US evacuates some government employees from Iraq over Iran threat
From Newsmax Washington ordered the departure of non-emergency American employees from its diplomatic missions in Iraq on Wednesday in another show of concern about alleged threats from Iran. President Donald Trump’s administration is applying new sanctions pressure on Tehran and…
US charges intelligence officer in Iran espionage case
From Newsmax A former U.S. Air Force counterintelligence specialist who defected to Iran has been charged with revealing classified information to the Tehran government, including the code name and secret mission of a Pentagon program. The Justice Department said Wednesday…
What rise of Jeremy Corbyn means for the Middle East
By Martin Newland From Asia Times It is impossible to predict with any accuracy the political, economic and social developments in Brexit Britain over the course of this year. But whatever happens, there will be repercussions for the Middle East….
US and China must step off ‘path to disaster’, warns Jeffrey Sachs after storm of criticism over Huawei defence
By Keegan Elmer From South China Morning Post Economist defends comments on tech giant saying the US is targeting it as part of a ‘reckless’ attempt to contain its rival Sachs faced firestorm of criticism on Twitter and says he…
Texas oil surge threatens OPEC
The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have…
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BVI & Cayman Islands sanctions – additional reporting obligations
By Richard May, Martin Livingston, Adam Huckle, Anna Whaley, Brandon Doffing From Maples Sanctions Orders are extended by Statutory Instrument to the British Overseas Territories, including the British Virgin Islands and the Cayman Islands, to implement sanctions regimes implemented by…
Ditching the Dollar: Venezuela moves to Euros in International trade
From Sputnik News Venezuela’s vice president for the economy announced on Wednesday that the country will stop using the dollar for international transactions in favor of the euro. The news follows Venezuela’s turn toward cryptocurrency with the creation of the Petro in an effort…
Saudi Arabia using the ‘oil weapon option’ could cause prices to soar to $150
By Gina Heeb From Business Insider There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince. After the US threatened sanctions against Saudi Arabia, the…
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OPEC OKs modest oil-output hike as Saudis, Iran compromise
From Newsmax OPEC is said to have deal in principle with Iran for output hike OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following…
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Trump is here to stay and change the world
By ROBERTO SAVIO From Caribbean Life ROME, June 18, 2018 (IPS) – Donald John Trump, 45th and current president of the United States, has been seen in many illustrious circles as an anomaly that cannot last. Well, it is time…
