Lebanese Currency Sinks To New Record Low

BEIRUT, May 25 (NNN-NNA) – The Lebanese pound, yesterday sank to a new historic low, on the parallel market, amid the country’s unprecedented financial crisis, local media reported. The exchange rate of the Lebanese pound declined to 34,000 against the U.S. dollar, down from the previously record low of 30,000…

Sri Lanka Chooses Two Int’l Firms To Advise On Debt Restructuring

COLOMBO, May 25 (NNN-XINHUA) – Sri Lanka hired two international financial and legal advisors, to help restructure the external debt of the Sri Lankan government, cabinet spokesperson, Bandula Gunawardena, told the media yesterday. He said that, the cabinet of ministers, on Monday, approved hiring an international financial advisory service provider…

Aussie state of New South Wales to ban single-use plastic bags

SYDNEY, May 25 (NNN-AGENCIES) – The Australian state of New South Wales (NSW), is gearing up to institute its total ban on single-use plastic bags, as it looks to slowly phase out all single-use packaging in the state. From June 1, all single-use bags would be banned in the state,…

Afghan Refugees Hold U.S. Responsible For Worsening Security, Economy In Afghanistan

TEHRAN, May 24 (NNN-IRNA) – Battered and bruised by hardships, Abdollah Saebi, an Afghan in his late 40s, looks much older than his age. A former teacher and farmer in Afghanistan, Saebi is now a refugee, earning a hard living, in the Iranian capital, Tehran, as watchman to support his…

Saudi Telecom Partners With Chinese Tech Firm Alibaba On Cloud Services

RIYADH, May 24 (NNN-SPA) – Saudi Telecom Company (STC), entered into a joint venture with Chinese tech giant, Alibaba Group, to launch a cloud services company in Riyadh, with an initial investment of 238 million U.S. dollars. The new company, Alibaba Cloud, was also formed in partnership with the Saudi…

Turkey Logs 2.57 Million Foreign Arrivals In Apr

ANKARA, May 24 (NNN-ANADOLU) – Foreign arrivals in Turkey surged by 225.6 percent, year-on-year, to 2.57 million in Apr, the official figures showed yesterday, as the country is trying to recover from the impact of COVID-19. The number of foreign visitors hosted in the Jan-Apr period this year increased by…

Vietnam’s Top Legislature Starts Session On Socio-Economic Development, Budget

HANOI, May 24 (NNN-VNA) – The 15th National Assembly (NA) of Vietnam, the country’s top legislature, opened its third session in the Vietnamese capital, Hanoi, yesterday. Lawmakers will debate and approve five draft laws and three draft resolutions, and look into six other bills. The draft laws to be adopted…

Indonesia, Serbia Agree To Boost Bilateral Cooperation

JAKARTA, May 24 (NNN-ANTARA) – The ministers of foreign affairs of Indonesia and Serbia, agreed here yesterday, to boost bilateral cooperation between the two countries, including on trade and investment. In a joint press conference with his Serbian counterpart, Nikola Selakovic, Indonesian Foreign Minister, Retno Marsudi, said that, the two…

APEC Meeting Calls For Efforts To Ensure Open Trade, Equitable Vaccine Access

BANGKOK, May 24 (NNN-TNA) – Trade officials and representatives from the Asia-Pacific Economic Cooperation (APEC) economies, called for efforts to ensure open trade, equitable COVID-19 vaccine access and work to progress the Free Trade Area of the Asia-Pacific (FTAAP). “We reaffirm the importance of rules-based multilateral trading system, with the…

New Zealand PM To Visit U.S. For Trade, Tourism

WELLINGTON, May 23 (NNN-AGENCIES) – New Zealand Prime Minister, Jacinda Ardern, is leading a trade mission to the U.S. this week, as part of the government’s reconnection strategy to support export growth and the return of tourists in the post-COVID-19 era. The business delegation will promote trade and tourism opportunities…
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