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Turkish companies and traders to invest in Afghanistan: officials Turkish companies and traders will invest in Afghanistan in the near future, said Zabihullah Mujahid, deputy minister of information and culture and spokesman for the Islamic Emirate of Afghanistan in a tweet.
According to Mujahid, Turkish foreign minister Mevlüt Çavuşoğlu said... |
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Musk reveals how much tax hell pay in 2021 FILE PHOTO: Tesla CEO Elon Musk © REUTERS/Shannon Stapleton
Tesla CEO Elon Musk has attempted to set the record straight about how much he owes the US government in taxes after claiming he would pay more towards the US budget this year than any other American in history.
"For those wondering,... |
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France risks losing 30% of auto jobs in shift to EVs © AFP / Martin BUREAU
New research by consulting firm AlixPartners shows that the French automotive industry could lose as many as 52,000 jobs by the end of the decade due to the accelerating transition to electric vehicles.
According to the report, commissioned by the French car lobby La Platforme... |
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UK experiencing highest inflation rate in a decade amid pandemic Heartbreaking scenes show dozens of people waiting patiently in the rain for food parcels over Christmas. (Fars News)
The coronavirus pandemic has been blamed for disrupting supply chains and affecting energy prices worldwide. But in the case of the UK, with the post Brexit challenges it faces, there... |
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Scores of workers arrested for protesting food poisoning at Indias Apple plant This picture purportedly taken on Dec.18, 2021, shows protesters blocking a key Chennai-Bengaluru highway for several hours in protest to a food-poisoning incident at a unit manufacturing American Apple iPhones in India. (Photo screenshot: courtesy of Twitter)
Indian police have arrested scores of... |
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EU inflation surges to 30-yr high as ECB plans less bond-buying File photo of ECB President Christine Lagarde
Amid a record 4.9 percent surge of annual consumer inflation in 19 EU countries last month, the European Central Bank (ECB) has declared plans to scale back its crisis bond-buying but ruled out raising interest rates next year.
The announcement, which... |
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Turkish stock market halts trading as lira crashes © Global Look Press / Abdurrahman Antakyali
The Turkish stock exchange suspended trading after the national currency fell below 17 lira per US dollar on Friday. The lira has lost more than half of its value against the US dollar since the beginning of 2021.
"As of 16.24 (Istanbul time) transactions... |
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Germany reveals long delay for Russian gas pipeline certification FILE PHOTO: Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany, September 10, 2020. © REUTERS / Hannibal Hanschke
The German Federal Network Agency, the Bundesnetzagentur, will not make a decision on the controversial Nord Stream 2... |
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Afghan currency strengthens slightly overnight against US dollar Afghan currency has stopped its steep drop against the dollar, which severely affected food prices across the country.
On Wednesday, one US dollar was exchanged for 102 Afs. On Tuesday money exchangers said a US dollar was traded for around 123 Afs, and in some cases 130Afs. Today, one US dollar is... |
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UK inflation spikes to decade-high on eve of BoE rate call Shoppers look at bread in a Sainsburys supermarket, amid the coronavirus disease (COVID-19) outbreak, in London, Britain January 12, 2021. (Reuters photo)
British inflation has rocketed to its highest level for more than 10 years on broad-based price gains, data showed on Wednesday, sparking fears... |
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Senator urges reform to tax freeloader Musk, he bites back File photo: Tesla CEO Elon Musk gestures during a tour of a factory in Germany, August 13, 2021. © Patrick Pleul/Pool via Reuters
Elon Musk dubbed Senator Elizabeth Warren (D-Massachusetts) a "Karen" for calling him a freeloader as part of her ongoing war against the "rigged" US tax laws, after... |
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US Senate advances toward raising debt limit to $31.4 trillion The US Capitol building is seen in Washington, US, December 6, 2021. (Photo by Reuters)
The US Senate moved toward a vote on Tuesday to raise the federal governments debt limit by $2.5 trillion to about $31.4 trillion and forward the measure to the House of Representatives to avoid an unprecedented... |
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Nearly one-third of Americans skipped care in past three months due to costs Poverty-stricken Americans stand in line to get food handed out as charity at the La Colaborativa Food Pantry in Chelsea, Massachusetts on November 23, 2021. (Photo by AFP)
A third of Americans have been forced to avoid necessary medical treatments due to the dire economic situation in the country,... |
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Taliban bans use of foreign currencies in bid to stabilize Afghan currency Islamic Emirate of Afghanistan (Taliban officials on Tuesday banned the use of foreign currencies for commercial transactions in the country in a bid to stabilize the plummeting national currency, the Afghani (AFN).
Mawlawi Abdul Salam Hanafi, deputy prime minister, who is heading up a commission... |
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Taliban directs commission to take urgent steps to stabilize Afghan currency The Taliban on Monday held a ministers council meeting at the Presidential Palace to find ways to stabilize the weakening Afghan currency.
Taliban deputy spokesman Inamullah Samangani said in a tweet that the council directed the economic commission headed by Mawlawi Abdul Salam Hanafi to take urgent... |
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Iran estimates tax cheats costing the country $4.5bn a year Irans tax body estimates that evasions may total the equivalent of $4.5 billion per year.
The Iranian National Tax Administration (INTA) estimates that tax evasions in the country can amount to around half of its revenues at around $4.5 billion as the government moves to crack down on tax cheats... |
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India port operator cancels ban on Iranian cargo The Adani Ports group removes its ban on processing ships from Iran at Mundra port.
Indias largest port operator has finally lifted a ban imposed in October on cargo coming from Iran.
Irans semi-official ILNA news agency said in a Thursday report that Adani Ports had reversed its decision to stop... |
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Irans Oil Ministry, Azerbaijans SOCAR press for expanded ties Photo shows Iranian Oil Minister Javad Owji and president of Azerbaijans SOCAR energy company Rovnag Abdullayev shaking hands before a meeting in Tehran on December 8, 2021.
The Iranian Oil Ministry and Azerbaijans SOCAR energy company have discussed avenues for increased cooperation in oil and... |
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UAE to build 300 MW power projects in Irans Khuzestan A solar farm in Iran. The country plans to install 5,000 MW of renewables by 2022.
An Emirati company specializing in renewable energy has signed an initial agreement to install 300 megawatts (MW) of power capacity in Khuzestan province in southwest Iran, a report says.
Under an MoU signed between... |
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Afghan currency hits new low against the US dollar Afghanistans national currency, the Afghani, lost significant value against the US dollar on Tuesday trading at a dismal 100 AFN to the dollar.
This was against Mondays rate of 96.9 AFN to the dollar.
Da Afghanistan Bank, Afghanistans Central Bank, said in a statement that the stronger US dollar,... |
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Chinas grain output reaches record 682.8 mln tons in 2021 (Video) Chinas grain output reached a record high of nearly 683 million tons in 2021, surpassing 650 million tons for the seventh year in a row, official data revealed on Monday.
The countrys grain output increased by 2 percent year on year and reached 682.8 million tons this year, according to the National... |
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UK trade minister Trevelyan to seek closer ties on US trip, deal remains distant Britains International Trade Secretary Anne-Marie Trevelyan speaks during the Global Investment Summit at the Science Museum, in London, Britain, October 19, 2021. (Reuters photo)
The United Kingdom will press the United States to remove Trump-era tariffs on British steel and aluminum after the US... |
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Donors still to decide on shifting frozen funds for Afghanistan Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide about a transfer of funds to humanitarian aid agencies by December 10, a World Bank spokesperson said on Friday.
The World Banks board this week backed transferring $280 million from the $1.5... |
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UK is in danger of becoming a corrupt country: Labour MP Senior Labour MP Dame Margaret Hodge (File photo)
A leak in the Pandora Papers shows that the United Kingdom is on the verge of becoming a corrupt country since it is failing to take economic crime seriously enough, says the former chair of the public accounts watchdog.
Speaking to MPs in the Commons,... |
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World Bank backs using $280 million in frozen aid funds for Afghanistan The World Banks board has backed transferring $280 million from a frozen trust fund to two aid agencies to help Afghanistan cope with a brewing humanitarian crisis after the U.S. withdrawal, two sources familiar with the matter told Reuters on Wednesday.
The 31 donors to the World Bank-administered... |
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Dollar falls; yen and Swiss franc gain in post-Omicron gyrations This file photo taken on September 22, 2010 shows a bank teller counting 10,000 yen (115 USD) bank notes in Tokyo. (AFP photo)
The US dollar fell on Wednesday morning in trading that saw the safe-haven yen and Swiss franc appreciate even as the risk-on British and Australian currencies rebounded from... |
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Report: Iran delivers 2 million barrels of condensate to Venezuela Venezuela swaps its heavy oil for Iranian condensate to improve the quality of its tar-like crude.
Venezuelas state-run firm Petroleos de Venezuela (PDVSA) has received 2 million barrels of condensate from Iran, S&P Global Platts reports.
The cargo was expected at the Jose terminal in northeastern... |
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Three Russian aircraft with humanitarian aid arrive in Kabul Three Russian aircraft landed in Kabul on Wednesday carrying 36 tonnes of humanitarian aid, Russias TASS news agency reported.
All three Russian Ilyushin Il-76 aircraft, involved in delivering humanitarian aid to Afghanistan would also evacuate Russian citizens, as well as citizens of the Collective... |
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Iran lowers starting capital requirements for offshore banks to $5 mln File photo shows the aerial view of high-rises in the southern Iranian free trade zone of Kish.
The Iranian government has persuaded the countrys central bank to significantly lower the starting capital requirements needed to set up an offshore bank in free trade zones amid efforts to boost foreign... |
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US shares sink over scare of new COVID variant This picture shows a view of the Big Apple from the Staten Island Ferry on November 29, 2021 in New York City. (Photo by AFP)
The emergence of a new coronavirus variant has plunged Wall Street stocks into a free-fall as shareholders fear fresh lockdowns.
Experts predict the Omicron coronavirus variant... |
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