BAKU: Turkish defense firm Assan is working to build an aerial bomb production facility in Azerbaijan, in addition to the contractor’s already ongoing ammunition sales to the country.

Gurcak Okumus, Assan’s CEO, told Anadolu that agreements for the p…

ISTANBUL: The Swiss Central Bank cut its policy rate to 1% by 25 basis points, third time in a row in 2024.

The bank stressed that the inflationary pressure in the country decreased significantly in the third quarter versus the previous quarter.

Sin…

ISTANBUL: The US saw 716,000 units of new home sales in August, down from 751,000 in July but beating the market expectation of 699,000.

The number of new home sales fell 4.7% from July to August, the US Census Bureau and the Department of Housing an…