world economy
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Yemen’s Ansarullah Strongly Condemns US Military Aggression Against Venezuela
Yemen's Ansarullah movement has vehemently condemned the US military attack on Venezuela, calling it a testament to American brutality and state terrorism, while expressing solidarity with President Nicolas Maduro's government.
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Turkish Airlines to Build World’s Largest Cargo Terminal with $2.3 Billion Investment
Turkish Airlines has announced a $2.3 billion project to construct the world's largest cargo terminal, expected to create 26,000 new jobs, with Istanbul likely as the host city.
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Critical Minerals Emerge as the New Oil in Global Energy Transition
As demand for critical minerals soars in the net-zero transition, geopolitical tensions rise with China dominating production and processing, while the G7 pushes for standardized markets and sustainable practices.
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Global Central Banks Ranked by Total Assets in Q3 2025
The Eurozone, China, and the United States lead the top three positions in the latest ranking of central banks by total assets, according to data from the Bank for International…
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Asian Factories Show Mixed Performance as 2025 Begins, With Tech Exporters Rebounding
Factory activity in Asia's major tech-exporting economies showed signs of stabilization in December, while Southeast Asian nations maintained strong growth momentum, according to the latest PMI data.
- 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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BRICS Common Currency ‘UNIT’ Poses Challenge to US Dollar Dominance
The BRICS+ alliance advances plans for a gold-backed digital currency called UNIT, aiming to reduce reliance on the US dollar in global trade as the bloc expands its economic influence.
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International Journalists’ Union Reports Record High of Journalist Killings in 2025
The International Federation of Journalists has revealed that 128 journalists were killed worldwide in 2025, with over half of the fatalities occurring in the Middle East, marking an unprecedented surge…
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China’s High-Speed Rail Network Surpasses Global Peers in Scale and Speed
China now operates the world's largest high-speed rail network, exceeding 50,000 kilometers in length, with plans to expand to 70,000 kilometers by 2035, according to the state-owned China State Railway…
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US Jobless Claims Drop Ahead of Christmas, Defying Economic Forecasts
Initial unemployment benefit claims in the US fell to 199,000 in the week ending December 27, marking one of the lowest levels in 2024 and coming in below all Bloomberg…
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Iran, China, and Russia Forge Strategic Alliance to Bypass Oil Sanctions Through Shadow Fleet
A once-scattered collection of oil tankers has evolved into a sophisticated parallel logistics and financial ecosystem, enabling Iran, Russia, and China to circumvent Western sanctions and challenge global economic hegemony.
- 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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China Imposes New Restrictions on Silver Exports Amid Industrial Concerns
China's new policies restricting silver exports and tightening controls over the metal will take effect this Thursday, drawing criticism from Tesla CEO Elon Musk who highlighted the industrial importance of…
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Russia’s Gas Exports to Europe Hit Lowest Level in Half a Century
Russia's gas exports to Europe have plummeted to their lowest point in 50 years, marking a dramatic decline in what was once Moscow's most profitable and politically significant energy relationship.
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Ryanair Tops List of Airlines with Most Lost Luggage Complaints, UK Data Shows
Ryanair leads UK airlines in baggage-related complaints, with 954 reports of damaged, lost, or delayed luggage between 2018 and Q3 2022, according to CAA data analyzed by Forbes Advisor.
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India Overtakes Japan to Become World’s Fourth-Largest Economy
India has surpassed Japan to become the fourth-largest economy globally, driven by sustained high growth, with projections indicating it could soon overtake Germany for third place.
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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.
- 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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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…
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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.
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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.
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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…
