Economy

British retail giant expects $402M profit hit due to 'highly sophisticated' cyberattack
M&S says it anticipates ongoing disruption 'throughout June and into July' as it gradually restores digital services
British retail giant expects $402M profit hit due to 'highly sophisticated' cyberattack
M&S says it anticipates ongoing disruption 'throughout June and into July' as it gradually restores digital services

Rural transformation essential for food security: IFAD president
80% of poverty is concentrated in rural areas; targeted job creation and sustainable development efforts are needed, says Alvaro Lario

Turkish stock exchange ends Tuesday in red
Benchmark BIST 100 index loses 154.35 points at closing session

Investor sentiment in Türkiye recovering in last few weeks: Finance minister
'Over the past 2 weeks, there has been a recovery in forex reserves. Investors are back. CDS has fallen significantly,' says Mehmet Simsek

Trade tensions could threaten global financial stability, lower economic growth: ECB
Increased uncertainty has potential to redirect trade flows, reconfigure value chains, deter investment and dampen economic growth, ECB report says

EU seeks more flexible budget due to rising geopolitical and trade tensions
'Today we are working with a budget designed in the years 2019 and 2020. A different world,' EU Commission president says