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.... He said the island had nothing to hide. Its corporate tax system was sanctioned by the Organisation for Economic Co-operation and Development (OECD) and is in line with the EU's freedom of establishment. ... [Read full article on BBC ]
Thursday 25th of May 2017 09:54:43 PM
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.... Vitol is a major trader in North Sea oil and owns VPI Immingham on the river Humber which provides power for oil refineries. The firm was fined £13m in 2007 after admitting payments to the Iraqi state oil company, and in 2012 was engaged in oil trade with Iran after EU sanctions had been put in place. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 05:00:43 AM
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Latest Finance News related to Sanction

Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
.... He said the island had nothing to hide. Its corporate tax system was sanctioned by the Organisation for Economic Co-operation and Development (OECD) and is in line with the EU's freedom of establishment. ...
Oil bosses have given £390,000 to Tories under Theresa May image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 05:00:43 AM
.... Vitol is a major trader in North Sea oil and owns VPI Immingham on the river Humber which provides power for oil refineries. The firm was fined £13m in 2007 after admitting payments to the Iraqi state oil company, and in 2012 was engaged in oil trade with Iran after EU sanctions had been put in place. ...
Ex-RBS boss Fred Goodwin returns to spotlight in £520m court battle image
.... He is being prepared for the case by his legal team at Clifford Chance who will be advising him on what to expect in court and prepare his formal witness statement. It is a civil case heard before a high court judge without a jury so Goodwin does not face any criminal sanction, but RBS is facing a compensation claim of £520m plus interest – which could take it up to £800m – from the investors. ...
General election 2017: 'Robin Hood tax' on City pledged by Labour image
....Mr McDonnell also said Labour would ensure "fairness" in the UK's tax system with a string of tax-avoidance measures. These include increasing the number of people investigating the tax affairs of the wealthiest individuals, banning companies involved in tax avoidance from public contracts, sanctions against "abusive" tax havens, and forcing MPs to publish details of any offshore financial interests. ...
I was conned by a fraudster pretending to be an Airbnb host image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
....I am taken aback by its attitude. The scam artist was able to place a listing and steal my money without any scrutiny or sanction. ...
Uber faces criminal probe in US over 'greyball' code image
Source : BBC [Read Article] Friday 5th of May 2017 08:51:04 AM
.... It helped Uber limit fraud and protect drivers from harm, it added. It is not clear what sanctions Uber will face if the investigation finds that it did act illegally. ...
Women make up same proportion of UK high earners as six years ago image
Source : Guardian [Read Article] Monday 1st of May 2017 11:01:11 PM
....“The expectation is that gender pay reporting will start to make an impact in the next few years,” said Watson. “However, there have been concerns that the new legislation lacks teeth as businesses that fail to report their gender pay figures will not face any sanctions and those that report particularly bad gender pay figures will simply be ‘named and shamed’. ...
As wind, wave and shale power converge, could this be the end for Opec? image
.... Global oil discoveries were at a record low in 2016, at 2. 4bn barrels compared with an average 9bn barrels over the past 15 years, and the number of projects sanctioned by companies was at a 70-year low. ...
Trump won't scrap Nafta trade deal 'at this time' image
Source : BBC [Read Article] Thursday 27th of April 2017 05:40:25 AM
....On Tuesday, the US lost a trade battle with the other Nafta signatory. The World Trade Organization ruled that Mexico could impose more than $160m (£125m) annually in sanctions against the US on commerce in tuna, capping a dispute dating back to 2008. ...
Trump 'considering draft order to scrap Nafta' image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:10:08 PM
....On Tuesday, the US lost a trade battle with the other Nafta signatory. The World Trade Organization ruled that Mexico could impose more than $160m (£125m) annually in sanctions against the US on commerce in tuna, capping a dispute dating to 2008. ...
Sports Direct staff supplier Transline faces administration image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:57:01 PM
...." . Sports Direct owner Mike Ashley recently sanctioned the appointment of a workers' representative to the firm's board in an attempt to improve the company's image. ...
Accountants Grant Thornton fined £2.3m over audit image
Source : BBC [Read Article] Monday 24th of April 2017 02:48:48 PM
...." . "This misconduct is rightly reflected in the seriousness of the sanctions, such as the exclusion of Mr Napper from membership of the ICAEW (Institute of Chartered Accountants of England and Wales) and the fines on both respondents. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
.... It has used its influence to fight anti-tobacco legislation across the world. The chamber campaigned against US sanctions on Russia after its incursions into Ukraine and Donohue met Egypt’s authoritarian president, Abdel Fatah al-Sisi, after his recent White House visit. ...
Exxon Mobil denied permission to resume Russian oil work image
Source : BBC [Read Article] Friday 21st of April 2017 08:47:11 PM
. Oil giant Exxon Mobil will not be allowed to resume drilling in Russia after US President Donald Trump vowed to uphold sanctions. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
.... António Horta-Osório, the bank’s chief executive, said it was a “moment of huge pride for all of us at Lloyds” that the government could say it has already reclaimed its money. Even so, it has taken much longer than expected during the financial crisis and has only been possible because Hammond was able to sanction the recent sales at a loss because of profits made from earlier transactions when the share price was higher. ...
Volkswagen to pay $2.8bn for cheating on US diesel emissions tests image
Source : Guardian [Read Article] Friday 21st of April 2017 03:38:12 PM
....VW admits that nearly 600,000 diesel cars in the US were programmed to turn on pollution controls during testing and off while on the road. VW attorney Jason Weinstein says the criminal fine is an “appropriate and serious sanction”. ...
UK bank accounts of Iranian customers still being closed, says law firm image
....Iranian nationals living legally in the UK often have to go to extra lengths when opening a bank account and many who already with one have complained about their accounts being abruptly closed. Some banks refuse to explain why, while others cite sanctions against Iran as the main reason. ...
Germany wants a strong EU. Why would it allow Britain an easy Brexit? | Charles Grant image
.... They echo Merkel’s belief that the strength of the EU matters more than the loss of a bit of trade. And even where corporate pressure exists, German politicians have often privileged strategic interests over economics: big business has been lobbying against EU sanctions on Russia for the past two years – to no effect. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
.... It was the sound of US bureaucracy and capitalism putting bones on a policy conjured in June 2015 when the future president glided down a Trump tower escalator and called Mexicans rapists. The US could further bolster security by applying British-style sanctions against companies and landlords which employed and housed people in the country illegally, Tony Smith, the former head of Britain’s Border Agency, told the Guardian, after speaking on a panel. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
....Before the US election, Mr Trump likened this to "raping" the US, and promised to label China a currency manipulator on his first day in office. That would have triggered talks between the countries and potentially led to US sanctions - something experts warned would have prompted retaliation. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
....And if there is one constituency that Trump listens to consistently, it is business. Aggressive US trade sanctions against China would send equity prices plunging, alarming a US president who measures his economic policy success by the level of the stock market. ...
The Crusader: Trader falls victim to debt collector trying to get back money owed image
....While many small businesses do have insurance to protect them, claiming for a bad debt can hike up policy premiums so much it puts them off. That leaves them especially vulnerable to unscrupulous debt collectors in an industry where authorisations and sanctions vary widely. ...
America owes China $1tn. That’s a problem for Beijing, and Trump knows it image
.... This might sound counter-intuitive given that Beijing can deploy the economic nuclear option if Trump makes good on his campaign pledge to slap whopping tariffs on Chinese imports. The US owes China more than $1 trillion and Xi could send America’s economy into a tailspin by sanctioning a dumping of US Treasury bonds. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
.... “The culture of the benefits office, the old DHSS, has poisoned the job centres. Essentially you’re going there to be sanctioned, you’re going there to check that you are a job seeker, that you are on the path to finding work, and the process is so unpleasant you’d do anything not to do that. ...
New broom image
Source : BBC [Read Article] Friday 24th of March 2017 12:07:35 AM
....In recent years, the sport has focused on maximising its revenues, but despite expanding into new markets, it has arguably failed to attract a new generation of enthusiasts. Races have been held in countries with little or no F1 heritage or established audiences, but where governments have proved willing to pay ever-higher sanctioning fees in exchange for the glamour associated with hosting a grand prix. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... No doubt it would do the same for Guernsey, the Isle of Man, the Cayman Islands and all the other British tax havens. A tax-haven list, with economic sanctions to be attached, is already being prepared by Brussels. ...
S Korea complains to WTO about China over Thaad image
Source : BBC [Read Article] Monday 20th of March 2017 09:12:27 AM
....Tong Zhao, a fellow from the Carnegie-Tsinghua Center for Global Policy, believes China's economic pressure may ultimately prove counter-productive. "Threats of economic sanctions are part of coercive diplomacy, but they may not be useful in addressing the Thaad issue," he wrote in a 2016 report. ...
Labour demands answers over George Osborne's Evening Standard job image
Source : Guardian [Read Article] Sunday 19th of March 2017 08:00:16 PM
.... “I am demanding that the government tell us just how much the Evening Standard earns in advertising revenue from them, and especially from the former chancellor’s old department, the Treasury. “There are a real questions to answer, but Osborne has brazenly flouted the rules by applying for, accepting and announcing a new job before the ethics watchdog could investigate and sanction it. ...
Unilever is safe, but we need better defences against short-term capitalism image
.... The $1. 9bn fine imposed in 2012 for breaching US sanctions still looms large: a monitor installed by the US Department of Justice to oversee the bank’s attempts to improve its compliance functions is still there. ...
Brazil meat-packing giants 'exported rotten beef' image
Source : BBC [Read Article] Friday 17th of March 2017 08:21:35 PM
....Brazil is the world's largest red meat exporter. Agriculture Minister Blairo Maggi will meet foreign ambassadors on Monday to reassure them and try to prevent sanctions being issued against Brazilian meat exporters. ...
Scottish independence: Referendum demand 'will be rejected' image
Source : BBC [Read Article] Thursday 16th of March 2017 06:01:03 PM
.... Possibly after the next Holyrood elections. Options for the FM? She could sanction an unofficial referendum, without statutory backing. ...
Marked down image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:14:06 AM
.... . These ranged from fines and loss of jobs to prison sentences; students caught cheating would be banned from re-sitting the exam as a minimum sanction. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
.... It also wanted more information about Ross’s relationship to Josef Ackermann, the former chief executive of Deutsche Bank who was installed as chairman of Bank of Cyprus after Ross was part of a consortium that invested $1bn in the bank in 2014. Among other questions, the senators wanted to know whether Ross had ever met the Russian ambassador or any other Russian government officials; ever met Russian investors at Mar-a-Lago, Trump’s Florida golf club, and whether the bank was involved with any individuals placed under US sanctions following Russia’s annexation of Crimea. ...
ZTE fined $1.1bn for flouting US sanctions against Iran image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:17:10 PM
....1bn and will plead guilty to charges that it violated US rules by shipping US-made equipment to Iran and North Korea. ZTE Corp obtained and illegally shipped US-made equipment to Iran in violation of US sanctions, the Justice Department said. ...
Philip Hammond urged to pause cut in benefits for widowed parents image
Source : Guardian [Read Article] Tuesday 7th of March 2017 09:00:38 AM
.... “Most parents do an amazing job of getting back to work and building a new life around their children’s needs. The last thing we should be doing is interfering with that by putting them under pressure to find work or face sanctions,” she said, adding that children’s mental health was closely related to how well their surviving parent coped and was around. ...
Oil price will soar without investment in capacity, says watchdog image
Source : Guardian [Read Article] Monday 6th of March 2017 04:00:17 PM
....The next two fastest-growing oil suppliers are expected to be Canada and Brazil. Inside the Opec, the bulk of new supplies is anticipated to come from Iraq, the UAE and Iran, though that could be affected by the wild card of further sanctions on the latter. ...
Cement firm Lafarge paid Syrian armed groups image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:24:34 AM
...."At times, different armed factions controlled or sought to control the areas around the plant," the firm said. "It appears from the investigation that the local company provided funds to third parties to work out arrangements with a number of these armed groups, including sanctioned parties, in order to maintain operations and ensure safe passage of employees and supplies to and from the plant," it added. ...
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
.... He rushed the order on his travel ban, failing to vet it with the relevant departments. His first national security adviser, Michael Flynn, had to resign, after it emerged that he had misled Vice-President Mike Pence about discussing US sanctions with the Russian ambassador before Trump’s inauguration. ...
City watchdog investigating HSBC over potential financial crime, bank reveals image
....Gulliver said: “Our monitor has raised certain concerns but we have continued to progress and our commitment remains unwavering. By the end of this year, we are on track to have our anti-money laundering and sanctions policy framework in place and to have introduced major compliance IT systems across the group. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
.... But a big chunk of welfare spending now goes on permanently supporting people in jobs that don’t pay enough to support their families. As the contributory principle has been eroded, politicians have sought to create a new sense of legitimacy by loading the system with sanctions that dock jobseeker benefits for minor transgressions. ...
Two-car families pay £40 extra per month as fuel prices soar, says AA image
Source : Guardian [Read Article] Friday 17th of February 2017 12:01:17 AM
....Petrol prices dropped sharply in early 2016 when an oil glut pushed the cost of crude below $27 a barrel. Iran ramped up production after international sanctions on the country were lifted. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
....On Monday the Michael Flynn resigned as US national security adviser after it emerged he had lied to the vice-president, Mike Pence, over his conversations with Russia’s ambassador to Washington. Flynn had discussed the possibility of the incoming Trump administration lifting Russian sanctions. ...
UK bosses face tougher punishments over corporate governance rules image
Source : Guardian [Read Article] Thursday 16th of February 2017 09:18:39 AM
....The Financial Reporting Council, which polices the corporate governance codes for listed companies, is asking for new powers to rein in boardroom bosses. It is is currently only able to fine and ban individuals who are members of professional bodies but does not have powers to sanction boardroom directors who are not and wants to to be able to do so. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Senate majority leader Mitch McConnell said Mnuchin “is smart, he’s capable, and he’s got impressive private-sector experience”. Mnuchin will soon be in charge of reforming the tax code, a top priority for Republicans, as well as imposing economic sanctions on foreign governments and individuals, including Russia. ...
BA cabin crew call four-day strike over pay image
Source : Guardian [Read Article] Friday 10th of February 2017 05:04:46 PM
....Unite’s national officer, Oliver Richardson, said: “BA should focus on addressing poverty pay in its mixed fleet, rather than continuing to waste hundreds of thousands of pounds on chartering in aircraft to cover striking workers. “Despite the bully boy tactics, the threats and the sanctions, our members in British Airways mixed fleet have continued to show great resolve in their fight for better pay. ...
GSK needs no medicine despite talk of poor performance image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:49:04 PM
.... Rio may be luckier, but one expects more rigour. How is Sajid Javid’s white paper on the “broken” housing market going down? Are investors terrified by the sanctions that await any company hoarding land and not contributing to the government’s new construction targets? No. ...
British Airways cabin crew begin six days of strikes image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:58:36 PM
....Members of the mixed fleet at Heathrow were set to walk out for most of this week from Sunday in a dispute over what the union, Unite, describes as poverty pay. But BA anticipates that many of the 2,900 crew involved will report for work, and has increased sanctions on strikers by threatening to dock two years of bonuses and removing all staff travel discounts for the next year from anyone joining industrial action. ...
Will Brexit be a success? Academics devise tests to find out image
Source : Guardian [Read Article] Monday 30th of January 2017 01:00:44 PM
....Britain’s exit from the EU must make the country more prosperous and fair, maintain an open economy and increase people’s democratic rights, a group of academics has urged in a list of four tests for making a success of Brexit. As Theresa May prepares for a parliamentary vote that is expected to sanction the triggering of the article 50 process to leave the EU, the thinktank The UK in a Changing Europe has set out criteria for uniting leave and remain supporters. ...
Plain packaging and graphic warnings will ‘crush’ craft drinks, says gin master image
....Sarah Hanratty, interim chief executive of the Portman Group, which administers the industry’s code of practice and set up the Drinkaware website, argues that self-regulation does have teeth. “There are strong commercial sanctions for companies that break the rules and products can be removed from shelves,” she said. ...
Tax return DEADLINE: Millions urged to act TODAY to avoid £100 fine  image
Source : Daily Express [Read Article] Friday 27th of January 2017 04:14:00 PM
....If you have a good reason for filing a late return, you can avoid the fine. Anthony Thomas, chairman of the Low Incomes Tax Reform Group (LITRG), said: “We are anxious that people may feel somewhat panicked by penalty notices from HMRC and just pay financial sanctions for filing Self-Assessment forms late without considering that there may be a perfectly good reason for the delay in filing that may make them eligible for special treatment. ...
Supreme court rules parliament must have vote to trigger article 50 image
Source : Guardian [Read Article] Tuesday 24th of January 2017 10:12:29 AM
.... Rights embedded in the law by the 1972 European Communities Act, which took the UK into what was then the European Community, cannot be removed by the government’s prerogative powers, a majority of the justices declared. The eagerly awaited ruling by the largest panel of judges ever assembled in Britain’s highest court routes the protracted Brexit process through parliament, handing over to MPs and peers the authority to sanction the UK’s withdrawal. ...
Sainsbury's chairman sanctioned for using staff to work on country home image
Source : Guardian [Read Article] Monday 23rd of January 2017 07:00:26 AM
. Sainsbury’s chairman David Tyler was sanctioned by the supermarket’s board after using the company’s staff and suppliers to help revamp his country bolthole. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
.... Rolls-Royce’s internal investigation, we learn, involved disciplinary proceedings against 38 individuals in its civil aerospace, energy and marine divisions, leading to 11 employees leaving the company during the disciplinary process and six being dismissed. Others have suffered sanctions short of dismissal. ...
HMRC criticised over spiralling payments to outsourcing firm image
Source : Guardian [Read Article] Tuesday 17th of January 2017 12:01:23 AM
.... In 2014 ministers brought in Concentrix to clamp down on fraud and error in the system by stopping the benefit being paid to some claimants. Thousands of claimants came forward to say they had been wrongly sanctioned and their benefits frozen for weeks, and sometimes months, without justification. ...
Bookmakers face losing their licence and huge fines over problem gambling image
....] on an equal footing. Parliament gave us a wide range of regulatory tools for a reason,” she said, adding that sanctions were likely to include “higher penalties”, particularly when a company was guilty of “repeated failings”. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
....Betfred declined to comment. The behaviour of gambling firms has come under increasing scrutiny following a year in which industry regulator – the Gambling commission – sanctioned several firms over their failure to prevent problem gambling and money-laundering. ...
Iran welcomes Airbus as first post-sanctions airliner image
Source : BBC [Read Article] Thursday 12th of January 2017 06:06:57 PM
. Iran has taken delivery of its first Western-built passenger plane in decades, following the lifting of sanctions last year. ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
.... . The May 2015 fines paid by the banks were part of a second wave of regulatory sanctions against big international banks for rigging forex rates, almost every day, between 2007 and 2012. ...
Blackrock becomes biggest Lloyds bank shareholder image
Source : Guardian [Read Article] Sunday 8th of January 2017 03:40:57 PM
.... A sale at that price would have raised £460,000. The chancellor, Philip Hammond, has sanctioned sales below the average price of 73. ...
The Scottish pioneer whose plan for a basic income could transform Britain image
....“If you’re free from worrying about having a roof over your head and feeding your children, you can be free to take some risks and manage your own life. You can have the ability to take part in your community and volunteer without the risk of sanctions. ...
A tumultuous year: the 2016 global economy in 10 charts image
Source : Guardian [Read Article] Friday 30th of December 2016 04:04:05 PM
....The price of Brent crude tumbled below $30 per barrel for the first time in 13 years at the start of 2016 as worries over a supply glut intensified. The lifting of sanctions on Iran in January meant the oil producer could ramp up crude exports into a market already awash with supplies thanks to high production from US shale oil and the Organisation of the Petroleum Exporting Countries (Opec). ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... A damning report by MPs concluded the business had been subjected to “systematic plunder” by former owners. MPs voted to strip Green of his knighthood, although the vote was purely symbolic and carried no official sanction. ...
Deutsche Bank reaches $7.2bn settlement with US in mortgages case image
Source : Guardian [Read Article] Friday 23rd of December 2016 05:16:46 AM
.... Three major probes remain. It still faces investigations into the alleged manipulation of foreign exchange rates, suspicious equities trades in Russia, as well as alleged violations of US sanctions on Iran and other countries. ...
JP Morgan fined £26m over interest rate cartel image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:32:10 AM
....The fines, for collusion between 2005 and 2010, totalled 99m Swiss francs. "It is a big sanction based on an in-depth investigation," said Vincent Martenet, President of Comco. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
....Tillerson’s award followed a 2011 deal between ExxonMobil and Rosneft to explore the Kara Sea, in Russia’s Arctic. It was put on hold in 2014 after the Obama administration imposed wide-ranging sanctions against Russia. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....Tillerson, 64, who has spent his whole career at the oil giant, was awarded Russia’s Order of Friendship in 2013 after he agreed a deal with the state-owned oil company Rosneft, run by Putin lieutenant Igor Sechin. The partnership to drill for oil in the Arctic and explore in Siberia and the Black Sea was iced following the imposition of sanctions on Russia when it annexed Crimea. ...
Trump picks Exxon chief Rex Tillerson for secretary of state image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:01:29 PM
.... . And Exxon's business interests there could lead to conflicts of interest for the new secretary of state, especially when it comes to his role in maintaining the Western sanctions regime imposed after Moscow's annexation of Crimea. ...
Problem gambling costs UK up to £1.2bn a year, says report image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:00:51 AM
....6bn in 2015, while this year the industry’s spend on TV advertising hit an all-time high. The industry’s own efforts to police the problem have met with criticism, while a string of sanctions handed down by industry regulator the Gambling Commission have increased the pressure on politicians and industry leaders to combat addiction. ...
King Rex? image
Source : BBC [Read Article] Sunday 11th of December 2016 05:09:38 PM
Iran finalizes $16.8bn deal with Boeing after nuclear agreement, state news says image
....In September, Washington granted permission to Boeing and its European competitor Airbus to sell billions of dollars’ worth of aircraft to Iran. The US and other world powers agreed last year to lift crippling sanctions on Iran in exchange for it curbing its nuclear activities. ...
Iran signs $16bn deal to buy 80 Boeing aircraft image
Source : BBC [Read Article] Sunday 11th of December 2016 11:35:41 AM
.... . It came after the US and other nations agreed last year to lift sanctions on Iran, in exchange for it ceasing its nuclear activities. ...

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