ICC ends contract with French insurer amid US sanctions threat
ICC and Axa terminate agreement amid mounting US criticism and looming financial restrictions on the court, FT reports.
This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
17 matching records found
ICC and Axa terminate agreement amid mounting US criticism and looming financial restrictions on the court, FT reports.
The fields in Xinjiang’s Awati county – a cotton hub hit by US sanctions – were nearly ready for the October harvest. Yusup Molamaiti, a 36-year-old technician, recalled what it was like manually planting and harvesting 37 mu (about 2.5 hectares or 6 acres) of scattered plots of land. “Planting a single mu took up to three hours with two people laying plastic film by hand,” he said. Harvesting would lock his family into year-round labour, yielding just 250-300kg (551-661lbs) per mu. Today, his...
A plain-English guide to Venezuela in 2026: who holds power since Nicolás Maduro's capture, how oil and US sanctions now work, and what to watch next. The post Venezuela Explained 2026: The Transformation, the Oil Economy and What to Watch appeared first on The Rio Times.
Cuba Deputy Minister of Foreign Affairs Carlos Fernández De Cossío says sanctions are hobbling the island’s efforts to overhaul its economy and embrace capitalist reforms. He also acknowledges that people in Cuba are hoping political change in Washington might ease pressure on the island. Speaking with David Gura, De Cossío says, “if the US eases the amount of pressure, then those transformations in Cuba can go a long way and become truly irreversible, which is our aim and in theory is what the US wants to happen.” (Source: Bloomberg)
Flights between Iran and the United Arab Emirates have been suspended, following tighter US sanctions on Iran's aviation industry. The move effectively cuts Tehran off from Dubai, one of the region's most important commercial hubs. There are also huge backups near Iran's border with Turkey, as overland shipping routes struggle to fill the gaps. Also in this edition - Donald Trump and Xi Jinping hail strong ties between the US and China as they discuss AI, trade, and energy.
Iranian flights to the United Arab Emirates were canceled as US sanctions start biting into Tehran’s already limited connectivity with other countries.
Tehran hints retaliation as Georgia and Azerbaijan suspend Iranian flights amid mounting US sanctions on airlines.
Iran has threatened countries enforcing US sanctions on its airlines, warning that their airports could face disruptions
Indonesia plans to press ahead with discounted Russian crude oil imports to secure domestic energy supplies and manage fiscal pressures, despite the risk of higher US tariffs as Washington moves to tighten economic pressure on Moscow. On Friday, US President Donald Trump signed into law an act that would give him authority to impose sanctions on Russia and slap tariffs of up to 100 per cent on the top five buyers of Russian crude oil, gas and military equipment, or countries that help Moscow...
The sanctions, introduced during the Biden administration, targeted Eritrea's governing party and the military.
Chinese researchers have made early strides in pushing semiconductor processing nodes below 3-nm using older lithography technology, as more advanced extreme ultraviolet lithography (EUV) tools from ASML remain blocked under US sanctions. The breakthrough marks the latest progress in China’s drive to chart an alternative path to advanced chipmaking amid US export restrictions. Under current export control rules, Dutch equipment giant ASML is barred from selling its state-of-the-art EUV machines...
Sanctioned Chinese companies are increasingly turning to open-source research to innovate and reverse-engineer restricted foreign technology, with a 72 per cent surge in scientific literature citations in their patent applications, according to a new study. While the United States said it expanded its Entity List to safeguard national security and preserve its technological edge, an analysis of Chinese patent filings over the 12 years until 2022 showed that US restrictions on access to...
The Trump administration said more releases would be secured soon amid improved US-Belarus relations.
A close financial fixer for ousted Venezuelan President Nicolas Maduro pleaded guilty in Miami to a money laundering charge related to the South American country’s food-import contracts and oil sales that violated US sanctions.
A US congressional advisory body on China said on Friday that leading Chinese artificial intelligence firms declined to meet its members during a recent Beijing visit over concerns that doing so could expose the firms to US sanctions. But members also underscored the importance of the coming AI dialogue between Washington and Beijing. “We were told you guys are a really scary commission, and you do hawkish anti-China things, and they’re afraid if they meet with you, they might be put on the...
Many Iranians cannot access or afford life-saving drugs, but authorities say pharmaceutical sector will not collapse.
New US sanctions on Cuba name a grandson of Raúl Castro and five state firms, days after Havana widened the space for private business. The post US Sanctions Hit Cuba as Havana Widens Private Business appeared first on The Rio Times.