Economy

China needs to be reliable partner in trade negotiations: US treasury chief

China needs to be reliable partner in trade negotiations: US treasury chief

'China has a singular opportunity to stabilize its economy by shifting away from excess production towards greater consumption,' Scott Bessent says

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Karmod installs container office at Akkuyu Nuclear Power Plant site
11.06.2025

Karmod installs container office at Akkuyu Nuclear Power Plant site

Office will be used by Russian AAEM Turbine company, which is overseeing installation of steam turbines at facility

Prices hike lower than expected in US in May
11.06.2025

Prices hike lower than expected in US in May

Annual price hike at 2.4%, monthly at 0.1%

US-China trade deal is 'done,' Trump says
11.06.2025

US-China trade deal is 'done,' Trump says

US ‘getting a total of 55% tariffs, China getting 10%’ under deal subject to approval with presidents of two countries, Donald Trump says

Turkish missile producer Roketsan inks defense deal with Indonesia
11.06.2025

Turkish missile producer Roketsan inks defense deal with Indonesia

Deals included ATMACA Anti-Ship Missile and joint production initiative, says head of Roketsan

ECB president urges global cooperation to address trade tensions
11.06.2025

ECB president urges global cooperation to address trade tensions

One-sided adjustments to resolve global frictions have consistently fallen short, often leading to unpredictable and costly consequences, says European Central Bank President Christine Lagarde