Turkey stocks lower at close of trade; BIST 100 down 1.19%

Recent data shows that Russians are significantly increasing their spending on foreign holidays, with Türkiye emerging as the top travel destination. This trend highlights a growing interest in international travel among Russians, which could have positive implications for the tourism industry and local economies in popular destinations.

Turkey is set to enhance its military and commercial aviation capabilities by planning to purchase hundreds of Boeing airliners and Lockheed Martin fighters, according to Bloomberg News. This move is significant as it not only boosts Turkey's defense sector but also strengthens its position in the global aviation market, potentially leading to increased economic growth and job creation.

Turkey's stock market closed on a high note, with the BIST 100 index rising by 1.54%. This positive trend reflects growing investor confidence and could signal a recovery in the Turkish economy, making it an important development for both local and international investors.

Turkey has announced the removal of certain tariffs on US imports just before a highly anticipated meeting between President Erdogan and President Trump. This move is seen as a positive step towards improving trade relations between the two countries, which have faced tensions in recent years. By easing these tariffs, Turkey aims to foster a more cooperative economic environment, potentially leading to increased trade and investment opportunities. This development is significant as it may pave the way for a more stable partnership between the US and Turkey.

Recent data shows that Russians are significantly increasing their spending on foreign holidays, with Türkiye emerging as the top travel destination. This trend highlights a growing interest in international travel among Russians, which could have positive implications for the tourism industry and local economies in popular destinations.

The FDA's recent approval of a new drug for autism marks a significant shift in the review process for treatments targeting this condition. This decision not only opens doors for innovative therapies but also highlights the growing recognition of autism in the healthcare landscape. It matters because it could lead to improved quality of life for individuals with autism and their families, offering hope where there was previously limited options.

Auterion, a defense tech startup, has successfully raised $130 million in a Series B funding round, signaling strong investor confidence in its innovative drone software. This funding will enable Auterion to expand its technology for drone warfare, which is increasingly relevant in modern defense strategies. CEO Lorenz Meier discussed the implications of this funding on Bloomberg Tech, highlighting the potential for enhanced capabilities in military operations. This development is significant as it reflects the growing importance of advanced technology in defense and security.

FAT Brands is currently in discussions with advisers as it navigates restructuring talks with its bondholders. This development is significant as it highlights the company's efforts to manage its financial obligations and stabilize its operations. The outcome of these talks could impact the future of the brand and its ability to continue expanding in the competitive food industry.

In a fiery address at the United Nations General Assembly, President Donald Trump criticized the UN for not supporting his diplomatic initiatives, dismissing climate change as a hoax and labeling uncontrolled migration as the foremost political issue today. This speech highlights Trump's ongoing tension with international bodies and his controversial stance on global issues, which could impact future diplomatic relations and global cooperation.

Former President Donald Trump has stirred controversy by linking autism to the use of Tylenol and vaccines, a claim that lacks scientific backing. This assertion raises concerns as it may contribute to misinformation about autism and vaccine safety, potentially influencing public perception and health decisions. It's crucial to rely on credible scientific research when discussing such sensitive topics.