INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Turkey sees April inflation hit 69.97%, near 20-year high

Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1.
  • The inflation rate rose from 61.1 percent in March
  • On a monthly basis, prices rose by 7.25 percent

Turkey’s consumer price inflation accelerated to an annual 69.97 percent in April, local reports have said.

The number continued to rise to a two-decade high, according to statistics from the Turkish Statistical Institute.

The inflation rate increased from 61.1 percent in March, the institute said.

On a monthly basis, prices rose by 7.25 percent, said the institute.

Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.

Inflation is now just a few percentage points off a peak of 73.2 percent, which was reached following a financial crisis in the early 2000s.