World & Politics
WSJ: USA may abandon JCPOA in favor of a new agreement on Iran - 03/14/2022
The US will not negotiate on exceptions to sanctions against Russia to save the JCPOA. The Wall Street Journal reported this, citing a U.S. official. The Wall Street Journal pointed out that the U.S. will not discuss exceptions to "Ukraine-related" sanctions against Russia to "save" the JCPOA. Moreover. Washington will try to conclude an alternative agreement from which Russia will be excluded if...
UK industrial production better than forecast in January - 03/11/2022
Industrial production in the UK rose 0.7% in January against December, according to the country's national statistics bureau. Analysts polled by DailyFX thought the figure rose only 0.1% in monthly terms. On an annualized basis, the figure grew by 2.3 percent, while a 1.9 percent increase was expected. In December, U.K. industrial production rose 0.3% month-on-month and 0.4% year-on-year....
Chinese authorities allocate $253M to support stable wheat production - 03/10/2022
Chinese authorities have allocated 1.6 billion yuan (about $253 million) to support stable wheat production, according to information posted on the website of China's Ministry of Finance. The allocated funds will be used to support winter wheat production in several provinces, to prevent and control major crop diseases and insect pests. The funds will also go to combat the effects of extreme...
IMF approves emergency aid for Ukraine - 03/10/2022
The Executive Board of the International Monetary Fund has approved an emergency financial assistance of $1.4 billion for Ukraine, the IMF said in a statement. "The Executive Board of the International Monetary Fund today approved $1.4 billion ($1,005.9 million special drawing rights). This was to help meet emergency financial needs and offset the economic impact of the war," the document...
Eurostat keeps unchanged estimate of eurozone GDP growth in Q4 - 03/09/2022
Aggregate GDP of 19 eurozone countries, according to final estimates, in the fourth quarter rose by 4.6% year on year and by 0.3% - in quarterly terms, said the European statistical agency Eurostat. The figures were in line with the forecast of analysts surveyed by Daily FX and preliminary estimates. GDP in the European Union in the fourth quarter, also according to final estimates, rose by...
World Bank to support Ukraine with $723M - 03/08/2022
The World Bank board has approved the use of $723 million to help Ukraine, according to a statement on the financial institution's website. According to the statement, the aid package of 489m dollars was approved, of which 350m dollars will be used as a loan. 139 million are envisaged as guarantees, and in addition, a 134 million grant and parallel financing in the amount of 100 million shall...
Iraq to make $100m emergency wheat purchase amid rising prices - 03/08/2022
Iraq intends to buy around three million tonnes of wheat to build a strategic reserve amid rising wheat prices due to the crisis in Ukraine, the country's trade ministry said on Tuesday night. The Cabinet of Ministers approved support to the Ministry of Trade through the urgent allocation of $100 million to buy imported wheat to build a strategic stockpile. The ministry stressed that it had...
Analysts: China's budget deficit 2022 will be 2.8% of GDP - 03/07/2022
China's budget deficit in 2022 will be 2.8% of GDP, according to the country's economic and social development plan released on Saturday. "In 2022, the fiscal deficit as a proportion of GDP is planned at around 2.8 per cent, slightly lower than last year's figure," the document said. China's GDP growth rate in 2022 will be around 5.5 per cent, according to the country's socio-economic...
Expert: The world must invest billions to prevent future pandemics - 03/04/2022
The world must invest billions of dollars to prevent the next pandemic by creating vaccines for each individual virus family. The Financial Times reports this, citing a leading expert. "With a similar set of vaccines, it would take only 100 days to create effective vaccines against the new viruses. Five years would be enough time for the world to implement such a project," says Richard Hatchett,...
Japan starts unlocking its oil reserves - 03/04/2022
As part of the International Energy Agency's (IEA) member countries' agreements, Japan has started unlocking oil reserves and is preparing to sell 7.5 million barrels from strategic reserves. The newspaper Kyodo News reported about it with reference to the comment of the Minister of Industry Koichi Hagiuda. As the newspaper notes, such volume of oil is consumed in the country in four days. The...
