Total deposits at American banks fell $472.1 billion in the first quarter, marking the largest decline in almost 40 years, according to a report Wednesday by the Federal Deposit Insurance Corporation (FDIC). The amount represents a 2.5% decline in tot…
Bangladeshi premier calls for investment in science, tech to regain lost Muslim heritage
Bangladeshi Prime Minister Sheikh Hasina on Tuesday called on the Muslim world to invest more in science and technology for Muslim children to bring back the lost glorious heritage of the community (ummah).’Muslims once showed their leadership in scie…
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…
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 …
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 …
Turkish-Russian trade volume in 2022 topped $62B: Senior Moscow diplomat
Last year the volume of trade between Trkiye and Russian topped $62 billion, said a senior Russian senior diplomat on Saturday. Speaking to Russian news agency RIA, Yury Pilipson, director of the 4th European Department of the Russian Foreign Ministry…
Turkish lira hits rock bottom ahead of presidential runoff vote
The USD/TRY exchange rate surged to 20.47 in the morning, while the disparity between the free market rate and the informal market rate narrowed. The Turkish Lira suffered a significant blow on the final trading day before the upcoming second round of …