Chinese Buyers of Iranian Oil Face Even Tougher US Sanctions

The Trump administration is preparing another escalation of sanctions against Iran as Chinese refiners—the buyers of most Iranian oil exports—are already confronting tighter supplies and existing U.S. restrictions on the trade. Treasury Secretary Scott Bessent said in an Aug. 20 CNBC interview that Washington would announce the “toughest sanctions in history” against Iran on Aug. … Read more

Burnham economic adviser O’Neill rules out government job

The economist Lord Jim O’Neill, who has been advising the prime minister, has said he will not be taking a job in Andy Burnham’s government. Lord O’Neill, a crossbench peer, was once a treasury minister under the Conservatives. As first reported by, external the Financial Times, he said he did not want the constraints involved … Read more

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‘Unfair’: Canada suspends trade talks with US, PM Carney says will match tariffs ‘dollar for dollar’

Canada Prime Minister Mark Carney said that they tried negotiating but didn’t work out (File photo) Canada has suspended trade negotiations with the United States, Prime Minister Mark Carney said, after last-minute changes to Washington’s proposed terms were deemed “unfair” and “uneconomic”.Carney said the decision followed recent progress in talks but added that it had … Read more