As per a source familiar with the matter at hand, the United States is considering removing Iran’s Revolutionary Guards from its foreign terrorist organization blacklist in return for Iranian assurances for reining in its elite force. According to the source,… Read More ›
US
Repayment of $117M USD bond coupon in roubles would amount to sovereign default after grace period: Fitch
In a statement credit ratings agency Fitch said, if Russia were to repay the two U.S. dollar bond coupon maturing on Wednesday in roubles, it would amount to a sovereign default once the grace period expires. Western sanctions on Russia… Read More ›
Germany to purchase 35 F-35s from United States
Germany has decided to purchase 35 U.S. F-35 fighter jets to replace its ageing Tornado fighters that are capable of delivering a nuclear bomb. The development sees a significant shift in German security policy, including a pledge to reach NATO’s… Read More ›
US federal court summon ZTE for violating probation in visa fraud
On Monday, a U.S. federal court in Texas has summoned lawyers for ZTE Corp for a hearing whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. The company is on probation in… Read More ›
US assets of Russian oligarch Roman Abramovich frozen: WSJ
As per a report from the Wall Street Journal, a few U.S. hedge-funds which have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him. Britain has frozen his assets and… Read More ›
Chinese companies non compliant with US audit standards will be delisted: SEC
Shares of Yum China along with four other Chinese companies have fallen sharply after they were ensnared in an audit dispute between China and the United States. In a statement Yum China Holdings, the owner of KFC, Taco Bell and Pizza… Read More ›
NHTSA issues final rules for fully autonomous vehicles
In a significant development, U.S. regulators have issued final rules which have eliminated the need for manual driving controls for fully autonomous vehicles; the development sees regulators finalizing new crash standards which have to be met by automated vehicle manufacturers…. Read More ›
Midst Russian invasion of Ukraine, China eyes Indo Pacific: Australia’s intelligence chief
On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
Russia proposes nationalizing all foreign owned factories that have stopped operations
A senior member of Russia’ ruling party has called for nationalising all foreign-owned factories that have closed operations in the country over what Russian President Vladimir Putin termed as a special military operation in Ukraine to cleanse it of Neo… Read More ›
Biden bans oil and other energy imports from Russia
In a statement U.S. President Joe Biden said, the United States would ban the import of Russian crude oil as well as other energy imports in retaliation to its invasion of Ukraine. “We’re banning all imports of Russian oil and… Read More ›