Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
The US economy shrank 0.6 percent in the April-June quarter from the same period last year. That's according to the latest, upwardly revised estimate for US gross domestic product (GDP), the Associated Press reported, citing government data.
It still represents the second straight quarter of economic decline, which is considered an unofficial indicator of a recession.
However, most economists doubt that the US economy is in recession or on the verge of one, given that the domestic labor market remains stable, with high hiring rates, low unemployment and plenty of vacancies.
But inflation is near a four-decade high, weighing on consumers and businesses. The US Federal Reserve's aggressive efforts to tame it by sharply raising interest rates raise the risk of a possible recession.
In its latest estimate, the Commerce Department reported that US GDP shrank in the latest quarter, though less than the 1.6 percent year-over-year decline recorded in the first quarter. In the previous estimate for the quarter ending in late June, the data showed the economy shrank by 0.9 percent.
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Turkey has thrown its support behind outgoing Dutch Prime Minister Mark Rutte for the position of NATO Secretary General,
The US Congress has finally approved a long-awaited aid package for Ukraine, totaling nearly 61 billion USD, including military assistance
German Foreign Minister Annalena Baerbock has issued a compelling call for the expedited integration of candidate countries from the Western Balkans into the European Union
Ukrainian forces have undertaken a strategic withdrawal to new positions in at least three key area
French President Emmanuel Macron has ignited controversy by calling for France's nuclear arsenal to be integrated into the European defense discourse
In a candid interview with German media, Kyiv Mayor Vitaly Klitschko has lambasted the Ukrainian government for its perceived inadequacies in combating corruption within the country
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