Russia has chosen a new contractor to work on the Sirik Power Plant in the southern province of Hormuzagan, said Iranian Energy Minister Reza Ardakanian; the new contractor will start working on the project in the coming weeks.
Iran exported over 5.847 million tons of cement worth $127.99 million during the first five months of the current Iranian year (March 20-August 21), according to data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s main airline, Homa, known internationally as Iran Air, announced that it is restoring flights to Istanbul after a seven-month shutdown that was caused by the spread of the coronavirus pandemic in Iran and other parts of the region.
The National Iranian Oil Company (NIOC) signed 13 major research-based deals valued at over €178.6 million (€35 million plus 7.16 trillion rials) with the country’s universities and research institutes in a ceremony on Monday.
A new investigation by the International Consortium of Investigative Journalists (ICIJ) says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the US imposed penalties on these financial institutions.
World economic output will return to its pre-pandemic level by mid-2021 after a stronger-than-expected economic bounce in recent months, Deutsche Bank said on Monday, but bloated debt levels and a shift in policy could heighten the risk of a financial crisis.
Finance Minister Olaf Scholz said on Monday he expected public debt to reach around 80 percent of Germany’s economic output by the end of the coronavirus crisis, the level it reached at the end of the global financial crisis.
Sweden’s government will pump 105 billion crowns ($12 billion) into the economy in 2021 through tax cuts and spending in a record giveaway aimed at getting the economy back on its feet after the coronavirus pandemic-induced slump.
Taiwan’s export orders grew at their fastest pace in more than two-and-a-half years in August, surging on strong global demand for its telecommuting products, as the coronavirus pandemic forces millions of people around the world to work from home.