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Economy
Bitcoin: $1bn seized from Silk Road account by US government
More than $1bn (£772m) in Bitcoin linked to the notorious Silk Road website has been seized by the US Department of Justice (DoJ).
Earlier this week, crypto-currency watchers noticed about 70,000 bitcoins being moved from an account…
Covid: Denmark removed from UK’s travel corridor list
Denmark has been taken off the UK's coronavirus travel corridor list, the transport secretary has said.
Passengers arriving in the UK from 04:00 GMT on Friday will need to self-isolate for 14 days.
Grant Shapps said it was an…
Saudi finance minister: Vision 2030 ‘tried and tested’
Saudi Arabia’s finance minister said on Wednesday that the kingdom’s Vision 2030 to diversify the economy away from oil has been “tried and tested”, particularly during the coronavirus pandemic.
“It proved to be the right plan. The economy…
IMF ready to help Lebanon but needs partner in government, Georgieva says
The International Monetary Fund is “ready and very willing” to work with Lebanon to solve its financial problems and restructure its debt, but needs a partner in the Lebanese government, IMF Managing Director Kristalina Georgieva said on…
IMF: Financial system stable ‘for now,’ but vulnerabilities rising
Policymakers’ unprecedented response to the global health crisis has contained risks to the financial system, but a prolonged recession or policy missteps could ignite growing vulnerabilities worldwide, the International Monetary Fund…
UAE: OPEC+ plans to ease oil cuts from January as agreed
The energy minister from the United Arab Emirates (UAE) said on Tuesday that OPEC+ oil producers will stick to their plans to taper oil production cuts from January.
“It will be reduced again at the end of this year as we walk to 2021,”…
German economy may return to pre-crisis levels in early 2022, Finance Minister says
The latest economic data provide hope that Germany’s economy can return to pre-crisis levels in early 2022, Finance Minister Olaf Scholz said on Tuesday.
Germany’s rising level of government debt is not a problem because the country can…
French cabinet to discuss coronavirus measures on Tuesday
The French cabinet will meet on Tuesday to discuss further measures to fight the coronavirus pandemic, Junior Housing Minister Emmanuelle Wargon said.
When asked on Sud Radio about the likelihood of a curfew for cities such as Paris where…
Iran is obliged to Accept the Nuclear Deal As Sanctions are leading the Country’s Economic Reality…
Analysts clarified that when the international community imposed sanctions on Iran, it was forced to accept the nuclear deal as those sanctions have had a chilling effect on Iran’s economic reality. Iran’s economic reality is in tatters,…
UK-EU deal ‘do-able’: UK trade minister
Britain’s trade minister Liz Truss said a deal with the European Union over the pair’s future trading relationship is “do-able” as the end of a transition period approaches.
“A deal is absolutely do-able. We know the type of deal we want,…