world economy
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Samsung Secures US Export License for Chipmaking Equipment to China
South Korea's Samsung Electronics has obtained a temporary US export license for semiconductor manufacturing tools to China, following Washington's decision to tighten technology controls earlier this year.
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Venezuela Begins Shutting Oil Wells Amid US Naval Blockade and Storage Crisis
Venezuela's state oil company PDVSA has started closing wells in the Orinoco Belt region as storage capacity reaches its limit, with production set to drop by at least 25% following…
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President Trump Threatens Legal Action Against Federal Reserve Chair Powell Over Incompetence Claims
President Donald Trump announced he is considering legal action against Federal Reserve Chair Jerome Powell, calling him 'incompetent' and suggesting he may push for his removal before Powell's term ends…
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NASA Faces Uncertain Future Under New Leadership Amid Budget Cuts and Political Challenges
Jared Isaacman takes the helm at NASA as the agency grapples with significant workforce reductions and potential budget constraints, raising concerns about its scientific mission direction under the Trump administration.
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China Orders 55 Airbus Jets in Multi-Billion Dollar Deals
Two Chinese airlines have placed orders for 55 Airbus A320neo aircraft worth over $8 billion, with deliveries scheduled between 2028 and 2032, as Airbus continues to expand its footprint in…
- free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars | Safe investment in the Islamic Republic of Iran
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Over Half of Israeli Tech Companies Report Rising Employee Emigration, Threatening Innovation Leadership
A new report by Israel's Advanced Technology Industries Association reveals 53% of tech firms have seen increased emigration requests from Israeli employees, potentially undermining the country's innovation ecosystem and global…
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Iran and Russia Parliamentary Group Stresses Need to Prioritize Private Sector Trade Opportunities
The Iran-Russia Parliamentary Friendship Group emphasized the importance of identifying trade priorities between Tehran and Moscow, with calls for enhanced infrastructure and banking solutions to boost bilateral commerce.
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BBC Faces Fresh Scandal Over Pro-Israeli Propaganda Amid Gaza Genocide Coverage
The BBC has come under severe criticism for distorting public opinion regarding the Israeli regime's genocide in Gaza, with new reports revealing strict editorial guidelines favoring Israeli narratives and suppressing…
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Pakistan and Iran Increase Weekly Flights to Seven to Boost Trade and Tourism
Pakistan's ambassador to Iran announced an increase in direct flights between the two countries to seven per week, aiming to enhance trade, commerce, and tourism.
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Chazabeh Border Officially Joins Iran’s International Transit Network
The Chazabeh border crossing has been integrated into Iran's international transit network, marking a significant milestone for economic development and regional trade expansion.
- free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars | Safe investment in the Islamic Republic of Iran
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Global Leaders in Menstrual Leave Legislation: Which Countries Are Setting the Standard?
A new infographic highlights the countries leading the way in implementing menstrual leave policies for women, showcasing global progress on workplace gender equality.
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China’s Industrial Profits Plunge 13.1% in November Amid Persistent Factory Price Declines
China's industrial profits fell sharply by 13.1% year-on-year in November, accelerating from October's 5.5% drop, despite stronger-than-expected exports, as policymakers face pressure to bolster weak household consumption.
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Israel Ranks Lowest in Global Reputation Index for 2025 Amid Continued Decline
A global index reveals Israel's international reputation has hit its lowest point in 2025, marking the most severe decline since the index's inception twenty years ago, with a 6.1% drop…
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Tehran Chamber of Commerce Urges Government to Scrap Currency Assignment Pacts for Neighboring Countries
The head of Tehran Chamber of Commerce has urged the government to eliminate currency assignment requirements for exports to neighboring nations, claiming the move could boost regional exports by $12…
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EU Enforces New Tax Transparency Law for Digital Assets
The European Union has implemented the 8th Directive on Administrative Cooperation (DAC8), extending tax transparency rules to crypto assets and service providers, with enforcement starting January 1.
- free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars | Safe investment in the Islamic Republic of Iran
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Cash Usage in Europe: Southern Nations Lead While Digital Payments Grow
A 2024 ECB survey reveals cash remains the dominant payment method in the Eurozone, with significant regional variations influenced by cultural and historical factors, even as digital transactions gain traction.
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India’s Rice Reserves Hit Record High, Boosting Export Potential
India's government rice stockpiles reached a record 57.57 million tons by December 1, significantly exceeding targets and strengthening its position as the world's top rice exporter against competitors like Thailand,…
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12th Andrei Stenin International Press Photo Contest Opens for Submissions
The 12th Andrei Stenin International Press Photo Contest has officially launched, inviting professional photojournalists to submit their works by February 28, 2026, with a new category introduced for photographers aged…
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Chinese Refineries Accelerate Purchases of Discounted Russian Crude Oil
Chinese refineries, particularly independent 'teapot' facilities in Shandong province, are increasing purchases of discounted Russian crude oil grades ESPO and Urals, taking advantage of record price differentials amid U.S. sanctions.
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Pakistan’s National Airline Sold in Landmark Privatization Deal
Pakistan International Airlines has been acquired by a consortium led by Arif Habib in a historic privatization deal worth 135 billion rupees, marking a major shift in the country's aviation…
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UN Special Rapporteur Calls for Suspension of Israel’s UN Membership Over Gaza Genocide
Francesca Albanese, the UN Special Rapporteur on human rights in the occupied Palestinian territories, has demanded Israel's suspension from the UN General Assembly and urged political and cultural sanctions against…
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US Bans Import of Foreign-Made Drones and Critical Parts Over National Security Concerns
The Federal Communications Commission has prohibited the import of foreign-produced drones and their critical components, citing unacceptable risks to national security, while allowing continued use of previously approved models.
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Trump’s Tariff Policies Continue to Reshape Global Trade in 2025
President Donald Trump's aggressive tariff policies have pushed average rates from under 3% to 17% in 2025, sparking global negotiations and trade realignments while leaving key deals with China unresolved.
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Iran Seeks to Expand Trade Ties with Eurasian Economic Union
Iran's ambassador to Russia announced efforts to enhance economic cooperation with the Eurasian Economic Union, particularly with Russia, following the implementation of a free trade agreement.
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US Military Actions Disrupt Venezuela’s $8 Billion Oil Trade
Venezuela's oil trade faces an $8 billion disruption as US military threats escalate, with naval escorts deployed and sanctions impacting tanker traffic, according to international reports.
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New York City Tops List of Cities with Most Billionaire Residents in 2025
New York City leads the world with the highest concentration of billionaire residents, according to recent data, underscoring its continued dominance in global finance and investment. The city is home…
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Chinese Firms Seek Refuge in Singapore Amid US Trade Tensions
As trade tensions between the U.S. and China persist, an increasing number of Chinese companies are relocating to Singapore to bypass tariffs and maintain access to key American technologies.
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TikTok to Sell US Operations in Landmark Deal
TikTok has reportedly agreed to sell its American operations, forming a joint venture primarily owned by US investors. The agreement aims to address long-standing concerns over data security and content…
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Asia’s Energy Imports from US Decline in 2025 Amid Trade Tensions
Asian energy imports from the United States are projected to decrease in 2025, largely due to reduced purchases by China following increased tariffs imposed by the Trump administration, according to…
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Iran Eyes Billion-Dollar Indian Market: Branding as Key to Global Success
Iranian businesses are setting their sights on India's vast market, emphasizing the critical role of branding in achieving global success and expanding trade relations between the two nations.
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Venezuela’s Oil Production Faces Shutdown Amid Tanker Blockade
Venezuela's oil industry is on the brink of a production shutdown as storage facilities near capacity due to U.S. sanctions and tanker blockades, potentially slashing oil output by up to…
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Mazandaran Governor: Economic Ties with Uzbekistan Set to Multiply
Mazandaran Province is poised to significantly expand its economic relations with Uzbekistan, according to Governor Mehdi Younesi Rostami. Rostami highlighted the historical and cultural ties between the two nations during…
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India’s Russian Oil Imports Remain Resilient Despite Sanctions
Despite sanctions targeting Russian oil exports, India's imports of crude oil from Russia have remained robust, averaging 1.2 million barrels per day this month. While slightly down from pre-sanction levels,…
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European Parliament Approves Ban on Russian Gas Imports
The European Parliament has voted to ban imports of Russian gas, following through on promises made after Russia's military operations in Ukraine began in 2022; the ban aims to cut…
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BRICS Exploring Alternatives to U.S. Dollar for Trade Settlements
A Brazilian official has stated that BRICS nations are exploring alternative mechanisms for international settlements, although they do not oppose using the U.S. dollar in global trade. The move comes…
