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Category: Business
Banks shocked as Italy surprises lenders with 40% windfall tax
Banks got here below deep stress Tuesday after Italy’s right-wing cupboard accepted a 40% windfall tax on earnings lenders reap from increased rates of interest
Moody’s downgrades US banks, warns of possible cuts to others
Moody’s reduce credit score scores of a number of small to mid-sized U.S. banks Monday and stated it could downgrade a few of the nation’s
Four Turkish defense firms included in global top 100 list
Four Turkish protection giants are included within the high 100 protection companies checklist revealed by the US-based Defense News journal on Monday. Türkiye’s Aselsan was
Türkiye’s current account expected to log surplus in June
Türkiye’s present account steadiness is forecasted to publish a uncommon surplus in June, pushed partly by strong tourism and decrease vitality payments, a survey confirmed
Turkish drone maker’s sale to Saudi Arabia
In three questions, Can Kasapoğlu assesses a latest deal by Turkish drone-maker Baykar with Saudi Arabia and its potential results. Why Did the Saudi Arabia
EBRD extends fresh $109M loan tailored for Türkiye quake region
Europe’s growth financial institution on Friday mentioned it was offering a $109 million mortgage to the biggest non-public lender in Türkiye for on-lending to companies
Yves Rocher to close all shops in Germany, Austria and Switzerland
French cosmetics firm Yves Rocher plans to shut all of its outlets in Germany, Austria and Switzerland. The firm confirmed the choice to dpa on
Net profit of Turkish banking sector up to $9.7B in H1
Türkiye’s banking sector posted a web revenue of TL 250.3 billion ($9.69 billion) within the first six months of 2023, the nation’s banking watchdog mentioned
UK’s FTSE 100 falls as mining losses subdue HSBC, Diageo gains
The U.Okay.’s FTSE 100 reversed good points on Tuesday as losses in mining companies outpaced upbeat earnings by HSBC, Weir Group and Diageo, whereas BP’s