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Trkiye’s unemployment rate rises to 11-month high

ANKARA: After posting four consecutive months of no growth, Trkiye’s jobless rate rose to 11-month high of 9.2% in June, according to data released on Monday.

The number of unemployed surged by 234,000 from a month earlier to 3.3 million as of June, …

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Trkiye’s retail sales back to growth in June

ANKARA: Trkiye’s retail sales returned to growth in June following a three-month falling streak, according to data released on Monday.

The volume of retail trade increased by 1.7% month-on-month in June, following a 0.2% decrease in May, the Turkish …

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Turkish stocks open week on high note

ANKARA: Trkiye’s benchmark stock index, the BIST 100, opened Monday at 9,980.15 points, up 0.73% or 72.77 points from the previous close.

On Friday, the BIST 100 dropped 1.89%, closing at 9,907.38 points with a daily transaction volume of 83 billion …

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Fitch cuts Israel’s credit rating to ‘A’

WASHINGTON: Credit ratings agency Fitch said Monday that it downgraded Israel’s credit rating to ‘A’ from ‘A+’, citing the ongoing war in the Gaza Strip.

“The downgrade to ‘A’ reflects the impact of the continuation of the war in Gaza, heightened geo…

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US stock exchanges close mixed

ISTANBUL: Major stock exchanges in the US closed mixed Monday.

The Dow Jones Industrial Average was down 140 points, or 0.36%, to finish at 39,357.

The S and P 500, on the other hand, ended the session flat at 5,344. The Nasdaq, meanwhile, added 35 …

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US posts $244B budget deficit in July

ISTANBUL: The US posted a federal budget deficit of $244 billion in July, according to Treasury Department figures released Monday.

For July, total receipts, or income, were around $330 billion against total outlays, or spending, of $574 billion.

Fo…

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