World Bulletin / News Desk
The Swiss government said on Thursday it would widen sanctions against Iran but would not implement a European Union ban on trading Iranian oil because of "foreign policy reasons".
An EU ban on the importation, purchase or shipping of Iranian oil was rolled out on 1 July in an effort to pressure the Islamic Republic over its disputed nuclear programme.
The new Swiss sanctions, which come into force on Friday, will affect supplies for the petrochemical industry, telecommunications equipment as well as the purchase and sale of precious metals and diamonds, the non-EU country said in a statement.
The tanker loaded the Kurdish crude at the Turkish port of Ceyhan around Aug. 8, and made a partial delivery to Croatia via a ship-to-ship transfer last week.
Ethiopia, Africa's largest coffee grower, is set to continue talks with global buyers in hopes of branding and trademarking its world-renowned coffee and boosting national revenue.
Russia has banned the import of EU food products including fruit and vegetables from Poland, whose total food exports to Russia were worth around $1.5 bln last year.
Ukraine is prepared to compromise on the price until a lawsuit it has filed against Gazprom is resolved, minister Yuri Prodan said.
Finnish electricity specialist Hiekkala: 'Finland and Baltic countries have possibilities to replace the import from Russia by own capacity or Nordic import.'
The Bahraini-based Dar Group (Al-Shair and Partners) and its Egyptian subsidiary, Dar al-Handasah, were awarded the contract worth some $1.8 billion to draw up the master plan for Egypt's Suez Canal development project.
Citizens unable to pay their credit card bills can apply to Finance Ministry to have their debts expunged.
Greek Cypriot Farmers’ Union EKA general secretary Panicos Hambas said that the Russian sanctions on the Greek Cypriot export of citrus fruits could lead Turkish Cypriot farmers to export their own fruits to Russia via Turkey.
The closing off of a major export market threatens to hurt segments of the euro zone economy at a time when growth is pretty poor anyway.
Soaring Chinese demand for commodities like coal has underwritten Mongolia's rapid growth, with more than 90 percent of its exports sold to China.
Thailand avoided recession in the second quarter, the state planning agency said on Monday, but questions remain about the pace and depth of growth.
The new ban would not apply to foreign automakers' production inside Russia. Ford, Volkswagen , Ford Renault, Toyota and Hyundai Motor Co all have production facilities inside Russia.
Across Asia's low-cost garment manufacturing industry in particular, there have been more strikes as unions use a shortage of skilled workers to press for better pay and improved safety
More than eight out of ten French citizens do not trust the government of Prime Minister Valls to improve economic situation, poll shows
Argentina defaulted for the second time in 12 years on July 31 after losing a lengthy legal battle with hedge funds demanding full payment on debt
The pipeline is expected to function on an interruptible basis from September and on a firm basis from March 2015.