ISTANBUL: Unemployment in Trkiye dropped to 8.4% in May, its lowest rate since November 2012 – nearly 12 years ago – official figures from the Turkish Statistical Institute said Wednesday.
The rate was at 8.5% in April and 9.5% in May 2023, according…
ISTANBUL: The outcome of the US elections in November could mark a significant turning point for federal policy and have implications for credit ratings, Fitch Ratings said in a report.
If President Joe Biden returns to the White House with a split C…
ISTANBUL: US Federal Chair Jerome Powell said Tuesday that the American economy has made considerable progress toward the Fed’s 2% inflation goal in the last two years.
He said labor market conditions have cooled, while remaining strong, and the risk…
MOSCOW: A Russian court has fined German automotive firm Volkswagen 16.9 billion rubles (about $191.5 million) in a lawsuit brought by Russian firm GAZ.
A court in the Nizhny Novgorod province ruled on Tuesday that Volkswagen had caused material dama…
ISTANBUL: Labor markets in countries of the Organization of Economic Cooperation and Development (OECD) countries remain tight, with total employment higher than before the COVID-19 pandemic, said a new report the organization released on Tuesday.
Th…
ANKARA: Oil prices decreased on Tuesday with ongoing diplomatic efforts to achieve a cease-fire agreement in Gaza and uncertainty over the timing of the US Federal Reserve’s (Fed) interest rate cut, while further price decline was limited amid worries…
