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US stocks mixed, Dow falls after 4th weekly gain

ISTANBUL: The US stocks opened Monday mixed as the Dow Jones was down after posting four consecutive weekly gains.

The blue-chip index fell 134 points, or 0.33%, to 40,455 at 10.52 a.m. EDT.

The S and P 500, on the other hand, added just two points,…

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McDonald’s sales fall 1st time in almost 4 years

ISTANBUL: McDonald’s saw its sales decline in the second quarter of this year for the first time in almost four years, according to its financial results statement released Monday.

“Global comparable sales decreased 1.0%, reflecting negative comparab…

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China boasts over 370K AI invention patents in 2023

ISTANBUL: China’s number of artificial intelligence (AI) patents reached 378,000 by the end of 2023, Beijing-based state news agency Xinhua reported on Monday.

China’s growth rate is ‘1.4 times higher than the global average,’ Ge Shu, deputy commissi…

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McDonald’s reports decrease in global sales in Q2

ISTANBUL: The fast-food giant McDonald’s said on Monday that its global sales fell 1% in the second quarter of the year.

McDonald’s’ US sales decreased 0.7%, according to the Big Mac-maker’s earnings release for the second quarter, as the ‘guest coun…

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Ethiopia clinches deal with IMF for $3.4B in financing

ADDIS ABABA: Ethiopia has secured an agreement with the International Monetary Fund (IMF) for a new financing program valued around $3.4 billion, the IMF announced Monday.

The new four-year loan program will help support the country’s economic reform…

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