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September 16, 2018 12:00 AM Europe must offset US pullout from nuclear deal: Iran

BERLIN: Europe should take action to neutralise the consequences of the US decision to quit a 2015 Iran nuclear accord to ensure its own long-term economic interests, Iran´s Foreign Minister said in an interview published on Saturday. Mohammed Javad Zarif told Germany´s Der Spiegel news magazine that Iran could "reduce its implementation" of the agreement 2

September 14, 2018 12:00 AM Deutsche Bank weighs overhaul

FRANKFURT: Deutsche Bank is considering an overhaul to loosen the bond between its retail and investment banks, according to three people with knowledge of the matter, a move that could make it easier to merge some or all of the group with rivals. The German lender is examining creating a holding company structure, a step that would give it more flexibility 3

September 12, 2018 1:07 AM No waiver to India for Iranian oil, Chabahar port: US

WASHINGTON: A senior US official has said that Washington is not offering waiver to any country from curbs on commercial deals with Iran and so far, the restriction applies to India as well, which is a major importer of oil from Iran. Alice G. Wells, Principal Deputy Assistant Secretary of State for South and Central Asia, said in a conference call with journalists

September 7, 2018 12:00 AM Plan more exercises: US, India seal mly communications pact

NEW DELHI: India and the United States signed an accord on secure military communications that both sides hailed as a breakthrough on Thursday, possibly opening the way for sales of sensitive US military equipment to India. The pact was signed after US Defence Secretary Jim Mattis and Secretary of State Mike Pompeo met Indian Foreign Minister Sushma

September 3, 2018 12:00 AM US stoppage of Pak fund is sop to India

ISLAMABAD: The final decision taken by the United States to cancel $300 million “in aid” to Pakistan that had been suspended over alleged failure to take decisive action against militants has the clear potential of undermining the visit of Secretary of State Mike Pompeo to Pakistan on September 4. Just three days before Pompeo, accompanied by Chairman 2

September 1, 2018 12:00 AM Bruised bankers seek consolation prizes after shelved Aramco IPO

DUBAI/LONDON: Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan and Morgan Stanley worked for months to prepare what would have been the biggest ever stock market debut. But the plan to sell 5 percent

July 8, 2018 12:00 AM Iran calls for EU help as shipping giant pulls out for fear of US sanctions

AIX-EN-PROVENCE, France/LONDON: One of the world´s biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France´s CMA CGM that it was quitting Iran deals a blow to Tehran 5

June 28, 2018 12:00 AM US SC deals major blow to US unions

WASHINGTON: The US Supreme Court on Wednesday dealt a major blow to American organized labour, ruling that public sector unions cannot charge non-members fees to cover the costs of collective bargaining. The 5-4 decision by the conservative-dominated court reversed a four-decade precedent and threatened to starve US labor unions of a once-dependable 2

June 21, 2018 12:00 AM Election duties: ECP set to notify code for military personnel

ISLAMABAD: Code of conduct for the Pakistan Army personnel, to be involved in the election duties, will be notified by the Election Commission of Pakistan in a few days time amid reports that the military’s role will be “meaningful” during the upcoming national polls. The code of conduct, it is said, will determine the dos and donts for those army personnel 5

June 13, 2018 12:00 AM Ivanka, Kushner made $82m last year

WASHINGTON: President Donald Trump’s daughter and son in law made at least $82 million in outside income while serving as senior White House advisers last year thanks to investment deals from companies they had previously led, news reports said on Monday. Ivanka Trump reported $3.9 million from her stake in the Trump International Hotel in Washington 8