The Soaring Inflation Crisis in Turkey: A Closer Look at April’s 70% Increase
Turkey’s Inflation Surges to 69.8% in April
A striking scene unfolded in the Sisli district of Istanbul, Turkey, as a Turkish national flag and a flag featuring the likeness of Kemal Ataturk, the founder of the modern Turkish republic, adorned a building on Monday, Aug. 29, 2022.
Source: Bloomberg | Bloomberg | Getty Images
Key Inflation Figures
- Annual inflation in Turkey soared to 69.8% in April, according to the Turkish Statistical Institute.
- The most significant price hikes were observed in education, with a staggering 103.86% surge, and in hotels, cafes, and restaurants, which saw prices rise by 95.82%.
Monthly Trends and Economic Impact
On a monthly basis, Turkey experienced a 3.18% inflation spike, primari
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The Soaring Inflation Crisis in Turkey: A Closer Look at April’s 70% Increase
40 thousand million pesos will go to Pemex in 2 years for fuel theft
He fuel theft It is a crime that could not be eradicated in this administration, because between 2022 and 2023, Petróleos Mexicanos (Pemex) added losses of more than 40 billion pesos.
In his report sent to the Securities and Exchange Commission (SEC) in EU, the State company assured that they have experienced an increase in this crime even though the infrastructure monitoringsince in 2022 alone an average of 12.6 thousand barrels of fuel per day were stolen, while in 2023 the volume reached 15.4 thousand barrels per day, which meant an increase of 22.2%.
The illicit fuel market in Mexico mainly involves theft, adulteration and illegal transpor
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https://www.worldysnews.com/40-thousand-million-pesos-will-go-to-pemex-in-2-years-for-fuel-theft/
Lubango hosts event to promote tourism in Angola –
The Ministry of Tourism, together with the Institute of Tourism Promotion and its partners, promotes BITUR ANGOLA – 2024, which will take place from the 2nd to the 4th of May, in the city of Lubango, province of Huíla.
The event, which will take place under the theme “Tourism as a determining factor for the diversification of the economy in Angola”, will be a space for interaction and exchange between the main agents in the touri
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the TER Givors-Lyon line still cut
Train traffic between Givors and Lyon-Perrache station, interrupted since Sunday evening following a “slope subsidence” linked to heavy rains which blocked a TER, will not resume “before Wednesday 1is May “announced the SNCF, Monday April 29.
“The SNCF Réseau teams dispatched to the site indicated that infrastructure work was necessary”explained
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Apple sold 10% fewer iPhones, but made more money on services – IT Pro – News
Apple sold far fewer iPhones in the latest quarter than it did a year earlier. The turnover of the devices decreased by around 10%. On the other hand, Apple has earned a lot from subscriptions and other services that the company has been focusing on for several years.
Apple sold $45.9 billion worth of iPhones in the second quarter of its fiscal year ended March 30. In the same quarter last year, Apple earned $51.3 billion from iPhones. In quarterly data the company writes that revenue across multiple products declined over the previous three months. Revenue from iPads also fell, as did revenue from “other products,” including Apple Watch, Homepods, Airpods and accessories. The only hardware improvements came from MacBooks. According to CEO Tim Cook, this profit is due to: the release of the MacBook Air with M3 soc, released in March.
In the previous quarter, Apple earned more revenue and more profit from Services. The company has been shifting its focus from hardware as a source of revenue to subscriptions, such as streaming services and iCloud subscriptions, for years. Tweakers wrote there in 2019 a background on it. Revenues from such services are still much lower than those from physical sales; Last quarter, Apple earned revenue of $66.9 billion from products and $23.8 billion from services. A year earlier, services revenue was $20.9 billion. Compared to the previous quarter, the increase is less significant; i
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Apple sold 10% fewer iPhones, but made more money on services – IT Pro – News
Investors Continue to Flock to TSMC Despite Trading Restrictions
Although TSMC (2330) has been acting as a “one-man martial artist” for 46 days, and the Taiwan stock future will be classified as a “narrow index” by the United States and cannot be traded, this is not affect abroad. investors buy 13,300 TSMC shares today (3rd), ranking The fifth listed stock, the first favorite is EVA Air (2618), which bought 34,000 shares in one day, followed by Hon Hai (2317), which bought 22,000 shares .
Further reading: Taiwan stocks rose 107 points, foreign investors bought back 16.8 billion
Not afraid of narrow-based foreign investment, TSMC bought 13,300 shares today The first place was EVA Air. File photo: Central News Agency
TSMC has accounted for more than 30% of the weight of Taiwanese stocks since February 15, and has been for 46 days according to the US Commodity Exchange Act (CEA), if it has accumulated more than 30% for 45 days in three. consecutive months, the weighted index of Taiwanese stocks will be returned to the index Classified as a narrow securiti
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Investors Continue to Flock to TSMC Despite Trading Restrictions
Berkshire Hathaway Approaches $1 Trillion Valuation: Shareholders Remain Confident
Shareholders maintain confidence in Berkshire, approaching a valuation of USD 1 trillion
In the recent surge of financial activity, Warren Buffett, the iconic chairman and CEO of Berkshire Hathaway, issued a cautious warning about his conglomerate’s future performance expectations, stating that there is “no chance of a flashy performance.” Despite this, Berkshire’s stock value has seen a significant increase, surpassing technology giants such as Apple, Microsoft, and Tesla, positioning itself as one of the only non-technology companies in the United States with a value close to a trillion dollars.
Amid an economic environment characterized by persistent inflation and a resilient economy, Berkshire Hathaway has capitalized on the circumstances. Investors, shifting towards financial prudence, have seen Berkshire as a safe haven, benefiting from the environment of higher interest rates. These conditions have allowed the firm to enjoy more att
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Berkshire Hathaway Approaches $1 Trillion Valuation: Shareholders Remain Confident
Chad: why the oil windfall did not keep its promises
2024-05-03 09:27:27
In Chad, three years after the disappearance of Idriss Deby, voters are invited to choose their future leader on Monday to end the transition period. Despite its oil revenue, Chad is still among the poorest on the planet. How to explain this paradox?
In 2003, during the inauguration of the pipeline built to transport crude oil to the Cameroonian coast, Idriss Déby promised benefits for the entire population. GDP took off and in 2008 it even briefly exceeded that of two other countries in the Sahel strip, neighboring Niger and Mali. But the windfall hoped for in the early 2000s was only a flash in the pan. According to World Bank economists, real growth quickly declines. Niger and Mali, both devoid of black gold, have regained the ascendancy over the new oil power of the Sahel. In terms of human development index, Chad is
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Easter 2024: The Mitsotakis government is setting the most expensive table in recent years
– 2024-05-03 11:53:58
Easter… accuracy for hundreds of thousands of households who are asked to put their hands deep in their pockets even for the basic dishes of the festive table. Indicative of the situation prevailing in the market and despite the half-measures of the Mitsotakis government through “baskets”, the research by the Institute of Trade and Services of the Hellenic Confederation of Trade and Entrepreneurship (IN.EM.Y.-ESEE).
The Institute carried out on-the-spot pricing from supermarket chains and specialized food retail stores certifying that this year’s Easter table will be the most expensive in recent years by a percentage of up to 19,3% compared to 2023.
The research revealed that for this year’s Easter table (6-8 people) the cost ranges from 89 up to 130 euros.
In the relevant announcement it is even pointed out that both the prices of the products included in the “Easter festive basket” and those belonging to the “household basket” are included.
The price comparison
The price estimate for this year’s table
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Logistics contract, revolution underway. The number of profiles to be updated rises to 50
The figures who will revolutionize the classification of contract personnel in the goods transport, logistics and shipping sector have risen to 50: it is a long list that includes both new profiles, brought about by artificial intelligence and more generally by technological evolution, and those to update.
The sector is among the most impacted by innovations and also among the most sensitive to implementing them, as happened in the 2018 agreement with the introduction of the figure of the rider and in the previous contract with that of the driver.
To better explain this contractual round, the typist (still present in the classification system) will leave the scene, while those responsible for managing cash registers will have a new definition, given that payments take place largely through digital channels. Among the new entries there are data scientists, cybersecurity analysts, just to name a few examples, as Michele De Rose, national se
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Logistics contract, revolution underway. The number of profiles to be updated rises to 50