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Nokia charging back with full force
Saudi government websites targeted
World powers and Iran meet in Baghdad for nuclear talks; West hopes for outline of deal on curbing enrichment; Sanctions relief for Iran a key question
May 23, 2012 12:15
Reid to ask for 'unanimous consent' on sanctions; Would put more pressure on Iran's oil sector; Comes ahead of Iran's May 23 meeting with world powers; "Iran must either willfully commit to terminating its nuclear program or we will force their hand through crippling sanctions," said Democratic Senator Robert Menendez.
May 17, 2012 9:06
Indian shipping firms will continue to transport Iranian crude even if limited insurance coverage due to tightening Western sanctions leaves them financially exposed to a spill or accident, a top executive and industry sources said.
April 24, 2012 2:50
Iran's foreign minister was quoted earlier as saying his country was ready to resolve all nuclear issues in the next round of talks with world powers if the West starts lifting sanctions.
April 17, 2012 9:21
Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments, industry sources said.
March 26, 2012 4:17
Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.
March 24, 2012 3:58
Malaysian state oil firm Petronas will halt all imports of Iranian crude from April, two months before a US embargo takes effect, joining a growing list of buyers bowing to Western pressure to isolate Iran.
March 24, 2012 3:30
India' export guarantee agency has not stopped giving insurance cover to shipments to Iran and has only tightened criteria as part of a more cautious approach, official sources said on Friday, as western sanctions make trade with Tehran tougher.
February 25, 2012 12:29
Major traders are in talks with Greece to supply crude oil and help the country cut reliance on Iranian oil ahead of a European ban, in a sign that they are happier about Greece's creditworthiness following a second debt bailout.
February 25, 2012 12:25
The International Monetary Fund (IMF) flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
February 25, 2012 12:14
Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.
February 19, 2012 10:09
Banks in Lebanon are quietly implementing US and EU sanctions to avoid jeopardising international business. As a result, some Syrian money may be flowing to Russia or UAE.
February 11, 2012 7:08
With Iran's oil earnings possibly dropping and sanctions may cut GDP by 10 percent, can the country's economic diversity and self-reliance be enough to cushion the blow?
February 7, 2012 5:07
Australia imposed new travel bans and financial sanctions on Syrian leaders on Tuesday as it steps up actions to force an end to violence against Syria's civilian population.
February 7, 2012 3:14
South Korean President Lee Myung-bak will hold meetings with major crude suppliers Saudi Arabia, Qatar and the United Arab Emirates from Tuesday through Friday, as the country looks for alternatives to Iranian oil.
February 6, 2012 2:55
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
