Economy

US broadcaster PBS to slash budget by 21% after federal funding cuts
PBS board approves major budget, dues cuts following $1B reduction in public broadcasting funds
US broadcaster PBS to slash budget by 21% after federal funding cuts
PBS board approves major budget, dues cuts following $1B reduction in public broadcasting funds

Leaving Musk's xAI, co-founder Babuschkin forges ahead with new venture firm
In order to fund AI safety research and invest in firms that develop 'AI and agentic systems that advance humanity and unlock the mysteries of our universe,' Igor Babuschkin announces founding of his own firm

Cryptocurrencies rally on below-estimates US inflation
Bitcoin breaks record at $124K, while Ethereum enjoys 10% hike, led by estimates that Fed may cut rates in September

Crypto platform BtcTurk says 'all security measures taken' after claims of $30M hacking
'As a precautionary measure, cryptocurrency deposits and withdrawals have been temporarily suspended,' BtcTurk says

Türkiye’s low-cost airline to begin flights from Ankara to Madrid, Barcelona
1st flights to be operated on October 23-24 from Ankara's Esenboga Airport

Türkiye’s international reserves hit all-time high
As of Aug. 8, international reserves reach record high of $174.4B