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Oil up over positive demand outlook, ongoing conflicts in Red Sea

ANKARA: Oil prices increased on Wednesday following a strong demand outlook in the world’s largest oil consumer, the US, and continuing disputes in the Red Sea, one of the world’s most frequently used shipping lanes for oil and fuel shipments.

Intern…

Google’s greenhouse emissions rise 48% in 5 years due to AI

ISTANBUL: Google’s greenhouse gas emissions (GHG) increased 48% between 2019 and 2023, primarily due to increases in the use of artificial intelligence (AI), data center energy consumption, and supply chain emissions.

The US-based global tech major’s…

Trkiye’s inflation rate slows better than market forecast

ANKARA: Trkiye’s annual consumer inflation rate slowed to 71.60% in June, beating economists’ forecasts, according to data released on Wednesday.

The June figure fell from an 18-month high of 75.45% in May as the country’s economic management expecte…