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Economy
Trump to sign new immigration ban on Wednesday
U.S. President Donald Trump said in a tweet he would sign an executive order curbing immigration later on Wednesday, in a move he has said would protect U.S. workers amid the economic fallout from the coronavirus outbreak.
Trump on…
Trump touts safety of U.S. states reopening despite warnings of virus resurgence
President Donald Trump on Wednesday applauded steps taken by a handful of Republican-led U.S. states to start reopening their economies despite warnings of a potential fresh surge of coronavirus infections.
“States are safely coming…
Iran’s Guards say launched first military satellite into orbit
Iran’s Revolutionary Guards Corps said on Wednesday it had successfully launched the country’s first military satellite into orbit, at a time of heightened tensions with the United States over Tehran’s nuclear and missile programmes.…
Kremlin: too early to react to weak oil, let’s wait for OPEC+ deal impact
The Kremlin said on Wednesday that it was too early to draw any conclusions about possible additional steps to stem the slump in oil prices before the global deal agreed by the OPEC+ group takes effect on May 1.
“We should make an…
Iran will fare better than others after oil price drop, says Rouhani
Iran will not suffer as much as other countries from the oil price drop because it is less reliant than others on crude exports, Iranian President Hassan Rouhani said on Wednesday.
The United States exited in 2018 Tehran’s nuclear deal…
Iran’s Zanganeh says oil production cut should be taken seriously
Oil producer countries should respect crude production cuts aimed at stabilizing the oil market, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday.
“The market will stabilize gradually if the oil production cut is respected…
Saudi says ready to take extra steps with OPEC+ to stabilise oil market
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, state news agency SPA reported citing a cabinet statement.
The comments by…
Global hunger could double due to COVID-19 blow: U.N.
The number of people facing acute food insecurity could nearly double this year to 265 million due to the economic fallout of COVID-19, the United Nations’ World Food Programme (WFP) said on Tuesday.
“COVID-19 is potentially catastrophic…
Oil prices crash below $3 per barrel for first time in 21st century
A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in decades.
US benchmark, West Texas Intermediate, has fallen to the $3 range as global economies…
U.S. senators propose $500 billion rescue for state, local governments
A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that the next coronavirus relief bill will not include money for reeling local…