Iraq and China started building 15 new cities in Iraq

Iraq and China started building 15 new cities in Iraq

On Friday Iraq broke ground on 30,000 housing units near Baghdad, as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq, Bloomberg has reported. The government of Prime Minister Mohammad Shia al-Sudani is seeking to build 250,000 to...
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Iran, Eurasian Economic Union sign free trade agreement

Iran, Eurasian Economic Union sign free trade agreement

Iran and the Eurasian Economic Union (EAEU) have signed a major agreement to start free trade some six years after Tehran joined the bloc in a bid to diversify its trade partners amid sanctions imposed by the West. The office of...
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$446 Billion: The solution to China’s real estate panic

$446 Billion: The solution to China’s real estate panic

Beijing announced the two-pronged approach over the past few weeks, which have top-level political backing for financing equivalent to approximately 10% of annual new home sales in what media described as the “Singapore” model. The plan is more of...
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Iran unveils Fattah-2 hypersonic missile and Mehran air defense system

Iran unveils Fattah-2 hypersonic missile and Mehran air defense system

Iran’s IRGC has unveiled the homegrown Fattah-2 hypersonic missile as well as other new military achievements. Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei toured an exhibition showcasing the latest achievements of the IRGC Aerospace Force ...
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China Unveils Plan To Mass Produce Human-like Robots

China Unveils Plan To Mass Produce Human-like Robots

China is setting out to mass produce human-like robots in two years, an ambitious plan that, according to a blueprint issued by the Ministry of Industry and Information Technology (MIIT), it hopes will make the regime in Beijing the leader...
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TSMC 2nd Fab in Kumamoto Awaiting JPY 900 Billion in Subsidy

TSMC 2nd Fab in Kumamoto Awaiting JPY 900 Billion in Subsidy

Media reports quoting Yoshihiro Seki, a member of Japan’s House of Representatives, that Japan plans to add JPY 1.49 trillion (US$ 10 billion) to its budget for subsidizing two important semiconductor investment projects, namely, TSMC and Rapidus. Japan ...
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North Korea Launched New Tactical Nuclear Attack Submarine

North Korea Launched New Tactical Nuclear Attack Submarine

Pyongyang says it has nuclear-tipped missiles which are capable of being fired underwater. State media descriptions have said it has ten total missile launch tubes, with four bigger than the others. The sub will next undergo sea trials. “We are full of...
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China becomes world’s No.1 maritime fleet owner

China becomes world’s No.1 maritime fleet owner

China has overtaken Greece as the world’s largest maritime fleet owner in terms of gross tonnage (GT), global shipping information provider Clarksons Research said on Saturday. Greece held that position for a decade, but China’s position as the wor...
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China GDP Grows 6.3% in Second Quarter

China GDP Grows 6.3% in Second Quarter

China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence. The jobless rate for the 16-24 age group hit a new...
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Alibaba CEO Daniel Zhang to step down

Alibaba CEO Daniel Zhang to step down

Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will...
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The discovery of a lithium mine in Iran

The discovery of a lithium mine in Iran

Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world...
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Apple now gets roughly 7% of its iPhones from India

Apple now gets roughly 7% of its iPhones from India

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India...
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India to drop US dollar in cross-border trade

India to drop US dollar in cross-border trade

India has opted to offer its Indian Rupee (INR) as a trade currency alternative to the US dollar after it unveiled its latest “dynamic and responsive” foreign trade policy in a bid for de-dollarization. According to the Indian Commerce Secretary...
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Iran discovered world’s second-largest lithium deposit

Iran discovered world’s second-largest lithium deposit

Iranian officials claimed to have found a deposit containing 8.5 million metric tons of lithium ore in the country’s Hamedan Province. Lithium is a crucial raw material for the production of batteries, used in all kinds of electronic devices, from...
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Adani fights back

Adani fights back

Ever since the Adani Enterprises Limited Follow-On Offer opened on January 27, the group has been on the backfoot post the Hindenburg report questioning it and its finances. The aftershocks of the report rattled the group and its impact was...
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