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S and P 500 climbs above 5,600 level for 1st time in history

ISTANBUL: The US stock market index S and P 500 on Wednesday climbed above the 5,600 record-high level for the first time in history.

The index increased to the all-time high level of 5,600.76 level at 12.06 p.m. EDT (1606GMT).

It was trading at 5,6…

Russia’s annual inflation accelerates to 16-month high

ANKARA: The annual consumer inflation rate in Russia accelerated for the sixth consecutive month in June, hitting its highest level since Feb. 2023, according to data released on Wednesday.

Consumer prices increased 8.59% year-on-year in June, follow…