The Iranian stock market on Wednesday, rising nearly 53,000 points, broke the threshold level of 1.6 million points.
Iran’s stock market sets new record
The Iranian government ordered a substantial reduction in tariffs imposed on imports of rice amid price hikes in the local market that came following a decision earlier this month to stop subsidizing rice imports.
Iran lowers import tariffs for rice as prices soar
Six new solar plants will come online in Fars Province in southern Iran on Thursday, marking another watershed in the country’s path to a decarbonized energy system and expanding its renewable portfolio.
Six solar plants to open as Iran expands renewable portfolio
Iran Mercantile Exchange (IME) announced on Wednesday that 3.088 million tons of commodities, valued at over $4.75 billion, were traded in its domestic trading and export halls during June.
IME monthly trade tops $4.75b
During more than three decades of boom in Chile, the middle classes reaped the rewards, but just three months of the coronavirus pandemic has already reduced many to poverty.
Coronavirus turns Chile's middle class into new poor
The Daronghe restaurant in Chengdu in China’s west has reopened but, with business down by half, its staff of 150 come to work on alternate days.
China reopens but businesses struggle to lure back consumers
Saudis braced Wednesday for a tripling in value-added tax, another unpopular austerity measure after the twin shocks of coronavirus and an oil price slump triggered the kingdom's worst economic decline in decades.
Saudi Arabia triples VAT in virus-led austerity push
Confidence among major Japanese manufacturers has plunged to its worst level since the global financial crisis, a key survey showed Wednesday, as the coronavirus dries up global demand.
Japan business confidence worst since 2009 crisis
Domestic Economy Desk Statistics on Iran’s exports of a selected number of products during the first three months of the current Iranian year (March 20-June 20) reflect a growing trend, indicating that the country’s trade is returning to pre-coronavirus levels.
Caretaker minister: Iran’s trade on course to pre-corona levels
Iran and China have agreed to develop a 25-year roadmap for developing strategic partnership, with the idea first conceived in the 1990s, but the two sides have yet to finalize it for implementation.
Iran-China strategic partnership deal awaiting finalization

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