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Asian, European markets sink after US Fed warning of uncertain outlook Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. (AP photo)
Asian and European markets dropped on Thursday following a warning by the US Federal Reserve of "uncertain" outlook for the American economy badly... |
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WTO finds US in breach of trade rules with tariffs on China The file photo shows the logo of the World Trade Organization (WTO) at its headquarters in Geneva, Switzerland. (By AFP)
The World Trade Organization (WTO) has declared that the United States breached international trade rules by imposing multibillion-dollar tariffs on China.
In a 66-page report on... |
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Korea pledges $1m to help Afghanistan tackle pandemic The South Korean embassy in Kabul signed a US$1 million grant with the World Health Organization (WHO) this week to assist in efforts to fight the COVID-19 pandemic in Afghanistan.
According to WHO, the organization will receive funding to implement the "Strengthening access to quality health care... |
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Pakistans exports to Afghanistan drop by 43.6% in July Pakistans exports of goods and services to Afghanistan dropped by 43.61 percent in July against the same period last year, the State Bank of Pakistan (SBP) reported.
According to Pakistans The Nation, exports totaled $61.25 million this July against exports to the value of $108.64 last year.
Imported... |
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IMF chief warns global economic crisis far from over IMF chief Kristalina Georgieva (File photo)
IMF chief Kristalina Georgieva has warned that a full recovery for the global economy is "unlikely" without a vaccine for the coronavirus.
In a column co-authored with IMF chief economist Gita Gopinath, Georgieva warned that the crisis might cause further... |
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Iran divesting worlds largest gas condensate refinery File photo shows a view to installations in the Persian Gulf Star Refinery located in the southern Iranian province of Hormozgan.
The Iranian government will soon divest parts of its shares in the Persian Gulf Star Oil Company (PGSCO) which runs the worlds largest refinery working on natural gas condensate.
The... |
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Owners of cargoes carrying Iranian fuel challenge US loot in court The US government has said it seized 1.116 million barrels of fuel because it was bound for Venezuela.
The owners of four cargoes carrying Iranian fuel that was looted in high seas by the United States last month have mounted a legal challenge to reclaim them, a report says.
The US government has said... |
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Afghan Saffron Yield Up 10%: Ministry According to estimates by the Ministry of Agriculture, Irrigation and Livestock (MAIL), 24 metric tons of saffron will be produced in the country this year.
A ministry spokesman says that information gathered from across the country shows that saffron yields are rising.
"Saffron production in Afghanistan... |
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Irans IKCO develops panoramic roof for popular French model Irans IKCO is offering its French model Peugeot 207 with a panoramic roof.
Irans largest car manufacturer the IKCO is launching a new version of its popular French model Peugeot 207 with a panoramic roof.
Ahmad Aqajani, a project contractor working for the Iran Khodro Company, said on Tuesday that... |
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Trump threatens to decouple US economy from China US President Donald Trump arrives to speak at the 2020 Council for National Policy meeting in Arlington, Virginia, US, August 21, 2020. (Photo by Reuters)
President Donald Trump has threatened to "decouple" the US economy from China, while Beijing is trying to use the upcoming trade talks with Washington... |
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Turkey announces discovery of large natural gas reserve in Black Sea This file photo, taken in Istanbul, Turkey, on August 23, 2019, shows the Turkish Oruc Reis seismic research vessel docked at port. (By AFP)
Turkey has announced the discovery of a large natural gas reserve off its Black Sea coast, which could ease the countrys dependence on energy imports.
Turkish... |
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US Fed officials expect virus will weigh heavily on economy US Federal Reserve Chairman Jerome Powell (File photo)
US Federal Reserve officials had expressed concern at their latest meeting over the future of the countrys economy amid the coronavirus pandemic, according to the minutes of the session.
In the Federal Open Market Committees meeting held in late... |
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Blow-Up Event Could Crush US Dollar as Multi-Trillion Debt Mounts, Ex-IMF Deputy Head Warns The US Congress is currently mulling a new round of support for the American economy during the pandemic, that cost would at least $1 trillion if agreed by the Democratic-led House of Representatives and Republican-led Senate. However, such a fiscal stimulus may also create additional risks for the American... |
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US Pledges $36.7M for COVID-19 Response in Afghanistan The United States has allocated more than $36.7 million to help the people of Afghanistan respond to the COVID-19 pandemic, and expedited $90 million in continued development assistance through the World Bank to support Afghanistans national health and education sectors and local government needs, the... |
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Proposed union deal with BA involves cuts of at least 270 jobs and 20% in pay Jose Marti International Airport, in Havana on 18 March 2020. / AFP / YAMIL LAGE
British Airways pilots are to vote on a deal struck between the BALPA union and airline management that would involve at least 270 losing their jobs and the rest taking pay cuts of up to 20%.
BALPA said it was "hugely... |
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Face masks compulsory in shops in England from Friday A woman, wearing a protective facemask. July 4, 2020, (AFP)
Face masks will be mandatory in shops and supermarkets across England as of Friday, individuals will have to cover their mouths and noses when entering sandwich shops or takeaways according to the governments guidance.
Face coverings, as... |
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US on collision course with a double-dip recession: Leading economist Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City. (AFP photo)
The United States is on a collision course with a double-dip recession as V-shaped recovery mania on Wall Street is leading investors astray, a prominent economist... |
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US oil regulator targets Saudi, Russia over excessive crude dump on US markets The US Interstate Oil and Gas Compact Commission (IOGCC) has passed a resolution to investigate dumping of crude on US markets by Saudi Arabia and Russia.
The effort was initiated by Railroad Commission Chairman Wayne Christian, a Republican from Texas, demanding that the government investigate excessive... |
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South Korea enters recession as exports plunge by most since 1963 A view of a container port at Busan, South Korea taken on June 10, 2020. (Getty Images)
South Korea slipped into a recession in the second quarter in its worst economic decline in over two decades as exports plunged due to the coronavirus pandemic.
As social distancing curbs paralyzed factories in... |
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Afghan exports arrive in India after borders reopen Fourteen trucks loaded with dried fruit and other goods from Afghanistan have arrived in India after the reopening of the Attari-Wagah border in Punjab, Indian officials confirmed Wednesday night.
According to The Hindu, the goods, valued at about US$670,000, will help the local market regain some... |
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Iran to launch special trade office in China: Businessman Iran is to set up a special office in China to streamline trade activities with the East Asian country.
A senior businessman says major Iranian companies are teaming up to create a trade office in China amid growing economic relations between the two countries.
Gholamhossein Jamili, a board member... |
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EU summit: Leaders reach landmark 1.82 trillion COVID-19 recovery deal and budget EU leaders reached a landmark €1.82 trillion COVID-19 recovery package early Tuesday morning.
It comes after days of sometimes bitter discussions over the seven year budget and recovery package which includes jointly borrowing a €750 billion recovery fund to be shared as grants and loans.
Speaking... |
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Virus-hit UK economy slumps almost 20% in lockdown Ground markings are seen at the mock border of the United Kingdom and the European Union during the reopening of the Mini-Europe theme park of small-scale models of European capitals and their landmarks, in Brussels on May 20, 2020. (Photo by AFP)
Britains coronavirus-ravaged economy slumped almost... |
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India fully removed from Iranian railway project: Report A report says Iran has dropped India from a key railway project located southeast of the country.
An Indian newspaper says Iran has decided to remove India from a partnership on a key railway project that is being constructed southeast of Iran along the border with Pakistan and Afghanistan.
The Hindu... |
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Fire contained at Iranian petrochemical complex: Official A fire caused by technical faults at an Iranian petchem complex has been brought under control.
Iranian officials say a fire that caused a short halt to production at a major petrochemical plant located southwest of the country has been fully contained.
A spokesman of the Shahid Tondgooyan Pterochemicals... |
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Russia forex reserves surge by over $50bn y/y in July: Report File photo shows a view to the headquarters of the Central Bank of Russia in Moscow.
Russia has increased its international funds by more than $50 billion in the year ending July 1, shows a report.
The Central Bank of Russia (CBR) said on Saturday that its total foreign currency holdings had reached... |
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Iran slams flurry of disinformation about potential China deal Irans President Hassan Rouhani, left, shakes hands with his Chinese counterpart Xi Jinping at the fourth Conference on Interaction and Confidence Building Measures in Asia summit in Shanghai, May 21, 2014. (Photo by Reuters)
A senior Iranian foreign ministry official has slammed a "disinformation"... |
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US imposes retaliatory 25 percent tariffs on French goods US President Donald Trump, with US Secretary of the Treasury Steven Mnuchin, speaks to the press in the Brady Briefing Room of the White House in Washington, DC, on July 2, 2020. (AFP photo)
The United States has decided to impose additional tariffs on some French goods in response to France’s... |
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World Bank Pledges $200M to Protect Afghan Businesses The World Bank Board on Friday approved a $200 million grant to help Afghanistan mitigate the impact of COVID-19 and provide relief to vulnerable people and businesses, the bank said in a statement.
The Afghanistan COVID-19 Response Development Policy Grant comprises $100 million from the International... |
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Dollar gives ground to higher-risk currencies as Chinese shares soar The US dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the US currency.
Chinas yuan rose to a four-month high against the dollar, extending recent gains as investors of all stripes increased positions... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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