Turkey Takes Steps to Stop Flow of Western Goods to Russia
Istanbul, Turkey — Turkey has taken steps to stop the flow of Western goods to Russia in compliance with US sanctions. The Turkish government has ordered customs officials to block…
These are the 9 cheapest states to start a business
Starting a business can be an exciting and rewarding experience, but it can also be a costly one. However, there are many states in the US that offer a relatively…
Central Bank takes new steps to boost de-dollarization
The Central Bank of Türkiye (CBRT) announced on Friday new measures to boost de-dollarization, the process of reducing the use of the US dollar in the Turkish economy. The measures…
China Bans Officials and State Employees from Using iPhones in Escalating US-China Tech Conflict
In a move that further heightens tensions in the ongoing technology conflict between the United States and China, Beijing has issued a ban on its officials and state employees from…
B.C. Homeowners Grapple with Soaring Mortgage Costs Amidst Interest Rate Hikes
In a recent financial shockwave, interest rate hikes have delivered a substantial blow to homeowners in British Columbia, leaving many struggling to manage skyrocketing mortgage payments. One couple from the…
Saudi Arabia plans to extend oil cut by 1 million barrels per day until the end of the year
(September 5, 2023) — Saudi Arabia announced on Tuesday that it will extend its voluntary oil production cut of 1 million barrels per day for another three months, until the…
China’s Country Garden Takes Time to Pay Its Debt—But Not So Long
China’s largest property developer, Country Garden, has been granted a 30-day grace period to make interest payments on two bonds that were due this month. The company has said that…
Annual inflation in Türkiye rose to 58.9 percent
(City, Date) – Annual inflation in Türkiye rose to 58.9% in August 2023, the highest level in 20 years, according to data released by the Turkish Statistical Institute (TÜİK). The…
Who Is James Gorman? Morgan Stanley CEO, Taylor Swift Booster
James Gorman is the CEO of Morgan Stanley, one of the largest investment banks in the world. He has been with the company since 2006 and assumed the role of…
UK economy flat in February amid strikes and inflation
According to recent news, the UK economy was flat in February, as strikes and rising inflation weighed on economic activity. The Office for National Statistics (ONS) reported that Gross Domestic…