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…
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…
ISTANBUL: The Organization for Economic Co-Operation and Development (OECD) has increased its expectation for the global economic growth from 3.1% to 3.2% on Wednesday.
Releasing its Economic Outlook’s Interim Report, the OECD said global output grow…
ISTANBUL: Sweden’s Central Bank cut its policy rate for the third time in 2024, lowering it by 25 basis points to 3.25% on Wednesday.
“If the outlook for inflation and economic activity remains unchanged, the policy rate may also be cut at the two re…
MOSCOW: Russian President Vladimir Putin said Wednesday that the share of the ruble in export payments increased almost threefold to 39% from 2021 to 2023.
He said at a meeting of the Russian State Council in Moscow that the share of payments for exp…
ISTANBUL: Turkish construction company Karmod said Wednesday that its container structures will be used as security offices in shopping centers in Venezuela.
The container buildings will be used in two shopping centers in the cities of Cagua and Cara…
