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Discover Latest #Rial News, Articles and Videos with Contenting
The following are news articles, blog posts, and videos related to Rial. You can explore them further for more information on the currency, its value, and its role in the global economy. News 1. Iran's Currency Reaches Record Low Against US Dollar In August 2018, Iran's currency, the rial, hit an all-time low against the US dollar. On August 8th, one US dollar was worth about 110,000 rials, making it more difficult for Iranian citizens to purchase goods and services. The drop in the value of the rial has been attributed to the upcoming sanctions from the US, as well as the country's economic mismanagement. 2. Iran Introduces New Currency In April 2019, the Iranian government announced that it would be introducing a new currency, the toman. The toman is equal to 10,000 rials, and was intended to reduce confusion and make transactions easier. The move was also seen as an attempt to boost the value of the rial, although it remains to be seen if this measure will be successful. Blog Posts 1. The Impact of US Sanctions on the Iranian Rial In this
Hungary Current Account Surplus Widens Sharply - ForexTV
Hungary's current account surplus significantly decreased to €1.14 billion in the first quarter of 2025, compared to €2.21 billion in the same period the previous year. This reduction is primarily attributed to a decline in the services account surplus, which fell to €1.95 billion from €2.1 billion the year before. In addition, the goods account surplus slightly decreased to €1.12 billion from €1.13 billion. Furthermore, the primary income deficit widened to €1.52 billion from €0.92 billion, and the secondary income shortfall increased to €0.41 billion from €0.1 billion during the same timeframe last year.The material has been provided by InstaForex Company - www.instaforex.com
German Consumer Morale Below Estimates - ForexTV
Germany's GfK Consumer Climate Indicator slightly declined to -20.3 as we approached July 2025, down from a slightly revised -20.0 in June. This marks the first decline over the past four months and fell short of market expectations, which predicted a -19.3 reading. The inclination to save reached a 13-month peak, moving to 13.9 from 10.0, while the willingness to make purchases remained low at -6.2 compared to -6.4 previously. However, economic outlook improved, rising to 20.1 from 13.1—the highest level since the onset of the Ukraine conflict in February 2022—propelled by forthcoming government investments in defense and infrastructure. For the fourth consecutive month, income expectations rose to 12.8 from 10.4, aided by favorable wage negotiations and decreasing inflation. According to Rolf Bürkl, a consumer specialist at NIM, "A strong propensity to save reflects ongoing uncertainty and a lack of stability in planning," which adversely impacts significant purchases. The report also highlights apprehension due to uncertainty surrounding U.S. trade policies.The material has been provided by InstaForex Company - www.instaforex.com
Garrett Inaugurates Wuhan Innovation Center to Advance Zero-Emission Mobility - ForexTV
Garrett opens second innovation center in China to expand zero-emission R&D capabilitiesNew Wuhan lab prioritizes high-speed E-Powertrain systems for zero-emission applications Wuhan and Shanghai now form dual innovation hubs driving global collaboration WUHAN, China, June 26, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in differentiated automotive technologies, today inaugurated its new Wuhan Innovation Center. Located within Garrett’s Wuhan Plant, the facility strengthens the company’s global and China-based zero-emission R&D footprint. As Garrett’s second innovation hub in China, it joins the Shanghai R&D Center to form a powerful “dual innovation engine” advancing motion in every form - from turbocharging leadership to zero-emission differentiated solutions across mobility and beyond. “The launch of our Wuhan Innovation Center marks a bold step forward in Garrett’s electrification journey," said Olivier Rabiller, President and CEO of Garrett Motion. "We are scaling our zero-emission capabilities where innovation is happening fastest—right here in China. This new hub strengthens our global technology engine and reinforces Garrett’s position as a differentiated technology provider in decarbonizing mobility and industry alike.” Mr. Li Feng, Chief Inspector of Wuhan East Lake High-tech Development Zone, attended the event and commented: “Automotive is one of Wuhan’s most dynamic industries, and we are pleased to see a global leader like Garrett deepen its presence here. The new Innovation Center marks an important step in Wuhan’s ongoing efforts to promote high-level openness and industrial development, and it strengthens our role as a national hub for science and technology.” 20 Years of Innovation in China: Accelerating Local R&D Expansion For 70 years, Garrett has advanced mobility technologies around the world, developing numerous industry-first technologies—from variable geometry turbines to air-bearing compressors for hydrogen fuel cells. In China, Garrett has built two decades of innovation since establishing its Shanghai R&D Center in 2005. The company has developed and industrialized a range of China-specific solutions such as: Gasoline Variable Nozzle Turbine (VNT) turbos to boost thermal efficiency, improving fuel efficiency.Wastegate turbochargers optimized for PHEVs (Plug-in Hybrid Electric Vehicles) and REEVs (Range-Extended Electric Vehicles) increasing range while optimizing CO2 emissions. Hydrogen fuel cell compressors serving both LV (Light Vehicle) and CV (Commercial Vehicle) customers. These innovations not only support Chinese OEMs locally but also help them expand business globally. With the launch of the Wuhan Innovation Center, Garrett enters a new phase—reinforcing long-term investment in China and expanding its innovation footprint in zero-emission mobility and beyond. Driving Zero-Emission Innovation Across Mobility and Beyond As electrification accelerates across the automotive sector, Garrett is scaling its portfolio of zero-emission technologies. Leveraging core strengths in high-speed motors, power electronics, controls software, oil-less bearings, and system integration, Garrett is advancing solutions including: 3-in-1 E-Powertrain systems;E-Cooling refrigerant compressors;Established fuel cell compressors. The company’s high-speed, high-power density E-Powertrain integrates an electric motor, inverter, and gearbox—reducing system size and weight by up to 40%. Featuring speeds up to 35,000 rpm and high-efficiency inverters, the system cuts use of critical materials by ~30%. It supports 400V and 800V vehicle architectures. First unveiled at the 2025 Shanghai Auto Show, the E-Powertrain has already secured its first series production order with HanDe for heavy-duty trucks—marking a key commercial milestone. The Wuhan Innovation Center is focused on accelerating development of these zero-emission systems. Inverter testing is already operational, with further expansions planned to cover full power electronics validation—including compressors for fuel cells and e-cooling systems—supporting both automotive and industrial decarbonization. A Strategic Hub for Innovation and Collaboration "The Wuhan Innovation Center is a clear embodiment of Garrett's 'East for East' strategy," said Jessica Zhang, Vice President and General Manager, Garrett China. "By integrating R&D and manufacturing capabilities in China, we are accelerating the commercialization of zero-emission technologies—from prototype through testing to production." The new Center also serves as a collaboration platform—attracting cross-disciplinary talent and forging partnerships with academic institutions, research bodies, and industry players to fuel the next wave of innovation. About Garrett Motion Inc. A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is expanding its positive impact by developing differentiated technology solutions for Zero Emission Vehicles, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for battery electric vehicles. Garrett has now six R&D centers, 13 manufacturing facilities and a team of more than 9,000 employees in more than 20 countries. Its mission is to enable the transportation industry to advance motion through unique, differentiated innovation. For more information, please visit www.garrettmotion.com. About Garrett Motion China Garrett established its presence in China in 1994 and was among the first global companies to introduce turbocharging technology into the country. Headquartered in Shanghai, Garrett has two world-class, advanced manufacturing facilities in Shanghai and Wuhan, as well as 2 innovation centers. The company employs more than 1,000 people, including a China R&D team of over 200 specialists with end-to-end engineering and service capabilities. Garrett boasts lasting partnerships with more than 30 global and Chinese automakers. It offers a comprehensive portfolio of turbocharging technology for gasoline, diesel, natural gas, hybrid and zero emission technology for battery electric vehicles in automotive sector and beyond. CONTACTS: Global MediaInvestor RelationsAmanda JonesCyril Grandjeanamanda.jones@garrettmotion.cominvestorrelations@garrettmotion.com Cell. +41 79 601 07 87Cell. +1 734 392 5504 CHINA MediaYang Huyang.hu1@garrettmotion.com Cell. +86 189 1760 6610 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c4e0510-f3ac-4f3a-bbdb-000ee34f97ee
DEMIRE increases ESG performance: Company's own CO₂ emissions reduced by 40 percent, smart meter initiative expanded - ForexTV
DEMIRE increases ESG performance: Company's own CO₂ emissions reduced by 40 percent, smart meter initiative expanded Langen, 26 June 2025. DEMIRE Deutsche Mittelstand Real Estate AG (“DEMIRE”; ISIN: DE000A0XFSF0) made decisive progress in climate protection and sustainable corporate governance in 2024: CO₂ emissions were reduced by 40 percent, ESG data collection was extended to over three quarters of the portfolio and the first green leases were implemented. Strategic development is also part of the sustainability report published today, which comprehensively documents current progress. “We are investing in transparency and controllability - both are crucial to achieving our decarbonization goals strategically and economically,” explains Frank Nickel, CEO of DEMIRE. “In doing so, we combine operational action with strategic foresight - for us, this is the key to successful transformation.” Targeted expansion of the ESG database The integration of 14 additional properties has expanded ESG data collection to 76 percent of the portfolio. This improved database enables even more precise management of sustainability measures. CO₂ reduction & green electricity conversion Initial technical optimizations, for example in Rostock, have already led to noticeable savings. The conversion of general electricity to green electricity is well advanced and should be completed by Q3 2025. Strategic development despite regulatory changes Although DEMIRE is temporarily no longer subject to CSRD reporting requirements, a comprehensive materiality analysis was carried out in 2024. CFO Tim Brückner emphasizes: “Despite regulatory relief, we continue to focus on high ESG standards - because climate protection in the portfolio is not only possible but also makes economic sense.” Company's own CO₂ emissions significantly reduced Since 2022, DEMIRE has reduced its own CO₂ emissions by 40 percent by switching to green energy in the office and low-emission mobility. In 2024, the remaining emissions were 58.9 tons of CO₂ - these were fully offset. Outlook: Green leases & charging infrastructure In 2025 DEMIRE intends to further advance the digitalization of its portfolio: smart meters are to be rolled out more widely and green leases increasingly implemented to transparently record tenant consumption. At the same time, the charging infrastructure for e-mobility will be expanded and further properties will be technically optimized. The current sustainability report was prepared in accordance with the EPRA Sustainability Best Practices Recommendations (sBPR) and externally audited. -End of press release- You can find the full sustainability report here: https://www.demire.ag/en/publications/ About DEMIRE Deutsche Mittelstand Real Estate AG DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial properties in medium-sized cities and up-and-coming peripheral locations in metropolitan areas throughout Germany. The company's particular strength lies in realising real estate potential in these locations and focuses on an offering that is attractive to both international and regional tenants. As of 31 March 2025, DEMIRE had a real estate portfolio of 49 properties with a lettable area of around 594 thousand square metres. Taking into account the proportionately acquired Cielo property in Frankfurt/Main, the market value amounts to around EUR 1.0 billion. The portfolio's focus on office properties with an admixture of retail and hotel properties is appropriate for the risk/return structure of the commercial property segment. The Company attaches great importance to long-term contracts with solvent tenants and the realisation of potential and therefore continues to expect stable and sustainable rental income and solid value growth. DEMIRE's portfolio is to be significantly expanded in the medium term. In expanding the portfolio, DEMIRE will focus on FFO-strong assets with potential, while properties that do not conform to the strategy will continue to be sold in a targeted manner. DEMIRE will continue to develop its operations and processes with numerous measures. In addition to cost discipline, operating performance is being improved through an active asset and portfolio management approach.The shares of DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) are listed in the Prime Standard of the German Stock Exchange in Frankfurt. Contact: Julius StinauerHead of Investor Relations & Corporate FinanceT: +49 6103 372 49 44E: ir@demire.ag
Iron Ore Falls to 1-Week Low on Rising Supply - ForexTV
Iron ore futures fell to approximately CNY 700 per tonne on Thursday, reaching a one-week low as the supply from leading exporters increased. Shipments to China by top producers Australia and Brazil reached 30.1 million tonnes last week, marking the highest weekly total of the year thus far, based on industry statistics. Brazilian mining company Vale increased its exports in a final push before the season ends, while Australia's Rio Tinto obtained final government approval for its Hope Downs 2 project, a collaboration with Hancock Prospecting. This new mine is anticipated to generate 31 million tonnes per year, which will further augment global supply. On the demand side, the World Steel Association reported that global steel production decreased by 3.8% year-on-year in May, highlighting ongoing weaknesses in the construction and manufacturing sectors.The material has been provided by InstaForex Company - www.instaforex.com
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A Complete Guide to Choosing International Business Credit Cards for Startups - Finance Monthly | Personal Finance. Money. Investing
In today’s interconnected world, even startups with small teams and modest budgets often need to think globally. Whether you're importing raw materials, managing remote teams, or traveling abroad for business meetings, having the right international business credit card is essential for smooth operations. For U.S.-based startups, the selection of an…