EU powers warn Iran over nuclear deal

16 Jan

UNITED STATES (OBSERVATORY NEWS) Major European powers have announced that they will activate the dispute mechanism of Iran’s nuclear pact because of Tehran’s continuing violations of the pact. In a joint statement, the United Kingdom, Germany and France sharply criticized Iran for further curtailing its commitments under the 2015 nuclear agreement, also known as the …

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EU diplomatic endeavors to bind Iran to the nuclear deal without imposing sanctions

14 Jan

UNITED STATES (OBSERVATORY NEWS) European countries are trying to reach a complex agreement that would obligate both Tehran to return to honoring its nuclear pledges, and the United States not to impose new sanctions on Iran. U.S. sanctions could kill the 2015 Vienna agreement. France, Britain and Germany have embarked on a dispute settlement mechanism …

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Europeans making new move to save the nuclear deal with Iran

14 Jan

UNITED STATES (OBSERVATORY NEWS) The European countries parties to the nuclear agreement have begun a complex diplomatic process to compel Tehran to return to honoring its nuclear pledges without imposing new sanctions on it that may kill the 2015 Vienna agreement. France, Britain and Germany have embarked on a dispute settlement mechanism provided for in …

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Trump the star of the World Economic Forum in Davos

14 Jan

UNITED STATES (OBSERVATORY NEWS) Heads of state and government will head about fifty countries next week to the World Economic Forum in Davos, but the real star will be US President Donald Trump in the meeting that the Iranian Foreign Minister canceled his participation in. Heads of state and government, along with about 2,800 people, …

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Student demonstration in the Algerian capital for “democratic transition”

14 Jan

UNITED STATES (OBSERVATORY NEWS) About 2,000 students demonstrated in Algiers for the forty-seventh week in a row, raising a 14-point list expressing “the demands of the movement” of the ruling authority. The students, along with many citizens, began their weekly march from the Martyrs Square, below the ancient city of Kasbah, towards the Central University …

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Two right-wing parties in Israel allied in preparation for the general elections

14 Jan

UNITED STATES (OBSERVATORY NEWS) Two hardline Israeli parties announced their alliance on Tuesday in a joint list in the face of Prime Minister Benjamin Netanyahu in the next general elections scheduled for the second of next March. The “New Right” party said in a statement that its leader, Israeli Defense Minister Naftali Bennett, agreed to …

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UN restores Lebanon the right to vote in the General Assembly after paying its arrears

14 Jan

UNITED STATES (OBSERVATORY NEWS) The United Nations announced on Monday that Lebanon has regained its right to vote in the General Assembly, after having paid all arrears due in respect of this international organization. On Monday, Lebanon’s Ambassador to the United Nations, Amal Mudallali, said that her country had paid what it needed three days …

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US demands Beijing to completely abandon Iranian oil

13 Jan

UNITED STATES (OBSERVATORY NEWS) According to US Treasury Secretary Steven Mnuchin, the White House achieves this through trade negotiations with China. Against the backdrop of trade negotiations, Washington is pushing Beijing to completely stop the purchase of Iranian oil. This was aired on Fox News Channel by US Treasury Secretary Stephen Mnuchin. He recalled that …

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US declared Russia and China the main threat to national security

13 Jan

UNITED STATES (OBSERVATORY NEWS) The main threat to the United States is China and Russia, said Robert O’Brien, adviser to the President of the United States on national security, in an interview with Axios. “The two biggest threats to America in accordance with the national defense strategy come from equal competitors – China and Russia,” …

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UK economy unexpectedly shrunk in November

13 Jan

UNITED STATES (OBSERVATORY NEWS) The UK economy unexpectedly contracted in November, ahead of parliamentary elections in the country, according to data from the National Statistical Office (ONS). UK GDP in November fell by 0.3% compared with the previous month. Analysts surveyed by Bloomberg averaged zero growth. The November result means that the economy should show …

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Phase 1 bargain will ease tensions between US and China but not end conflict

13 Jan

UNITED STATES (OBSERVATORY NEWS) The first-phase bargain to be signed this week by China and the US “stops the bleeding,” but does not stop the trade war, said Executive Director of the US Chamber of Commerce Myron Diamond. It is reported by Reuters. Brilliant said there was a “clear sigh of relief on both sides” …

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Easing central bank policies triggered record corporate bond issuance

13 Jan

UNITED STATES (OBSERVATORY NEWS) Companies around the world sold a record number of bonds in 2019, taking advantage of the lower cost of borrowing. This has raised new concerns about rising levels of debt, writes the Financial Times According to Dealogic, over the past year corporate bonds worth a little over $ 2.5 trillion were …

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Iran sues Trump for killing Soleimani in international court

13 Jan

UNITED STATES (OBSERVATORY NEWS) The US president will answer in an international court for the assassination of the IRGC forces commander, Qassem Soleimani, said Iran’s Supreme Court President Ebrahim Raisi. Raisi said Iran would file a lawsuit in international courts against US President Donald Trump for violating all international laws by ordering the assassination of …

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UK industrial production drops 1.2% in November

13 Jan

UNITED STATES (OBSERVATORY NEWS) The volume of industrial production in the UK in November fell by 1.2% compared with the previous month, and in annual terms – by 1.6%, according to the National Statistical Office (ONS). Analysts interviewed by Reuters forecast that industrial production in the reporting month fell by 0.1% on a monthly basis, …

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India negotiates coal supply with Russia and Mongolia

13 Jan

UNITED STATES (OBSERVATORY NEWS) Indian authorities are negotiating with Mongolia and Russia on the supply of coking coal to reduce dependence on other countries, the Economic Times writes with reference to the Minister of Oil, Natural Gas and Steel of the Republic of India Dharmendra Pradhan. According to him, India imports coal from Australia, but …

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US adds 7 more Venezuelan citizens to sanctions list

13 Jan

UNITED STATES (OBSERVATORY NEWS) The United States has included seven Venezuelan citizens on the list of sanctions, it follows from a document published on the website of the US Treasury. The list includes Venezuelan parliamentarians, in particular Luis Parra, who was elected to the post of speaker of the Venezuelan parliament instead of opposition leader …

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Mexico has classified data on hedging risks from lower oil prices

13 Jan

UNITED STATES (OBSERVATORY NEWS) The authorities decided to no longer publish information about transactions with investment banks because of fears of attracting speculators and incurring additional costs. Information on transactions of the Mexican government with oil derivatives was previously published annually, but since 2019, the Lopez Obrador administration has made it a state secret for …

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Central Bank of the world facing a global dilemma

13 Jan

UNITED STATES (OBSERVATORY NEWS) Since the 1980s low interest rates – both nominal and real – have become a constant feature of developed countries. Many today are wondering: how long can this trend persist? A Geneva report on this subject, prepared jointly by the International Center for Monetary and Banking Research and the Center for …

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US refuses to charge China with currency manipulation

13 Jan

UNITED STATES (OBSERVATORY NEWS) US authorities will no longer consider China a “currency manipulator” before signing a preliminary trade agreement. This was reported with reference to unnamed sources on Monday, January 13, a number of media outlets. The US Treasury announced the PRC a “currency manipulator” in early August 2019, claiming that the Chinese authorities …

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Bloomberg: US plans to revoke the manipulative mark of China in the currency

13 Jan

UNITED STATES (OBSERVATORY NEWS) Bloomberg said on Monday, citing informed sources, that the United States plans to cancel its branding China as a manipulative currency, with leaders of the two countries ready to sign a one-stage trade agreement this week. According to Bloomberg, the US Treasury will take the step in a semi-annual report due …

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Iraq fears an economic “collapse” if Trump decides to freeze his oil revenues

13 Jan

UNITED STATES (OBSERVATORY NEWS) Iraqi officials express their fear of an economic “collapse” if Washington imposed sanctions that it had previously hinted at, including freezing bank accounts in the United States, in which Baghdad holds oil revenues that make up 90 percent of the state budget. US President Donald Trump was angry after the Iraqi …

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Israeli man sentenced to four months in prison for infiltration in Jordan

13 Jan

UNITED STATES (OBSERVATORY NEWS) On Monday, the Jordanian State Security Court issued a four-month prison sentence and a fine for an Israeli arrested last October after illegally infiltrating the kingdom. In a public hearing, the court sentenced convicted Konstantin Kotov (35 years) to four months in prison and a fine of 1,000 Jordanian dinars (about …

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Tehran denies any attempt on its part to conceal the issue of Ukrainian plane

13 Jan

UNITED STATES (OBSERVATORY NEWS) Tehran on Monday denied any attempt to “cover up the issue” of accidentally shooting down the Ukrainian plane last Wednesday near the Iranian capital. “In these sad days, criticism has been leveled at the country’s officials and authorities. Some officials have been accused of lying and of trying to conceal the …

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British Foreign Office summons Iran’s ambassador

13 Jan

UNITED STATES (OBSERVATORY NEWS) The British Foreign Office summoned the Iranian ambassador in London on Monday to express “strong objections” to the British ambassador’s arrest in Tehran for a short period, a spokesman for the British Prime Minister announced. Tehran had criticized Ambassador Rob MacAir for attending an “illegal gathering” in violation of diplomatic agreements. …

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Israeli Knesset agreed to form a committee to decide on granting Netanyahu immunity

13 Jan

UNITED STATES (OBSERVATORY NEWS) The Israeli parliament on Monday approved the formation of a committee tasked with deciding to grant Prime Minister Benjamin Netanyahu immunity from corruption charges against him. Netanyahu asked the parliament earlier this month to grant him immunity, in a move that was expected to take place after the legislative elections scheduled …

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Pakistani judiciary overturns an absentia sentence for the execution of former President Pervez Musharraf

13 Jan

UNITED STATES (OBSERVATORY NEWS) A Pakistani court on Monday overturned the death sentence in absentia against former President Pervez Musharraf, noting that the special court that convicted him of treason last year was unconstitutional, a prosecutor in charge of the case told AFP. It was the first time that a former military ruler had been …

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European Commissioner for Trade visits US for new momentum on both sides of the Atlantic

13 Jan

UNITED STATES (OBSERVATORY NEWS) European Trade Commissioner Phil Hogan will meet senior US officials in Washington between Tuesday and Thursday, as they seek to “give new momentum” to trade relations between the two shores of the Atlantic that have been negatively affected by President Donald Trump’s policies. “The trip will be an opportunity to find …

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UAE to operate first nuclear power plant in months

13 Jan

UNITED STATES (OBSERVATORY NEWS) Two Emirati officials said on Monday that the first nuclear power station in the Emirates will start work in “a few months” after several delays to meet safety and regulatory requirements. The first Emirati nuclear reactor, the Baraka Station, was scheduled to open in late 2017, but was delayed several times. …

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Abe arrives in the Emirates on the second leg of his Gulf tour

13 Jan

UNITED STATES (OBSERVATORY NEWS) Japanese Prime Minister Shinzo Abe arrived on Monday in the UAE, the second stop after Saudi Arabia, on his Gulf tour, amid tensions in the Middle East region since the United States assassinated Iranian General Qassem Soleimani. “I welcome the Prime Minister of Japan in Abu Dhabi. The UAE and Japan …

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London can work with Huawei without compromising its relations with Washington

13 Jan

UNITED STATES (OBSERVATORY NEWS) The Director of the British Internal Intelligence Service, “MI5”, Andrew Parker stressed that the government can work with the Chinese company “Huawei” in the field of the fifth generation of the Internet without causing harm to its relations with the American intelligence services. The comments came on the back of speculation …

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