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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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ADB approves APPCs loan to enhance Afghanistans energy security On 17 June, the Asian Development Bank (ADB) and the Afghan Power Plant Company Limited (APPC) signed a $10 million loan, ADB said in a statement.
According to ADB, this loan is part of a financing package for the Mazar gas-fired power plant, supporting Afghanistans efforts to achieve long-term energy... |
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UK, France, Italy, Spain slam US over exit from digital services tax talks US Secretary of the Treasury Mnuchin (L) and Frances Finance Minister Le Maire (Reuters photo)
The United Kingdom, France, Italy and Spain have criticized the US over its decision to pull out of negotiations on a global digital services tax, an idea proposed by the Organization of Economic Co-operation... |
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Global markets retreat on rising second wave fears A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a stock quotation board outside a brokerage in Tokyo, Japan, June 15, 2020. (Reuters photo)
Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some... |
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Iran plans monthly gasoline shipments to Venezuela: Report Iranian oil tanker, the Clavel, is sailing on international waters crossing the Gibraltar stretch on May 20, 2020. (Photo by AP)
Iran plans to follow its trailblazing shipment of fuel to sanctions-hit Venezuela with regular gasoline sales despite US threats to punish any facilitation of the cargoes,... |
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World economy to contract at least 6% in 2020: OECD This picture taken on June 9, 2020 shows workers assembling motorcycles inside a factory after the government eased a nationwide lockdown imposed as a preventive measure against the COVID-19, in Oragadam, Tami Nadu, India. (Photo by AFP)
The global economy will contract at least six percent this year,... |
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Iran may take legal action to access funds in South Korea According to Irans Foreign Ministry, South Korea is about $7 billion in arrears for oil exported from the Islamic Republic.
Governor of the Central Bank of Iran Abdolnaser Hemmati says the Islamic Republic may launch legal action to access its funds illegally being withheld in South Korea under pressure... |
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Airbus, Boeing refuse to repair Iranian plane parts: Aviation chief Iran says two major plane manufacturers still refuse to repair parts for Iranian airplanes.
Irans civil aviation chief says major global plane manufacturers still refuse to do repair work on aircraft parts belonging to the Iranian airlines.
Ali Abezadeh, who leads Irans Civil Aviation Organization,... |
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Iran rejects Turkey excuse with warning, expects gas flow to resume Iran sells about 10 billion cubic meters (bcm) a year of gas to Turkey under a 25-year supply deal.
An Iranian energy official says he expects Turkey to resume gas imports from Iran by mid-July, putting an end to a relatively long gap which raised many eyebrows.
The gas flow has stopped since March... |
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US recession started in February, ending 128-month expansion People wait to receive food bank donations at the Barclays Center in the Brooklyn borough in New York City on May 15, 2020. (GETTY IMAGES)
The US economy reached its peak and entered recession in February, ending 128 month of expansion amid a brutal downturn caused by the coronavirus pandemic, the committee... |
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OPEC agrees to extend output cuts by one month: Iran minister Members of The Organization of Petroleum Exporting Countries (OPEC) have agreed to extend a deal on reduction of output provided that non-OPEC producers would comply with their share of the cuts, according to Irans Oil Minister Bijan Namdar Zanganeh.
Zanganeh said on Saturday after the 179th OPEC meeting... |
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Who needs public services when we can have a boat most of us will never see? Critic asks A June 23, 1997, file photo shows the former Royal Yacht Britannia passing the Hong Kong Convention Centre ahead of the ships last foreign mission - transporting last governor Chris Patten back to Britain. Photo: APA June 23, 1997, file photo shows the former Royal Yacht Britannia passing the Hong Kong... |
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US unemployment rate likely shot up to almost 20% in May The US unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.
The Labor Departments closely watched monthly employment report on Friday could bolster economists dire predictions... |
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ECB chief: Eurozone economy in for unprecedented contraction this year Storekeepers asking for the reopening of shops and commercial activities gather for a protest on Rialto Bridge in Venice on May 4, 2020. (Photo by AFP)
The European Central Bank chief says the eurozone is grappling with unprecedented contraction in the aftermath of the new coronavirus outbreak that... |
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US trade deficit widens as exports hit 10-year low The US trade deficit surged in April as the COVID-19 pandemic upended the global flow of goods and services, pushing exports to a 10-year low.
The US Commerce Department said on Thursday the trade deficit jumped 16.7% to $49.4 billion. Economists polled by Reuters had forecast the trade gap increasing... |
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About 2 million Americans filed for unemployment benefits last week About 2 million Americans filed for unemployment benefits last week.
The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed... |
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European markets edge lower ahead of ECB meeting Traders work in front of a board displaying the chart of Germanys share index DAX at the stock exchange in Frankfurt am Main, western Germany, on March 9, 2020. (AFP photo)
European stocks edged lower Thursday ahead of a European Central Bank (ECB) meeting where policymakers will announce their latest... |
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S Korea seeks arrest of Samsung heir in succession probe Samsung Electronics Vice Chairman, Jay Y. Lee (File photo)
South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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