Business

06 July 2020; MEMO: Israeli Foreign Minister Gabi Ashkenazi yesterday warned that annexation might cause Israel’s relations with Jordan and the European Union to deteriorate, Arab48 reported.

According to the website, the EU has discussed punishing action against Israel if it goes ahead with annexation, noting that the punishment could include a halt of foreign ministers’ visits to Israel, halt in dispatching students and cancelling scientific scholarships in Israel.

Tehran, July 5, IRNA – French Foreign Ministry in a statement on Sunday reaffirmed commitment to the Joint Comprehensive Plan of Action.

France's statement was in reaction to a letter forwarded by Iranian Foreign Minister Mohammad Javad Zarif’s to EU High Representative Josep Borrell on invoking Dispute Resolution Mechanism envisaged by the context of the JCPOA.

By invoking DRM, Zarif expressed dismay of the Islamic Republic of Iran at lack of respect to the nuclear deal and failure of France, UK and German Governments to honor their commitments.

VALETTA, 06 July 2020; AA: Turkey’s defense minister and chief of General Staff on Saturday held talks with Malta’s minister for home affairs and national security in Valetta, the capital of the island nation.

06 July 2020; MEMO: Iranian experts believe that the United Arab Emirates (UAE) is working to strengthen its relations with Tehran, in parallel with the rapprochement with Israel.

Kolkata, Jul 4 (PTI) The COVID-19 pandemic has caused "demand destruction" in the overseas markets and it is likely to continue for the next few quarters, eminent bankers said on Saturday.

The disruption will last for six to eight months before business starts to bounce back, they said.

Islamabad, Jul 4 (PTI) Pakistan Prime Minister Imran Khan vowed on Friday that his government would complete the ambitious China-Pakistan Economic Corridor (CPEC) at "any cost" as the USD 60 billion project is a manifestation of the all-weather friendship between the two countries.

New Delhi, Jul 5 (PTI) To augment India's border infrastructure, a large number of highway projects are underway including in Jammu and Kashmir, Arunachal Pradesh, Uttarakhand, Rajasthan and Himachal Pradesh, both by the BRO as well as NHIDCL, Union Minister Nitin Gadkari said.

Work is also progressing on 17 strategic highway-cum-airstrips, three of which have been completed, he said.

Mangaluru, Jul 5 (PTI) Mangaluru city and suburban areas in Dakshina Kannada wore a deserted look on Sunday with the people fully backing the total lockdown clamped by the district administration in the wake of increasing number of coronavirus cases.

The total lockdown is set to continue on all Sundays till August 2 unless otherwise notified.

Shops and business establishments were closed and vehicles kept off the roads.

Only essential services, including hospitals, ambulance services and supply of essential items are allowed.

WASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus,

The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have modified it twice since, adding money on one occasion and more recently permitting more flexible use of the funding despite some grumbling among GOP conservatives.

05 July 2020; MEMO: The US State Department expressed on Thursday its alarm at the link between the forces of Major General Khalifa Haftar and the Russian Wagner group, stressing that this contradicts US and Libyan interests and undermines Libya’s sovereignty.