The Cost of Living in Istanbul Soars by 60.46% Year-on-Year in October

In October, the cost of living in Istanbul increased by 60.46% compared to the same month last year. According to research, the average living cost for a family o...

Moving Project Secures Deal for 9,600 Ton Capacity SPMT Addition to Fleet

Foreks - The company has reached an agreement to add a total of 200 axle "Self-Propelled Modular Trailers (SPMT)" with a capacity of 9,600 tons to its fleet.

In...

IKMIB/Pelister: Cosmetic Sector Exports Increased by 3.15% in the First Ten Months

Foreks - One of the world’s most important trade fairs for the cosmetics, personal care, and cleaning products sectors, "Beautyworld Middle East," was held in Dub...

Nomura: Trump's Victory Will Further Heighten Policy Divergence Between the Fed and ECB

Nomura analysts suggested that Republican Donald Trump's presidential victory would further increase the existing policy divergence between the Fed and the ECB. T...

Trump's Policies May Prompt ECB to Accelerate Interest Rate Cuts

Forex - Rabobank Research indicates that the U.S.'s potential shift towards more protectionist policies may complicate growth in Europe and could encourage the Eu...

US Pressures Italy to Drop Web Tax Amid Tariff Threats

The U.S. government has renewed its request to Italy to abolish the contentious digital services tax, focusing on American tech giants like Meta Platforms Inc (NA...

Memorandum of Understanding Signed for the Establishment of the Central Banks Council of Turkic States Organization Member Countries

A Memorandum of Understanding was signed regarding the establishment of the Council of Central (National) Banks of the Member Countries of the Organization of Tur...

Trump Wins the 2024 Presidential Elections

According to forecasts, Donald Trump has won the 2024 U.S. presidential race. The Republican candidate's victory was solidified by winning key battleground states...

German Industrial Orders Rose by 4.2% in September

In a positive development for the German economy, industrial orders recorded a significant increase in September. The Federal Statistical Office announced on Wedn...

NATO Secretary-General Praises Trump, Highlights Increase in Defense Spending

NATO Secretary General Mark Rutte congratulated Donald Trump today on his election as President of the United States. Rutte addressed a frequently raised concern ...

Italy's Service Sector Sees Growth in October

According to the latest HCOB Purchasing Managers' Index (PMI), Italy's service sector showed accelerated growth in October. The index measuring the sector's healt...

World Bank: Poland's $450 Billion Decarbonization Push Could Boost GDP by 4%

The World Bank has highlighted a significant economic opportunity for Poland. According to the bank, decarbonizing the Polish economy by 2050 could boost the coun...

KKR Acquires Over One-Third Stake in Fuji Soft

Private equity firm KKR & Co. has successfully acquired a significant stake in Japanese software developer Fuji Soft Inc. Following the completion of the first ph...

Credit Agricole's Earnings Surpass Expectations Fueled by CIB's Strength

French banking giant Credit Agricole SA reported a smaller-than-expected decline in net profit for the third quarter, thanks to strong performance in its investme...

Itochu's First Half Net Profit Rises 6% to $2.9 Billion

Japanese trading company Itochu announced a 6% increase in its net profit for the first half of the fiscal year ending in September, rising to 438.4 billion yen (...

UniCredit Upgrades Profit Outlook, Plans to Distribute 50% Cash Dividend to Shareholders

Italy's second-largest bank by assets, UniCredit, announced today that it has upwardly revised its profit expectations for next year and plans to distribute half ...

BMW's Q3 Profit Plummets 61% Due to Challenges in China and Brake Issues

BMW AG (ETR:BMW) has announced a significant decline in its operating profit for the third quarter due to a drop in demand in the Chinese market and complications...

South Korean Firms Expected to Increase U.S. Investments Amid Customs Tariff Concerns

In light of potential policy changes under newly elected U.S. President Donald Trump, the South Korean trade minister indicated that investments from South Korea ...

India's Central Bank Chief Reports Strong Economic Activity

Shaktikanta Das, the Governor of the Reserve Bank of India, stated on Wednesday that India's economic activity continues to maintain its strength, with notable pe...

Trump's Presidency Expected to Benefit the Dollar and Stocks

As Donald Trump prepares for a possible return to the Oval Office, the US dollar and the stock market are expected to benefit, while the bond market and emerging ...

Spain's Service Sector Growth Remained Strong in October

MADRID - Spain's services sector continued to grow in October, supported by strong sales and demand, as indicated by the latest PMI figures. The S&P Global HCOB S...