed the company into the red. The situation raises important questions about how legal risks can overshadow even the strongest business performance.

2 min read
May 7
Disney Beats Expectations in New CEO's First Earnings Report
6Pre-AdvancedBusiness

Disney Beats Expectations in New CEO's First Earnings Report

The Walt Disney Company reported stronger-than-expected quarterly results under its new CEO, Josh D'Amaro. Revenue reached $25.17 billion, driven by streaming growth and record theme park performance, sending shares up roughly 7%.

2 min read
May 7
Trump Scraps Scotch Whisky Tariffs After Royal State Visit
6Pre-AdvancedBusiness

Trump Scraps Scotch Whisky Tariffs After Royal State Visit

President Trump has announced the removal of the 10% tariff on Scotch whisky imports following King Charles III's state visit to Washington. This diplomatic gesture could reinvigorate transatlantic trade worth hundreds of millions of pounds and restore a vital commercial partnership between Scotland and Kentucky.

2 min read
May 4
German Lubricant Giant FUCHS SE Secures Full Ownership of Turkish Joint Venture
7AdvancedBusiness

German Lubricant Giant FUCHS SE Secures Full Ownership of Turkish Joint Venture

FUCHS SE, the world's largest independent lubricant supplier, has completed its full acquisition of the OPET FUCHS joint venture in Turkey. This landmark deal grants the Mannheim-based corporation total control over a production facility in Aliağa and a nationwide distribution network, signaling deepening European investment in Turkey's lucrative energy sector.

2 min read
May 4
McDonald's Removes Self-Serve Soda Machines Across America
4IntermediateBusiness

McDonald's Removes Self-Serve Soda Machines Across America

McDonald's is removing self-serve soda fountains from all U.S. restaurants. This big change will happen gradually and should be complete by 2032. The decision shows how fast-food companies are changing their business strategy.

1 min read
May 4
Starbucks CEO Faces Backlash Over $9 Coffee 'Experience' Comments
5Upper IntermediateBusiness

Starbucks CEO Faces Backlash Over $9 Coffee 'Experience' Comments

Starbucks CEO Brian Niccol has sparked widespread criticism after calling a $9 cup of coffee an 'affordable premium experience.' The backlash highlights a growing disconnect between corporate messaging and consumer frustration over rising prices. This controversy raises important questions about brand positioning and pricing strategy.

2 min read
May 4
SAG-AFTRA and Studios Secure Historic Four-Year Contract Deal
6Pre-AdvancedBusiness

SAG-AFTRA and Studios Secure Historic Four-Year Contract Deal

The actors' union SAG-AFTRA has reached a tentative four-year agreement with Hollywood's major studios, avoiding a repeat of the devastating 2023 strikes. The deal includes AI protections, pension fund contributions, and extended labor peace for an industry still recovering from past disruptions.

2 min read
May 4
Turkey Plans Low-Interest Mortgage for First-Time Buyers
5Upper IntermediateBusiness

Turkey Plans Low-Interest Mortgage for First-Time Buyers

Turkey is preparing a government-backed housing loan called 'İlk Evim' (My First Home) with a 1.20% interest rate. The program targets low- and middle-income citizens who have never owned a home. If approved, it could reshape the country's housing market in 2026.

2 min read
Apr 30
TransUnion Earns Rating Upgrade After Strong Growth and Strategic Acquisitions
6Pre-AdvancedBusiness

TransUnion Earns Rating Upgrade After Strong Growth and Strategic Acquisitions

Credit reporting giant TransUnion has received analyst rating upgrades following impressive quarterly results and a major acquisition in Mexico. The company reported 14 percent revenue growth in the first quarter of 2026, demonstrating its dominant position in the financial data industry.

2 min read
Apr 30
Epic Games Wins Key Court Battle Against Apple
5Upper IntermediateTechnology

Epic Games Wins Key Court Battle Against Apple

A U.S. appeals court has reversed a decision that allowed Apple to delay changes to its App Store rules. This ruling means Apple must now face a lower court to determine what fees it can charge developers. The decision comes as Apple prepares to take its case to the Supreme Court.

1 min read
Apr 30
Palantir's Decline Drags VTI Lower Amid Persistent Insider Selling
7AdvancedBusiness

Palantir's Decline Drags VTI Lower Amid Persistent Insider Selling

The Vanguard Total Stock Market ETF fell 0.3% on April 29, weighed down by a 3.4% drop in Palantir Technologies stock. With 227 insider sell transactions and zero purchases over six months, questions mount about executive confidence even as Wall Street analysts maintain a bullish median price target of $202.50.

2 min read
Apr 30
AI Risk Puts $1 Billion in Software Investments Under Review
4IntermediateBusiness

AI Risk Puts $1 Billion in Software Investments Under Review

Investment firm Ares Management has found that $1 billion of its software investments face a 'medium' risk from AI. This news shows how AI is changing the way investors think about the future of software companies.

1 min read
Apr 29
Musk v. Altman Trial Reveals Challenges of Jury Impartiality
6Pre-AdvancedTechnology

Musk v. Altman Trial Reveals Challenges of Jury Impartiality

The high-profile trial between Elon Musk and OpenAI CEO Sam Altman has begun with a dramatic jury selection process. Prospective jurors openly expressed negative opinions about Musk, raising questions about impartiality in cases involving polarizing public figures.

2 min read
Apr 29
Turkish Airlines Suspends Flights to 23 Cities Worldwide
5Upper IntermediateBusiness

Turkish Airlines Suspends Flights to 23 Cities Worldwide

Turkish Airlines has temporarily suspended flights to 23 destinations across four continents. Rising jet fuel costs and geopolitical instability are the main reasons behind this major network restructuring. The move removes nearly 20% of the airline's African passenger routes and cuts over 100 weekly flights.

2 min read
Apr 29
Bank of Japan Holds Rates Amid Growing Internal Dissent
6Pre-AdvancedBusiness

Bank of Japan Holds Rates Amid Growing Internal Dissent

The Bank of Japan kept its key interest rate at 0.75% in a divided 6-3 vote, while sharply raising its inflation forecast. Three board members pushed for an immediate rate hike, signaling that pressure for tighter monetary policy is building despite geopolitical uncertainty.

2 min read
Apr 28
Gold Prices Fall as the Hormuz Effect Shakes Global Markets
5Upper IntermediateBusiness

Gold Prices Fall as the Hormuz Effect Shakes Global Markets

Gold prices have dropped sharply due to the ongoing US-Iran conflict and the closure of the Strait of Hormuz. The disruption has caused oil prices to surge above $106 per barrel, raising fears of global inflation. Investors and analysts are closely watching these developments as markets remain volatile.

1 min read
Apr 28
Budget Airlines Seek $2.5 Billion Federal Bailout Amid Fuel Crisis
7AdvancedBusiness

Budget Airlines Seek $2.5 Billion Federal Bailout Amid Fuel Crisis

A coalition of ultra-low-cost carriers, including Frontier and Avelo, has formally requested $2.5 billion in government assistance as surging jet fuel prices threaten their financial viability. The unprecedented proposal, which would grant the federal government equity stakes in the airlines, raises profound questions about the role of state intervention in private enterprise.

2 min read
Apr 28
Microsoft Stock Struggles Despite Record Quarterly Earnings
6Pre-AdvancedBusiness

Microsoft Stock Struggles Despite Record Quarterly Earnings

Microsoft's share price has dropped significantly in 2026, even though the company reported record revenue and strong profit growth. Investors remain concerned about rising AI costs, increased competition, and shifting market dynamics, making this a fascinating case of disconnect between financial performance and stock valuation.

2 min read
Apr 24
U.S. Retail Sales Surge Despite Record Gasoline Price Shock
7AdvancedBusiness

U.S. Retail Sales Surge Despite Record Gasoline Price Shock

American consumers defied soaring gas prices in March, driving retail sales up 1.7%—the largest monthly gain in over three years. While gasoline station receipts surged a record 15.5%, underlying spending patterns reveal a more nuanced picture of economic resilience and emerging vulnerability.

2 min read
Apr 24
Apple Names John Ternus as New CEO to Succeed Tim Cook
6Pre-AdvancedBusiness

Apple Names John Ternus as New CEO to Succeed Tim Cook

Apple has announced its most significant leadership change in fifteen years. John Ternus, the company's hardware engineering chief, will replace Tim Cook as CEO on September 1, 2026. The transition raises critical questions about Apple's future strategy in artificial intelligence and product innovation.

2 min read
Apr 24
What Would Bitcoin's Price Be Without Michael Saylor?
7AdvancedBusiness

What Would Bitcoin's Price Be Without Michael Saylor?

AI analysis suggests Bitcoin could be trading $10,000 to $20,000 lower without Strategy's relentless accumulation campaign. As the firm's total holdings surpass 815,000 BTC, analysts and critics alike are debating whether one company's aggressive buying has fundamentally distorted the cryptocurrency market.

2 min read
Apr 24
Oil Price Surge Shakes Global Markets Amid US-Iran Tensions
6Pre-AdvancedBusiness

Oil Price Surge Shakes Global Markets Amid US-Iran Tensions

Geopolitical tensions between the US and Iran have caused oil prices to jump sharply, unsettling financial markets worldwide. The Strait of Hormuz blockade, diplomatic breakdowns, and military escalation are driving investors into risk-off mode. This article examines how these developments are affecting stock futures, energy prices, and corporate earnings.

2 min read
Apr 20
UK Flirts With Recession as Geopolitical Turmoil Shatters Business Confidence
7AdvancedBusiness

UK Flirts With Recession as Geopolitical Turmoil Shatters Business Confidence

Economic analysts project that 250,000 people in the UK could lose their jobs by mid-2027 as geopolitical conflict destabilizes the economy. Twin reports from leading accounting firms warn of the biggest economic hit since the pandemic, prompting emergency government intervention.

2 min read
Apr 20
Most UK Sole Traders Miss Digital Tax Deadline
5Upper IntermediateBusiness

Most UK Sole Traders Miss Digital Tax Deadline

The UK government launched its Making Tax Digital system for income tax on 6 April 2026, but fewer than three in ten affected workers have signed up. Around 780,000 self-employed people and landlords must now report their income quarterly using digital software, yet most have missed the registration deadline.

2 min read
Apr 20
Blue Origin Closes the Gap With SpaceX in Space Race
5Upper IntermediateTechnology

Blue Origin Closes the Gap With SpaceX in Space Race

Jeff Bezos's Blue Origin successfully reused a rocket booster for the first time, landing it on a floating platform in the Atlantic Ocean. This milestone brings the company closer to matching SpaceX's reusable rocket technology and could reshape the competitive landscape of the commercial space industry.

2 min read
Apr 20
Four Major Banks Forecast Rising Gold Prices for 2026
6Pre-AdvancedBusiness

Four Major Banks Forecast Rising Gold Prices for 2026

Four leading US and European banks have released bullish gold price forecasts for 2026, predicting significant gains driven by central bank demand and geopolitical uncertainty. With gold trading near $4,830 per ounce, investors worldwide are watching these projections closely to guide their portfolio strategies.

2 min read
Apr 20
China's Economy Beats Forecasts Despite Global Uncertainty
6Pre-AdvancedBusiness

China's Economy Beats Forecasts Despite Global Uncertainty

China's GDP grew 5% in the first quarter of 2026, surpassing analyst expectations of 4.8%. While strong manufacturing and exports powered the rebound, weak consumer spending remains a persistent challenge that could hinder long-term economic recovery.

2 min read
Apr 17
Kontrolmatik Shareholders Announce Major Stake Sale on Borsa Istanbul
7AdvancedBusiness

Kontrolmatik Shareholders Announce Major Stake Sale on Borsa Istanbul

Shareholders of Kontrolmatik Teknoloji, a prominent Turkish engineering and energy technology firm, plan to sell a 6.04% stake—over 78 million shares—at 10 lira per share. This significant divestment raises questions about corporate strategy, shareholder confidence, and the broader dynamics of Turkey's volatile stock market in 2026.

2 min read
Apr 17
Wall Street Reaches Record High as Asian Markets Rally
6Pre-AdvancedBusiness

Wall Street Reaches Record High as Asian Markets Rally

The S&P 500 hit a new all-time high on Thursday, marking its 11th gain in 12 trading days. Asian markets, led by Japan's Nikkei 225, surged as investors grew optimistic about potential U.S.-Iran peace negotiations and their impact on global oil prices.

2 min read
Apr 17
Borusan Holding Strengthens Control Over Steel Subsidiary
6Pre-AdvancedBusiness

Borusan Holding Strengthens Control Over Steel Subsidiary

Borusan Holding has raised its ownership stake in BRSAN, its steel pipe subsidiary, to nearly 75%. This strategic consolidation signals renewed confidence in Turkey's industrial sector and may reshape the conglomerate's future investment priorities.

2 min read
Apr 16
Turkey's Housing Agency Launches Major Land Sale Across 45 Provinces
5Upper IntermediateBusiness

Turkey's Housing Agency Launches Major Land Sale Across 45 Provinces

Turkey's state housing agency TOKİ is auctioning 353 land plots across 45 provinces with flexible payment options. Buyers can pay just 25% upfront and spread the rest over 48 months. This large-scale initiative targets both individual and corporate investors in the real estate sector.

1 min read
Apr 16
Asian Markets Surge on Tech Rally and Diplomatic Optimism
7AdvancedBusiness

Asian Markets Surge on Tech Rally and Diplomatic Optimism

Asian stock markets have extended a powerful rally, driven by surging technology shares and renewed hopes for a U.S.-Iran diplomatic breakthrough. With the Nasdaq posting its longest winning streak since 2021 and TSMC set to report record earnings, investors are reassessing risk across the region.

2 min read
Apr 16
Halkbank Announces Winners of Startup Pitch Competition
5Upper IntermediateBusiness

Halkbank Announces Winners of Startup Pitch Competition

Turkey's Halkbank has revealed the winners of its third annual 'Jet Luck' entrepreneurship competition. Twelve entrepreneurs pitched their business ideas in just 50 seconds, with startups in agriculture, robotics, and health technology taking the top prizes.

2 min read
Apr 15
OpenAI Launches GPT-5.4-Cyber to Strengthen Digital Defense
6Pre-AdvancedTechnology

OpenAI Launches GPT-5.4-Cyber to Strengthen Digital Defense

OpenAI has unveiled GPT-5.4-Cyber, a specialized AI model designed exclusively for cybersecurity professionals. The tool helps security teams detect vulnerabilities and analyze software threats faster, marking a significant strategic shift in the AI industry.

2 min read
Apr 15