Post Tagged with: "Economics And business"

Iran banks seal deal to get ‘unlimited funds’ from Russia

December 26, 2017 2:30 am
Iran banks seal deal to get ‘unlimited funds’ from Russia

Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country. Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” […]

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Survey says family income of over 70% of Egyptians insufficient for expenses, needs

December 24, 2017 6:30 am
Survey says family income of over 70% of Egyptians insufficient for expenses, needs

A man sells bread outside the al-Azhar Mosque in Cairo, Egypt, on December 8, 2017. (Photo by AFP) A new survey says the family income of more than 70 percent of Egyptians is inadequate for their necessary expenses and needs. According to a survey conducted by the Egyptian Center for […]

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Bitcoin plunges over 12% after soaring near $17,000

December 8, 2017 11:23 pm
Bitcoin plunges over 12% after soaring near $17,000

Bitcoin was traded in Asia at around $17,000 in early Friday but plummeted more 12 percent to below $15,000 hours later. The price of bitcoin – an increasingly popular digital currency – smashed close to $17,000 in early Friday trading in Asia but plummeted more 12 percent to below $15,000 […]

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Bitcoin tops $10,000, marks 10-fold rise in 2017

November 29, 2017 1:59 am
Bitcoin tops $10,000, marks 10-fold rise in 2017

Virtual currency bitcoin soared to an all-time high above $10,000 on Wednesday on major exchanges and digital currency indexes. The value of the cryptocurrency known as bitcoin has soared to an all-time high of above $10,000 on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform […]

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UK admits it no longer among world’s top 5 economies

November 24, 2017 10:00 pm
UK admits it no longer among world’s top 5 economies

British Chancellor Philip Hammond says the country is no longer among the world’s five largest economies.  Britain has openly acknowledged that it is no longer among the world’s five largest economies in what is seen as a result of the country’s controversial decision to pull out from the European Union. […]

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US homes sales accelerate; supply still a constraint

November 21, 2017 9:00 pm
US homes sales accelerate; supply still a constraint

A US flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. (Photo by Reuters) US home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of […]

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Sales of electric cars hit record with strong China demand

6:30 pm
Sales of electric cars hit record with strong China demand

Market figures show sales of electric vehicles surged to a record high in the third quarter, largely due to a strong demand in China.  New indications have appeared that the world is gradually developing an eager appetite for electric cars. Market figures show sales of electric vehicles surged to a […]

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Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

October 14, 2017 9:00 am
Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday. SoftBank and German group Deutsche Telekom, […]

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Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

October 13, 2017 10:09 pm
Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

French carmaker PSA announced on March 6, 2017, the acquisition of General Motors’ European subsidiary, which includes the Opel and Vauxhall brands, for 1.9 billion GBP Britain’s Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of its factories […]

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Russia to link Iran to global payment systems

9:32 pm
Russia to link Iran to global payment systems

Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with global payment systems.   Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with […]

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International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

October 5, 2017 10:38 pm
International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

Investors monitor stock exchange at the Saudi Stock Exchange, or Tadawul. (file photo) The International Monetary Fund (IMF) says Saudi Arabia has a weak economic growth and a rising unemployment level, advising the country to slow down austerity measures it has been adopting in order to curb a huge budget deficit. […]

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US current account deficit reaches $123 billion

September 19, 2017 3:40 pm
US current account deficit reaches $123 billion

Container ships wait to be unloaded at the Port of Oakland, in Oakland, California, on October 26, 2016. (AFP photo) The deficit in the broadest measure of US trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties […]

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High gas prices contribute to US wholesale price hike

September 13, 2017 10:30 pm
High gas prices contribute to US wholesale price hike

Gasoline pumps are wrapped in plastic ahead of the arrival of Hurricane Irma September 9, 2017 in Fort Lauderdale, Florida. (AFP) US producer prices increased in August, manly driven by a jump in the cost of gasoline and there were also signs of a pickup in underlying producer inflation.   […]

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China pushing for electric cars in major market shift

September 10, 2017 10:30 pm
China pushing for electric cars in major market shift

China has the world’s worst air pollution caused by cars that run on fossil fuel. A top Chinese official says the government is pushing ahead a plan to ban cars that run on fossil fuel and is instead encouraging the application of electric vehicles.  Xin Guobin, China’s vice minister of […]

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US trade deficit rises; deficit with China at 1-year high

September 6, 2017 7:00 pm
US trade deficit rises; deficit with China at 1-year high

A container is unloaded from a ship at the Port of Baltimore in Baltimore, Maryland, on October 24, 2016. (AP photo) The US trade deficit increased in July as both exports and imports fell, keeping the US on track to post a larger gap in 2017 compared to last year. […]

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