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UK inflation soars to highest level in almost 30 years Workers walk towards Tower Bridge in London, Britain, September 15, 2021. (Reuters photo)
The UKs annual inflation accelerated in December to its highest level for nearly three decades, official data showed on Wednesday.
The annual rate soared to 5.4 percent last month after 5.1 percent in November,... |
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Germany reveals when it will run out of gas © AFP / JOHN MACDOUGALL
Natural gas storage facilities in Germany are half-empty, economy ministry says
Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years.
"According... |
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Bitcoin may drop as crypto bubble pops analyst © Getty Images / Cemile Bingol
The rise and fall in Bitcoin value is akin to a ‘financial mania, Investco says
Top cryptocurrency Bitcoin could tumble below $30,000 this year as the air comes out of the crypto bubble, according to US investment firm Invescos list of "improbable but possible"... |
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Modi calls world to arms against crypto © Getty Images / Alfieri
Indian leader compares threat of cryptocurrencies to inflation and climate change
Indias Prime Minister Narendra Modi said all nations should unite in tackling the threats posed by cryptocurrencies, speaking virtually at the 2022 World Economic Forums annual conference... |
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Crude oil prices hit record highs after Yemeni retaliatory attacks on UAE A picture shows a partial view of the Msaffah industrial district in the Emiarti capital Abu Dhabi on January 17, 2022. (By AFP)
Oil prices have hit their highest level since 2014 after Yemeni forces conducted a retaliatory attack deep inside the United Arab Emirates, raising supply concerns.
On... |
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Women Protestors in Kabul Urge US to Release Bank Assets Women held a gathering in Kabul city on Monday and voiced support for the UN Secretary Generals call for the release of Afghanistans central bank assets.
The participants also urged the Islamic Emirate to reactivate the Ministry of Womens Affairs, to allow girls access to education, and to include... |
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World Bank revises up Irans 2021 GDP growth rate by 1% to 3.1% The World Bank Group building is seen October 11, 2021 in Washington, DC. (AFP photo)
The World Bank has revised up its estimate of economic growth in Iran for 2021 as figures provided in the Banks latest report show Irans gross domestic product (GDP) rose by 3.1% last year.
Tables provided in... |
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Muttaqi Discusses Major Projects with Turkmen Officials Acting Minister of Foreign Affairs, Amir Khan Muttaqi, held a discussion over major development projects with Turkmen officials in a visit to Ashgabat.
Last Friday, Muttaqi and his accompanying delegation arrived in Ashgabat, having been invited by Turkmenistan.
"We hope that before the resumption... |
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Taliban finalizes plan to collect Zakat and Usher The Ministry of Finance (MoF) of Taliban said on Sunday a plan outlining the collection process of Usher (Islamic tax on certain harvests) and Zakat (Islamic tax on personal income) has been finalized and will be submitted to the council of ministers soon.
Officials said that after the approval of... |
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Russia denies claim it is responsible for gas crisis in Europe A photo illustration shows gas burning on a domestic hob in Liverpool, north-west England on September 2021. (Photo by AFP)
Russia has denied allegation by the International Energy Agency (IEA) that the country should be blamed for the current gas supply crisis in Europe.
Russian Deputy Prime Minister... |
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US Congress targets Chinese rare earths imports US Senator Tom Cotton, a Republican from Arkansas (Getty Images file photo))
A bipartisan bill in the US Congress has aimed to stop the import of strategic Chinese rare earth metals to the country.
The bill was proposed in Congress on Friday by Senators Tom Cotton, an Arkansas Republican, and Mark... |
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Iran, Syria to set up joint bank and free trade zones: Minister An Iranian minister says Tehran and Damascus have reached major economic cooperation agreements.
Iran and Syria have agreed to set up a joint bank and special economic zones amid efforts to boost their economic cooperation, according to Irans transportation minister Rostam Qassemi who travelled to... |
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half Factories Have Stop Functioning as Markets Drop Almost 50% of manufacturing plants have ended tasks because of banking issues and the absence of unrefined components just as the drop in market interest, the Chamber of Industry and Mines said on Wednesday.
"Because of less requests in business sectors, banking issues, and power issues, 40-50 percent... |
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Iran central bank to launch digital currency on pilot basis Irans central bank is to launch a trial phase for its digital currency.
he Central Bank of Iran (CBI) says a pilot version of its digital currency is ready to be rolled out after two years of works and studies on the program.
Head of CBIs information services company Abutaleb Najafi said on Wednesday... |
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US pledges another $308 million in humanitarian aid to Afghans The United States has announced more than $308 million in humanitarian assistance for the people of Afghanistan amid the ongoing economic crisis in the country.
In a statement issued on Tuesday, the White House stated that the amount brings the total "U.S. humanitarian aid in Afghanistan and for Afghan... |
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Chinas imports of Iranian oil hit record since 2018 sanctions Chinas private refiners are a main customer of Irans floating oil cargoes.
Chinas imports of Iranian crude oil last year hit a record high since the US imposed sanctions on the Islamic Republic in 2018 with the aim of bringing the countrys oil sales down to zero, Bloomberg reports.
Chinese refiners... |
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7 TAPI Project Agreements to Be Signed Soon: Officials Officials at the Foreign Ministry said that they will soon sign the remaining seven agreements on the TAPI project with TAPI project partners.
Waliullah Shaheen, the director of strategic studies at the Ministry of Foreign Affairs, said that Turkmenistan will pay Afghanistans share for the TAPI project... |
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Under sanctions, Iran, Russia ties evolve into strategic partnership Iran in the south and Russia in the north of the Caspian Sea have strategic access to the worlds free zones and open seas.
Irans exports to Russia in the first nine months of the current Persian year which ends on March 20 increased by 58%, including 62% in agricultural and food products, a review... |
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German SPD official defends pro-Nord Stream 2 policy In this file photo taken on September 07, 2020 a road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, north eastern Germany. (Photo by AFP)
The Nord Stream 2 pipeline to bring Russian gas to Germany should not be mixed up with political and human rights... |
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Turkmenistan delegation visiting Kabul to assess TAPI A Turkmen delegation headed by the Deputy Foreign Minister of Turkmenistan arrived in Kabul on Saturday, January 8, 2022, and is supposed to meet with Taliban officials over the development of TAPI.
The delegation has reportedly visited the western Herat province before landing in the Afghan capital... |
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Iran being paid for crude exports, shipments rising: NIOC chief NIOC chief says Irans crude exports continue to rise as he insists proceeds are returned to the country.
Iran has seen its oil exports steadily increase in recent months while it has been able to recoup revenues despite sanctions imposed by the United States on both the sales and on banking transactions... |
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Iran ready for 10-fold increase in gas swap from Turkmenistan: Minister Turkmenistans visiting Vice President Rashit Meredov gestures to reporters while leaving the headquarters of Irans Oil Ministry in Tehran on January 8, 2022.
Irans Oil Minister Javad Owji says natural gas swap from Turkmenistan can increase by up to 10 times in volume terms if Ashgabat agrees to... |
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TAPI Pipeline Project to Resume Soon: Officials A high-ranking delegation from Turkmenistan has come to Kabul and discussed issues related to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, officials said on Saturday.
The Turkmen delegates included deputy Foreign Minister Wafa Khadzhieve and Mohammad Murad Amanov, the chief of... |
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Digital yuan given green light by Chinese tech giant © Getty Images / SOPA Images / Contributor
Its adoption by Tencent-owned WeChat is expected to attract over a billion users to Chinas national digital currency
Chinese technology conglomerate Tencent has reportedly added support for digital yuan to its WeChat Pay wallet, granting users the... |
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We prevent economic collapse in Afghanistan: Talibans FM The acting Foreign Minister of the Islamic Emirate of Afghanistan Amir Khan Motaqi Establishment of the Emirate has withheld the economic collapse of Afghanistan.
Speaking to spokespersons of the IEA on Thursday, January 7, 2022, the acting Foreign Minister said financial resources of Afghanistan... |
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Losses from flash floods in south Iran estimated at nearly $180 mln: Reports Initial estimates suggest losses from flash floods in southern Iran amount to nearly $180 million.
Initial estimates suggest losses from flash floods that affected areas in south and southeast Iran earlier this week could amount to nearly $180 million.
Estimates provided by local authorities in four... |
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Google hit with 150mn French fine for cookie breaches A 3D printed Facebooks new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. (Reuters photo)
Frances data privacy watchdog CNIL said on Thursday it had fined Alphabets Google (GOOGL.O) a record 150 million euros ($169 million) for making... |
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Omicron wreaking disruption on US economy, 4th stimulus checks not expected New Yorkers queued for Covid-19 testing in Times Square on Dec. 26, 2021, as the omicron variant continued to spread. (Reuters photo)
The American economy is getting hit as the US federal government is grappling with the Omicron variant which has prompted Covid-19 cases to surge to record levels.
This... |
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UKs stalling economy blamed on inflation and product shortages Goods vehicles at the Port of Dover on 30 December. (Getty Images)
The UKs economic recovery paused prior to the arrival of the Omicron variant of Covid and the dampening impact of the governments plan B restrictions on consumer spending in the Christmas shopping period, a new survey shows.
Businesses... |
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Wall Street bank predicts end of gold era © Getty Images / szjphoto
Gold may soon lose its status as the universal "store of value" to Bitcoin, US bank claims
Bitcoin may overtake golds market share in 2022, a Goldman Sachs analyst has said in a research note to clients, as cryptocurrencies and digital assets surge in price and attract... |
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