Government economic decisions, reforms, budgets, and fiscal policy
U.S. President Donald Trump renewed his criticism of the Supreme Court on Monday after it issued a ruling last week that cancels the comprehensive tariffs he imposed. The U.S. president pledged to resort to other powers to impose tariffs and issue licenses without mentioning any details. Trump wrote in a post on social media: 'The court also approved all other tariffs, which are many,...'
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Economy Dz aliqtissad dz Algeria's economy news
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The South Korean Minister of Industry stated on Monday that South Korea will continue to hold 'friendly' consultations with the United States regarding tariff issues to protect the favorable export conditions secured through the bilateral trade agreement with the United States. Minister of Trade, Industry and Resources, Kim Jong-kwan, pledged to continue supporting local companies to enhance their global competitiveness amid uncertainty.
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Economy DZD aliqtissad dz Algeria economy news
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Algeria - The General Directorate of Fisheries and Aquaculture, under the Ministry of Agriculture and Rural Development and Fisheries, has prepared an action plan for the sector for the current year, which primarily includes the establishment of a national fund to compensate fishermen during periods of inactivity, whether due to weather disturbances or during biological rest periods, according to the General Director of the Directorate, Miloud Taria.
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The European Parliament is moving towards suspending the implementation of the trade agreement with the United States today, Monday, following the U.S. Supreme Court's annulment of the tariffs imposed by President Donald Trump. Members of the European Parliament indicated before an emergency meeting to discuss this issue that the agreement will be suspended. The Chairman of the International Trade Committee in Parliament, Bernd Lange, a member of the Social Democratic Party...
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Dr. Houari Tigersi, a professor of economic sciences, proposed the generalization of the excess electricity purchase system (Net Metering) from citizens in Algeria, emphasizing that this measure can transform the consumer into a 'producer-consumer' and relieve pressure on the national grid, while creating new economic opportunities through supporting the installation and maintenance of solar panels. Tigersi added in a statement to 'Echorouk Online' that this system will reduce the energy support bill, redirect natural gas for export instead of local consumption, and enhance the transition to clean energy.
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China urged the United States on Monday to cancel the unilateral tariffs imposed on trading partners, emphasizing that cooperation between the two countries benefits both sides and that their conflict harms them both. A spokesperson for the Chinese Ministry of Commerce stated today that the ministry was aware of the U.S. Supreme Court ruling against the tariffs imposed by the U.S. government under the powers act …
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Gold rose on Monday to its highest level in three weeks, driven by the uncertainty created by the U.S. Supreme Court's decision to overturn the comprehensive tariffs imposed by President Donald Trump, which pressured the dollar and drove investors to seek gold as a safe haven. As of 05:58 GMT, gold in spot transactions recorded an increase of 1.1% to $5,158.29 per ounce, after reaching its highest level since January 30, while U.S. futures contracts for April rose by 2% to $5,180.40 per ounce. View the full content on Echourouk Online.
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European traders revealed that the National Office of Cereals in Algeria has announced an international tender to purchase a shipment of soft wheat from optional origins, with a nominal quantity of 50,000 tons, with expectations that the actual quantity will exceed this usual value in such tenders. The traders explained, according to Reuters, that the office has set tomorrow, Tuesday, as the deadline for submitting bids, with bids remaining valid until the following day. View the full content on Echourouk Online.
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The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, discussed with the special advisor to the President of the Republic of Namibia, Head of the Oil Upstream Unit, Cornelia Shilonga, ways to enhance the bilateral partnership in the fields of hydrocarbons and oil and gas industry, agreeing on practical mechanisms to implement cooperation axes and organize field visits to energy sites, supporting the establishment of tangible projects and joint executive programs. According to a statement from the relevant ministry, the meeting took place yesterday, Sunday, at the ministry's...
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The President of the Republic, Mr. Abdelmadjid Tebboune, appointed Mr. Labou Mohamed Lamine as Governor of the Bank of Algeria today, Monday. This appointment came during a Council of Ministers meeting chaired by the President.
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