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Bullish investors lift risk-sensitive currencies as Omicron fears fade A US one dollar banknote is seen in this illustration taken November 23, 2021. (Reuters photo)
Bullish investors left the dollar near a one-week low and lifted riskier currencies such as the Australian dollar and British pound on Thursday, as fears about the fallout from Omicron were sidelined.
The... |
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UK energy bills to rise even higher as suppliers warn of nationwide crisis A gas cooker (Reuters photo)
The new year could see further increases to energy bills in the United Kingdom, providers have warned.
Speaking to the Financial Times, several providers including Good Energy, EDF and the trade body Energy UK called on the government to intervene as a matter of urgency.
The... |
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Oil prices rally on inventory drawdown, though Omicron caution lingers Working oil pumps against a sunset sky. (Getty Images)
Oil prices increased on Wednesday over worries about tight supply and a drawdown in US inventories, in spite of concerns about the possible hit to economic activity from the spread of the Omicron coronavirus variant.
US inventories went down more... |
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US opens investigation into 580,000 Tesla vehicles US auto safety regulators said Wednesday they have opened a formal safety investigation into 580,000 Tesla vehicles sold since 2017 over the automakers decision to allow games to be played on the front center touchscreen.
The National Highway Traffic Safety Administration (NHTSA) said its preliminary... |
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Iran agrees to tea for oil debt barter with Sri Lanka Photo shows Irans deputy trade minister Alireza Peymanpak (L) while signing a contract on bartering tea for oil debt with Sri Lankas Minister of Plantation Ramesh Pathirana in Colombo on December 21, 2021.
Iran has agreed to import tea from Sri Lanka to settle an old debt owed by the country for imports... |
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EU court rules in Irans favor, Reuters tells the opposite Reuters news agency claims ECJ has authorized decisions by EU companies to terminate Iran contracts.
The Reuters news agency has misinterpreted a new legal advice issued by the European Court of Justice (ECJ) claiming that the judgment allows EU companies to terminate contracts with Iran to prevent... |
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Boss of major crypto exchange sued over alleged fraud © Getty Images / MF3d
Blockchain accelerator MouseBelt Labs has filed a complaint in a California court, accusing the CEO of crypto exchange Coinbase, Brian Armstrong, of stealing its work for one of his projects.
According to the complaint, in June 2019 Armstrong offered financial backing to... |
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Musk blasts California tax as he dumps more stock © Getty Images / picture alliance
Tesla CEO Elon Musk has unloaded another half a billion dollars worth of his companys shares on Tuesday, bringing the total to some 80% of what he had planned to sell to pay taxes.
According to regulatory filings, the billionaire has sold around 13.5 million... |
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Japanese forced to downsize on french fries © Getty Images / Duaa Awchi / EyeEm
Japans branch of the globes largest fast food chain McDonalds has run short on french fries amid delays in potato shipments. It has been forced to cut portions of its number-one dish.
"McDonalds Japan will temporarily limit sales of medium- and large-sized... |
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EUs top court allows European firms to scrap Iran deals The European Court of Justice (ECJ) in Luxembourg has ruled that EU companies can end contracts with Iranian firms if they face "disproportionate economic loss" as a result of US sanctions.
The EUs supreme court has intervened to protect European companies against legal action by Iran for failing... |
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UK economy recovery slows before Omicron: Data People look out to the City of London financial district from a viewing platform in London, Britain, October 22, 2021. (Reuters photo)
Britains economic recovery from pandemic fallout slowed more sharply than previously thought in the third quarter even before the arrival of the Omicron variant,... |
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Canada announces $56 million in humanitarian aid to Afghanistan Canadas Minister of International Development Harijit Singh Sajjan that his country will provide the people of Afghanistan with $56 million in humanitarian aids in 2022.
Sajjan made the announcement on Tuesday, December 21.
The Canadian Minister said that millions of people are in dire need of humanitarian... |
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Suspension of Russian gas transit to Germany purely commercial decision Kremlin © Getty Images / onurdongel
The stopping of Russian gas supplies to Germany via the Yamal-Europe network is not political or related to the wait for certification of the controversial Nord Stream 2 pipeline, the Kremlin said on Tuesday.
The previous day, it was reported that state-owned giant... |
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Gazprom halts gas transit to Germany via Yamal pipeline FILE PHOTO: A worker turns a valve at a gas compressor station at the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk. © Reuters / Vasily Fedosenko (BELARUS)
Deliveries of Russian natural gas to Germany through the Yamal-Europe pipeline have been completely halted,... |
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Iran and India agree to increase freight traffic through Chabahar: Minister Irans transportation minister says India has agreed to increase its freight transit through Chabahar.
India has agreed to increase its freight transit through Iran to help more traffic pass through the strategic port of Chabahar, according to the Iranian transportation minister Rostam Qassemi.
"We... |
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South Korea seriously harmed by Iran sanctions: Envoy South Koreas ambassador to Iran Yun Kang-hyeon is seen in this photo while speaking in an interview with Irans ILNA news agency.
South Koreas ambassador to Iran says the country has suffered badly from more than three years of US sanctions on Iran as he insists that Seoul has been working hard... |
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Gas production from South Pars phase 11 to start next October: Iran Irans state petroleum company says production from South Pars phase 11 will start next October.
Iran plans to bring on line the last remaining phase of the giant South Pars gas field next year some five years after foreign contractors pulled out of the project under American pressure.
CEO of the... |
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Turkish companies and traders to invest in Afghanistan: officials Turkish companies and traders will invest in Afghanistan in the near future, said Zabihullah Mujahid, deputy minister of information and culture and spokesman for the Islamic Emirate of Afghanistan in a tweet.
According to Mujahid, Turkish foreign minister Mevlüt Çavuşoğlu said... |
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Musk reveals how much tax hell pay in 2021 FILE PHOTO: Tesla CEO Elon Musk © REUTERS/Shannon Stapleton
Tesla CEO Elon Musk has attempted to set the record straight about how much he owes the US government in taxes after claiming he would pay more towards the US budget this year than any other American in history.
"For those wondering,... |
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France risks losing 30% of auto jobs in shift to EVs © AFP / Martin BUREAU
New research by consulting firm AlixPartners shows that the French automotive industry could lose as many as 52,000 jobs by the end of the decade due to the accelerating transition to electric vehicles.
According to the report, commissioned by the French car lobby La Platforme... |
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UK experiencing highest inflation rate in a decade amid pandemic Heartbreaking scenes show dozens of people waiting patiently in the rain for food parcels over Christmas. (Fars News)
The coronavirus pandemic has been blamed for disrupting supply chains and affecting energy prices worldwide. But in the case of the UK, with the post Brexit challenges it faces, there... |
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Scores of workers arrested for protesting food poisoning at Indias Apple plant This picture purportedly taken on Dec.18, 2021, shows protesters blocking a key Chennai-Bengaluru highway for several hours in protest to a food-poisoning incident at a unit manufacturing American Apple iPhones in India. (Photo screenshot: courtesy of Twitter)
Indian police have arrested scores of... |
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EU inflation surges to 30-yr high as ECB plans less bond-buying File photo of ECB President Christine Lagarde
Amid a record 4.9 percent surge of annual consumer inflation in 19 EU countries last month, the European Central Bank (ECB) has declared plans to scale back its crisis bond-buying but ruled out raising interest rates next year.
The announcement, which... |
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Turkish stock market halts trading as lira crashes © Global Look Press / Abdurrahman Antakyali
The Turkish stock exchange suspended trading after the national currency fell below 17 lira per US dollar on Friday. The lira has lost more than half of its value against the US dollar since the beginning of 2021.
"As of 16.24 (Istanbul time) transactions... |
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Germany reveals long delay for Russian gas pipeline certification FILE PHOTO: Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany, September 10, 2020. © REUTERS / Hannibal Hanschke
The German Federal Network Agency, the Bundesnetzagentur, will not make a decision on the controversial Nord Stream 2... |
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Afghan currency strengthens slightly overnight against US dollar Afghan currency has stopped its steep drop against the dollar, which severely affected food prices across the country.
On Wednesday, one US dollar was exchanged for 102 Afs. On Tuesday money exchangers said a US dollar was traded for around 123 Afs, and in some cases 130Afs. Today, one US dollar is... |
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UK inflation spikes to decade-high on eve of BoE rate call Shoppers look at bread in a Sainsburys supermarket, amid the coronavirus disease (COVID-19) outbreak, in London, Britain January 12, 2021. (Reuters photo)
British inflation has rocketed to its highest level for more than 10 years on broad-based price gains, data showed on Wednesday, sparking fears... |
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Senator urges reform to tax freeloader Musk, he bites back File photo: Tesla CEO Elon Musk gestures during a tour of a factory in Germany, August 13, 2021. © Patrick Pleul/Pool via Reuters
Elon Musk dubbed Senator Elizabeth Warren (D-Massachusetts) a "Karen" for calling him a freeloader as part of her ongoing war against the "rigged" US tax laws, after... |
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US Senate advances toward raising debt limit to $31.4 trillion The US Capitol building is seen in Washington, US, December 6, 2021. (Photo by Reuters)
The US Senate moved toward a vote on Tuesday to raise the federal governments debt limit by $2.5 trillion to about $31.4 trillion and forward the measure to the House of Representatives to avoid an unprecedented... |
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Nearly one-third of Americans skipped care in past three months due to costs Poverty-stricken Americans stand in line to get food handed out as charity at the La Colaborativa Food Pantry in Chelsea, Massachusetts on November 23, 2021. (Photo by AFP)
A third of Americans have been forced to avoid necessary medical treatments due to the dire economic situation in the country,... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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