Erdogan praises Turkish central bank, signals further rate cuts

Istanbul: Turkish President Recep Tayyip Erdogan signalled that he expects further monetary easing by the central bank even though he has been happy with the pace of interest cuts thus far. “Interest rates retreated to reasonable levels with the central bank’s appropriate interventions,” Erdogan said in a speech to his ruling AK Party members on […]

US imports from China slump

Washington: US imports from China fell 12.5 per cent in the year through August, the Census Bureau said Friday, while purchases from Mexico — the second-biggest supplier of goods to America — posted the biggest increase. The data showed how the intensifying trade war between the world’s two biggest economies is providing openings for other […]

Enterprises, not consumers, will drive 5G

Dubai: The telecom industry can expect to see widespread enterprise usage of 5G in the Middle East by the end of 2020. But consumer adoption rates may not happen until 2025, according to Alaa Elshimy, managing director and vice-president of Huawei’s Enterprise Business Group Middle East. Huawei has signed 12 contracts in the Middle East […]