آرشیو

ECB plans end to negative rates era as inflation soars

Negative interest rates will soon be a thing of the past in the eurozone, the European Central Bank’s (ECB) chief signalled Monday, with the bank poised to raise rates for the first time in over a decade to tamp down soaring inflation.

IEA warns against energy crisis deepening fossil fuel reliance

The energy security crisis since Russia's military operation against Ukraine must not lead to a deeper dependence on fossil fuels, International Energy Agency (IEA) chief Fatih Birol said on Monday.

Rouble gains around 4%, heading back towards multi-year highs

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

Biden launches Indo-Pacific trade deal, warns over inflation

U.S. President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief.

German business mood recovers further in May

The mood among German businesses improved in May, a key survey published Monday showed, as Europe's largest economy weathered the first impacts of Russia’s military operation against Ukraine.

IME monthly trade surpasses $2.6b

Iran Mercantile Exchange announced that more than 7.9 million tons of commodities, valued at over $2.6 billion, were traded in its domestic trading and export halls during the month to May 21.

Minister: Iran agrees to jointly develop Hengam oilfield with Oman

Minister of Petroleum Javad Owji said Iran agreed to form a committee with Oman to jointly develop the Hengam oilfield, which straddles their sea border.

Iran’s annual inflation rate drops slightly in May to 38.7%

The Iran Statistics Center (SCI) reported a slight drop in the rate of inflation in the country in the month to May 21.

Iran imposes ban on imports of Apple phones: Report

Iran has imposed a ban on imports of Apple phones into the country, showed a report published in the local media, amid plans by the government to control the use of hard currency resources at a time the country faces US sanctions.

Millionaires join Davos protests, demanding ‘tax us now’

A group of millionaires have joined protests against the World Economic Forum gathering of the business and political elite in Davos, Switzerland, demanding that governments “tax us now” to tackle the burgeoning gulf between rich and poor.