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Long lines as Iranian fuel arrives at Venezuelas gasoline stations Workers of the state-oil company Pdvsa holding Iranian and Venezuelan flags greet during the arrival of the Iranian tanker ship "Fortune" at El Palito refinery in Puerto Cabello, Venezuela May 25, 2020. (Photo by Reuters)
Fuel shipped from Iran has begun arriving at Venezuela’s gasoline stations... |
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Renault to cut down 15,000 jobs amid coronavirus outbreak An employee wearing a protective mask walks along the assembly line that produces both the electric vehicle Renault Zoe and the hybrid vehicle Nissan Micra, at Flins-sur-Seine, France on May 6, 2020. (Photo by AFP)
Renault has said it was launching talks with unions to restructure several French car... |
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Inflation to decline by nearly 7% in Iran in late March 2021: Report An economic analysis report published in Iran shows inflation in the country will be down by nearly seven percent year on year in late March 2021.
The report published on Monday by the Tehran Chamber of Commerce said that Irans inflation at the end of the current fiscal year will stand at 34.2 percent,... |
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Turkey delaying gas pipeline repair for unknown reasons: Iran Irans Oil Minister Bijan Namdar Zanganeh says he is unaware why Turkey has been delaying repair work on an Iranian gas pipeline that was blown up in late March.
"I dont know for what reason the repair has been delayed," said Zanganeh, adding that such repair works usually takes several days to complete.
The... |
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Trumps economic adviser: US unemployment could pass 20 percent in May White House economic adviser Kevin Hassett speaks to members of the press in front of the West Wing of the White House on May 22, 2020 in Washington, DC. (Getty Images)
A White House economic advisor has warned the unemployment rate in the United States may cross 20 percent in May, as the coronavirus... |
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US risks permanent damage from long virus shutdown: Mnuchin The US economy risks suffering "permanent damage" the longer the lockdown to contain the COVID-19 pandemic drags on, US Treasury Secretary Steven Mnuchin said Tuesday.
American families and businesses are suffering amid the nationwide shutdowns, Mnuchin told a Senate committee, but reopening the economy... |
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UK risks slow COVID recovery, all stimulus options under review Britains economy could be facing a slower recovery from its deep coronavirus slump than the Bank of England suggested this month and all stimulus options, including sub-zero interest rates, should be considered, a BoE deputy governor said.
But Dave Ramsden told Reuters the issues around taking rates... |
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Chancellor Rishi Sunak warns of economic hardship After months of trying to convince the British public that the economic fallout from the coronavirus pandemic can be swiftly reversed, the Chancellor of the Exchequer has now turned around and poured cold water on those hopes.
Rishi Sunak now claims that it is "not obvious there will be an immediate... |
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Uber laying off another 3,000 workers, trimming investment amid US virus crisis Uber has announced it is cutting a quarter of its global workforce and trimming investment to survive the financial hit to its business from the coronavirus pandemic.
The San Francisco-based company is laying off about 3,000 people and stopping some investments unrelated to its core ride-share and delivery... |
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US industrial output plunges 11.2% in April amid pandemic American industrial production dropped a record 11.2 percent in April, the first full month of widespread business lockdowns, with massive declines across sectors, particularly in autos and oil, the Federal Reserve said Friday.
It was the "largest monthly drop in the 101-year history of the index, as... |
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European shares drop as Powell fans recovery fears The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 13, 2020. (Reuters photo)
European shares retreated on Thursday as comments from US officials fanned concerns of a prolonged economic downturn due to the coronavirus outbreak, while investors eyed the... |
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Trump deepens rift with Fauci on US reopening amid Fed warning Dr. Anthony Fauci speaks as US President Donald Trump listens during the daily press briefing on the Coronavirus pandemic situation at the White House in Washington, DC, on March 17, 2020. (Photo by AFP)
US President Donald Trump says he "totally" disagrees with his top health advisor, Anthony Fauci,... |
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Oil prices could go negative again: US commodities regulator warns Oil prices could again drop below zero amid the upcoming West Texas Intermediate (WTI) June futures contract expiry on May 19 and the ensuing risks, the US commodities regulator said in a warning to brokers, exchanges and clearing houses.
The rare warning by the Commodity Futures Trading Commission... |
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Iran eases curbs on exports of COVID-19 test kits, PPEs Irans caretaker minister of industries says that the country has lifted restrictions on exports of some tests kits and personal protective equipment (PPE) needed to confront the new coronavirus pandemic amid a surge in production that outweighs domestic demands.
Hossein Modarres Khiabani said on Wednesday... |
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Iran enacts law on granting residency to foreign investors Iranian authorities say they have prepared the paperwork needed to enforce a new law on according residency to foreign investors.
An Iranian deputy interior minister said on Wednesday that foreign investors would soon be able to apply for the five-year residency in Iran based on regulations approved... |
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US reports record $738 billion budget deficit in April The United States has reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic pushed it deeply into the red.
The Treasury Department said the budget deficit in April was the first to reflect the enormity... |
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Turkeys dithering on Iran gas imports and US link Flames engulf a gas pipeline in Agri, Turkey, on March 31, 2020. (Photo by DHA)
Turkey is dragging its feet on repairing a pipeline which was hit by an explosion in late March, stopping Irans gas exports to the country, the Fars news agency says.
Iran sells about 10 billion cubic meters a year of... |
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IranAir to partially resume international flights on May 14 Irans flag carrier Homa, known internationally as IranAir, is to partially resume its international flights after a two-month hiatus that came over the new coronavirus pandemic.
Homa said in a Monday statement that its flight to the Dutch capital Amsterdam will resume on May 14.
The airline said the... |
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White House considers more coronavirus aid as jobs picture worsens People queue to collect food distribution at Harlems Community Kitchen and Food Pantry service by the Food Bank for New York City during the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, US, May 9, 2020. (Reuters photo)
The White House has begun informal... |
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US unemployment rate to get worse amid pandemic: Treasury People who lost their jobs wait in line to file for unemployment benefits, following an outbreak of the coronavirus disease (COVID-19), at Arkansas Workforce Center in Fort Smith, Arkansas, US, on April 6, 2020. (Photo by Reuters)
The US Treasury secretary says the unemployment rate reported by the... |
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Iran receiving orders for COVID-19 test kits from 8 countries: Official File photo shows a health worker at a laboratory for coronavirus diagnostics in the central Iranian city of Isfahan.
Iranian test kits used to determine the rate of immunity against the new coronavirus are becoming increasingly popular as several more countries are placing bulk orders for the diagnostic... |
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Saudi tribe hit by bloody forceful eviction measures for bin Salmans ambitious NEOM project The futuristic megacity with the cost estimate around $500 billion is part of bin Salmans 2030 vision to transform the image of the kingdom.
A Saudi tribe has been hit by bloody forced eviction measures employed to make way for the construction of the Crown Prince Mohammed bin Salman (MBS)s visionary... |
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Millions more Americans join the unemployment line People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus at an Arkansas Workforce Center in Fayetteville, Arkansas, on April 6, 2020. (Reuters photo)
Millions more Americans sought unemployment benefits last week, suggesting layoffs broadened from consumer-facing... |
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Iran health sector gets another $260 mln in rescue over pandemic Iranian government unveils $260 million lifeline for health sector amid the coronavirus pandemic. (Photo by Mehr News)
The Iranian government has earmarked some $260 million to the countrys health sector in a fresh attempt to help hospitals and care homes cope with the new coronavirus pandemic.
Iranian... |
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US private sector lost 20.2 million jobs in April: ADP The US economy shed 20.2 million private sector jobs in April, according to ADP, the worst monthly reading in the companys history of reporting job loss.
"Job losses of this scale are unprecedented," said Ahu Yildirmaz, co-head of the ADP Research Institute.
"The total number of job losses for the... |
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Virgin Atlantic to cut over 3,000 jobs, move flights to Heathrow as COVID-19 bites In this AFP file photo taken on April 02, 2020, tailfins of parked Virgin Atlantic passenger aircraft are pictured on the apron at Heathrow Airport, west of London.
British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its flying program from London Gatwick to Heathrow... |
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Iran sends first batch of COVID-19 test kits to Germany Iran sends 40,000 consignments of coronavirus testing kits to Germany.
An Iranian biomedicine company has supplied a large batch of coronavirus test kits to Germany amid reported surge in the production of the diagnostic tool in the country.
A report by the IRIB News said that some 40,000 consignments... |
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US to borrow in a quarter over twice as much as it did last year US Treasury Secretary Steven Mnuchin
The United States is set to borrow twice as much as it did last year in a quarter over the economic crisis hitting the country amid the coronavirus pandemic.
Washington is planning to borrow nearly $3 trillion between April and June, the US Treasury Department announced... |
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Iran to launch 5 new free trade zones File photo shows trucks waiting for clearance at a yard of the customs office in Irans Dogharoun special economic zone on the border with Afghanistan.
The Iranian parliament has approved plans for launching five new free trade zones (FTZ) in north and east of the country.
The parliament on Monday... |
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Iran parliament approves currency overhaul bill File photo shows Iranian rial notes.
The Iranian parliament has approved a bill to allow a major overhaul in the countrys currency rial.
Lawmakers in the Majlis on Monday approved articles and subarticles of the Bill to Reform the Countrys Monetary and Banking Act, a law which has dominated financial... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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