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European support for Israel damaging energy security on the continent, report says The Al-Ahmadi oil complex, south of Kuwait (Photo by AFP)
The European support for the Israeli genocide in Gaza, and the subsequent UK-US attacks against Yemen, have significantly impacted the European imports of refined petroleum products in the first half of January, damaging the energy security for... |
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US needs to lift sanctions on Irans oil for JCPOA to resume: UN chief Secretary-General of the United Nations, António Guterres
UN Secretary-General António Guterres has urged the United States to lift or waive its sanctions against Irans oil sector to resume the US-abandoned Iran nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA).
UN... |
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Shipping giants suspend journeys through Red Sea as Saudis voice concern Maersk stops journeys through the Red Sea. (File image by Maersk)
Two major international shipping lines have suspended the transit of goods through the Red Sea as Saudis voice concern over the escalation of conflict in the Middle East.
Danish giant Maersk and German carrier Hapag-Lloyd temporarily... |
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WFP launches emergency program to assist 600,000 Palestinians A WFP worker is seen in the besieged Gaza Strip.
The World Food Program (WFP) says it has launched an emergency action plan to provide critical food aid for a further 600,000 Palestinians in the besieged Gaza Strip and the occupied West Bank.
The agency is appealing for $17.3 million in the next four... |
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US bans trade with 42 Chinese firms The US Department of Commerce building
The United States has banned trade with 42 more Chinese companies over military support for Russia. Beijing decries the move as "a typical act of economic coercion and unilateral bullying."
The US Commerce Department said in a statement on Friday that the companies... |
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Sanctions made Russias economy stronger: Putin Russian rouble banknotes and coins are paid by a customer to a vendor at a market in Omsk, Russia. (File photo by Reuters)
Russias President Vladimir Putin has said that the resourceful Russian economy not only withstood the Western sanctions, but also became stronger in the process.
"In general,... |
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Germanys economy headed for recession amid support for Ukraine A shopping street in the German city of Stralsund
Germanys economy tipped into recession in the beginning of the year and stagnated in the second quarter. Many blame the circumstances on the governments aid to Ukraine for the war with Russia.
According to the latest figures from federal statistics... |
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Saudi Arabia faces budget deficit after expectations of surplus The photo shows a general view of the Saudi capital city of Riyadh on February 20, 2022. (By Reuters)
Saudi Arabia is expecting to post a budget deficit up to 2026 despite earlier predictions of a surplus as the worlds biggest crude exporter is undergoing reforms to diversify its economy beyond oil... |
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Billionaire investor Ray Dalio says Americas growth is at risk of falling to zero US billionaire investor Ray Dalio said Americas growth is at risk of falling to zero. (Photo by Getty Images)
American billionaire investor Ray Dalio has issued a dire warning about the "risky" situation of the US economy, saying the countrys growth is at risk of falling to zero.
"Were going to... |
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UK recession risk grows with cost-of-living crisis hitting businesses People stand outside the Bank of England in London, Britain.
Britains economy showed clear recession signals on Friday, a day after the Bank of England halted its long run of interest rate increases at the expense of a hit to businesses.
On Thursday, the bank halted its most aggressive round of interest... |
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IMF to urge China to shift growth model towards consumption IMF chief says the body will press China to boost its weak domestic consumption levels.
The International Monetary Fund (IMF) plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese... |
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US imposes sanctions on Russian automakers This picture shows a view of the US Treasury building in Washington, DC, January 20, 2023. (File photo by Reuters)
The US Treasury Department has targeted Russia with new sanctions over the war in Ukraine, adding 20 people and over 100 entities to its updated blacklist.
The Treasurys Office of Foreign... |
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Irans oil output up 5% to 3 mln bpd in August: OPEC data OPEC data shows Iran increased its oil production in August to an average of 3 million barrels per day.
Iran continued to increase its oil production in August to reach a milestone figure of 3 million barrels per day (bpd), according to figures by the Organization of Petroleum Exporting Countries (OPEC).
OPEC... |
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EU to deliver Є500 million to Afghan people Special representative of European Union for Afghanistan Thomas Niklasson said that they remain committed to Afghan people adding that the Union will deliver up to Є500 million to address the humanitarian situation of the Afghan people.
Thomas Kilasson in a Twitter post on Tuesday, February... |
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South Korea may punish Tesla © AFP / Jung Yeon-Je
EV maker accused of exaggerating distance that some of its cars can travel
The Korea Fair Trade Commission (KFTC) is weighing imposing penalties against US automaker Tesla, after the regulator found out that the company had embellished the specifications of its batteries.
The... |
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Central bank calls on India to ban cryptocurrency © Getty Images / Westend61
The deputy governor of the Reserve Bank of India compared digital currencies to a Ponzi scheme
T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), advised the Indian government to ban cryptocurrencies on Monday - comparing digital currencies to Ponzi... |
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Imran Khan pledges more development help to Afghanistan Pakistan Prime Minister Imran Khan paid tribute to Afghan students studying in Pakistan and said they would play a crucial role in rebuilding their country.
In a series of tweets on Monday night, Mansoor Ahmad Khan, Pakistans envoy to Kabul, said after having chaired the 4th meeting of the Apex Committee... |
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Afghanistans Central Bank slates US plan for frozen funds Afghanistans central bank on Saturday criticized Washingtons plan to use half the banks $7 billion in frozen assets soil for humanitarian aid and the rest to compensate victims of the 9/11 attacks.
Calls have continued to mount for the US to release the frozen assets in order stop the freefall... |
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India, WFP signs MoU to distribute food grains in Afghanistan The Indian embassy in the Italian capital Rome said that the Indian government has signed a memorandum of understanding with the United Nations World Food Program based on which the both will distribute food grains inside Afghanistan.
The agreement comes days after India supplied three tonnes of medicines... |
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Central Bank: UN Provided $3.1M Cash Aid in Past 3 Months The Afghanistan Central Bank (Da Afghanistan Bank) said that the UNs $3.13 million cash assistance to Afghanistan over the past three months has increased the value of the Afghani against foreign currencies, especially the dollar.
"Afghanistan Bank welcomes UN humanitarian assistance to Afghanistan... |
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UK house prices rise at slowest pace as purchase power at historic low, report Estate agent boards are displayed outside a property in London, Britain. (Photo by Reuters)
Housing prices in the UK in January rose at their slowest monthly pace since June last year, while the affordability remained at its historically low level, according to the UK-based banking company Halifax.
In... |
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Mujahid Denies Claim of Central Banks Inability to Convert USD The Islamic Emirate has denied allegations by the head of the UN Development Program (UNDP) in Afghanistan that Afghanistans central bank is unable to convert dollars into Afghan currency.
Earlier, Reuters quoted a senior UNDP official as saying that although the organization had $135 million in... |
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Iran increases gas supply to Turkey, pipeline repairs postponed: Report Iran increases gas supply to Turkey as industry sources say repairs on pipelines are postponed.
Irans flow of gas to Turkey has increased after a major reduction reported last month as industry sources say full supplies will be restored in early spring when Iran is planned to carry out repairs on... |
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BoE raises interest rates as inflation soars across UK People walk past the Bank of England during morning rush hour, amid the coronavirus disease (COVID-19) pandemic in London, Britain, July 29, 2021. (Bank of England)
The Bank of England has doubled the interest rates, raising it from 0.25 to 0.5 percent in an attempt to tackle the soaring inflation... |
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Millions of Britons set to face soaring energy bills from April Millions of UK households are set to experience a sharp rise of more than 50 percent in their gas and electricity bills in April.
Millions of UK households are set to experience a sharp rise of more than 50 percent in their gas and electricity bills in April, after energy regulator announced a record-breaking... |
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UK vital industries on cliff edge as workers shun jobs over low pay and poor conditions Workers assemble cars at the plant for the Mini range of cars in Cowley, near Oxford, Britain June 20, 2016. (Reuters photo)
The UKs crucial industries are threatened by a shortage of workers because of poor conditions and low pay, a factor that is putting off potential new recruits, research shows.
Construction,... |
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U.S. advice to banks: OK to transfer aid money to Afghanistan International banks can transfer money to Afghanistan for humanitarian purposes, and aid groups are allowed to pay teachers and healthcare workers at state-run institutions without fear of breaching sanctions on the Islamic Emirate of Afghanistan (Taliban), the United States said on Wednesday.
The... |
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Record euro zone inflation piles pressure on ECB Euro zone inflation rose to a new record high in January, defying expectations for a big drop and piling pressure on the European Central Bank. (AFP file photo)
Euro zone inflation rose to a new record high last month, defying expectations for a big drop and piling pressure on the European Central... |
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Germany contributes US$140 million to support UNICEF in Afghanistan United Nations International Children Emergency Fund (UNICEF) has announced that Germany Federal Ministry of Economic Cooperation has announced US$140 million to their programs for children and women in Afghanistan.
UNICEF representative to Afghanistan Alice Akunga expressed gratitude to Germanys... |
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UK businesses scale back pay plans despite higher inflation, Lloyds View of Canary Wharf business district at dusk in London, Britain March 9, 2021. (Reuters photo)
British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers as they seek to manage rapidly rising costs, a survey showed on Monday.
The... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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