Author: Steven Sahiounie

The former official explained that he would now want to “invest in the parts of life” that he has neglected, and “to explore new opportunities” Ben Wallace resigned as British Secretary of State for Defense, a post he has held since July 2019, according to his resignation letter to Prime Minister Rishi Sunak, which was posted on the UK government’s website on Thursday. Wallace announced his intention to step down in July amid a Cabinet reshuffle being planned by Sunak. Then, Britain’s defense chief said he was tired of politics. In his letter, he explained that he would now want…

“It views is as the most efficient and safe in the current conditions, which make it possible to prevent the expansion of the Ukrainian conflict into the Black Sea,” the source said At the upcoming talks in Moscow, Turkish Foreign Minister Hakan Fidan is expected to suggest that the grain deal be resumed in its original format, a local diplomatic source told TASS on Thursday. “Turkey has repeatedly said that it stands for resuming the grain corridor in its original format involving parties to the Istanbul agreements. It views is as the most efficient and safe in the current conditions,…

Prime Minister Eng. Hussein Arnous met on Wednesday with Iranian Foreign Minister Hussein Amir Abdollahian and his accompanying delegation. The meeting discussed mechanisms for following up on the implementation of the agreements and understandings reached during the recent visit of Iranian President Ibrahim Raisi to Syria and his meeting with President Bashar al-Assad, and ways to strengthen bilateral relations in various fields in a way to achieve mutual interest of the two countries and the two friendly peoples. During the meeting, both sides reviewed several joint projects in the domains of finance, banking, energy, oil derivatives, communications, industry and tourism,…

Inflation is now slightly above the target level, but, nevertheless, we can talk about a fairly low level of inflation, Dmitry Peskov said MOSCOW, August 31. /TASS/. Russian President Vladimir Putin continuously monitors the issue of price inflation on fuel and consumer goods and regularly discusses the topic with the relevant government officials, Kremlin Spokesman Dmitry Peskov told reporters. “There are certain inflationary processes. Inflation is now slightly above the target level, but, nevertheless, we can talk about a fairly low level of inflation. The topic of prices is constantly subject to monitoring by the president; he is constantly discussing…

INTA figures published on Tuesday showed that total tax revenues collected over the March-August period had reached nearly 2,820 trillion rials. The figure is equal to 90% of a five-month target set in the budget law adopted for the current calendar year that started in late March. The INTA said direct tax had accounted for 1,800 trillion rials of revenues over the five months to late August, adding that the figure includes 1,110 trillion rials in corporate tax, some 570 trillion rials in income tax and 120 trillion rials in tax on wealth. Tax receipts in the first five months…

Chief Executive of the National Iranian Gas Company (NIGC) Majid Chegeni made the remarks in a meeting between the Board of Directors of the company and South Pars Gas Complex (SPGC) late on Tuesday. The country’s oil and gas industry has made great success and achiements since two years ago, attributing a large portion of achievements to Oil Minister Javad Owji’s approach to managerial and macro issues, he emphasized, SHANA reported. The NIGC staff take the helm of the country’s energy sector and SPGC enjoys a special status in decision-making process as the complex is producing the highest volume of gas…

The ban reportedly targets unnamed countries in the Middle East The US has expanded the list of nations targeted by its latest ban on supplies of artificial-intelligence chips produced by Nvidia and Advanced Micro Devices (AMD), adding several states in the Middle East to the semiconductor blacklist, Reuters reported on Thursday. According to Nvidia’s regulatory filing seen by the news agency, the curbs that affect its A100 and H100 chips –designed to speed up machine-learning tasks– won’t exert any “immediate material impact” on the company’s results. AMD, which has received a formal letter directing similar restrictions, also envisages no material impact on…

The measure is aimed at easing the strain of the cost-of-living crisis on the population Berlin is considering the introduction of a three-year nationwide rent freeze in an effort to control housing costs in the EU’s largest economy, according to a senior figure in the country’s ruling coalition. The proposal comes amid skyrocketing rents that have caused hardship for tenants as Germans struggle with the fallout from the energy crisis and inflation that has remained persistently high since last year. “We need a breather for tenants – we need a rent freeze for the next three years,” Verena Hubertz, the…

Sweden’s “export motor is in trouble,” Danske Bank has warned Sweden is heading for a mild recession after its GDP dropped by 0.8% in the second quarter compared to the first three months of the year, Statistics Sweden announced on Tuesday. The economic downturn in the Nordic region’s largest economy is linked to reduced exports of goods and a decrease in inventories, which contributed negatively to the GDP figures, data shows. Although the decline was less than the 1.3% contraction that had been predicted, “the Swedish export motor is in trouble,” according to Michael Grahn, chief economist at Danske Bank. …

The bank invested the funds in US and UK companies despite trade tensions between Washington and Beijing, the outlet reports  US investment bank Goldman Sachs set up a fund with Chinese state money to acquire a number of American and British companies, including one providing cybersecurity services for the UK government, the Financial Times reported on Wednesday, citing people with direct knowledge of the fund’s operations. Despite increased tensions between Beijing and Washington, Goldman has inked seven deals using money from a $2.5 billion private equity “partnership fund” that the investment bank created with China Investment Corporation (CIC) in 2017, the…