Business

The US withdrew from the Iran nuclear deal in May 2018 and promised to impose sanctions against Tehran and any company that does business with it, potentially threatening to leave the world without 2.5 million barrels of Iranian oil.

Airbus' management is indignant after Theresa May’s government first pushed them to outline the negative effects of Brexit on the airline business, amid reports that they are handing a lucrative contract to their bitter US rival Boeing without a public tender.

The US has imposed tariffs on steel (25%) and aluminum (10%) imports from the EU and other countries, demanding that they abolish "unfair" tariffs on US goods. European countries later responded to the move by imposing their own tariffs on certain US goods valued at billions of dollars.

Dublin plans to move 200,000 tons of its oil reserves from Britain, the Sunday Independent reported, quoting an unnamed senior government source. According to the outlet, the decision on the matter will be signed this week.

The nation will ramp up resources to make breakthroughs in cutting-edge and core technologies and promote the further integration of the internet and traditional industries, which will inject new impetus into China's economic growth, a senior government official said on Tuesday.

Beer specially produced to mark the upcoming meeting of Russian President Vladimir Putin and his US counterpart Donald Trump in Helsinki has proved tremendously popular in Finland, with many taking occasion by the forelock and opting for bulk purchases.

Three British people have been jailed for their part in a fraud against a German-owned insurance company in the UK. Sputnik reporter Chris Summers was in court in London at the culmination of a "unique and unusual" case.

Canadian Coinsquare, a trading platform hugely popular with cryptocurrency enthusiasts across the North American country, appears to be fully aware of what precautions a virtual assets business has to take while operating in Japan in light of a recent crack-down by its financial governing body on the heels of the headline-making Coincheck theft.

Washington wants Iran’s oil revenues to fall to zero by November, and it is asking Saudi Arabia to make up for the shortfall caused by removing Iran's oil from the world market, CNBC wrote.

WASHINGTON (Sputnik) - The United States will hold an oil- and natural-gas lease sale for the Gulf of Mexico next month, the US Department of the Interior announced in a press release.

WASHINGTON (Sputnik) - President Donald Trump in an interview said the United States would kill any unilateral trade agreement with the United Kingdom if UK Prime Minister Theresa May and the EU implement a Brexit compromise arrangement.

It was recently confirmed that Portuguese football star Cristiano Ronaldo is leaving Real Madrid for Juventus ahead of the start of the next season, and while many Italian football fanatics are excited by his entry into the Serie A League, the move has sparked some condemnation.

The EU's energy chief, Maros Sefcovic, said that the EU-US Energy Council discussed Nord Stream 2, aid to Ukraine in the form of energy reforms and the upcoming trilateral gas talks with Russia.

France has unveiled plans to ease regulations as much the EU allows to make Paris a more attractive destination for financiers amid competition from other European financial hubs for London’s managers, who fear for their prospects in Europe's biggest financial center after the UK leaves the EU.

Earlier in the day, Washington reiterated its opposition to the Moscow-initiated Nord Stream 2 gas pipeline project, threatening to sanction any firms working in the Russian energy sector.

The US central banking system could abandon its key indicator of future crises – the yield curve – as it is currently pointing at a major recession just ahead, in stark contrast to every other measure of economic health.

WASHINGTON (Sputnik) - The United States has been clear that any firms working in the Russian energy export pipeline sector face sanctions risk, a US Department of State spokesperson said in statement.

BEIJING (Sputnik) - China’s yuan on Thursday slipped 0.73 percent against the US dollar as the central bank continued weakening the national currency to offset trade losses.

Chinese commerce ministry announced on Wednesday that Beijing would take retaliatory measures imposes additional tariffs on Chinese goods.

BRUSSELS (Sputnik) - European Commission Chief Brexit Negotiator Michel Barnier warned that businesses should prepare for a "no deal" Brexit which would see the return to tariffs under WTO rules in EU-UK trade, noting that it would be a worst-case scenario.