Huawei is paying its employees bonuses totaling more than $285 million as thanks for helping the Chinese tech giant cope with U.S. sanctions that threaten its smartphone and other businesses.
Read moreIran has discovered a new oil field in the country’s south with over 50 billion barrels of crude, its president said Sunday, a find that could boost the country’s proven reserves by a third as it struggles to sell energy abroad over U.S. sanctions.
Read moreStarting Friday, Texas must pay daily fines of $50,000 for not abiding by a court order requiring caretakers to maintain 24-hour supervision of children in group foster homes, a federal judge ruled, adding to the more than $10 million the state has spent fighting reforms in court.
Read moreCall it Schrödinger’s prosecution. Attorneys for a bank charged with the biggest money-laundering scheme to Iran ever alleged in a U.S. court, asserted before a federal judge Tuesday that their Turkish state-run client would not recognize the proceedings.
Read moreThe Trump administration announced new sanctions Monday on the 40th anniversary of the 1979 Iranian hostage crisis, which gripped the nation as 52 Americans were held hostage for 444 days during a student takeover of the U.S. Embassy in Tehran.
Read moreThe World Trade Organization says China can impose sanctions on up to $3.6 billion worth of U.S. goods over the U.S. government’s failure to abide by anti-dumping rules with regard to Chinese products.
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A week after President Donald Trump announced plans to lift sanctions on Turkey as part of a ceasefire, the House of Representatives overwhelmingly approved a sweeping sanctions package against Turkish officials and financial institutions over the country’s invasion of northern Syria.
Read moreThe head of the Syrian Democratic Council has called on Congress to immediately impose sanctions on Turkey to halt what she sees as an impending genocide, just hours after President Donald Trump declared a ceasefire along the Syrian-Turkish border.
Read moreAs Russian troops move into the Syrian borderland and shelling of old American bases continues, the president on Wednesday claimed that a “permanent” ceasefire allows him to lift sanctions against Turkey. He has been sailing against the tide of public opinion, with Americans opposed to the U.S. withdrawal from Northern Syria by a 2-1 margin.
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North Korean leader Kim Jong-un ordered the destruction of South Korean-made hotels and other tourist facilities at the North’s Diamond Mountain resort, apparently because Seoul won’t defy international sanctions and resume South Korean tours at the site.
Read moreHalkbank is “now a fugitive” from criminal charges implicating the Turkish state-run bank in a multibillion-dollar money-laundering scheme to Iran, a federal prosecutor announced at a Tuesday morning court hearing.
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North Korea released a series of photos Wednesday showing leader Kim Jong Un riding a white horse to a sacred mountain he has often climbed before making key decisions. Near the mountain, Kim reportedly vowed to overcome U.S.-led sanctions that he said had both pained and infuriated his people.
Read moreChinese tech giant Huawei on Wednesday reported a double-digit gain in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses.
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The sanctions the United States announced against Turkey this week over its offensive in Syria fall well short of doing serious damage to an economy still healing from a recession and currency collapse.
Read moreA week after announcing the withdrawal of U.S. troops from the region, President Donald Trump said Monday he will soon sign an executive order to impose economic sanctions against current and former Turkish officials for invading northern Syria.
Read moreThe EU on Monday extended sanctions against four Russian intelligence agents linked to a nerve agent attack in Britain, as part of an attempt to crack down on chemical weapons.
Read moreTurkish soldiers and militia allies battled their way into a strategic Kurdish border town on Saturday as they stepped up their assault on northeastern Syria in defiance of mounting international protests and threats of U.S. sanctions.
Read moreLooking to make good on his promise to demolish Turkey’s economy if the country crosses the line in Syria, President Donald Trump plans to sign an executive order expanding the Treasury Department’s ability to sanction Turkish officials.
Read moreChina on Wednesday demanded Washington lift sanctions on Chinese tech companies and said that it will “resolutely safeguard” its own interests in the continuing trade war.
Read moreThe Trump administration on Tuesday announced it is holding imports of clothing, gold, diamonds and other items believed to have been produced with forced labor by companies based in Brazil, China and Malaysia as well as some gold mined in eastern Congo and diamonds from a region in Zimbabwe.
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