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September 26, 2024

Turkish defense firm to build bomb factory in Azerbaijan

BAKU: Turkish defense firm Assan is working to build an aerial bomb production facility in Azerbaijan, in addition to the contractor’s already ongoing ammunition sales to the country.

Gurcak Okumus, Assan’s CEO, told Anadolu that agreements for the p…

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US economy expands 3% in Q2

ISTANBUL: The world’s largest economy, the US, expanded by 3% in the second quarter of 2024, according to the Bureau of Economic Analysis’ third reading.

Compared to the first quarter, the acceleration in GDP in the second quarter mainly reflected an…

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Will rapid interest rate cuts lead to new problems?

ISTANBUL: While the world’s major central banks are expected to cut interest rates in quick succession, experts are divided, as some argue that a rapid decline may harm economies by undermining prior efforts.

This week, the Bank for International Set…

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Trkiye’s reserves hit record level last week

ISTANBUL: Trkiye’s international reserves hit a historical high level last week, reaching $156.4 billion, the Turkish treasury and finance minister stated on Thursday.

Trkiye’s foreign reserve adequacy exceeded the threshold level according to the in…

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