ISTANBUL: The US stock market index Dow Jones industrial average on Friday climbed above the 40,000 record-high level for the first time in history.
The index increased to the all-time high level of 40,098.99 level at 11.51 a.m. EDT (1551GMT).
It wa…
ISTANBUL: France’s annual consumer inflation rate was revised up to 2.2% for June from the initial estimate of 2.1%, according to a second reading released on Friday.
The figure eased from 2.3% in May, data from the French statistics agency Insee rev…
High inflation levels prove to be persistent in some frontier markets, less advanced economies in the developing world, the Fitch Ratings said Thursday in a statement.
“Annual inflation rates in Frontier Markets (FM) have generally moderated in recen…
The US posted a federal budget deficit of $66 billion in June, according to Treasury Department figures released Thursday.
For June, total receipts, or income, were around $466 billion against total outlays, or spending, of $572 billion.
For receipt…
The “hardest” time in inflation was left behind by Trkiye, the Turkish treasury and finance minister stated on Thursday, adding that the country is at the threshold of a disinflation period.
Mehmet Simsek said the annual inflation rate will probably…
The world needs to ramp up annual renewable energy capacity growth to 16.4%, up from last year’s 14% increase rate, through 2030 to achieve global goal of tripling renewables set at COP28, according to the International Renewable Energy Agency (IRENA)…
