Tabriz in northwest Iran seeks to step out of the twilight with a spectacular gala which is set to attract heads of state, business leaders and gurus of the hospitality industry to the biggest tourism event of Muslims states in 2018.
The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed.
The news was grim as could be; a giant Iranian tanker carrying nearly a million barrels of oil has burst into flames seconds after colliding with a freighter and over 30 sailors are missing. The fire is so huge that the South Korean customer predicts it would take a good several weeks before it finally burns out. The proportions are unheard of... or are they?
Australia on Monday said it expects iron ore prices to average $51.50 a ton this year, down 20 percent from 2017, because of rising global supply and moderating demand from top importer China as its steel sector shrinks.
In a veiled denunciation of US President Donald Trump whose first year in office was embroiled in controversies, former FBI Director James Comey has said he hopes the United States will have more "ethical leadership" in 2018.
Russian opposition leader Alexei Navalny was barred on Monday from running in next year’s presidential election after officials ruled he was ineligible to take part due to a suspended prison sentence he says was trumped up.
By Gavyn Davies*
There is now an almost complete, if belated, consensus among economic commentators that the global economy has enjoyed a synchronized and fairly strong cyclical upswing in 2017. Last month, the OECD joined this consensus, while pointing out that many of the longer term supply side issues that have plagued the world economy in the current decade remain to be solved.
After exceeding expectations in 2017, the global economy is projected to carry forward its current momentum to generate a three-percent growth rate through 2018, the Conference Board said in its latest Global Economic Outlook 2018.