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Tag Archives: its

China Asks WTO for $2.4 Billion Sanctions Against US

China

BEIJING – China seeks $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization (WTO) ruling in a case highlighting the White House’s claims against the US world trade organization. The WTO’s Dispute Settlement Body (DSB) will examine the case that dates …

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China Warns India on Consequences of Huawei Ban

Huawei

BEIJING – The Chinese government increased its pressure on India not to heed US warnings and ban Huawei from selling its network gear in the country due to security concerns, indicating it could retaliate against Indian companies doing business in China, Reuters reported. Sources told the news agency, that “Chinese …

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US Shoot Down Iranian Drone in Hormuz Strait: Trump

We have no information on the loss of a drone today: Zarif WASHINGTON – A US Navy ship shot down an Iranian drone in the Strait of Hormuz after its operators ignored the warnings, US President Donald Trump said in a tweet on Thursday. This is Washington’s first military action …

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Pakistan Presents Progress Report on Anti-Poverty Development Plans to UN

Pakistan

UNITED NATIONS – Pakistan on Tuesday presented its progress report and future plans on meeting the globally agreed and nationally adopted anti-poverty Sustainable Development Goals (SDGs), saying that the government of Prime Minister Imran Khan was committed to accelerating human development in the country, APP reported Wednesday. The progress report …

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Iran Urges Britain to Release Oil Tanker Held in Gibraltar

Gibraltar

TEHRAN – The Gibraltar authorities have intercepted the Iranian super-oil tanker suspected of violating the sanctions imposed by the European Union by carrying a cargo of crude oil from Tehran to Syria ravaged by the war, TRT World reported on Friday. Iran on Friday demanded that Britain immediately release an …

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China Will Scrap Securities Firm Ownership Limits By 2020: Li

China

BEIJING – China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors, Bloomberg reported Tuesday. Full foreign ownership of securities firms, futures businesses and life insurance companies will be allowed by …

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Pompeo Blames Iran for Recent Assault in Kabul

Pompeo

WASHINGTON – As US Secretary of State Mike Pompeo complained against Iran in the wake of the attack Thursday on two oil tankers in the Gulf of Oman, he also blamed the nation for a recent assault in Kabul claimed by the Taliban. AP reported that Taliban Spokesman Zabiullah Mujahid …

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