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August 20, 2024

Russia claims capture of key logistical hub in eastern Ukraine

ISTANBUL: Russia claimed Tuesday that it seized a key logistics hub in Ukraine’s eastern Donetsk region.

A statement by the Defense Ministry claimed Russian forces captured the settlement of Niu-York and “defeated” a large group of Ukrainian troops.

Sweden lowers interest rate by 25 basis points

ISTANBUL: Sweden’s Central Bank decided on Tuesday to cut its policy interest rate by 0.25 percentage points to 3.5%.

The bank also signaled two or three new rate cuts for this year as the inflation outlook remains at the same level.

“Inflation is c…

Trkiye’s external assets reach $341.7B as of end-June

ISTANBUL: Trkiye’s external assets rose to $341.7 billion at the end of June, up 2.7% from the end of 2023, the country’s Central Bank said Tuesday.

Trkiye’s liabilities against non-residents climbed 10.1% to $670.2 billion in the same period.

The n…