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July 2024

Insurers can withstand loss from CrowdStrike chaos: Fitch

ISTANBUL: Insurers could withstand preliminary loss estimates from the recent software incident at US-based cybersecurity provider CrowdStrike, Fitch Ratings said Monday.

“The recent cybersecurity software incident at CrowdStrike is unlikely to have …

Mexico’s retail sales rise 0.1% in May

ISTANBUL: Mexico’s retail sales increased 0.1% in May on a monthly basis, the country’s statistical authority said Monday.

The figure showed a slowdown from April, when it recorded a monthly gain of 0.5%.

On an annual basis, retail sales increased 0…

Mexico’s economic activity in May annually rises 1.6%

ISTANBUL: Mexico’s economic activity in May rose 1.6% in real terms at an annual rate with a seasonally adjusted series, the country’s statistical authority announced Monday.

The figure came in higher than market expectations of a 1.4% increase and s…