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US mortgage applications fall as rates jump to highest since July

ISTANBUL: US mortgage applications fell last week as mortgage rates jumped to their highest since July, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage loan application vo…

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…