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August 2024

Global markets recovered after historically high selling pressure

ISTANBUL: After concerns that economic activity in the US may slow down more sharply than expected led to deepening selling pressure in global markets on Monday, risk appetite increased in the markets on Tuesday.

The effects of concerns that the Fed’…

EU countries in 2023 boosted RandD budgets 5%

ISTANBUL: The EU-wide total for government budget allocations for research and development (RandD) in 2023 was $135 million, up 5.3% ($128 million), Eurostat said Tuesday.

This corresponds to 0.73% of gross domestic product (GDP) in 2023, said the bl…

Retail sales down in eurozone in June

ISTANBUL: Retail sales volume decreased by 0.3% in the euro area in June on yearly basis, the-27 member block’s statistical authority Eurostat announced on Tuesday.

The volume of retail trade decreased for food, drinks, tobacco by 0.7%, increased for…