Germany on Monday opened an investigation against Apple over anti-competition practices, as the iPhone maker became the fourth US tech giant to be hit by such probes.
Germany opens antitrust probe against Apple
Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin liquidity for the losses.
Bitcoin tumbles 10% in wake of strict China restrictions
Iran exported over $100 million worth of cellulose products in the previous Iranian year (ended on March 20), according to Deputy Industry, Mine, and Trade Minister Mehdi Sadeqi-Niaraki.
Iran’s annual exports of cellulose products top $100m
Iran’s Oil Minister Bijan Namdar Zanganeh said the country has lost an estimated $100 billion in crude revenues since 2018 because of US sanctions that hampered sales and due to lower prices in international markets that was caused by the coronavirus pandemic.
Minister estimates Iran lost $100b in crude revenues since 2018
Iran’s Ministry of Industry said car output in the country increased in the two months to late May as domestic manufacturers continued to dominate a local market where major international brands have almost no presence.
Iran reports 8.8% growth in car output in two months to late May
Iranian President Hassan Rouhani inaugurated 52 development projects worth over $14.7 billion in the country’s free trade and special economic zones on Monday.
President Rouhani launches over 50 FTZ projects
A group of 15 West African countries have adopted a new road map to launch a single currency in 2027 after its previous plans were derailed by the coronavirus pandemic.
West African regional bloc adopts new plan to launch single currency in 2027
Iran produced 49,989 tons of copper cathode during the two months to May 21, which marks a 16 percent growth compared to the figure for the same period last year.
Iran’s two-month copper cathode production up 16%
Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go before the start of the peak summer season.
Airlines, holiday companies ramp up pressure on Britain to ease travel rules
The Trade Promotion Organization of Iran said exports from the country to Syria increased significantly in the two months to May 21.
Iran’s two-month exports to Syria up: TPO

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