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Number of Turkish defense firms in global top 100 reaches 5

ISTANBUL: The number of Turkish defense firms in the world-renowned Defense News Top 100 reached five, with the newest addition of the arms maker Mechanical and Chemistry Industry Corp. (MKE) in 2024.

Aselsan is the highest ranking Turkish defense fi…

Uber’s revenues beat forecasts in Q2

ISTANBUL: International tech firm Uber’s second-quarter revenues exceeded market expectations with a jump of 16% to $10.7 billion.

The firm’s gross bookings soared 19% to $39.95 billion this April-June period on a yearly basis, Uber said on Tuesday.

Factory orders down 11.8% in Germany year-on-year in June

ISTANBUL: Factory orders in Germany dropped by 11.8% in June on a yearly basis, the federal statistical authority Destatis revealed on Tuesday.

In May, factory orders also fell by 8.7% year-on-year, Destatis’ data showed.

On a monthly basis, orders …