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Duration of working life slightly on rise in 2023 across EU

ISTANBUL: The average expected duration of working life across the EU in 2023 was slightly longer than a year earlier, according to Eurostat data released on Thursday.

A 15-year-old is expected to have a working life of 36.9 years across the 27-membe…

US economy expands 2.8% in 2nd quarter, shows first reading

ISTANBUL: The US economy expanded 2.8% in the second quarter of 2024, according to the Commerce Department’s first advance reading released Thursday.

The figure came much higher than market estimates of 2%.

The American economy expanded by 1.4% in t…

IBM sees net income rise 16% to $1.8B in 2nd quarter

ISTANBUL: IBM saw its net income rise 16% to $1.8 billion in the second quarter of 2024, according to its financial results statement released Wednesday.

Its total revenue showed a slight increase of 2% to $15.8 billion in the April-June period.

Whi…