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Global economy to top $100 trillion in 2022 FILE PHOTO: Pedestrians wearing protective masks make their way during commuting hour at a business district in Tokyo, Japan, January 7, 2021. © Reuters / Kim Kyung-Hoon
Global economic output will surpass $100 trillion for the first time in history next year despite the lingering effects of the... |
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Employers struggle to retain workers amidst Great Resignation in US This picture taken on May 03, 2020, shows a woman selling bread at the West LA Farmers Market in Santa Monica, California. (Photo by AFP)
US employers are struggling to retain their workers amidst a "Great Resignation" phenomenon in the country.
US media cited data suggesting that more and more... |
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Iranian banks loans to firms up 59% in March-Nov.: CBI Iranian banks paid nearly $57.8 billion in loans to firms between March and November.
Figures by the Central Bank of Iran (CBI) show that banks in the country paid nearly 60% more loans to businesses and companies between March and November as part of efforts in the country to help the economy recover... |
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Putin hits out at plans to block Nord Stream 2 FILE PHOTO: The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia. © Reuters / Maxim Shemetov
Russian President Vladimir Putin had choice words for those who are working to delay the operation of the Nord Stream 2 gas... |
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US Senate Democrats plan to back version of billionaire tax scheme US Senator Joe Manchin (D-WV) arrives before US President Joe Biden takes part in a signing ceremony at the White House in Washington, DC on November 15, 2021. (Photo by AFP)
US Senate Democrats have announced their intention to back a version of a billionaire tax scheme proposed by the White House.
The... |
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Apple workers organize Christmas Eve walkout to demand better working conditions File photo shows an Apple store
Apple corporate and retail workers in the United States have launched a Christmas Eve walkout, demanding better working conditions.
The walkout has been organized by Apple Together, a group of company employees that previously used the #AppleToo hashtag to shed light... |
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British economy limps toward end of fiscal year In January 2020, a little less than 2 years ago, the UK officially left the European Union. The umbilical cord was finally severed, and it was time for the government to make good on its Brexit pledges.
What most people are saying is that the government has not made good on its arrangements for exiting... |
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Irans exports to Russia exceed $1 billion for first time The national flags of Russia and Iran (from L)
An Iranian journalist and social media activist says the countrys exports to Russia have surpassed $1 billion for the first time.
In a post on his Twitter account on Friday, Abdolrahim Ansari said that it has become possible for Iran and Russia to use... |
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UN considering $8 billion for Afghanistans economy in 2022 Officials of the United Nations have said that they are busy considering the resumption of the economy of Afghanistan and for that, the UN will allocate a package of $8 billion.
The amount of money that is supposed to be given to Afghanistan in 2022 will be spent to deliver various services in the... |
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Illegal Mining Will Be Severely Punished: Taliban The Islamic Emirate on Thursday warned that it would punish individuals who illegally extract resources from mines for sale in foreign countries.
Acting Minister of Mines and Petroleum Shahabuddin Delawar said there are reports about the illegal extraction from mines in several parts of the country.
"If... |
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Germany reveals Nord Stream 2 plan Annalena Baerbock and German Chancellor Olaf Scholz attend a final televised debate on September 23, 2021 in Berlin. © Tobias Schwarz / AFP
The Russian-backed Nord Stream 2 pipeline should proceed according to European Union law, Berlins foreign minister has said.
Germanys new top diplomat,... |
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Major blaze after explosion at ExxonMobil plant (PHOTOS, VIDEO) Residents of Baytown, Texas, had a rough night after their homes were shaken by a massive blast at an ExxonMobil refinery early on Thursday. The explosion caused a major fire and left at least four people injured.
Locals reported that their houses were "shaking" from the blast and their entire apartments... |
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Iran launches its first solar cell plant with 150 MW of capacity Photo shows a view to equipment at Mana Energy Pak (MEP Cell), the first solar cell plant in Iran that was launched in the central city of Khomein on December 23, 2021.
A first solar cell factory has been launched in Iran amid government efforts to significantly increase the share of renewable in... |
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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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