Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.Full Story
The EU removed the Central American country of Belize from its blacklist of tax havens on Friday, a statement said.Full Story
French luxury giant LVMH has not ruled out raising its initial $14.5-billion offer to take over U.S. jewelers Tiffany, sources close to the deal told AFP on Friday.Full Story
The United States could postpone tariffs on Chinese goods that are scheduled to take effect in December, President Donald Trump's chief trade adviser said Friday, in a sign of a potential progress in fraught negotiations.Full Story
The outgoing president of the European Commission Jean-Claude Juncker said Friday he believes the US will not impose new tariffs on imported European cars in the coming days.
President Donald Trump's administration has been threatening since last year to impose tariffs on auto imports to defend the US automaking sector, a symbol of American manufacturing.Full Story
China and the United States have agreed a plan to remove tariffs imposed on two-way goods in stages, the commerce ministry said Thursday, as negotiators try to hammer out a trade deal.
"In the past two weeks, the negotiation leaders of the two sides have held serious and constructive discussions on properly resolving their core concerns and agreed to roll back the additional tariffs in stages, as progress is made towards a (final) agreement," ministry spokesman Gao Feng said at a press conference.Full Story
The shoes are coming off again in Iraq.
In years past, Iraqis have beaten their shoes against portraits of Saddam Hussein in a sign of anger and insult. In 2008, an Iraqi journalist threw his shoes at a ducking President George W. Bush during a news conference to vent his outrage at the U.S.-led invasion.Full Story
Germany's top court on Tuesday put a cap on how far benefits for uncooperative jobseekers can be slashed, in a blow to the controversial unemployment reforms rammed through by Gerhard Schroeder's government in 2005.Full Story
The ongoing trade war between the United States and China is harming both economies, the U.N. said Tuesday, with a sharp drop in exports and higher prices for consumers.Full Story
A mounting death toll in Baghdad and across southern Iraq coupled with reimposed internet restrictions sparked concerns on Tuesday that anti-government protests would once again trigger chaos.Full Story