Latest

US trade deficit widens slightly on rise in imports
US trade deficit widens slightly on rise in imports
Business and Economy
by  AFP

A rise in imports widened the US trade deficit in July, government data showed Wednesday, although the increase was smaller than analysts had expected. In July, trade deficit in goods with China rose $1.2 billion to $24.0 billion on a bigger increase in imports than exports. bys/dw

Erdogan pledges support for higher interest rates
Erdogan pledges support for higher interest rates
Business and Economy
by  AFP

Turkish President Recep Tayyip Erdogan on Wednesday confirmed a major policy reversal by backing his new economic team's decision to drastically hike interest rates to fight runaway inflation. Erdogan signalled clearly on Wednesday that he now supports higher interest rates.