ALGIERS, Algeria (AA) – Algeria threatened Wednesday to cut off gas supplies to Spain if any of the gas winds up in a location other than specified by the contract. Spain’s Energy Ministry earlier confirmed that it planned to ship gas to Morocco but noted that none of that gas would be of Algerian origin. […]
As inflationary pressure drives up costs throughout the economy, a new analysis out Wednesday reveals that corporations are raking in record profits by jacking up prices at the grocery store, gas pump, and beyond—hurting consumers while rewarding investors. The Guardian, which examined Securities and Exchange Commission filings for 100 U.S. co...
TUNIS, Tunisia – A Tunisian politician has called for a rescue plan to help pull the country out of its current political and economic crises. “There must be reforms in order to save Tunisia through a rescue plan to cruise the country out of the political, economic and social crises,” Ahmed Najib Chebbi, a leader […]
ANKARA (AA) – The British government announced on Tuesday the removal of all tariffs covered by the existing UK-Ukraine trade agreement and imposed fresh sanctions on the Russian economy. The decision came in response to a direct request from Ukrainian President Volodymyr Zelenskyy to support the Ukrainian economy, said UK International ...
Research out Monday reveals that CEOs from 28 of the top oil and gas companies enjoyed a combined $394 million in total compensation in 2021, including “eye-popping” bonuses that together topped $31 million. The analysis from Accountable.US, first reported by The Guardian, comes as inflation-hit consumers see gas prices soaring whi...
BEIRUT, Lebanon – Lebanon’s electricity production has completely stopped after the last two functioning power plants ran out of fuel, according to a government official. “The current production of Electricité du Liban (state-run power company) is zero,” Ahmed Abbas, director of the Al-Zahrani plant affiliated with the Ministry of Energy said....
NEW DELHI (AA) – A Muslim innovator’s magic touch is transforming the lives of thousands of distressed farmers in India’s southern province of Karnataka and outside. Even as 70% of people depend upon agriculture directly or indirectly in India, the spate of suicides by farmers due to indebtedness and crop losses has been testing the […]...
WASHINGTON (AA) – Muslim Americans gave an estimated $1.8 billion in charity in 2021, according to a report. The average Muslim gave $2,070 in what is known as ‘Zakat’_ compulsory charity, which is one of the five pillars of Islam. The findings were part of the report released last week by the Muslim Philanthropy Initiative [...
ANKARA (AA) – US Treasury Secretary Janet Yellen has said that high food prices could force at least 10 million more people into poverty in Sub-Saharan Africa. “Today, Russia’s destruction of the Ukrainian economy and its infrastructure is a key factor affecting global commodity prices. The war further exacerbates pre-existin...
BRUSSELS (AA) – EU countries have started banning Russian ships from their ports, with many critical imports, namely oil and natural gas, exempted under the bloc’s latest sanctions. The EU announced its fifth sanctions package on April 5, currently being implemented by Bulgaria, Romania, Estonia, Belgium, Italy, and Greece. As part...
