Kazakhstan plans to bring the share of investments in the country’s gross domestic product (GDP) to 30 percent in the next five years, said Kazakh Minister of National Economy Ruslan Dalenov. …
Kazakhstan Provides Economy with More Than $500 Million in Loans
From the beginning of this year, the number of business loans in Kazakhstan has risen 1.4% or $424.4 million up to $35 billion in total. This data was revealed by Erbolat Dosaev, head of the National …
South Korea Jobless Rate Jumps to 10-year High Amid Pandemic
(Bloomberg) — South Korea’s jobless rate jumped to a 10-year high in May as the coronavirus pandemic continued to take a toll on the country’s trade-dependent economy.The unemployment rate climbed to …
Venezuela Receives COVID-19 Medical Aid From Iran
Venezuela has received an air cargo shipment of aid from Iran in another sign that ties between the Islamic republic and the South American country — both targets of U.S. sanctions — are …
Russia, China build case at U.N. to protect Iran from U.S. sanctions threat
Russia and China have started making the case at the United Nations against Washington’s claim that it can trigger a return of all sanctions on Iran at the Security Council, with Moscow invoking a …
Iran-Israel cyberattacks threaten unofficial rules of engagement
A recent exchange of alleged cyberattacks on critical infrastructure between the two regional rivals is rattling the Middle East and threatens to change the unofficial but implicit agreement on the …
Stuck-at-Home Demand Prompts Japan Hardware Store Consolidation
Japan had just 28 of the stores in 1973 … The company will take out a 109.6 billion yen loan from Sumitomo Mitsui Banking Corp. to finance the acquisition. Sales of a combined entity would vault it …
Why Hydrogen, Why Now? Because Climate, Economy And Finance Say So
Why hydrogen? Simply, it can do things electrons cannot. As a molecule, it can be used as a convertible ‘currency’ between renewable energy, chemical feedstock, transport fuel, residential and …
How covid upended 20 million lives in India’s finance hub
When the bubonic plague arrived on ships in 1896, death and fear emptied half of Mumbai. Ensuing labor shortages devastated the city’s cotton mills, the mainstay of the contemporary economy. Although …
India’s economy to contract by 3.2 per cent in fiscal year 2020/21: World Bank
The Washington-based multilateral lender said that the COVID-19 pandemic and the multi-phased lockdown imposed to curb its spread has resulted in a devastating blow to the Indian economy.