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US construction spending falls 0.1% in May

ISTANBUL: US construction spending fell 0.1% to $2,139.8 billion in May, the Commerce Department’s figures showed Monday.

Construction spending, one of the major indicators of well-being in the construction sector, was expected to show a monthly incr…

UK elections: Cost of living, economy trumps all for voters

LONDON: As millions in the UK prepare to elect a new government, no issue seems to be more important for voters than the cost-of-living crisis and the state of the economy.

According to polling firm YouGov’s research, a staggering 45% see the cost of…

Portugal’s economy expected to grow around 2% in 2024: IMF

ISTANBUL: Portugal’s economy is expected to growth around 2% in 2024, and rebounding slightly to 2.25% in 2025, the International Monetary Fund said on Monday.

Economic growth is expected to be below 2% over the medium-term due to the country’s aging…