Steel
U.S. imposes fresh sanctions on Iran in final days of Donald Trump presidency
The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation. They are the latest in a series of measures aimed at stepping up pressure on Tehran in the waning days of President Donald Trump’s administration, which ends on Jan. 20. U.S. Secretary of State Mike Pompeo said Washington had sanctioned seven companies, including Chinese-based Jiangyin Mascot Special Steel Co. and UAE-based Accenture Building Materials, and two people for shipping steel to or from Iran. He said Iran’s Marine Industries Organization, Aerospace Industries Organization and the Iran Aviation Industries Organization had also been blacklisted over conven...
China accuses India of discrimination over latest app ban
Beijing lashed out at India on Wednesday after it banned another tranche of Chinese apps for national security reasons, the latest sore point between the two nuclear-armed neighbours. Tensions remain high between Beijing and New Delhi after a deadly June clash in a disputed border area that left 20 Indian soldiers dead and an unspecified number of Chinese casualties. India banned 43 Chinese apps on Tuesday — including some from e-commerce giant Alibaba — for threatening “sovereignty and integrity”. China said it had “serious concerns” about the move and India’s “so-called pretext of upholding national security”. “The relevant methods clearly violate market principles and WTO guidelines, and severely harm Chinese companies’ legal rights and interests,” said foreign ministry spokesman Zhao L...
