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World Bank works to redirect frozen funds for humanitarian aid only The World Bank is finalizing a proposal to deliver up to $500 million from a frozen Afghanistan aid fund to humanitarian agencies, people familiar with the plans told Reuters, but it leaves out tens of thousands of public sector workers and remains complicated by U.S. sanctions.
Board members will... |
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Iran, Turkmenistan, Azerbaijan sign gas swap deal Photo published by Iranian Cabinet news service Solat.ir shows Irans Oil Minister Javad Owji (R) while signing a trilateral gas swap deal in the Turkmen capital Ashgabat on November 28, 2021.
Iran, Turkmenistan and Azerbaijan have signed an agreement that allows the supply of natural gas from Turkmenistan... |
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Peace in Afghanistan vital for transit trade corridors: Qureshi Pakistans Foreign Minister Shah Mahmood Qureshi says peace and stability in Afghanistan is vital for the full operationalization of transit trade corridors of Economic Cooperation Organization member states, Pakistans state-run Radio Pakistan.
Addressing the 25th Council of Ministers Meeting of... |
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TAPI project suspended in Afghanistan until situation stabilizes The implementation of the TAPI (Turkmenistan - Afghanistan - Pakistan - India) project has been suspended until the situation in Afghanistan stabilizes, Pakistans Federal Minister for Economic Affairs Omar Ayub Khan told Russias TASS news agency this week.
"The work on the TAPI, as well as on other... |
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Reliance, Aramco call off $15 bln deal amid valuation differences, sources say Saudi Aramco has called off a deal for buying shares in Indias Reliance Industries amid valuation issues.
Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources... |
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Iran to divest shares in its largest gasoline refinery The Iranian government will sell its shares in the largest gasoline refinery in the country.
The Iranian government is planning to hold an initial public offering (IPO) for its largest gasoline refinery within weeks as part of a privatization campaign which is meant to attract financial resources... |
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UK factories struggle to meet record demand as supply issues continue Empty shipping containers stacked on an old runway next to the A140, as supply chain congestion and a lorry driver shortage lead to backlogs. (Getty Images)
Factories in the United Kingdom are having a hard time satisfying the record demand for their goods due to severe supply constraints, a report... |
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Pinpointing root causes of JCPOA failure, Russia urges undoing of US withdrawal, anti-Iran sanctions Russias Ambassador to the International Organizations in Vienna Mikhail Ulyanov leaves the Grand Hotel on the day of the ongoing nuclear talks between Iran and major world powers in the Austrian capital Vienna on 7 May 2021. (File photo by Anadolu Agency)
Russias ambassador to the international... |
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Apple halts sales in Turkey People visit an Apple store in Istanbul, Turkey, August 15, 2018. © Reuters / Murad Sezer
US tech giant Apple has suspended sales of its products through its official online store in Turkey, saying prices need revising after a sharp drop in the Turkish currency.
According to Haberturk TV, the... |
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Court orders Bahrain to pay damages to Iran for political expropriation Future Bank had been established as a joint venture between Bahrains Ahli United Bank and Bank Melli and Bank Saderat of Iran in 2004.
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over 200 million euros in damages plus costs to two Iranian banks for the unlawful... |
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Chinese officials reportedly in Afghanistan to explore lithium projects Officials representing several Chinese companies are in Afghanistan to conduct on-site inspections of potential lithium projects, Reuters reported.
Citing Chinas Global Times, Reuters reported that representatives of five companies obtained special visas, arriving in Afghanistan in early November,... |
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Musk issues final warning to JPMorgan Tesla CEO Elon Musk © Reuters / Mike Blake
Tesla CEO Elon Musk has threatened to give the US investment banking giant JPMorgan Chase a bad review on the Yelp platform unless the bank withdraws its $162 million lawsuit against him.
"If JPM doesnt withdraw their lawsuit, I will give them a one-star... |
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Apple and Amazon fined for secret deal © Getty Images / SOPA Images
Italy has fined US tech giants Amazon and Apple roughly $230 million, accusing the firms of anti-competitive cooperation in sales on Amazons Italian platform.
The two companies came under fire for an agreement they struck back in 2018, which allegedly enabled only... |
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India to ban almost all private cryptocurrencies including Bitcoin in new clampdown The new crypto bill will create a new digital currency but ban all but a few private cryptocurrencies. - Copyright Canva
By Euronews, AFP and Reuters • Updated: 23/11/2021 - 16:36
India is on track to ban all but a few private cryptocurrencies after the government announced on Tuesday... |
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Biden orders US strategic oil reserves released FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US, April 21, 2020. © Reuters / Drone Base
US President Joe Biden has ordered the release of 50 million barrels of crude from the countrys emergency stockpile to battle rising gasoline... |
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Iran, Georgia mull corridor linking Persian Gulf to Black Sea Linking the Persian Gulf in the south to the Caspian Sea in the north is the key plank of connectivity programs being sought by Iran.
Iran and Georgia have discussed problems of Iranian transit trucks and agreed to accelerate the finalization of a corridor linking the Persian Gulf to the Black Sea,... |
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Restaurant chain invests all profits in bitcoin and makes a fortune A family-based restaurant chain in Canada has more than quadrupled its gains by investing all profits in bitcoin, which helped keep the firm afloat during the Covid-19 pandemic and allowed it to expand.
Quick-service restaurant chain Tahinis, based in London, Ontario, which serves Middle Eastern... |
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Nord Stream 2: US announces fresh sanctions on Russia-Germany gas pipeline Pipe-laying vessel Akademik Cherskiy owned by Gazprom, which Russia has selected to use to complete construction of the Nord Stream 2 gas pipeline, is seen in a bay near the Baltic Sea port of Baltiysk, Kaliningrad region, Russia May 3, 2020. (Photo by Reuters)
The US government has slapped fresh... |
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IEA says 698 tons of dried fruits exported in last two weeks The Islamic Emirate of Afghanistan (IEA) has announced that 698 metric tons of dried fruit have been exported from Afghanistan in the last two weeks.
Ahmadullah Wasiq, the IEAs deputy spokesman, tweeted Monday that the dried fruit had been exported to Europe, Asia, the United States and Australia.
According... |
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UN warns of colossal collapse of Afghan banking system The United Nations on Monday pushed for urgent action to prop up Afghanistans banks, warning that a spike in people unable to repay loans, lower deposits and a cash liquidity crunch could cause the financial system to collapse within months.
In a three-page report on Afghanistans banking and financial... |
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IMF to revive $6 billion Pakistan funding program The International Monetary Fund (IMF) said on Monday it has reached an agreement with Pakistan that will help revive a stalled $6 billion funding program for the South Asian country, which faces growing economic challenges.
"The Pakistani authorities and IMF staff have reached a staff-level agreement... |
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Russian fleet en route to US to help battle fuel crisis Oil tankers at the loading terminal of the Sheskharis transshipment complex in Novorossiysk, Russia. © Sputnik / Vitaly Timkiv
The US is reportedly getting ready to receive a bulk shipment of diesel from energy-rich Russia as Washington strives to cool down the fuels retail price, which has recently... |
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Biden administration reviewing punitive trade tariffs on China: Clinton Former United States secretary of state Hillary Clinton speaking via video link at the Bloomberg New Economy Forum on Nov 19, 2021. (Photo by Bloomberg)
Former US Secretary of State Hillary Clinton says Washington is in the process of reviewing the punitive trade tariffs imposed on Beijing by the... |
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Shipping rate surge threatens global economy recovery: UNCTAD Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, US, April 7, 2021. (Reuters photo)
A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent... |
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US homebuilding drops, construction backlog surges as shortages worsen Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, US June 3, 2021. (Reuters photo)
Construction of new homes in the United States tumbled in October as activity remains constrained by shortages of materials as well as... |
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Amazon to stop accepting UK-issued Visa credit cards A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. (Reuters photo)
Amazon.com Inc. has announced it would stop accepting payments made with UK-issued Visa credit cards in January.
The e-commerce giant announced the decision in an email to users... |
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Iran to build 5,000 MW of coal-fired power capacity Tabas is the first coal-fired power plant built by Iranian experts.
Iran has to build 5,000 megawatts of coal-fired power capacity in the coming years due to limitations of gas supplies to power plants in cold seasons and the need to diversify the fuel basket of thermal power generation units, a senior... |
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UK inflation soars to near decade-high on energy bills People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021.
British inflation spiked close to a decade-high in October partly on higher energy bills and resurgent post-lockdown... |
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Crypto market dives over Chinas move on digital assets © Global Look Press / Siegra Asmoel
Bitcoin and other cryptocurrencies tanked on Tuesday, retreating from near-record highs, amid tightening of regulations on digital assets.
Top crypto bitcoin dropped almost 8% toward $60,000 during late morning trade, according to CoinDesk data. It recovered... |
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Japans economy shrinks faster than expected on weak consumption, exports Japans preliminary gross domestic product (GDP) data on Monday, showed the worlds third-largest economy shrank an annualised 3.0% in July-September. . (Photo by AFP)
Japans economy has continued to slide in the third quarter of 2021 with global supply disruptions hitting exports and coronavirus... |
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General Soleimani highly charismatic, conqueror of hearts: Daughter
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