According to data, unemployment in Turkey decreased to 12.7% in the third-quarter ending in September, as the economic movement accelerated between the first and second waves of the Coronavirus. The unemployment rate is the lowest since the end of 2018, when the currency crisis pushed the economy into recession. Unemployment …

Credit rating agency Fitch raised its forecast this week for Chinese economic growth next year, based on increased domestic demand and expectations of a coronavirus vaccine deployment. Fitch now expects China’s GDP to expand 8% in 2021, up from the 7.7% forecast in September. “This would be much higher than …

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. The ECB further announced that it decided to increase the envelope under the Pandemic Emergency Purchase Programme …

The euro stabilized Thursday, December 10, before the European Central Bank unveiled new stimulus measures, while the British pound fell after trade talks on Brexit were extended until the next few days, seeking an elusive breakthrough. European Central Bank officials have made clear in recent weeks that a larger program …

Official figures showed that the recovery of the British economy almost stopped in October due to the high number of cases of Coronavirus, which dealt a blow to the hospitality sector. The Office for National Statistics said gross domestic product rose 0.4% month-on-month, which is in line with expectations in …

Not much changed in European stocks Thursday, December 10 after a meeting between the leaders of Britain and the European Union on a trade deal failed to yield progress, while investors were reluctant to make big bets due to an awaited decision from the European Central Bank later today. The …

Gold fell Thursday, December 10, after heavy selling in the previous session, with the uncertainty continuing regarding the long-running fiscal stimulus negotiations in the United States. Gold fell in the spot market 0.2% to $ 1835.40 an ounce, after falling by as much as 2.5% on Wednesday. Gold futures in …

The Confederation of British Industry (CBI) has warned that the country’s economy is unlikely to return to its pre-COVID-19 scale before the end of 2022 and that unemployment appears to rise sharply in the first half of next year. The union expected the British economy to contract by a record …

Japanese stocks closed lower Thursday, December 10, as the Brexit crisis and political squabbling over fiscal stimulus in the United States pressured investor sentiment around the world, while market heavyweight Softbank Group jumped to its highest level in more than 20 years thanks to the inclusion of Doordash. Softbank rose …

The European Central Bank faces a difficult situation as it needs to decide whether to resort to a more monetary stimulus or whether to take smaller steps to address the current risks. The euro was one of the best performing currencies, up 8% against the dollar so far while it …