Biden Administration to Impose New Sanctions on Iran for Its Arms Sales That Bolster Russia's Defense Against Ukraine

The Biden administration is reportedly preparing to announce new sanctions on Iran in retaliation for its arms sales that have fortified Russia's defenses amid war with Ukraine.

EU Blacklists North Korea’s Defense Minister, Chinese Firms for First Time in New Sanctions Over Russia's War in Ukraine

The European Union (EU) has agreed to ban exports to three Chinese companies and blacklist North Korea's Defense Minister in new sanctions for the second anniversary of Russia's invasion of Ukraine...

Elon Musk's Tesla Plans to Expand Gigafactory in Germany Hit a Roadblock — Here's Why Locals Vote It Down

Residents of the Grünheide town in Brandenburg, Germany, have rejected plans by Elon Musk's electric carmaker, Tesla, to expand its factory in the municipality just outside Berlin in a non-binding vot..

North Korea's Kim Jong Un Receives Car From Russia's Vladimir Putin in Another Sign of Warming Ties Between the 2 Countries

North Korea's leader, Kim Jong Un, has reportedly received a car from Russia's President Vladimir Putin as a personal gift...

Latest News

EU Privacy Authorities Assessing The Privacy Shield Likely to Ask For Another Review to be Conducted in 2018
European privacy watchdogs is now assessing the Privacy Shield framework that would regulate the EU-U.S. relations in privacy protection. It’s likely that the EU watchdogs will ask for another review
EU Resumed Investigation on Halliburton and Baker Hughes Deal
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU
Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the E
StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India
StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 bill
Accel Announced New $500 Million Fund Targeting European and Israeli Startups
Palo Alto-based venture firm Accel has raised a new fund. The fund is targeting the next generation of entrepreneurs in Europe and Israel.
European Stock Extended Last Week's Gain Led by Banking and Commodity Sectors
Stoxx Europe 600 Index continued last week's gain. The index sets a new course for the first back-to-back advance in two weeks.
British Retailer Iceland Innovates to Take On German Competitors
In a battle with German's budget stores, Aldi and Lidl, Iceland introduces its food warehouse concept. The concept is an advancement of its old style format with cash-and-carry style.
Italian Banks Face a Bailout Following a Surmounting Bad Loans
Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.
European banks under regulators' scanner amid Panama Papers issue
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on m
Asian shares, oil, bonds move up ending bruising week
Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided
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