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Iran promised to adhere to the nuclear agreement if the European Union can compensate for the renewed US sanctions, high-ranking officials in Tehran said. After the recent withdrawal of the US from the nuclear agreement, the EU doubled its efforts to save the deal in 2015 and sent a European Commissioner for Energy, Miguel Arias Canete, to Tehran with a plan to prevent Iran's economic isolation. To save the Iranian economy bypassing the global financial system controlled by the US, the EU will have to continue buying oil and gas from Iran and protect European companies from US sanctions. The head of the European Commission, Jean-Claude Juncker, said that to protect European companies, “the process of applying the “blocking law” from 1996 will be launched” for the first time in more than two decades.
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
Officials of the British government and the European Union will commence their trade negotiations on Monday to bridge gaps between the E.U. and the U.K. brought about by the eventual Brexit. However, breakdown fears grow amid the incipient ...
The Brexit transition period slated until December 2020 to negotiate with its former bloc, the European Union is less likely to happen, according to a poll conducted by Reuters in which more than half or two-thirds of economist-respondents ...
Safe haven currencies retreat following easing U.S.-Iran tensions The Japanese Yen and Swiss Franc retreated on Thursday as the United States and Iran backed away from further conflict. U.S. President Donald Trump responded overnight to an ...
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