ISTANBUL: US President Joe Biden announced Thursday his administration is canceling an additional $1.2 billion student debt for another 35,000 borrowers.
The latest action brings the total loan forgiveness amount approved by the Biden administration …
ISTANBUL: The US’ high fiscal deficits and the ongoing increase in the public debt-to-GDP ratio pose risks for the country and the global economy, according to the International Monetary Fund (IMF).
The financial agency stressed the need for a “front…
ISTANBUL: The Dow Jones Industrial Average closed at a fresh record high Wednesday, but the Nasdaq had its worst daily session since late 2022.
The Dow, which includes 30 prominent American companies, rose 243 points, or 0.59%, to end the day at 41,1…
ANKARA: European Central Bank (ECB) President Christine Lagarde said Thursday the institution will follow a macroeconomic data-dependent and meeting-by-meeting approach in determining the appropriate level and duration of monetary restriction.
“We ar…
ISTANBUL: The number of Americans filing first-time unemployment claims rose by 20,000 last week to 243,000, according to Labor Department data released Thursday.
The figure came in higher than estimates of 229,000. The previous week’s reading was re…
ISTANBUL: The Dow Jones industrial average hit a fresh record on Thursday, while the US stocks were mixed.
The blue-chip index, which includes 30 prominent American companies, rose 93 points, or 0.23%, to reach 41,291 at 10.34 a.m. EDT (1434GMT).
Th…
