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US home sales cool as mortgage rates remain high
US home sales cool as mortgage rates remain high
Business and Economy
by  AFP

Sales of homes in the United States ticked down in July, according to industry data released Tuesday, as elevated mortgage rates and limited housing supply held buyers back. Sales of existing homes "likely have further to fall over the rest of the year as higher mortgage rates and a mild recession squeeze demand and keep supply conditions tight," said economist Michael Pearce of Oxford Economics.

Getir cuts over tenth of global workforce
Getir cuts over tenth of global workforce
Business and Economy
by  AFP

Turkish rapid grocery delivery firm Getir said Tuesday it was slashing over a tenth of its global workforce in a bid to stem losses and keep its foothold in parts of Europe and the United States. The layoffs will come in five countries where Getir intends to maintain operations -- Turkey, Britain, Germany, the Netherlands and the United States.