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European powers reject Iran 'ultimatums' on nuclear deal

European powers said Thursday that they still backed the nuclear deal with Iran, but rejected any "ultimatums" from Tehran to keep it alive. "We reject any ultimatums and we will assess Iran's compliance on the basis of Iran's performance regarding its nuclear-related commitments" under a...

Emirates posts significant drop in profits, at $237M

The Middle East's biggest airline, Emirates, says profits were down almost 70% in the past fiscal year, reaching lows of $237 million, compared to last year's whopping $762 million. The Dubai-based airline's parent company Emirates Group also posted lower profits at $631 million, down 44%...

First wave of Tokyo 2020 Olympic tickets up for grabs

The first tickets for the Tokyo 2020 Olympics went on sale on Thursday, with Japanese residents able to enter a lottery to watch the sport of their choice. Tickets for the 33 sports range from the cheapest general tickets at 2,500 yen ($23) to an eye-watering 300,000 yen ($2,730) for the...

China's exporters fret over Trump tariffs

With the eyes of the world on Washington for this week's high-stakes trade talks between China and the United States, none will be more focused than those of Chinese exporters who are increasingly worried about the impact of more tariffs. Companies shipping a range of products from seafood...

Guaido's deputy arrested in Venezuela

Venezuelan intelligence agents arrested on Wednesday a senior leader of the opposition-dominated National Assembly, in the latest action against lawmakers who joined a failed uprising against President Nicolas Maduro last month. Edgar Zambrano is deputy to National Assembly speaker Juan...

EU voices concern over escalation in northwestern Syria

The recent military escalation in northwestern Syria in an "unacceptable violation of international law", EU foreign policy chief Federica Mogherini said on Wednesday. "The recent military escalation in Northwester Syria, with air attacks and artillery shelling targeting schools and...

UN Security Council to meet Friday on Syria's Idlib

The U.N. Security Council will meet Friday to discuss the escalation of fighting in Syria's northwestern region of Idlib, where hospitals and schools have been hit by strikes, diplomats said. Belgium, Germany and Kuwait, three non-permanent council members, requested the closed-door meeting...

US sanctions on Iranian oil risk stoking OPEC tensions

Washington is counting on Middle East allies to help prevent its sanctions on Iran's oil exports from sending oil prices skyrocketing, but analysts warn that this could further destabilise the already precarious balance within OPEC. The US reimposed sanctions on Iran -- including its crude...