Business

Russia is estimated to be a state that has broken a record in terms of gold acquisitions this year, heavily relying on the precious metal amid a new looming crunch. The same approach was last taken note of by analysts in the midst of the 1993 market reforms.

MOSCOW (Sputnik) - Tehran will certainly continue to fulfil its commitments under the Joint Comprehensive Plan of Action for now, but various scenarios could be considered, Iranian Ambassador to Russia Mehdi Sanaei said Tuesday.

Shares for Japan's second-largest automaker plummeted on Tuesday after company CEO and chairman Carlos Ghosn was questioned and arrested for financial misconduct.

The continued fall of FAANG stocks – Facebook, Apple, Amazon, Netflix and Google – on Monday left the blue-chip basket of equities down almost $730 billion after a six-week sustained decline, stoking investor fears of the US technology sector entering a bear market.

Economic experts from major international financials, academic circles, and government agencies say the US is facing mounting risks of a recession due to elevated uncertainty in international trade, a possible slowdown in domestic investment, and rising costs of doing business.

A top US central banker says the US economy is in good shape and able to withstand the mounting risks of uncertainty and turmoil possibly coming from overseas.

A senior Cuban official says the country is looking closely at the Special Purpose Vehicle the EU is creating for Iran, because Havana may benefit from a similar mechanism.

Major US stock barometers displayed a negative drop on Monday on the heels of weaker stock performance from Facebook and Apple.

The price of bitcoin sunk to a 13-month low of $5,141 on Monday, sustaining an 8 percent daily drop less than a week after the price dropped 15 percent in one day.

Speaking at a conference in Singapore, International Monetary Fund head Christine Lagarde noted that central banks should ponder issuing digital currencies, as the move could render digital currency transactions safer.

Japanese automaker Nissan has been hit with fresh challenges after the company's chairman was taken into questioning on Monday for alleged fraud.

The Mideast country has seen the first surge in gold mining activity in wake of the second rollout of US-initiated limitations, which took effect in early November, taking particular aim at Iranian oil exports, which last year stood at $40.1 billion worth of oil, accounting for 4.8% of the global total.

TOKYO (Sputnik) - Japan is ready to continue efforts on developing economic relations with Russia, Japanese Economy, Trade and Industry Minister Hiroshige Seko said on Monday.

After a no-good, very-bad week facing down the intractable realities of Brexit, UK Prime Minister Theresa May is facing the fiercest challenge of her career, one she may not weather, according to reports.

The company plans to open the tunnel on the 10th of December and charge one dollar for entry after the first day.

The southern Pacific tiny island nation of Tonga has become the newest member of the China-led investment initiative known as the “Belt and Road,” with China, in turn, deferring Tonga’s payments on its existing debt.

The US and its key Pacific allies signed a joint agreement to boost investment in the infrastructure of Papua New Guinea, suggesting the effort could counterbalance the onset of China’s “yuan diplomacy” in the southern Pacific.

In the aftermath of the deadly 9/11 terrorist attacks, the US has spent over $5.9 trillion on wars abroad that have resulted in the deaths of an estimated 500,000 people, according to Costs of War, research published by the Watson Institute for International and Public Affairs at Rhode Island’s Brown University.

On Friday, NASA officials confirmed that the Origins Spectral Interpretation Resource Identification Security - Regolith Explorer (OSIRIS-REx) spacecraft successfully tested a key component in its upcoming asteroid-sampling mission.

By not showing up, the US president - and thereby the nation he represents - loses ‘face’ in Asia, according to reports.