Category: Business

Thailand rolls out $14B digital wallet scheme to stimulate economy

ISTANBUL: Thailand on Wednesday began disbursing cash payments of 10,000 baht (about $305) to millions of people in the country, in an effort to boost the Southeast Asia’s second-biggest economy.

Prime Minister Paetongtarn Shinawatra led a ceremony t…

Turkish stock exchange flat at open

ISTANBUL: Trkiye’s benchmark stock index BIST 100 opened Wednesday at 10,033.67 points, marking a slight increase of 0.04% or 3.94 points from the previous close.

On Tuesday, the BIST 100 index was up by 1.44% to 10,029.73 points, with a daily transa…

OECD raises global GDP forecast slightly for 2024

ISTANBUL: The Organization for Economic Co-Operation and Development (OECD) has increased its expectation for the global economic growth from 3.1% to 3.2% on Wednesday.

Releasing its Economic Outlook’s Interim Report, the OECD said global output grow…

US housing prices up 4.5% year-on-year in July

ISTANBUL : Housing prices in the world’s largest economy, the US, rose 4.5% in July on a yearly basis, the Federal Housing Finance Agency (FHFA) announced on Tuesday.

On a monthly basis, housing prices also saw a slight increase of 0.1% in July, the …

Germany’s business climate continues to deteriorate

ISTANBUL : Germany’s business climate index declined in September, showing ongoing deterioration in the business sentiment, the Berlin-based ifo Institute revealed on Tuesday.

“The ifo Business Climate Index fell in September to 85.4 points, from 86….