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Iran welcomes Russia in Europe gas transfer plan
23 Jan 2017 14:07

Iran welcomes Russia in Europe gas transfer plan

Iran welcomes Russian participation in the $۲.۵ billion construction of a pipeline to transfer Iranian gas to Europe, a deputy oil minister says. IGAT-۹ is a ۳۵ billion cubic meter per year pipeline that Iran plans to use to send gas from its giant South Pars field to Europe via Turkey. Russian companies ...

 
Diplomat says China would assume world leadership if needed
23 Jan 2017 14:05

Diplomat says China would assume world leadership if needed

China does not want world leadership but could be forced to assume that role if others step back from that position, a senior Chinese diplomat said on Monday, after U.S. President Donald Trump pledged to put "America first" in his first speech. Zhang Jun, director general of the Chinese Foreign ...

 
Ethics lawyers to sue Trump over foreign payments
23 Jan 2017 14:00

Ethics lawyers to sue Trump over foreign payments

A group including former White House ethics attorneys will file a lawsuit on Monday accusing President Donald Trump of allowing his businesses to accept payments from foreign governments, in violation of the U.S. Constitution. The lawsuit, brought by the Citizens for Responsibility and Ethics in Washington,...

 
UK workers face worst decade for pay over Brexit
25 Nov 2016 11:52

UK workers face worst decade for pay over Brexit

The UK workforce faces the worst period for wages in at least ۷۰ years as the British referendum to exit the European Union lowers real income and living standards, a new report has warned. Britons would earn less in real wages in ۲۰۲۱ than they did in ۲۰۰۸, according to a report by the Institute for ...

 
25 Nov 2016 11:47

UK workers face worst decade for pay over Brexit

The UK workforce faces the worst period for wages in at least ۷۰ years as the British referendum to exit the European Union lowers real income and living standards, a new report has warned. Britons would earn less in real wages in ۲۰۲۱ than they did in ۲۰۰۸, according to a report by the Institute for ...

 
Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion
13 Nov 2016 13:51

Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

Toyota Motor Corp (۷۲۰۳.T) has agreed to a settlement of up to $۳.۴ billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court papers. The proposed settlement covers about ۱.۵ million Tacoma compact pickups,...

 
U.S. banks
13 Nov 2016 13:44

U.S. banks' post-election rally may be just an appetizer

The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency. In recent years, bank stocks have been held back by heavy regulation ...

 
Philippine minister
21 Oct 2016 12:35

Philippine minister 'clarifies' Duterte comments, says trade with U.S. safe

The Philippines will maintain trade and economic ties with the United States, Trade Minister Ramon Lopez said on Friday, a day after President Rodrigo Duterte announced his "separation" from Washington. Duterte made his comments in Beijing, where he was paving the way for what he calls a new ...

 
Justice Department spying on millions of US drivers
27 Jan 2015 14:25

Justice Department spying on millions of US drivers

The US Justice Department has been spying on hundreds of millions of American drivers, says a new report by the Wall Street Journal.The Justice Department has been gathering a national database in order to track in real time the movement of motorists around the US, according to current and former officials ...

 
Iran capable of exporting military equipment: General
23 Nov 2014 14:16

Iran capable of exporting military equipment: General

A top Iranian commander has hailed the Islamic Republic’s self-sufficiency in its defense sector, saying the country has gained the capability of exporting domestically-built military hardware to other states.On Sunday, Iranian Navy Commander Rear Admiral Habibollah Sayyari highlighted Iran’...

 
Iraq Kurdistan exported $3bn worth of oil in 2014
8 Nov 2014 13:35

Iraq Kurdistan exported $3bn worth of oil in 2014

Iraq's semi-autonomous Kurdistan region has exported nearly three billion dollars worth of oil to southern Turkey since the beginning of 2014 despite Baghdad calling such exports illegal."Since January 2014 to date, 34.5 million barrels of oil have been exported from the Kurdistan Region, of which ...

 
Germany exports to Iran up 33% to reach €1.6b
5 Nov 2014 13:57

Germany exports to Iran up 33% to reach €1.6b

Germany exported 1.6 billion euros of commodities to Iran in the first eight months of this year following an interim nuclear deal reached between the Islamic Republic and the P5+1 group, official data show.New figures, released by Germany’s Statistics Office, show a 33-percent increase year-on-...

 
1/4 of people across Europe at risk of poverty: Report
5 Nov 2014 13:48

1/4 of people across Europe at risk of poverty: Report

A recent report by the statistical office of the European Union (EU), Eurostat, shows that almost a quarter of the people across the 28-member bloc, or over 120 million, are at the risk of poverty or social exclusion.Eurostat revealed in a report on Tuesday that 122.6 million people, equaling 24.5 percent ...

 
US economy still fragile despite ongoing recovery
31 Oct 2014 11:30

US economy still fragile despite ongoing recovery

The US Federal Reserve's announcement to end asset purchase program and keep federal funds rate at near-zero signals that the US economy is recovering, but remains vulnerable, experts told RIA Novosti.“The US economy is indeed recovering…However, the low federal funds rate is a recognition ...

 
Pentagon, Lockheed sign $4 billion deal for more F-35 jets
25 Oct 2014 18:43

Pentagon, Lockheed sign $4 billion deal for more F-35 jets

The United States Department of Defense and Lockheed Martin have struck a deal worth about $4 billion, sources say.The contract signed for an eight batch of 43 F-35 fighter jets will lower the cost of the radar-evading warplanes by 3 percent, the sources stated on Thursday.Lockheed Martin will undertake ...

 
U.S.: Islamic State earns $1 million per day in black market oil sales
24 Oct 2014 10:28

U.S.: Islamic State earns $1 million per day in black market oil sales

Islamic State militants are amassing wealth at an unprecedented pace, earning about $1 million a day from black market oil sales alone, a U.S. Treasury Department official said Thursday.David Cohen, who leads the department’s effort to undermine the Islamic State’s finances, said the extremists ...

 
340,000 elderly will be denied care in new cuts: Vital help to be restricted to those who need assistance with two or more tasks
24 Oct 2014 10:26

340,000 elderly will be denied care in new cuts: Vital help to be restricted to those who need assistance with two or more tasks

Vital help for elderly people will be restricted to only those who need help with two tasks or more, the Government said last night.Councils have been told to provide home helps and other assistance only if people are unable to complete two or more essential daily tasks.If they are unable to do only ...

 
Poor growth keeps UK interest rates at record low: Economist
19 Oct 2014 14:53

Poor growth keeps UK interest rates at record low: Economist

The Bank of England’s chief economist says interest rates in the UK could linger at record lows for much longer than previously estimated due to poor wage growth and global economic fears.Chief economist, Andrew Haldane, said on Friday that real wages are falling, productivity is stagnant and ...

 
Fighting ISIS: $1.1bn already spent, ‘30 years of war’ to come
8 Oct 2014 08:47

Fighting ISIS: $1.1bn already spent, ‘30 years of war’ to come

As the Pentagon reports spending of over $1 billion on bombing ISIS in Iraq and Syria, ex-Defense Secretary Leon Panetta says the fight against the Islamist movement may take as long as 30 years.Since mid-June, when militants from the Islamic State (also known as ISIS, or ISIL) launched their lightning ...

 
Sex workers demonstrate in the centre of Madrid on February 15, 2014. (AFP Photo/Pedro Armestre)
26 Sep 2014 16:05

Prostitution and drugs boost Spain’s GDP by €9bn

Prostitution, drug trafficking and other illegal activities have finally been included in Spain’s gross domestic product, boosting it by 9 billion euros according to the latest statistics.Latest data from the National Statistics Institute (INE) reveals the drug trade, prostitution, illegal weapon ...