Business

Asylum seekers applying for international protection in the EU member states soared 12% year-on-year in 2019, according to Eurostat on Friday.The 27-member bloc saw a total of 612,700 first-time asylum seeker registrations last year, up from 549,000 p…

Turkey’s economic growth will exceed expectations in the first quarter with a slight slowdown in March due to the coronavirus outbreak, the country’s finance minister said Thursday.“Turkey prioritizes measures to keep a solid economy in line with 2020…

The EU’s passenger car market shrank 7.4% in January-February 2020 compared to the same period last year, an industry group said on Wednesday.Automobile registrations across the 27-member bloc stood at 1.9 million in the first two months of this year,…

Hong Kong has lost its top slot among free economies, a new report by a Washington-based think tank said on Tuesday. According to the 2020 Index of Economic Freedom by the Heritage Foundation, the Chinese autonomous region dropped to the position of “2…

The International Monetary Fund (IMF) is ready to mobilize $1 trillion in lending capacity to help member countries fight the coronavirus outbreak, the fund’s chief said on Monday.The IMF firstly can deploy an emergency response toolkit to help countri…

Turkey on Friday announced postponement of all domestic and international trade fairs in the country scheduled between March 16 and April 30 amid coronavirus fears.The decision was made in line with Turkey’s scientific commission recommendations in Thu…

Businesses in China have been severely disrupted following a lockdown in many parts of the country to contain the spread of coronavirus.It has been more than two months since the virus, officially known as COVID-19, surfaced in Wuhan. Since then, it ha…