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US Federal Budget Deficit Reduces by 33% in December

Washington: The US federal government’s budget deficit for December 2024 saw a significant decrease of 33% compared to December of the previous year, as reported by the US Treasury Department on Tuesday.

According to Anadolu Agency, the deficit for …

Trkiye’s Flower Exports Hit $141M in 2024

Ankara: Trkiye exported $141 million worth of flowers and ornamental plants to 80 countries in 2024, with the Netherlands and the UK being the largest recipients, a sector official said. The country, home to more than 3,500 plant species, exports a va…

Trkiye’s BIST 100 Closes Monday in the Red

Istanbul: Trkiye’s benchmark stock index closed Monday at 9,733.17 points, falling 1.79% from the previous close. Extending its losses to a second session, Borsa Istanbul’s BIST 100 index dropped 177.44 points with a daily transaction volume of 96 bil…

ECB to Pursue ‘Middle Ground’ Plan for Rate Cuts This Year

Frankfurt: The European Central Bank (ECB) plans to further loosen its policy rates this year but must strike a balance to avoid both a recession and delays in reducing inflation, ECB chief economist Philip Lane said.

According to Anadolu Agency, La…