Industry

Total deposits in April record decrease, CBC says

Total deposits in April 2023 recorded a net decrease of pound 173.3 million, compared with a net increase of pound 59.8 million in March 2023, the Central Bank of Cyprus said in a press release.The CBC released on Tuesday the Monetary Financial Instit…

Industry

Turkish stock exchange jumps by 4.1% on Monday

Trkiye’s benchmark stock exchange ended Monday at 4,768.56 points, soaring 4.1% from the previous close.Starting the week at 4,696.17 points, Borsa Istanbul’s BIST 100 index earned 187.89 points compared to Friday’s close.The political uncertainty in …

Industry

Why the EU’s economic engine is breaking down

The German economy, once Europe’s roaring engine of growth, slipped into recession in early 2023 amid runaway inflation, the national statistics office revealed this week. GDP data is reportedly showing surprisingly negative signals, with the economy …