Iran is moving to dramatically devalue its currency amid climbing inflation for the country gripped by punitive U.S. sanctions. Iranian President Hassan Rouhani sent a bill to Parliament Wednesday that would slash four zeroes from the rial, which has reportedly lost some 60% of its value since President Donald Trump withdrew from the Iranian nuclear […] Read more
US President Donald Trump has said he has approved the proposed deal to sell 66 Lockheed Martin F-16V fighter jets to Taiwan – a move set to significantly boost the self-ruled island’s defences against mainland China. Taiwan’s defence ministry welcomed Trump’s announcement, saying that it would help to maintain security in the Taiwan Strait and […] Read more
(Reuters) – Capital One Financial Corp said on Monday that personal information including names and addresses of about 100 million individuals in the United States and 6 million people in Canada were obtained by a hacker who has been arrested. The suspect, a 33-year-old former Seattle technology company software engineer identified as Paige Thompson, made […] Read more
UK Chancellor Sajid Javid announced on Wednesday that the government would double Brexit funding for this year to prepare for no deal. The extra funding will be provided to departments immediately to ensure that the government “steps up vital operational preparations across the country,” the government’s statement said. The money will be used for border […] Read more
The day after the British government signalled a ramping-up of preparations to leave the European Union without an agreement, two reports have called into question the readiness for a no-deal Brexit. The employers’ organisation the Confederation for British Industry (CBI) says that after analysing plans by the UK government, the EU Commission and member states, […] Read more
French carmaker Renault on Friday cut its 2019 revenue outlook, on the back of falling demand and tough conditions within the automotive industry. Renault said it was now expecting 2019 revenue to be close to last year’s level, down from its previous full-year revenue guidance. The global auto industry has been hit by China’s slowing […] Read more
Boris Johnson: Diplomatic disaster, EU basher or reincarnated olive – who is the new British leader?
Boris Johnson has been crowned the new leader of Britain’s Conservative Party, and will become Prime Minister of the United Kingdom at its most critical moment of modern times. The 55-year-old beat Foreign Secretary Jeremy Hunt in the runoff to replace Theresa May. “My chances of being PM are about as good as the chances […] Read more
The British Chancellor of the Exchequer, Philip Hammond, announced on Sunday that he would resign if Conservative leader candidate Boris Johnson is elected as next British prime minister on Wednesday. “I intend to resign after prime minister’s questions on Wednesday”, Hammond told the BBC’s Andrew Marr Show. Hammond’s announcement came just before foreign office minister […] Read more
Iran seized a foreign tanker with 12 crew accused of smuggling fuel in the Gulf, state television quoted Iran’s Revolutionary Guards as saying on Thursday. “A foreign vessel smuggling one million litres of fuel south of Larak Island in the Persian Gulf has been seized,” the station said. The vessel was first towed on Sunday […] Read more
U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in Britain and 31 other countries across the continent. Xoom allows customers to transfer money abroad to more than 130 markets internationally, including India, Pakistan, Nigeria, Kenya, Poland and China. The company said the roll-out would help it […] Read more
