Economy

Iran says it has revived oil swap deal with Kazakhstan after 10 years

Oct 15, 2022 16:20

Iran has agreed to resume an oil swap deal with Kazakhstan some 10 years after the deal stalled due to technical and political problems.
UK's new finance minister admits 'mistakes' as Tory govt. faces collapse

Oct 15, 2022 09:05

Britain's new Finance Minister Jeremy Hunt has warned of looming tax hikes while admitting to "mistakes" by his short-lived predecessor in a disastrous budget.
Fuel supplies disrupted in France as strikes in refineries continue

Oct 14, 2022 12:27

French refinery workers have continued their strikes as a petrol crisis drags on across the country, with authorities threatening to resort to force to end the strikes.
Iran censures France’s double standards on worker strikes

Oct 14, 2022 08:59

Foreign Ministry Spokesman Nasser Kan’ani has slammed France’s double standards in dealing with the energy sector workers’ strikes, in a veiled reference to French President Emmanuel Macron’s expression of support for Iranian protesters.
France implies US taking advantage of EU energy crisis amid Ukraine conflict

Oct 11, 2022 16:27

France's finance minister has warned that the United States should not be allowed to dominate the global energy market while the EU suffers from the consequences of the ongoing conflict in Ukraine.
India says it will buy oil 'from wherever it has to'

Oct 08, 2022 09:13

India will continue to buy oil from wherever it has to, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has said, noting no country has told New Delhi to stop buying Russian oil.
US lawmakers pushing to cut military support for Saudi Arabia in response to OPEC+ oil cuts

Oct 07, 2022 07:05

A group of Democratic lawmakers has introduced a bill to end Washington’s military support for Saudi Arabia and the UAE as the Biden Administration is mulling a response to the recent OPEC+ decision to cut output by two millions barrels a day.
IMF chief warns of darker global outlook and higher recession risk

Oct 07, 2022 06:37

IMF Managing Director Kristalina Georgieva has sounded the alarm regarding the "darkening" global outlook, warning world leaders that the global economy was headed towards a recession if instability continued.
Over 330,000 excess deaths in UK linked to govt. austerity measures: Study

Oct 05, 2022 08:25

A new study shows that in recent years, more than 330,000 excess deaths have occurred in UK due to government's forced reduction in public services and benefits following the implementation of austerity policies of the UK government in light of economic and social conditions.
Eurozone economic downturn deepens, raising fears of recession

Sep 23, 2022 12:42

European economic activity has fallen again this month, according to a new survey, giving rise to fear of a looming recession.