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Iran has threatened to reduce its imports from Brazil if it does not allow the refueling of two Iran’s ships stranded off the Brazilian coast. Iran sees it as a sign of the global repercussions of U.S. sanctions on Iran. The ambassador of Islamic republic in Brasilia told Brazilian officials that his state could find new supplies of different agricultures if the South American country refuses to refuel the vessels. Last year Brazil exports almost $2 billion to Iran including such commodities like meat, sugar and corn. Brazilian oil company Petroleo Brasileiro SA which is controlled by government refuses to supply the ships. They have been floating for over a 4 weeks off the port of Paranagua — 280 miles from Sao Paulo.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
Britain’s retail industry encouraged UK and EU negotiators to arrive at a post-Brexit trade deal. This came after the retail industry stated that consumers will endure higher prices from next year if a tariff-free trade is not guaranteed. Thousands ...
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