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Global music biz sees 10.2% growth in 2023: industry
Global music biz sees 10.2% growth in 2023: industry
Economy
by  AFP

Global music revenues were up 10.2 percent last year to $28.6 billion, according figures released Thursday, but record firms are concerned over how to maintain growth in the streaming era. The music industry grew for the ninth consecutive year, thanks largely to the continued growth of streaming (up 11.2 percent), which now accounts for more than two-thirds (67.3 percent) of global revenues.

Turkey's central bank hikes interest rate to 50%
Turkey's central bank hikes interest rate to 50%
Economy
by  AFP

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The central bank said Thursday that its "monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen".