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July 2024

Germany’s factory orders down unexpectedly in May

ISTANBUL: Germany’s factory orders posted a fifth consecutive monthly decline in May.

According to federal statistical authority Destatis, the orders went down by 1.6% month-on-month.

“The three-month on three-month comparison showed that new orders…

Oil down over data suggesting economic slowdown in US

ANKARA: Oil prices decreased on Thursday, with data signaling a slowdown in economic activity in the US, the world’s largest oil consumer, slightly offset by data portraying a decline in the nation’s commercial crude oil inventories and oil production…