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BoE follows Fed to keep rates on hold amid ‘intensified’ uncertainty
BoE follows Fed to keep rates on hold amid ‘intensified’ uncertainty
By admin on March 23, 2025 |
Business
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The Bank of England (BoE) held interest rates unchanged at 4.5% on Thursday, following a similar move by the U.S. central bank a day earlier...
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CBRT pauses policy funding, raises overnight lending rate to 46%
CBRT pauses policy funding, raises overnight lending rate to 46%
By admin on March 23, 2025 |
Business
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Türkiye’s central bank on Thursday announced it had suspended one-week repo auctions and raised its overnight lending rate to 46%, in a move economists interpret...
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Travel chaos as huge fire shuts down London’s Heathrow Airport
Travel chaos as huge fire shuts down London’s Heathrow Airport
By admin on March 23, 2025 |
Business
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A massive fire at an electrical substation knocked out power to London's Heathrow Airport on Friday, forcing a full-day shutdown that stranded hundreds of thousands...
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Türkiye, Slovakia, Hungary get US waiver extension for Russian gas
Türkiye, Slovakia, Hungary get US waiver extension for Russian gas
By admin on March 23, 2025 |
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Türkiye, Slovakia and Hungary have received extensions from the United States to waivers for gas payments to Russia, according to reports, which said the extensions...
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Türkiye’s consumer confidence reaches nearly 2-year high in March
Türkiye’s consumer confidence reaches nearly 2-year high in March
By admin on March 23, 2025 |
Business
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Consumer confidence in Türkiye improved further in March to the highest level in nearly two years, official data showed on Friday. The consumer confidence index...
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BP sells Apollo $1B stake in firm invested in TANAP gas pipeline
BP sells Apollo $1B stake in firm invested in TANAP gas pipeline
By admin on March 23, 2025 |
Business
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British energy giant BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Türkiye for $1...
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Trump mulling F-35 jet sale to Türkiye: US media report
Trump mulling F-35 jet sale to Türkiye: US media report
By admin on March 23, 2025 |
Business
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U.S. President Donald Trump is considering selling fighter jets, even fifth-generation F-35s, to Türkiye, according to a report from Fox News on Friday. Citing two...
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Probes ordered after Heathrow Airport’s shutdown, disruption
Probes ordered after Heathrow Airport’s shutdown, disruption
By admin on March 23, 2025 |
Business
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London's Heathrow Airport resumed operations on Saturday, ordering a probe into how it dealt with a power outage that shut Europe's busiest air hub for...
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UK plans to slash govt costs by 15%, signals 10,000 civil job cuts
UK plans to slash govt costs by 15%, signals 10,000 civil job cuts
By admin on March 23, 2025 |
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British finance chief Rachel Reeves said Sunday she plans to cut the costs of running government by 15% within four years while also announcing 10,000...
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US tourism outlook dims as Trump’s policies herald decline in visits
US tourism outlook dims as Trump’s policies herald decline in visits
By admin on March 23, 2025 |
Business
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The U.S. tourism outlook has clouded in just a couple of weeks due to President Donald Trump's policy decisions that have irked some foreign visitors...
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‘No hesitation’ in implementation of economic program: Şimşek
‘No hesitation’ in implementation of economic program: Şimşek
By admin on March 23, 2025 |
Business
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There is "no hesitation" regarding the implementation of the government's economic program, a top Turkish finance official said recently, emphasizing they were working in "close...
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Regulations and rivalries: The AI leadership debate
Regulations and rivalries: The AI leadership debate
By admin on March 23, 2025 |
Business
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OpenAI has submitted an open letter to the United States Office of Science and Technology Policy (OSTP), which includes recommendations and strategies to preserve America's...
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Europe’s $300B dilemma: What to do with frozen Russian assets
Europe’s $300B dilemma: What to do with frozen Russian assets
By admin on March 23, 2025 |
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With U.S. support for Ukraine in question, Kyiv's European allies are weighing whether to seize $300 billion in frozen Russian assets and use the money...
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Recent quakes at Greece’s Santorini push tourists to Türkiye
Recent quakes at Greece’s Santorini push tourists to Türkiye
By admin on March 23, 2025 |
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The recent earthquakes impacting some of the Greek islands, particularly the widely popular summer spot Santorini, have prompted concerns and left tourists to reconsider their...
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Tourist arrivals in Türkiye reach 4.3 million in January-February
Tourist arrivals in Türkiye reach 4.3 million in January-February
By admin on March 23, 2025 |
Business
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Türkiye saw a slight increase in the number of foreign visitors in the first two months of 2025 despite a decline in February, official data...
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‘Travel boom’ for Türkiye continues: German tour giant Tui
‘Travel boom’ for Türkiye continues: German tour giant Tui
By admin on March 23, 2025 |
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The world's largest travel group Tui is forecasting strong demand for the upcoming fall holidays, as people want to extend their summer days into the...
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Climate change, crowd: Should Greece rethink its tourism model?
Climate change, crowd: Should Greece rethink its tourism model?
By admin on March 22, 2025 |
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As temperatures soar and tourist numbers increase, Greece is under pressure to rethink a tourism model that climate change is making increasingly untenable. With its...
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Turkish tourists encouraged to visit TRNC
Turkish tourists encouraged to visit TRNC
By admin on March 22, 2025 |
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Launching a promotional campaign in tourism, a top official of the Turkish Republic of Northern Cyprus (TRNC) called on Turkish holidaymakers to take advantage of...
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Libya’s eastern administration to close all oil fields in fresh row
Libya’s eastern administration to close all oil fields in fresh row
By admin on March 22, 2025 |
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Libya's eastern-based administration announced on Monday that it would shut down all oil fields and suspend all production and exports in a surprise move that...
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Canada to impose 100% tariffs on Chinese EVs, following US suit
Canada to impose 100% tariffs on Chinese EVs, following US suit
By admin on March 22, 2025 |
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Canadian Prime Minister Justin Trudeau announced on Monday that Canada will impose a 100% tariff on the import of Chinese electric vehicles (EVs), months after...
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Major Turkish defense firms sign agreements with Indonesia
Major Turkish defense firms sign agreements with Indonesia
By admin on March 22, 2025 |
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Türkiye's defense giants Aselsan and Roketsan inked strategic defense industry transfer deals with Indonesia under the leadership of the Presidency of Defense Industries (SSB) in...
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S. Korea’s youth opt for high-end spending amid birth rate crisis
S. Korea’s youth opt for high-end spending amid birth rate crisis
By admin on March 22, 2025 |
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As South Korea tussles to stop the sharp decline in its birth rate, policymakers are having a rough time convincing many in their 20s and...
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Swedish giant Ikea trials own online secondhand marketplace
Swedish giant Ikea trials own online secondhand marketplace
By admin on March 22, 2025 |
Business
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Swedish flatpack furniture retailer Ikea announced on Monday it is trialing its own online marketplace for its secondhand furniture so that customers can sell directly...
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China’s PDD suffers $55B hit after flagging uncertain market
China’s PDD suffers $55B hit after flagging uncertain market
By admin on March 22, 2025 |
Business
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China's PDD Holdings, the parent company of online retailers Pinduoduo and Temu, missed Monday market estimates for quarterly revenue, and downbeat comments from executives about...
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Zuckerberg admits Biden admin pressured Meta to censor COVID content
Zuckerberg admits Biden admin pressured Meta to censor COVID content
By admin on March 22, 2025 |
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Senior officials in the Biden administration pressured Meta Platforms to censor COVID-19 content during the pandemic, CEO Mark Zuckerberg said, adding that he would push...
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Posts tagged as “national debt”

US public debt ‘unsustainable’ in long run: Fed chief Powell

U.S. Federal Reserve (Fed) Board Chairperson Jerome Powell speaks to reporters after the Fed once again refrained from raising interest rates following its two-day conference in Washington, U.S., Jan. 31, 2024. (EPA Photo)

US public debt ‘unsustainable’ in long run: Fed chief Powell

By admin on February 13, 2024

The United States is on an “unsustainable” path concerning its national debt and it is time to address the issue, according to Federal Reserve (Fed)…