Political observers are noting that as Democratic candidates are rallying around Federal Trade Commission Chair Lina Khan, Vice President Kamala Harris is noticeably absent. Although candidates in Arizona, Texas, and Illinois have embraced Khan’s bold antitrust agenda, Harris has opted not to appear with her. Observers say she is distancing he...
BERLIN (AA) – If Donald Trump is re-elected, his four-year term could cost Germany up to €180 billion (approximately $194.2 billion) in a “trade war,” German Economic Institute (IW) said in a report released on Thursday. According to the report, Trump’s pledge to increase tariffs to reduce the US trade deficit could cause sig...
ISLAMABAD (AA) – Pakistan has urged economic collaboration among Shanghai Cooperation Organization member states as a two-day leaders’ summit of the organization began in the capital Islamabad on Wednesday. “Investment in regional infrastructure, particularly in the realms of transport and energy is indispensable, for advancing economic ...
Israel’s green-tech start-ups are failing to lure investors due to the country’s wars against Gaza and Lebanon. Venture capitalists are expressing concern over the impact of the country’s violence on the tech sector. Avi Balashnikov, chair of the Israeli Export Institute, noted the urgent need for funding, as investment in the country’s tech s...
ISLAMABAD (AA) – Pakistan is set to host the 23rd meeting of the Council of the Heads of Government (CHG) of the Shanghai Cooperation Organization (SCO) on Oct. 15-16, bringing together top officials from key regional powers to discuss economic and cultural cooperation. As the current chair of the council, Pakistan’s Prime Minister Shehb...
Americans will see a 2.5% cost-of-living adjustment to their benefit payments next year. The Social Security Administration has said the cost-of-living adjustment will begin with benefits payable to nearly 68 million social security beneficiaries in January 2025. Increased payments to nearly 7.5 million recipients will begin on Dec. 31. The ea...
ISTANBUL (AA) – Hurricane Milton losses could fully deplete American insurers’ 2024 catastrophe budgets, according to a report by the S&P Global. The agency said it assumes insurers’ exposure to property business in the US state of Florida is less than 33% of their total insurance business. Citizens Property Insurance Cor...
ISTANBUL (AA) – Kazakh nationals have voted in favor of building the country’s first nuclear power plant during a referendum, according to preliminary results. The Kazakh Central Election Commission announced in a briefing on the preliminary results of the referendum that the voter turnout stood at 63.66%, with more than 7.8 million of 1...
ANKARA (AA) – One year into a devastating Israeli war, hundreds of thousands of Palestinians continue to be forcibly displaced across the Gaza Strip amid destruction, hunger, and fear. The Israeli army launched a brutal offensive on Gaza following a Hamas attack on Oct. 7, 2023. It has killed nearly 42,000, mostly women and children, [&h...
ABUJA, Nigeria (AA) – Nigeria has announced that it will start selling crude oil in local currency instead of the US dollar. The latest announcement comes after several countries began selling oil and gas in local currencies following the outbreak of the Russia-Ukraine conflict in February 2022. Mohammed Manga, director of Information an...
