Asia-Pacific Economic Cooperation

The annual increase in industrial production picked up sharply from 1.3 percent in January to 11.5 percent in February, data from the Turkish Statistical Institute (TÜİK) have shown.

In the same month of last year, the country's industrial output slumped 8.8 percent year-on-year.

The value of the retail trade turnover in Cyprus last year recorded a substantial increase of 8.9%, while the volume of retail trade turnover saw growth of 5.8%.

The retail sales volume at constant prices rose by 12.8 percent in November from a year ago, with the pace of year-on-year increase slowing from 13.4 percent in the previous month, according to the official data.

President Joe Biden is gearing up for a pivotal engagement with Chinese President Xi Jinping, emphasizing the pivotal goal of reestablishing normalized and consistent communication channels between the United States and China.

The presidents of the United States of America and China, Joseph Biden and Xi Jinping, will meet today at the Filoli estate, 30 miles south of San Francisco, where they will discuss bilateral and global issues for about four hours, sources familiar with the plan of the meeting told the Voice of America (VOA).

The United States and China are the two global economic heavyweights. Combined, they produce more than 40 percent of the world's goods and services.

So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too.

U.S. President Joe Biden and Chinese President Xi Jinping will hold their first meeting in nearly a year next week on the sidelines of the APEC summit in San Francisco, officials from the rival superpowers said Friday.

Türkiye's exports increased by 4.4 percent in March from a year ago to 23.6 billion, data from the Turkish Statistical Institute (TÜİK) have shown.

Imports rose 3.4 percent on an annual basis to $31.9 billion. Consequently, the country's foreign trade deficit amounted to $8.3 billion, marking a limited 0.9 percent increase compared with March last year.

Large enterprises that employ up to 250 people accounted for 41.6 percent of exports, while their share in imports was 61.4 percent in 2021, according to data from the Turkish Statistical Institute (TÜİK).

According to statistics, the price of energy for producers in Bulgaria increased by almost 80% in December last year.