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Business

  • Business

    Oil falls on uncertainty over fuel demand recovery

    Published by Reuters UK By Mohi Narayan and Scott DiSavino (Reuters) -Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July fell 63 cents, or 0.56%, to $111.41 a barrel by 0432 GMT, while U.S….

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  • Business

    More Russian oil going east squeezes Iranian crude sales to China

    Published by Reuters UK By Bozorgmehr Sharafedin, Florence Tan and Chen Aizhu LONDON (Reuters) – Iran’s crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers….

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  • Business

    Iranian forces fire tear gas at anti-government protesters

    Published by Al-Araby Iranian security forces fired live rounds and tear gas to disperse anti-government protesters in several provinces on Thursday, according to posts on social media, as protests triggered by rising food prices continued to spread. Iranians took to the streets last week after a cut in food subsidies caused prices to soar by…

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  • Iran FM, Azeri deputy PM discuss economic ties

    Tehran, IRNA – Iran’s Foreign Minister Hossein Amirabdollahian has told Azerbaijan’s First Deputy Prime Minister Shahin Mustafayev that energy and transportation are two main fields which the two countries can use to enhance their economic cooperation….

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  • Business

    Spectre of 2023 global recession looms

    Published by The Bangkok Post In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead. Take the recent spike in global inflation as an example. The rapid price rise of world commodities…

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