Home sales have declined for a third month since the start of this year as mortgage-financed sales continued to plunge but the pace of annual growth in home prices continued to ease.
Türk Telekom has announced that it successfully issued its inaugural Sustainable Eurobond, raising $500 million.
Having launched its national energy efficiency action plan at the start of the year, the Energy Ministry has said it aims to achieve 30 percent energy savings in public buildings by 2030.
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed yesterday, in further bad news for its unpopular government.
The private sector’s total outstanding loans received from abroad were recorded at $165.7 billion as of March, increasing by $1.7 billion from the end of 2023, the Central Bank has said.
The central government budget produced a deficit of 177.8 billion Turkish Liras ($5.5 billion) in April, rising 34.2 percent from a year ago, data from the Finance Ministry showed.
Türkiye has a credible, robust program to bring inflation down, Finance Minister Mehmet Şimşek said, stressing that the monetary policy course correction “is largely done.”
Sovereign financing, funding diversification goals and the Islamic finance development agenda will continue to drive Turkish debt capital market (DCM) issuance over the next two years, according to Fitch Ratings.
Turkish Finance Minister Mehmet Şimşek has reiterated that the country is aiming for better ties with the European Union, stressing the process will benefit both sides.
The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.
The CEO of Brazil's state oil company Petrobras has been sacked, the government announced on May 14.
India's foreign minister has said his company will work to communicate the benefits of a strategic port project in Iran, after the United States said Indian firms working on the project risked sanctions.
French automaker Renault said on Wednesday it will pursue developing autonomous minibuses for public transit but would stick to driving assistance features for personal cars for the time being.
Google on Tuesday said it would introduce AI-generated answers to online queries, in one of the biggest changes to its world leading search engine in 25 years.
Russia's economy will grow further this year despite Western sanctions over its Ukraine invasion, while Israel's war against Hamas in Gaza will weigh on neighbouring nations, Europe's development bank forecast Wednesday.