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US Producer Prices Surge Beyond Expectations in December

Washington: US producer prices were up more than expected in December, with the Producer Price Index (PPI) rising 3% year-on-year, according to data released Friday by the Bureau of Labor Statistics. The figure exceeded expectations of 2.7% for the mo…

Turkish, Iranian Foreign Ministers to Meet in Istanbul

Istanbul: Turkish Foreign Minister Hakan Fidan is set to meet with Iranian Foreign Minister Abbas Araghchi on Friday in Istanbul, diplomatic sources said.

According to Anadolu Agency, following their talks, Foreign Minister Fidan and his Iranian co…

Trump Selects Kevin Warsh as Nominee for Federal Reserve Chairman

Washington: US President Donald Trump announced his decision to nominate Kevin Warsh, a former Federal Reserve governor, as the next chairman of the Federal Reserve. Trump made the announcement on his Truth Social platform, expressing confidence in Wa…