Brussels rallies amid elevation of Brexiteer Boris Johnson to UK’s highest office, says it will stick to Brexit deal. The European Union’s elect for the bloc’s top job has warned incoming British Prime Minister Boris Johnson of “challenging times ahead” over his plan to renegotiate Brexit. Ursula von der Leyen, ... Read More »
Iran says meeting with parties to nuclear deal ‘constructive’
An emergency meeting with parties to Iran’s 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi said on Sunday. “The atmosphere was constructive. Discussions were good. I cannot say ... Read More »
Christine Lagarde : the New President of the ECB
The European Central Bank announced on Thursday it had “no objection” to the nomination of Christine Lagarde as its new president, noting that Lagarde has the experience and competence required for the job. “The Governing Council has no objection to the proposed candidate, Christine Lagarde, who is a person ... Read More »
Energy Minister Promises to Develop ‘Transparent’ Oil and Gas Sector
Lebanese Energy Minister, Nada Boustani promised on Tuesday that the oil and gas sector will develop and operate with total transparency. During the opening of a workshop with international petroleum countries, the minister said “the government and the Energy and Water Ministry is committed to following up on the development ... Read More »
Alan Duncan resigns: Foreign minister quits because he cannot serve under Boris Johnson
British Foreign Office minister Sir Alan Duncan has announced his resignation, being the first minister to walk out of government because they are unwilling to serve under Boris Johnson. Many other resignations are still expected. The pro EU minister said in his resignation letter to Theresa May that “the dark cloud of Brexit” was getting in ... Read More »
Japan may take South Korea wartime labor dispute to International Court of Justice: NHK
Japan is considering taking a dispute with South Korea over its compensation for wartime forced laborers to the International Court of Justice as the deadline for seeking third-country arbitration passes on Thursday, public broadcaster NHK reported. The question of compensation for South Koreans for labor during Japan’s 1910-45 occupation of ... Read More »
U.S. removing Turkey from F-35 program after its Russian missile defense purchase
The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet program, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defense system last week. The first parts of the S-400 air defense system were flown to the ... Read More »
North Korea says nuclear talks at risk if U.S.-South Korea exercises go ahead
The United States looks set to break a promise not to hold military exercises with South Korea, putting talks aimed at getting North Korea to abandon its nuclear weapons at risk, the North Korean Foreign Ministry said on Tuesday. U.S. President Donald Trump, who said he agreed to a resumption ... Read More »
U.S., Russia to discuss nuclear arms limits in Geneva on Wednesday: officials
Representatives from the United States and Russia are set to meet in Geneva on Wednesday to explore the concept of a new accord limiting nuclear arms that could eventually include China, senior U.S. officials said on Monday. U.S. President Donald Trump has said that he would like to see a ... Read More »
China’s GDP growth slows to 27-year low amid simmering trade war with US
Growth falls to 6.2 per cent in second quarter – the lowest on record – hit by sharp rise in US tariffs on Chinese goods in May China’s economy has slowed to its lowest growth rate in almost three decades, suggesting the trade war with Donald Trump is taking its toll. ... Read More »