Author: Anadolu Agency
Turkish Treasury and Finance Minister Mehmet Simsek will pay a visit to China to attend several high-level meetings this week. As part of his official visit to the capital Beijing, Simsek will first attend the joint working group meeting on Nov. 6 to discuss the harmonization of the Middle Corridor Initiative and the Belt and Road Initiative, according to information obtained by Anadolu. The Memorandum of Understanding (MoU) on the Harmonization of the Silk Road Economic Belt, the 21st Century Maritime Silk Road, and the Middle Corridor Initiative was signed in the Turkish Mediterranean resort city of Antalya in 2015.…
The price of Bitcoin is fluctuating as the world’s largest economy, the US, has finally reached what promises to be a pivotal Election Day. During the last 24-hour period, the price of the largest cryptocurrency saw a low of $66,803.65 and a high of $69,201.57. It was at $73,500 level a week ago, and lost around 7% in the seven-day period to the $68,900 level currently as of GMT0900 Tuesday. If Republican candidate Donald Trump wins Tuesday’s presidential race, the market expects positive developments for cryptocurrencies, as he pledged that the US will be the “crypto capital” of the planet.…
Arsenal sporting director Edu Gaspar resigned from his position at the club, the English Premier League side confirmed on Monday. “This was an incredibly hard decision to make. Arsenal has given me the opportunity to work with so many amazing people and the chance to be a part of something so special in the club’s history,” Edu said in a statement. “It has been a special journey and I thank Stan, Josh, Tim, and Lord Harris for the support they’ve given me,” he added. The former Arsenal player returned to the club as technical director in July 2019. In November…
Passenger car sales in Türkiye dropped 8.4% year-on-year by 75,662 units in October, according to data released by an industry group on Monday. A total of 97,274 passenger cars and light commercial vehicles were sold across the country last month, falling 4% at an annualized pace, the Automotive Distributors’ and Mobility Association (ODMD) data showed. Light commercial vehicle sales, on the other hand, surged by 15.2% to 21,612 units during the same period. In October, hybrid cars accounted for 21.2% of total automobile sales or 16,017 units, enjoying an annual surge of 84.8%. Electric car sales declined 9.4% from a…
Fenerbahce Beko beat Partizan Mozzart Bet Belgrade 89-72 for their fifth win Friday in Round 7 of the Turkish Airlines EuroLeague The Turkish team took control early, finishing the first and second periods ahead, posting 22-15 and 44-31 leads, respectively. Fenerbahce Beko maintained their dominance after the break, extending their lead to 67-53 in the third quarter. Fenerbahce Beko had five double-digit scorers, with Nigel Hayes-Davis leading with 24 points at Ulker Sports and Event Hall. Tarik Biberovic added 17 points, while Wade Baldwin chipped in 13 to go along with eight assists. Devon Hall scored a dozen for Fenerbahce…
US-based coffeehouse chain Starbucks saw its sales decline for the third consecutive quarter, according to its financial results statement released Wednesday. Global comparable store sales declined 7%, said the statement. While North America store sales declined 6%, China store sales dove 14% and international store sales fell 9%, according to the statement. The company said it opened 722 net new stores in the fourth quarter of the 2024 fiscal year, which corresponds to the July-September period of this year, ending the period with a total of 40,199 stores globally. “At the end of Q4, stores in the US and China…
U.S. mortgage applications fell last week as mortgage rates jumped to their highest since July, according to a Mortgage Bankers Association (MBA) report released Wednesday. The market composite index, a measure of mortgage loan application volume, fell 0.1% on a seasonally adjusted basis for the week ending Oct. 28. On an unadjusted basis, the index was off 1% compared to the previous week. “Mortgage applications were essentially flat last week as rates increased for the fourth time in five weeks, driven by bond market volatility in advance of the presidential election and the next FOMC (Federal Open Market Committee) meeting,”…
The U.S. economy expanded 2.8% in the third quarter of 2024, according to the Commerce Department’s first advance reading released Wednesday. The figure came lower than market estimates of 3%. The American economy expanded by 3% in the second quarter of 2024. The current dollar GDP increased 4.7% at an annual rate, or $333.2 billion, in the third quarter to reach $29.35 trillion, a Commerce Department statement said. “In the second quarter, GDP increased 5.6 percent, or $392.6 billion,” it added. Current-dollar personal income increased $221.3 billion in the third quarter, up from gains of $315.7 billion in April-June, according…
The price of Bitcoin jumped more than 5% to over $73,000 on Tuesday, reaching its highest level in nearly eight months and close to a record high. Bitcoin reached as high as $73,567, a daily increase of more than 5.3%. The world’s largest cryptocurrency was last trading above the $73,000 level in mid-March, when it hit an all-time record of $73,750. Ethereum, the world’s largest altcoin, hit as high as $2,679 on Tuesday with a daily gain of over 6.2%. Some prices of altcoins rose by more than 20%. The value of the cryptocurrency market stood at $2.45 trillion, up…
Türkiye’s economic confidence index rose by 3.2% to 98 in October, the Turkish Statistical Institute said on Wednesday. Consumer confidence index increased by 3%, real sector (manufacturing industry) confidence index 3%, services confidence index 1.5%, and retail trade confidence index by 0.1%. Construction confidence index, meanwhile, decreased by 1.7% month-on-month. The confidence index indicates an optimistic outlook when it is above 100 and a pessimistic outlook when it is below 100.