ISTANBUL: The average expected duration of working life across the EU in 2023 was slightly longer than a year earlier, according to Eurostat data released on Thursday.
A 15-year-old is expected to have a working life of 36.9 years across the 27-membe…
ISTANBUL: The number of Americans filing first-time unemployment claims fell by 10,000 last week to 235,000, according to Labor Department data released Thursday.
The figure came in slightly less than estimates of 237,000. The previous week’s reading…
ISTANBUL: Consumer spending in Europe, the Middle East and Africa, commonly known as EMEA, is expected to remain weak despite slowing inflation, Fitch Ratings said Thursday.
The rating agency said it expects consumer sentiment in the EMEA region to r…
ISTANBUL: The US Treasury Secretary Janet Yellen said Thursday that the American economy is on a steady growth with inflation declining.
“Instead of faltering, US GDP grew by a robust 3.1% during 2023,” she told a press conference during the G20 Fina…
ISTANBUL: IBM saw its net income rise 16% to $1.8 billion in the second quarter of 2024, according to its financial results statement released Wednesday.
Its total revenue showed a slight increase of 2% to $15.8 billion in the April-June period.
Whi…
ISTANBUL: The US economy expanded 2.8% in the second quarter of 2024, according to the Commerce Department’s first advance reading released Thursday.
The figure came much higher than market estimates of 2%.
The American economy expanded by 1.4% in t…
