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Investor fears rise over recession, bear market as coronavirus spreads in US Traders work the floor of the New York Stock Exchange (NYSE) on March 6, 2020 in New York City. (AFP photo)
The words "bear market" and "recession" are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could... |
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US Congress blasts Boeing missteps, FAA blunders on 737 MAX Employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington, on March 27, 2019. (AFP photo)
Boeing made missteps and withheld information about the 737 MAX while federal regulators failed to provide proper oversight, leading to a "fundamentally flawed" aircraft that... |
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Dow falls 4% as US stocks sell-off deepens on coronavirus fears Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 27, 2020 at Wall Street in New York City. (AFP photo)
Wall Street stocks were in free-fall again on Friday morning, suffering another steep decline as fears of an economic slowdown due to coronavirus again pummeled... |
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Trump furious at plunging stock market on coronavirus fear: Report A sea of red hit the New York Stock Exchange as stock prices plunged for the second straight day on Tuesday, February 25, 2020 in New York City, fueled by deepening concerns of the coronavirus becoming a global pandemic. (Photo by AFP)
US President Donald Trump is livid that stocks are sliding, contending... |
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Airbus Defence and Space to cut over 2,300 jobs Airbus Defence and Spaces executive vice president for marketing and sales, Bernhard Brenner, stands in front of a A350-1000 model plane at the Singapore Airshow in Singapore, on February 12, 2020. (Photo by AFP)
European plane-maker Airbus said Wednesday it planned to cut 2,362 jobs in its Defence... |
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Afghanistan launches National Trade Policy The Government of Afghanistan has launched a new initiative to spur growth and create jobs by boosting the export capacities of the countrys private sector, to trade with regional and global markets.
Afghanistans Minister of Industry and Commerce Ajmal Ahmady said: ‘This national trade policy... |
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German economy stagnated in final quarter of 2019 A picture taken on January 29, 2020 shows the logo of German electronic and engineering company Bosch displayed on a bridge across a motorway in Stuttgart, southern Germany. (By AFP)
The German economy stagnated in the fourth quarter due to weaker private consumption and state spending, data showed... |
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Mnuchin, Blankfein say Bernie Sanders would ruin US economy imageDemocratic presidential hopeful Vermont Senator Bernie Sanders speaks at a Primary Night event at the SNHU Field House in Manchester, New Hampshire on February 11, 2020. (Photo by AFP)
Former Goldman Sachs head Lloyd Blankfein and US Treasury Secretary Steven Mnuchin both said that Democratic presidential... |
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India Allocates $13.9 M for Chabahar Port The Indian government has allocated $13.9 million for the development of the strategic Chabahar Port in southeast Iran, according to Indias Hindustan Times.
Indias decision to more than double the outlay for developing the strategic Chabahar port in Iran in fiscal year 2020-21 signals the "governments... |
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Pound hit by renewed hard Brexit fears after Johnsons tough talk Sterling fell sharply on Monday after Prime Minister Boris Johnson set out tough terms for European Union talks, rekindling fears Britain would reach the end of an 11-month transition period without agreeing a trade deal.
The sides have until the end of the year, when a standstill transitional period... |
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US economic growth missed Trumps 3% goal in 2019 amid trade tensions The US economy again fell short of attaining the Trump administrations coveted but elusive 3% annual growth target because of slumping business investment amid damaging trade tensions.
The Commerce Departments snapshot of gross domestic product on Thursday will likely show the Federal Reserves... |
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Homesteaders, catastrophists run for the hills to flee US uncertainty Cheap housing, deep unease and intense resilience - all forces that are driving a clutch of Americans to swap city life for a fresh start off grid and far from civilization.
Some are survivalists, among them high fliers who fear a looming, urban catastrophe and the mayhem that might follow.
Others... |
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TAPI Pipeline Project Faces More Delays in Afghanistan Work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project - a major regional economic project - has faced another delay in its construction inside Afghanistan over a postponement in land acquisition, among other issues, according to local officials.
Work on the project in Afghanistan... |
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France, Germany say EU will respond in kind to new US tariffs The European Union will respond reciprocally to any further tariffs imposed by the US on the blocs products, French and German officials have warned in separate comments.
Germanys ambassador to the United States, Emily Haber, said on Wednesday the EU is as strong economically as the US, and will... |
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European shares drop from record high on threat of US auto tariffs European shares reversed course and edged lower on Wednesday as US President Donald Trump threatened to impose high tariffs on imports of cars from the European Union, pushing automobile stocks to a three-month low.
Speaking at the World Economic Forum in Davos, Switzerland, Trump warned of the tariffs... |
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Afghanistan Improves its Growth by an Estimated 2.9 Percent Afghanistans economy has grown by an estimated 2.9 percent in 2019, driven mainly by strong agricultural growth following recovery from drought, but lingering political uncertainty dampens private confidence and investment, the World Bank reported on Wednesday.
"Growth picked up in Afghanistan in... |
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Afghan Parliament Approves 2020 Fiscal Years Budget The Afghan parliament on Wednesday approved the coming fiscal years budget plan. It gained a majority of votes just ahead of the winter recess.
The budget totals 428 billion Afghanis, with 289 billion Afghanis allocated for the "ordinary" budget and 139 billion Afghanis for development.
The budget... |
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Wall Street falls as China virus reaches the US Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to US shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. All three major US stock verages fell following several days of record closing highs and... |
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Govt Applies Double Standard to Private Sector: Union The Afghanistan Builders Association (ABA) on Saturday strongly criticized the Afghan government--particularly the Operation and Support Office of the President for National Development (OSOPND)--for applying a ‘double standard to the private sector in Afghanistan in the bidding process for contracts.... |
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US, China sign momentous trade deal After nearly two years of conflict between the worlds top two economic powers, the United States and China signed a trade truce on Wednesday, letting businesses around the globe breathe a sigh of relief.
The deal is a boon to US President Donald Trump, who faces an impeachment trial and a tough reelection... |
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US budget deficit tops $1 trillion in 2019 The US budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.
In its monthly budget report, the Treasury Department said Monday that the deficit from October through... |
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New Boeing chief executive takes over with 737 max crisis unresolved Boeing Cos new Chief Executive David Calhoun assumes the job Monday as the US planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the models worldwide grounding in March.
Calhoun, 62, a long-time Boeing director named chairman in... |
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Trumps tariffs on imports backfired, caused job losses and higher prices: Fed study US President Donald Trumps tariffs on imports have backfired, causing job losses and higher prices, a new study by the Federal Reserve has found.
"We find that tariff increases enacted in 2018 are associated with relative reductions in manufacturing employment and relative increases in producer prices,"... |
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Document: MoF Asks Govt-Run Bank to Pay Taxes in Advance A letter seen by TOLOnews shows the Ministry of Finance (MoF) needs funds for major national projects and has asked the government-run Bank-e-Millie Afghan (BMA) to transfer 800 million Afs (over $10 million) to the ministry.
The ministry has asked for the money as a prepaid tax, not a loan, the document... |
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India, Iran Agree to Accelerate Chabahar Project India and Iran on Sunday agreed to accelerate work on the Chabahar port, which is jointly being developed by India, Iran and Afghanistan, the Times of India reported.
The decision was made after Indias External Affairs Minister Subrahmanyam Jaishankar met with his Iranian counterpart, Javad Zarif... |
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Trump approves sanctions against Russia-Europe gas pipeline US President Donald Trump has signed off on sanctions against companies building a Russian natural gas pipeline to Germany that Washington fears will give Moscow great leverage over European allies.
The US sanctions were included in the 2020 military spending bill that Trump signed on Friday at a... |
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Afghan Saffron Ranked Best in the World for Eighth Year Saffron cultivated and produced in Afghanistan has been recognized as the best in the world in terms of its quality for the eighth consecutive year, a member of the Saffron Producers Union in Kabul said.
According to the union, the quality and taste of the Afghan saffron were evaluated at an institution... |
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Ghani Orders Termination of Gold, Copper Mining Contracts President Ashraf Ghani ordered the termination of two major mining contracts - for Balkhab copper deposit in Sar-e-Pul province and for a gold deposit in Badakshan -- during a High Economic Council meeting last week.
The order was confirmed by Abdul Qadir Mutfi, a spokesman for the Ministry of Mines... |
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US-China trade friction sends European shares lower European stocks were on track for their worst day in six weeks on Wednesday, as a threat of US-China trade negotiations hitting an impasse weighed, while a slump in Germanys Wirecard and falling oil prices added to the gloom.
Germanys DAX .GDAXI, the most trade-sensitive among Europes regional... |
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Oil prices jump following suspected attacks on two oil tankers in Sea of Oman Crude oil futures have jumped on Thursday following reports of explosions targeting two oil tankers in the Sea of Oman.
Benchmark Brent crude oil rises 4% in trading to over $62 a barrel after the incident, Bloomberg reported.
Reuters, citing four shipping and trade sources, said two tankers —... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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