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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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US federal deficit soars to record $2.7 trillion amid pandemic: CBO The Congressional Budget Office (Photo via The Washington Post)
The US governments budget deficit hit a record $2.7 trillion in the first nine months of the fiscal year, almost double the largest full-year deficit on record, according to Congressional Budget Office (CBO) estimates.
In June alone,... |
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United Airlines says could lay off as many as 36,000 employees United Airlines planes sit parked on a runway at Denver International Airport as the coronavirus pandemic slows air travel on April 22, 2020 in Denver, Colorado. (AFP photo)
United Airlines has warned it could lay off as many as 36,000 workers on October 1 as the US carrier fights for survival amid... |
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70 affected by gas leak at Iranian petrochemical complex: Spokesman File photo shows a view to Karoon Petrochemical Complex, located in the Persian Gulf port of Imam Khomeini inn southern Iran.
More than 70 staff members of an Iranian petrochemical plant have been briefly hospitalized after inhaling chlorine that leaked from a storage tank in the facility.
A spokesman... |
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Khalilzad Discusses Development Plans With Qataris, Taliban Zalmay Khalilzad, US Special Representative for Afghanistan Reconciliation, along with seeking an immediate start of the intra-Afghan negotiations, held meetings over the past week focused on economic plans for a peaceful Afghanistan with Qatari development groups.
In this trip, he was accompanied... |
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UK plan to invest in US satellite operator OneWeb nonsensical: UK experts An American operator OneWeb satellite (Getty Images)
The British governments plan to invest hundreds of millions of pounds in US satellite operator OneWeb is "nonsensical," experts say, arguing the company does not even make the right type of satellite the UK needs after Brexit.
The decision to invest... |
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Pandemic could hit drug markets as in 2008 crisis: UN warns The new coronavirus pandemic could hit drug markets just as the 2008 economic crisis did, exacerbating the risks for users, the UN drugs and crime agency warned Thursday.
In its 2020 World Drug Report, the agency predicted an overall increase in drug use due to the pandemic, with a shift towards consuming... |
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More US layoffs as weak demand persists after businesses reopened In this file photo Americans wait to receive food bank donations at the Barclays Center in the Brooklyn borough in New York City, on May 15, 2020. The ranks of US workers laid off at least temporarily by the coronavirus pandemic exceeded 42 million. (Photo by AFP)
Weak demand is forcing US employers... |
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Confcommercio estimates Italys GDP down by 17% in 2nd quarter Italys largest retailers association Confcommercio released the outcome of a study about the impact of the COVID-19 crisis on the countrys economy.
The first fact that emerges from the study is that Italy will suffer the pandemics negative consequences for months to come.
Confcommercio estimates... |
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China, Russia see US bullying as IAEA adopts anti-Iran resolution Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), opens a virtual meeting of the Board of Governors of the IAEA , due to coronavirus safety related measures, at the agencys headquarters in Vienna, Austria, on June 15, 2020. (Photo by AFP)
China and Russia have rebuked... |
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Trump renews threat to cut ties with China US President Donald Trump (L) and Chinese President Xi Jinping (File photo)
US President Donald Trump has renewed his threat to sever relations with China, saying Washington could pursue a "complete decoupling from" Beijing.
His threat on Thursday came a day after US Trade Representative Robert Lighthizer... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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