A significant part of the economic imbalance stems from the difference between the so-called free market economy, carefully protected in many countries, and the political approaches of governments that do not comply with it. Let's remember a bit of history: The 1990s, often called the "golden years," are known as a time when market economy and liberal democracy strengthened, peace and prosperity prevailed, and global cooperation flourished.

I had the chance to review Deloitte's automotive report covering 27,000 consumers across 26 countries. The research shows that there are striking changes in automotive ownership trends. The findings are summarised into four main sections:

While debates continue about the advantages and disadvantages of the tariffs Trump imposed on the U.S. economy, information from The Wall Street Journal and The Washington Post indicates that these measures have been "life-savers", especially for small and medium-sized American businesses. However, to make an accurate analysis, we need to first look at the revenue figures and employee counts of the firms benefiting from the tariffs.

Of course, people like me belonging to Generation X are used to power outages. After all, a significant part of our childhood was shaped by this. However, the meaning of a power outage today is different! In the 1970s, electricity was not much of a strategic element, but now it has even become a cause for war. Now let me come to the topic of the article: We decided to align our work with my wife's birthday and enjoy ourselves in Lisbon. We arrived in Lisbon on 27 April and settled into our hotel located at a prominent point in the city.

As soon as Trump took office, he began to take action to implement his plans. However, he is realising that the situation is not as easy as he thought. As protests grow nationwide due to his actions and decisions, the Italian Prime Minister establishing psychological superiority over Trump in the Oval Office has made headlines worldwide.

Latin America, and especially Argentina, is known for its historic economic crises. Similarly, Russia has experienced crises in the recent past. Let’s not forget South Korea's famous 'chaebol' crisis. The financial crises that Turkey experienced in 1994 and 2001 are still fresh in our memories.

For those who wonder where this protectionism came from, let me move on to its history: According to the Historical School of German economists, classical economic theory has generally used the deductive method while building its theoretical framework, abstracted, and given too much emphasis to rationality.

I am closely monitoring Trump’s statements about China and the additional customs tariff steps. As someone from a country that loves protectionist measures in foreign trade and implements them without thinking of the consequences, I can say that all of Trump’s actions will return to the U.S. as inflation.

In my job, I am in contact with many foreign colleagues. Besides, we also have foreign friends we meet during various travels. Of course, my phone has been ringing nonstop lately. Interestingly, everyone in Turkey is asking me about the economy, while foreigners are enquiring about the political and social direction the country is heading towards. I think this is the main reason for all our turmoil. Money is the most important matter, not the values.

Before the 21st century, discussions would get stuck at this point: "Are you right-wing or left-wing?" In some countries, due to the near prohibition of right or left, this discussion would take place under different names, but the approach remained unchanged.

A consensus has been reached between Ukraine and the US regarding a ceasefire with Russia. Immediately afterward, the American side made a statement saying, "The rest is up to Putin." I don’t believe that Russia will remain indifferent to these efforts.

Let's start with a simple question. What is the common feature of the following goods or services in a developing country? -A 3-day trip to Barcelona -A medium-sized 4K television -A quality pair of sunglasses -iPhone 16 -A medium-sized branded bag

Conditions must improve in order for progress to be discussed. However, measuring progress is not easy. We all have doubts about which information that pours in from all directions is correct. Moreover, information does not always reflect reality.

It is known that there are errors made in calculating real interest rates everywhere in the world. Even those who define themselves as "experts" calculate real interest rates by subtracting the current inflation rate from the current nominal interest rate.

We entered 2025 at such a rapid pace that, without realising it, we've already reached mid-February. While many are calling 2025 the most challenging year ever, there are some who continue to hold onto hope for the second half of the year. I count myself among them.