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Chinese manufacturing sector expands significantly in June

ISTANBUL: China’s manufacturing sector in June improved significantly, with a growth rate of the production the fastest for the last two years, data provider S and P Global announced on Monday.

“Firms also acquired more inputs to support production, …

Germany’s inflation slows in June

ANKARA: Germany’s consumer inflation rate cooled in June after rising a month earlier thanks to an acceleration in energy cost declines, according to provisional data released on Monday.

Consumer prices climbed 2.2% at an annual pace in June, after M…

Boeing buys aviation firm Spirit AeroSystems for $4.7B

ISTANBUL: US-based Boeing announced on Monday a deal to buy aviation firm Spirit AeroSystems for some $4.7 billion.

Boeing will pay $37.25 per share of Spirit AeroSystems, with a total transaction worth approximately $8.3 billion, including the firm’…