Algeria, Germany eye bigger energy, investment partnership

Photo courtesy of Anadolu Algeria and Germany are looking to turn growing diplomatic ties into new investments, with energy, renewables and industrial development emerging as key targets for deeper economic cooperation. The two countries identified transportation, pharmaceuticals and the energy transition as additional areas where businesses and governments could pursue stronger partnerships. The plans were…

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Nepal flood death toll nears 1,000 as Himalayan disaster toll tops 1,000

Photo courtesy of Anadolu The combined death toll from flash floods and mudslides along the Nepal-China border has climbed above 1,000, a week after a glacier collapse triggered widespread destruction across the Himalayas. Nepal’s National Disaster Risk Reduction and Management Authority said 84 more deaths had been confirmed, raising the toll on the Nepalese side…

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Iran says it has enough foreign currency despite tighter US sanctions

Photo courtesy of Anadolu Iran’s central bank said Tuesday the country has sufficient foreign currency reserves despite intensified US sanctions and mounting pressure on the rial, rejecting suggestions that the economy was heading toward collapse. Central Bank Governor Abdolnasser Hemmati said authorities were prepared to inject $2 billion into the foreign exchange market as Tehran…

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Türkiye backs Azerbaijan-Armenia peace push at SCO summit

Photo courtesy of Anadolu Türkiye reiterated its support for peace between Azerbaijan and Armenia during talks on the sidelines of the Shanghai Cooperation Organization Heads of State Summit in Bishkek on Tuesday. Turkish President Recep Tayyip Erdogan met Azerbaijani President Ilham Aliyev as regional leaders gathered in the Kyrgyz capital to discuss cooperation and geopolitical…

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