Monday, 16 July, 2018

European Union vows to block blow of US Iran sanctions

Exit raises doubts whether European leaders can keep the Iran nuke deal alive Exit raises doubts whether European leaders can keep the Iran nuke deal alive
Lisa Bryan | 18 May, 2018, 15:41

"We now need to act and this is why we are launching the process to activate the "blocking statute" from 1996", Juncker said during Thursday's meeting of European Union foreign ministers in Sofia, Bulgaria.

"We have the duty to protect European companies", Commission President Jean-Claude Juncker said following a meeting of European Union leaders Thursday, May 17 in Sofia, Bulgaria, "We now need to act and this is why we are launching the process".

European Commission President Jean-Claude Juncker described the meeting of leaders in Sofia as a show of unity among member states, and emphasised that the EU has a responsibility towards both the JCPoA and the European businesses that will be affected in the wake of new USA sanctions.

Juncker's announcement comes after U.S. President Donald Trump withdrew Washington from the global deal with Iran, which placed limits on Tehran's nuclear programme in exchange for sanctions relief.

U.S. Treasury Secretary Steven Mnuchin said in an announcement that "sanctions will be reimposed subject to certain 90-day and 180-day wind-down periods".

The European Commission has begun work to implement a law which prohibits European companies from adhering to US sanctions against Iran, a move to help keep the Iran nuclear agreement intact and to defend European corporate interests.


As the European signatories of the JCPoA, France, Germany and the United Kingdom have repeated their commitment to the deal, and discussed compensatory measures to ensure that USA sanctions do not make the agreement void. However, the Cuba row was settled politically, so the blocking regulation's effectiveness was never put to the test, and its value may lie more as a bargaining chip with Washington.

Some will come into effect by early August, with other sanctions coming into force by the beginning of November.

European investments in Iran, mainly from Germany, France, and Italy, have jumped by more than 20 billion euros since 2016.

The European Commission is also encouraging member-states to "explore the possibility of one-off bank transfers to the Central Bank of Iran".

The White House said that the Joint Comprehensive Plan of Action (JCPOA) provides Iran with opportunities for creating a nuclear bomb by evading all current restrictions.

Recommended

  • Rob Goldstone told Senate Trump Tower meeting with Russians was 'bad idea'

    Rob Goldstone told Senate Trump Tower meeting with Russians was 'bad idea'

    They show that Trump Jr. says he doesn't remember ever discussing the Russian Federation investigation at all with his father. Goldstone also revealed that Veselnitskaya's apparently Clinton-free presentation in the meeting had " infuriated " Kushner.
    David Tepper close to agreeing $2.2 bn deal for Carolina Panthers

    David Tepper close to agreeing $2.2 bn deal for Carolina Panthers

    Tepper, age 60, has risen to be one of the world's richest hedge-fund managers since he founded Appaloosa Management in 1993. Richardson had owned 48 per cent of the franchise and the Panthers had several minority owners under the previous regime.
    Amazon makes vague threat after Seattle passes new

    Amazon makes vague threat after Seattle passes new "head tax"

    Bezos also halted two construction projects in Seattle pending the outcome of the head-tax debate, which Sawant called extortion. Herdener then turned the tables, suggesting the people holding the city's purse strings are the problem.
  • Michigan State to Pay $500M in Settlements to Larry Nassar Victims

    Michigan State to Pay $500M in Settlements to Larry Nassar Victims

    The university's financial assets were valued at $6.1 billion, with a net position of $3.9 billion, as of June 30, 2017. Nassar is in a maximum security prison in Arizona, serving a 60-year federal child pornography sentence.
    Kane leads England's squad for World Cup

    Kane leads England's squad for World Cup

    Ruben Loftus-Cheek and Fabian Delph were preferred to the Liverpool midfielder who has struggled with injury problems this season. The selection of Alexander-Arnold, comes after some fine performances in Liverpool's run to the Champions League final.
    Senate passes N9.12t as 2018 Budget

    Senate passes N9.12t as 2018 Budget

    There were equally assurances that the budget would be passed in the first week of May but it was not passed. Also, the budget has just been laid before the House of Representatives by the Appropriations Committee.
  • Microsoft Making Cheaper Surface Tablet To Compete With Apple's iPad

    Microsoft Making Cheaper Surface Tablet To Compete With Apple's iPad

    Later, hardware chief Panos Panay confirmed that Microsoft killed the Surface Mini-at the last second, by many accounts. According to the sources, Microsoft is planning to target the sub $500 market which is now dominated by Apple iPads .
    It was an emotional rollercoaster, but BROOKLYN NINE NINE IS BACK BABY!

    It was an emotional rollercoaster, but BROOKLYN NINE NINE IS BACK BABY!

    NBC heard the call and announced that it would be picking Brooklyn Nine-Nine off of Fox's bloody cancellation floor. Greenblatt acknowledged the quickest they could get Brooklyn Nine-Nine on the schedule would be midseason.
    Facebook has deleted millions of spam posts and fake accounts

    Facebook has deleted millions of spam posts and fake accounts

    This is in addition to the millions of fake account attempts Facebook said it prevents daily from ever registering with Facebook . The numbers were disclosed in a report Tuesday that breakdown how much material Facebook removes for violating service terms.
  • Will Nikki Bella Get Back Together With John Cena?

    Will Nikki Bella Get Back Together With John Cena?

    However, it's just a *tad* awkward to go on TV and talk about how much you want to get back with someone for six minutes straight. He is such a sweetheart and I truly love him so much; he's my best friend. "I want to be the father of her children".
    Apple now has 55 self-driving cars in California

    Apple now has 55 self-driving cars in California

    Waymo had the largest gulf between its self-driving auto permits and the number of drivers at 51 vehicles and 338 drivers. Since Apple has 55 cars undergoing testing right now, that makes it the second largest self-driving fleet in California.
    Sharif's 26/11 statement 'grossly misinterpreted': PML-N

    Sharif's 26/11 statement 'grossly misinterpreted': PML-N

    To a query on Karnataka exit polls, she said the BJP will form the government in the state as the Congress will face defeat. In the interview, Sharif said: "We have isolated ourselves".

Explosive eruption at Hawaii volcano Explosive eruption at Hawaii volcano Large amounts of lava are still spewing out of Hawaii's Kilauea volcano some 14 hours after a big eruption on Thursday morning . The USGS said, Depending on weather conditions, that the ash might fall as far as Hilo, 30 miles to the northeast.

Everton to let Allardyce go, chase Silva (again) as replacement Everton to let Allardyce go, chase Silva (again) as replacement Appearing on Sky Sports on Monday, Allardyce admitted that he did not know what his future would hold beyond the meeting with Moshiri.

Anti-US cleric takes lead in Iraq election Anti-US cleric takes lead in Iraq election Sadr has a zealous following among the young, poor and dispossessed but had been sidelined by influential Iranian-backed figures. People in Iraq voted Saturday in the first parliamentary elections since the country declared victory over ISIS terrorist group.

National Basketball Association won't suspend JR Smith for shoving Al Horford in the back National Basketball Association  won't suspend JR Smith for shoving Al Horford in the back Smith called Pacers guard Lance Stephenson a "clown" for his weird antics on the court-presumably including his dirty play. I've always been on the road. "But if there is anybody I would put my money on it would be this group", Brown said.

Insane golfers courageous erupting volcano in Hawaii to sneak in a round Insane  golfers courageous  erupting volcano in Hawaii to sneak in a round Lava from another fissure that opened over the weekend is making a path for the ocean, about 2 miles (3 kilometers) away. Planes need to be wary of airborne ash which could impact engines and potentially cause engine failure, Accuweather said.

Trump visits first lady in hospital for second straight day Trump visits first lady in hospital for second straight day Trump's spokeswoman had said the first lady was likely to remain hospitalized for "the duration of the week". He wrote about this in his Twitter, reports the Chronicle.info with reference to the UNN.

Some hear 'Yanny,' others hear 'Laurel' in viral, divisive audio Some hear 'Yanny,' others hear 'Laurel' in viral, divisive audio Many celebrities, including Chrissy Teigen and Ellen DeGeneres , have chimed in and shared whether they hear Yanny or Laurel . I, for instance, correctly hear " Laurel ", spoken in a deep male voice with the diction of a seasoned radio announcer.

Nokia's first smartphone with a notch officially unveiled in China Nokia's first smartphone with a notch officially unveiled in China As for the rumoured Nokia X6 price , the smartphone is expected to cost CNY 1,499 for its 4GB RAM, 64GB storage variant. For connectivity, it comes with 4G VoLTE, 802.11ac dual band Wi-Fi, GPS, GLONASS, Bluetooth 5 and a headphone jack.

Sadr eyes Govt as poll upset rocks Iraq Sadr eyes Govt as poll upset rocks Iraq MacCallum added that Trump's top military officials, Defense Secretary James Mattis and Joint Chiefs Chairman Marine Corps Gen. Despite a third place finish, Abadi could potentially still remain prime minister after the government coalition is formed.

Honor 10 officially launched in India for a price of Rs 32999 Honor 10 officially launched in India for a price of Rs 32999 It is powered by the company's HiSilicon Kirin 970 SoC and is offered in one variant - 6GB RAM with 128GB storage. The front camera also has bokeh mode and supports for studio lighting effects in a range of lighting conditions.

African Union reacts to relocation of US embassy to Jerusalem African Union reacts to relocation of US embassy to Jerusalem The protesters in South Africa want government to also expel Israel's ambassador. Ambassador Nikki Haley during an emergency meeting of the U.N.

Hamilton won the pole position at the Spanish Grand Prix Hamilton won the pole position at the Spanish Grand Prix Obviously, if you look from the outside it's easy. "Even in the end, with a fresher set, I wasn't able to attack until the end". Luckily for Verstappen, the damage was only to his front wing endplate and didn't limit his performance too much.

Brave Ireland Unnerve Pakistan Despite Test Defeat Brave Ireland Unnerve Pakistan Despite Test Defeat Pakistan's record on fifth day performances was evidently abysmal with only one win in their last nine day five matches. But Imam-ul-Haq and Babar Azam shared a 126-run fourth wicket stand as Pakistan battled to their winning target of 160.

Rhumbline Advisers Grows Holdings in The Home Depot (HD) Rhumbline Advisers Grows Holdings in The Home Depot (HD) Capital Investment Advsr Lc owns 183,388 shares or 2.27% of their U.S. portfolio. (NYSE:HD) was sold by Roseborough Teresa Wynn. Sypris Solutions, Inc . (NASDAQ: SYPR ) is projected to report quarterly loss at $0.07 per share on revenue of $20.35 million.

School Board: Schools 'Heading In The Right Direction' Under New Leader School Board: Schools 'Heading In The Right Direction' Under New Leader Charles Styler of North Sea and Michael Medio of Water Mill-both newcomers-will duke it out for a seat on the seven member board. Those in the Lansingburgh Central School District will vote on a $50,696,799 budget, representing an 8.59 percent increase.