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German economy expected to shrink this year, stagnate in 2025

BERLIN: The German Chamber of Commerce and Industry (DIHK) lowered its growth forecast for Germany’s economy from 0% to minus 0.2% for 2024 due to a persistent structural crisis.

The DIHK in a statement Tuesday said it also expects the economy to sta…

US sanctions 275 entities for supplying Russia with advanced tech

ISTANBUL: The US Treasury Department said Wednesday it imposed sanctions on a total of 275 individuals and entities involved in supplying Russia with advanced technology and equipment.

The sanctions also target domestic Russian importers and producer…

Alphabet sees income, revenue growth with AI surge

ISTANBUL: Alphabet saw income and revenue growth in the third quarter, according to a financial results statement released late Tuesday.

Google’s parent company posted revenues of $88.3 billion for the quarter that ended Sept. 30, up 15.1% from appro…