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Austrian economy stagnates in Q2

ISTANBUL: Austria’s gross domestic product (GDP) stagnated in the second quarter of the year, down minus 0%, easing from a 0.2% increase in the first quarter, the flash estimate showed.

The Austrian Institute of Economic Research (WIFO) said on Tuesd…

Tesla recalling over 1.8M vehicles in US due to hood issue

ISTANBUL: Tesla is recalling more than 1.8 million vehicles in the US because of a software issue that may fail to detect unlatched hood, according to the National Highway Traffic Safety Administration (NHTSA) on Tuesday.

“An unhatched hood can fully…

French economy grows 0.3% quarterly in Q2

ISTANBUL: France’s inflation-adjusted gross domestic product (GDP) climbed 0.3% in the second quarter of the year compared to the previous quarter, the first estimate released on Tuesday showed.

The contribution of the final domestic demand (excludin…