ECONOMY

The central bank report also specifies that the German economy showed zero growth in the last three months of 2020

The central bank report also specifies that the German economy showed zero growth in the last three months of 2020

Germany’s economy could suffer a “serious setback” if the authorities decide to prolong the severe restrictive measures because of COVID-19. This follows a report from the German Central Bank. “If the spread of the coronavirus cannot be significantly eased and the current restrictions affecting economic activity are maintained or tightened, it could result in a serious setback [for the country’s ...

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The U.S. is going to punish the vessel capable of completing Nord Stream 2

The U.S. is going to punish the vessel capable of completing Nord Stream 2

The Russian pipe-laying barge Fortuna, capable of completing the Nord Stream 2 gas pipeline, and its owner will fall under new U.S. sanctions on Tuesday, January 19, writes the German edition Handelsblatt. The decision is based on Countering America’s Adversaries with Sanctions Act (CAATSA), which was recently tightened by Congress. The newspaper notes that this is the first time in ...

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White House Reportedly Revokes at Least One Intel Licence to Sell to Huawei

Huawei

The Trump administration blacklisted Huawei and other Chinese tech giants in 2019 as part of a broader trade war with Beijing but has repeatedly issued exemptions to restrictions for US companies, including Intel and Microsoft after the corporations expressed fears that they would face multi-billion dollar losses if the trade was stopped completely. The Trump administration has revoked at least ...

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U.S. imposes sanctions against Cuba’s Interior Ministry

U.S. imposes sanctions against Cuba's Interior Ministry

Beating and torture in Ministry prisons The United States imposed sanctions on Cuba’s Interior Ministry on Friday, accusing the agency of serious human rights abuses. In a statement, the U.S. Treasury Department cited Cuban dissident Jose Daniel Ferrer, who was held in a prison controlled by the Interior Ministry, where he was beaten and tortured. “The United States will continue ...

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The U.S. imposed sanctions on companies from China, Iran and the UAE

The U.S. imposed sanctions on companies from China, Iran and the UAE

Trump administration announces increased pressure on Tehran On Friday, the outgoing U.S. administration imposed sanctions on a number of companies in Iran, China, and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines (IRISL). U.S. Secretary of State Mike Pompeo clarified that a total of seven companies were sanctioned, including China’s Jiangyin Mascot Special ...

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Germany allows Nord Stream 2 to be completed at a decent speed

Germany allows Nord Stream 2 to be completed at a decent speed

The German Federal Office of Shipping and Hydrography (BSH) has authorized the operator of Nord Stream 2 AG to complete Nord Stream 2 in German waters from January to May. There are just over 30 kilometers left to lay on two strings – 16.5 and 13.9 kilometers. The regulator, however, ordered the operator to meet the deadline of 30 days ...

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Biden unveiled the $1.9 trillion “American Bailout Plan”

Biden unveiled the $1.9 trillion "American Bailout Plan"

Democratic congressional leaders welcomed initiatives by Biden and Harris team President-elect Joe Biden made a formal announcement Thursday night in Wilmington, Delaware, about a $1.9 trillion plan to help the U.S. economy affected by the coronavirus pandemic. Biden’s strategy, dubbed “America’s Rescue Plan,” aims to speed up vaccinations, revitalize the economy, and open schools. Speaking in Wilmington with Vice President-elect ...

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The European Union has added new Syrian Foreign Minister Faisal Mikdad

The European Union has added new Syrian Foreign Minister Faisal Mikdad

The European Union has added new Syrian Foreign Minister Faisal Mikdad to its Syria sanctions list, according to a document published Friday in the EU’s official journal. Mikdad was appointed as Syria’s foreign minister after the death of Walid Moualem in mid-November last year. On Nov. 6, the EU added eight new ministers to its sanctions lists for Syria, appointed ...

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Pentagon blacklisted Xiaomi from Chinese companies

Pentagon blacklisted Xiaomi from Chinese companies

The Pentagon has put Xiaomi on the blacklist of Chinese companies. This is reported by Reuters, citing an updated list of the U.S. authorities. According to the publication, a total of nine Chinese entities fell under the new restrictions, which, according to Washington, are associated with the military industry of China. They include one of the world’s largest manufacturers of ...

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The U.S. State Department recalled the sanctions for participation in the construction of the pipeline “Nord Stream-2”.

The U.S. State Department recalled the sanctions for participation in the construction of the pipeline "Nord Stream-2".

The U.S. State Department recalled the sanctions for participation in the construction of the pipeline “Nord Stream-2”. This was reported by a representative of the department. According to him, the State Department has already informed the companies about additional sanctions, as well as the risk of sanctions for continued ties with the project. The restrictions relate to the law on ...

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