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India to ban almost all private cryptocurrencies including Bitcoin in new clampdown The new crypto bill will create a new digital currency but ban all but a few private cryptocurrencies. - Copyright Canva
By Euronews, AFP and Reuters • Updated: 23/11/2021 - 16:36
India is on track to ban all but a few private cryptocurrencies after the government announced on Tuesday... |
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Biden orders US strategic oil reserves released FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US, April 21, 2020. © Reuters / Drone Base
US President Joe Biden has ordered the release of 50 million barrels of crude from the countrys emergency stockpile to battle rising gasoline... |
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Iran, Georgia mull corridor linking Persian Gulf to Black Sea Linking the Persian Gulf in the south to the Caspian Sea in the north is the key plank of connectivity programs being sought by Iran.
Iran and Georgia have discussed problems of Iranian transit trucks and agreed to accelerate the finalization of a corridor linking the Persian Gulf to the Black Sea,... |
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Restaurant chain invests all profits in bitcoin and makes a fortune A family-based restaurant chain in Canada has more than quadrupled its gains by investing all profits in bitcoin, which helped keep the firm afloat during the Covid-19 pandemic and allowed it to expand.
Quick-service restaurant chain Tahinis, based in London, Ontario, which serves Middle Eastern... |
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Nord Stream 2: US announces fresh sanctions on Russia-Germany gas pipeline Pipe-laying vessel Akademik Cherskiy owned by Gazprom, which Russia has selected to use to complete construction of the Nord Stream 2 gas pipeline, is seen in a bay near the Baltic Sea port of Baltiysk, Kaliningrad region, Russia May 3, 2020. (Photo by Reuters)
The US government has slapped fresh... |
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IEA says 698 tons of dried fruits exported in last two weeks The Islamic Emirate of Afghanistan (IEA) has announced that 698 metric tons of dried fruit have been exported from Afghanistan in the last two weeks.
Ahmadullah Wasiq, the IEAs deputy spokesman, tweeted Monday that the dried fruit had been exported to Europe, Asia, the United States and Australia.
According... |
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UN warns of colossal collapse of Afghan banking system The United Nations on Monday pushed for urgent action to prop up Afghanistans banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.
In a three-page report on Afghanistans banking and financial... |
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IMF to revive $6 billion Pakistan funding program The International Monetary Fund (IMF) said on Monday it has reached an agreement with Pakistan that will help revive a stalled $6 billion funding program for the South Asian country, which faces growing economic challenges.
"The Pakistani authorities and IMF staff have reached a staff-level agreement... |
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Russian fleet en route to US to help battle fuel crisis Oil tankers at the loading terminal of the Sheskharis transshipment complex in Novorossiysk, Russia. © Sputnik / Vitaly Timkiv
The US is reportedly getting ready to receive a bulk shipment of diesel from energy-rich Russia as Washington strives to cool down the fuels retail price, which has recently... |
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Biden administration reviewing punitive trade tariffs on China: Clinton Former United States secretary of state Hillary Clinton speaking via video link at the Bloomberg New Economy Forum on Nov 19, 2021. (Photo by Bloomberg)
Former US Secretary of State Hillary Clinton says Washington is in the process of reviewing the punitive trade tariffs imposed on Beijing by the... |
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Shipping rate surge threatens global economy recovery: UNCTAD Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, US, April 7, 2021. (Reuters photo)
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent... |
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US homebuilding drops, construction backlog surges as shortages worsen Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, US June 3, 2021. (Reuters photo)
Construction of new homes in the United States tumbled in October as activity remains constrained by shortages of materials as well as... |
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Amazon to stop accepting UK-issued Visa credit cards A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. (Reuters photo)
Amazon.com Inc. has announced it would stop accepting payments made with UK-issued Visa credit cards in January.
The e-commerce giant announced the decision in an email to users... |
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Iran to build 5,000 MW of coal-fired power capacity Tabas is the first coal-fired power plant built by Iranian experts.
Iran has to build 5,000 megawatts of coal-fired power capacity in the coming years due to limitations of gas supplies to power plants in cold seasons and the need to diversify the fuel basket of thermal power generation units, a senior... |
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UK inflation soars to near decade-high on energy bills People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021.
British inflation spiked close to a decade-high in October partly on higher energy bills and resurgent post-lockdown... |
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Crypto market dives over Chinas move on digital assets © Global Look Press / Siegra Asmoel
Bitcoin and other cryptocurrencies tanked on Tuesday, retreating from near-record highs, amid tightening of regulations on digital assets.
Top crypto bitcoin dropped almost 8% toward $60,000 during late morning trade, according to CoinDesk data. It recovered... |
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Japans economy shrinks faster than expected on weak consumption, exports Japans preliminary gross domestic product (GDP) data on Monday, showed the worlds third-largest economy shrank an annualised 3.0% in July-September. . (Photo by AFP)
Japans economy has continued to slide in the third quarter of 2021 with global supply disruptions hitting exports and coronavirus... |
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China overtakes US in global wealth race FILE PHOTO. © Reuters / Dado Ruvic
China has overtaken the US as the nation which has amassed the biggest net worth as global wealth surges, a fresh report by McKinsey & Co suggests.
Chinas wealth skyrocketed over the past two decades, the consulting company said according to Bloomberg,... |
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US workers quitting reaches record high, job openings edge down A job posting is shown on the window of a retail store looking for seasonal workers at a shopping mall in Carlsbad, California, US, November, 9, 2021. (Reuters photo)
The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above... |
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UK house prices soar again, fueled by dearth of sellers: RICS Construction workers build a new house in Aylesbury, Britain August 6, 2020. (Reuters photo)
House price inflation in Britain picked up last month, propelled by a shortage of sellers that suggested further price rises lie ahead, a closely watched survey showed on Thursday.
The Royal Institution of... |
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US food banks struggle to feed hungry amid surging prices A volunteer packs onions in the warehouse of the Alameda County Community Food Bank in Oakland, Calif., on Nov. 5, 2021.
US food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge - surging food prices and supply chain issues walloping the... |
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IMF Blocks Afghanistans Access to Emergency Reserves The International Monetary Fund has suspended Afghanistans access to IMF resources, including around $440 million in new monetary reserves, due to a lack of clarity over the countrys government after the Taliban took control of Kabul, Reuters reported on Thursday.
The IMFs announcement came amid... |
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Economic espionage The Israeli firm NSO is grappling with the fallout of a vast electronic espionage scandal. It turns out that it spied on many politicians, media personnel and business executives, without their knowledge. Not surprisingly, many people are angry. In this edition of Economic Divide, we will look at the... |
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US calls on OPEC and its allies to pump more oil In this file photo pump jacks operate near Loco Hills on April 23, 2020 in Eddy County, New Mexico. (AFP photo)
US President Joe Bidens top aides are pressuring OPEC and its allies to boost oil output to tackle rising gasoline prices that they see as a threat to global economic recovery.
Bidens national... |
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Production not affected after fire at Iranian petrochemical plant This file photo shows a view of the Kharg Petrochemical Complex in the Persian Gulf.
There were no casualties from a fire that broke out at a storage tank in a petrochemicals plant on Irans Persian Gulf island of Kharg on Tuesday, the companys spokesman says.
According to the Iranian Ministry of... |
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Taliban collecting 200 million AFN daily from captured border posts Some members of Afghanistans Wolesi Jirga (Lower House of Parliament) said on Sunday that more than 60% of customs revenue is now being collected by the Taliban after they captured border crossings.
MPs said this amounts to about 200 million AFN a day.
The financial and budget commission of the... |
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UK petrol prices hit eight-year high, with more rises expected Drivers queue for petrol at a service station in Boroughbridge, northern England, June 13, 2008. (Reuters photo)
British motorists are being hit in the pocket as petrol prices reach an eight-year high following nine successive months of spikes, according to latest RAC figures.
The increases in petrol... |
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US renews sanctions waiver for Iraq to import Iranian energy Washington extends Iraq sanction waiver so the country can continue to import energy from Iran.
The United States has allowed Iraq to continue to import gas and electricity from Iran until the start of December as part of Washingtons temporary waivers from sanctions imposed on Iran since 2018.
An... |
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Anti-corruption efforts need to be stepped up: UN report Stepping up ongoing efforts to address corruption in Afghanistan remains critical, the UN said Wednesday in a new report.
UNAMAs fifth annual anti-corruption report, titled "Afghanistans Fight against Corruption: Stepping up integrity, transparency and accountability," finds that Afghanistan has... |
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UK government failing to reshore jobs from overseas: Labour The City of London financial district is seen with office skyscrapers commonly known as Cheesegrater, Gherkin and Walkie Talkie seen in London, Britain, January 25, 2018. (Reuters photo)
The British government has been sharply criticized by Labour over its failure to help businesses "reshore"... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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