Economy
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Lloyd’s of London Faces £1.4B in Persian Gulf Losses From US-Iran Conflict
DID Press: Lloyd’s of London has estimated that insurance losses linked to the US-Iran conflict in the Gulf region could reach around £1.4 billion, with much of the damage stemming from attacks on land-based infrastructure rather than maritime losses. According…
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Hormuz Shipping Traffic Falls to Lowest Level Since May
DID Press: Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May, with an average of just 10 commodity vessels a day passing through the strategic waterway over the past 10 days, according to shipping…
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9/11 Victims Ask US Supreme Court to Review Access to $3.5B in Frozen Afghan Assets
DID Press: Families and estates of victims of the September 11, 2001 attacks have asked the Supreme Court of the United States to review whether they can access about $3.5 billion in frozen assets belonging to Da Afghanistan Bank, Afghanistan’s…
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Afghan Users Complain of High Internet Costs and Frequent Service Disruptions
DID Press: Poor service quality, frequent interruptions and relatively high internet costs have once again become major concerns for internet users in Afghanistan, with residents complaining that the quality of connectivity often does not match the prices they pay. Afghan…
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Kandahar Vaccinators Report Two Months of Unpaid Salaries
DID Press: Local sources in Afghanistan’s Kandahar province say vaccinators have not received their salaries for the past two months, leaving many workers and their families facing increased financial hardship. According to the sources, vaccinators typically earn between 3,000 and…
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US Sanctions Turkish Bank Over Alleged Iran Financial Ties
DID Press: The U.S. Treasury Department has sanctioned Golden Global Investment Bank in Turkey and two affiliated companies, accusing them of facilitating tens of millions of dollars in transactions for Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) and providing access…
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Torkham Closure Costs Pakistan Economy $2.5 Billion, Chamber Says
DID Press: The prolonged closure of the Torkham border crossing with Afghanistan has caused an estimated $2.5 billion in losses to Pakistan’s economy, according to Yusuf Afridi, president of the Khyber Chamber of Commerce and Industry. Afridi said the losses…
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UK Chancellor Warns Iran War Is Putting Pressure on Global Economy
DID Press: UK Chancellor John Healey has warned that the continuing war between the United States and Iran is placing significant pressure on Britain and the global economy, with rising energy prices threatening to fuel inflation and weaken economic growth.…
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US Diesel Prices Hit Record $5.85 per Gallon
DID Press: The average price of diesel in the United States reached a record $5.85 per gallon on Friday, surpassing the previous high recorded in June 2022, according to AAA data. Diesel is a major fuel source for freight transportation,…
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Netherlands Contributes €16 Million to Afghanistan Humanitarian Fund
DID Press: The Netherlands has contributed €16 million ($18.3 million) to the Afghanistan Humanitarian Fund (AHF), the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said. OCHA thanked the Netherlands for the contribution, saying the funding will help…
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