VAUX-DE-CERNAY, France, March 26 (Reuters) – Foreign ministers from the world’s leading Western democracies meet in France this week against the backdrop of wars in Iranand Ukraine, economic uncertainty, and mounting unease over an increasingly unpredictable U.S. foreign policy. The two-day gathering at the restored 12th-century Abbaye des Vaux-de-Cernay, about 40 km (25 miles) southwest…
MADRID, March 25 (Reuters) – Spanish Prime Minister Pedro Sanchez said on Wednesday it was unjust for citizens worldwide to bear the cost of what he called illegal U.S. and Israeli actions in Iran, warning the war was inflicting severe global economic damage, with Spanish firms alone losing 100 billion euros ($116 billion) in under…
In a move that could spark a major escalation amid the ongoing war in West Asia, the Iranian Navy said on Wednesday that it struck a US aircraft carrier USS Abraham Lincoln Aircraft Carrier. Earlier in the day, Iran’s naval commander had said that they are constantly monitoring the US fleet USS Abraham Lincoln. (Screengrab/@FarsNews_Agency)…
ISTANBUL, March 25 (Reuters) – Turkey “is playing a role passing messages” between Iran and the U.S. to encourage de-escalation and direct negotiations, Harun Armagan, vice chair of foreign affairs for President Tayyip Erdogan’s ruling party, told Reuters on Wednesday. He did not elaborate on the messages but said they were also being conveyed to…
FTSE 100 Live: Shares jump as oil prices fall as Iran allows some Hormuz shipping Proactive uses images sourced from Shutterstock FTSE 100 up 84 points to 10,049 Brent oil price falls below $100 Iran says ‘non-hostile’ vessels allowed through Hormuz Trading updates Asos, Diageo, Crest Nicholson, RS Group Average UK house prices were up…
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council…
Turkey’s largest private bank plans to set up a Hong Kong office, according to sources familiar with the matter, in a move that underscores the city’s role as a gateway for lenders seeking to connect China and Asian markets with the Middle East. Turkiye Is Bankasi’s board approved the Hong Kong expansion plan two months…
Hong Kong flag carrier Cathay Pacific Airways’ extended suspension of its Middle Eastern flights is likely to have a limited financial impact on its passenger operations as its expanded European services should help offset losses, aviation experts have said. But they warned of broader effects on its cargo business, given the loss of the Middle…
BERLIN, March 24 (Reuters) – Germany’s foreign minister said on Tuesday that he believed U.S. President Donald Trump’s announcement about talks with Iran could mark a turning point in the nearly month-long conflict. “Something is happening, and that’s a good thing in this time when there have been more risks of escalation than possibilities of…
MOSCOW, March 24 (Reuters) – The Kremlin on Tuesday, when asked about a Reuters report that Russia was postponing a plan to boost long-term fiscal reserves, said that the issues were being worked out and that they were being discussed at President Vladimir Putin’s meetings on the economy. Reuters’ sources said on March 23 that…