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World - 2020-06-25
US imposes sanctions on companies operating in Iran's metals sector

US imposes sanctions on companies operating in Iran's metals sector

  • The Treasury said the sales agents "generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products.
  • Mobarakeh Steel Co is the largest flat steel producer in the Middle East and North Africa and accounts for 1%
Published 25 Jun, 2020 08:04pm
Pentagon lists firms it says are backed by Chinese military
Industry

Pentagon lists firms it says are backed by Chinese military

  • "As the People's Republic of China attempts to blur the lines between civil and military sectors, 'knowing your supplier' is critical," said Pentagon.
  • We envision this list will be a useful tool for the US Government, companies, investors, academic in
Updated 25 Jun, 2020 07:53pm
US jobless claims top 47.2mn with 1.48mn new filings
USA

US jobless claims top 47.2mn with 1.48mn new filings

  • The new claims were a decrease of only 60,000 from the week prior and brought the total since the business shutdowns began in mid-March to more than 47.2 million.
  • "Filings remain elevated, perhaps reflecting companies' inability to maintain their wor
Published 25 Jun, 2020 07:12pm
Spanish economy may have shrunk near 20pc in Q2
Europe

Spanish economy may have shrunk near 20pc in Q2

  • The fall in Spanish GDP looks to have accelerated significantly in the second quarter to a range whose midpoint would be a decline of around 20% quarter-on-quarter.
  • Earlier in June, the Spanish central bank said the impact of a lockdown that started i
Published 25 Jun, 2020 05:24pm