Turkey and Turkish enterprises saved almost $2 billion on energy bills in 2023 by increasing imports of inexpensive Russian oil and processed goods, according to a Reuters estimate based on LSEG statistics and dealers' estimations. Despite Western sanctions, Ankara wants to buy more from its...

After a lacklustre post-COVID recovery, Beijing is faced with a difficult decision for 2024 and beyond: increase debt or decrease growth. This has cast serious doubt on the basis of China's decades of remarkable growth.   It was anticipated that after China abandoned its harsh COVID...

Analysts at Goldman Sachs drastically raised the Standard & Poor's 500 stock index prediction for 2024, going from 4700 points in November to 5100 points. The S&P 500 was valued at 4719 points at the conclusion of business on December 15, meaning that the index is expected to expand by...

Since some Indian refiners are equipped to handle heavy crude oil, India would purchase Venezuelan oil, the country's oil minister, Hardeep Singh Puri, announced on Friday.   Following the US lifting of sanctions in October, Indian refiners have already started buying Venezuelan oil again....

November saw an increase in production at American factories thanks to a spike in auto production after the strikes ended, but activity was lower abroad as manufacturers struggled with rising borrowing costs and declining demand.   Even with the varied results for the manufacturing sector,...

The European Union opted to begin accession talks with the war-torn nation UKraine, but failed to reach a consensus on a financial aid package worth 50 billion euros ($54 billion), which Ukraine urgently needs to survive.   Hungarian Prime Minister Viktor Orban denied the aid, dealing...

Chinese leaders decided to run a 3% GDP budget deficit in 2024 at their annual meeting on the economy. A Reuters report that cited unidentified sources claimed that additional fiscal support could be provided by off-budget debt.   With the ability to issue off-budget sovereign debt, Beijing...

In the third quarter of 2023, the economies of the G20 countries grew by 0.7% in comparison to the prior three months, as per an early report released by the Organization for Economic Co-operation and Development (OECD). GDP growth increased in contrast to the revised 0.6% growth in the second...

As expected, the ECB maintained the benchmark interest rate at 4.5% annually. According to a statement from the watchdog, the European Central Bank (ECB) maintained the benchmark interest rate at 4.5% per year during its meeting on Thursday. This rate is still historically high. The regulator's...