ISTANBUL: As part of an ongoing anti-subsidy investigation, the EU plans to cut tariffs on imports of cooperating battery electric vehicles (BEVs) from China, particularly Tesla, the European Commission announced on Tuesday.
According to draft decisi…
ISTANBUL: Fitch Ratings said Tuesday it affirmed New Zealand’s long-term foreign currency issuer default rating at AA+ with a stable outlook.
The rating agency said New Zealand’s ratings are supported by its advanced and wealthy economy, robust gover…
ISTANBUL: Annual Canadian consumer inflation rose 2.5% in July, increasing at the slowest pace since March 2021, the country’s statistical authority said Tuesday.
While the figure came in line with market expectations, it marked a slowdown from a 2.7…
ISTANBUL: Mexico’s retail sales declined 0.5% in June on a monthly basis, the country’s statistical authority said Tuesday.
The figure came in line with market estimates, while retail sales in May was revised to no change from a gain of 0.1%.
On a m…
ISTANBUL: The La Nina weather phase has fueled concerns in commodity markets since it is estimated to create disruption and volatility.
La Nina is expected to begin at the end of summer, following the El Nino phase, according to estimates by the US N…
ISTANBUL: Construction production in the European Union fell 0.1% year-on-year in June, while it was up 1% in the euro area, according to data Eurostat released on Tuesday.
Meanwhile, production in construction within the euro area rose 1.7% and 1.4%…
