Business

10 October 2023; AA: Three major labor strikes in the US have put the auto, health and entertainment industries in jeopardy of coming to a halt as union leaders continue to negotiate with corporate America.

"This is an unprecedented wave of labor strikes and labor protests," said Professor Kent Wong, director of the University of California, Los Angeles (UCLA) Labor Center. "There is tremendous economic insecurity among the working class."

9 October 2023; MEMO: The new Israeli shekel (NIS) fell close to an eight-year low against the US dollar on Monday in the aftermath of Operation Al-Aqsa Flood led by the Palestinian Islamic Resistance Movement against the occupation state on Saturday. In trading today, the shekel was down more than 3 per cent against the dollar at 3.9581.

9 October 2023; MEMO: Swiss travel agencies on Monday began cancelling trips to Israel due to the ongoing tension in the region, Anadolu Agency reports.

This came after the Swiss Foreign Ministry issued a travel warning earlier in the day.

It is not recommended to travel to Israel for tourist trips and any other travel that is not of an emergency nature

the Ministry said in a statement.

08 October 2023; MEMO: Turkiye will host the third international gathering aimed at building support for the Global Peace Summit that Ukraine plans to hold later this year, Bloomberg reports.

According to the report, the meeting is tentatively scheduled for later in October in Istanbul and will follow similar gatherings in Denmark in June and in Saudi Arabia in August, the news outlet said.

06 October 2023; MEMO: A Turkish-flagged general cargo ship that was sailing on Thursday in the Black Sea en route to Ukraine’s Izmail port did not sustain damage from an explosion, Turkiye’s maritime authority and the ship’s captain told Reuters on Friday.

“An explosion occurred 15-20 meters behind the Kafkametler ship en route to Izmail port from Batumi port while it was cruising off the coast of Romania/Sulina (port),” the authority said.

04 October 2023; MEMO: Saudi Arabia and Russia today said they were continuing voluntary oil cuts to year-end as tightening supply and rising demand support oil prices, Reuters reports.

The Saudi and Russian statements come hours before a ministerial monitoring panel of the OPEC+ group of leading oil producers convenes online.

04 October 2023; MEMO: France has agreed to deliver military equipment to Armenia, following Azerbaijan’s recapture of the Nagorno-Karabakh region last month.

Tehran, IRNA – The acting deputy director of transportation and traffic of Tehran Municipality has said that the contract to buy 791 metro cars is the largest contract in the history of Tehran’s metro.

Referring to the allocation of $1 billion for purchasing metro cars with the help of the 13th government in Iran, Mohsen Hormozi said that the contract to buy 791 metro cars is the largest contract in the history of Tehran’s metro.

He expressed hope that the first metro cars will be delivered to the municipality of Tehran in the next year.

Moscow, IRNA – The share of national currencies in commercial transactions between Russia and Iran has increased to 90 percent, according to the head of Russia’s Federation Council Committee on the Budget and Financial Markets.

Speaking at a meeting with the head members of the Iranian Parliament’s Planning, Budget and Research Committee in Moscow on Tuesday, Anatoly Artamonov said the two countries settle their mutual payments using national currencies.

03 October 2023; MEMO: Turkiye has supplied Ukraine with heavy machine guns in its ongoing war against Russia, in a revelation which sheds further light on Ankara’s quiet support for Kyiv.

According to the London-based news outlet, Middle East Eye, which cited two anonymous sources familiar with the sale, Turkiye recently began supplying Canik M2 heavy machine gun models – from the private Turkish arms manufacturer, Canik – for apparent use by ground troops along with armoured vehicles.