ISTANBUL: Consumer inflation in Canada rose 2% annually in August, increasing at the slowest pace since February 2021, the country’s statistical authority said Tuesday.
The figure marked a deceleration from a 2.5% annual increase in July.
It also re…
ISTANBUL: European stock exchanges closed Tuesday with gains.
The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was up 2.08 points, or 0.4%, to 517.19.
The UK’s FTSE 100 added 31 po…
ISTANBUL: Homebuilding sentiment in the US rose in September with falling mortgage rates, according to a report released Tuesday.
The National Association of Home Builders/Wells Fargo Housing Market Index came in at 41 in September, up two points fro…
ISTANBUL: US retail sales increased 0.1% to reach $710.8 billion in August, beating market estimates, according to advance figures released on Tuesday by the US Commerce Department.
The estimate was for the figure to show a decline of 0.2%.
The July…
ISTANBUL: US-based global semiconductor manufacturer Intel said it will produce custom artificial intelligence (AI) fabric chip for Amazon Web Services (AWS).
The multi-year and multi-billion-dollar investment includes the development and manufacturi…
DHAKA: The World Bank has pledged to Bangladesh it will mobilize $2 billion in fresh financial assistance to support the transitional government’s reform agenda and improve the country’s health and environment.
‘World Bank can mobilize about $2 billi…
ANKARA: Germany’s economic outlook took a significant hit in September, with data from the ZEW economic research institute revealing a sharp decline in economic sentiment.
The index fell 15.6 points from the previous month, settling at 3.6 points, th…
ISTANBUL: Robust artificial intelligence (AI) infrastructure spending is positive for information technology hardware and semiconductor manufacturers’ credit profiles in the US, according to Fitch Ratings.
Demand for AI is supporting semiconductor re…