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Iran's president says U.S. to "regret" for re-imposing sanctions

TEHRAN, Aug. 6 (Xinhua) -- Iran's President Hassan Rouhani said Monday that the Iranians would make the United States regret for re-imposing sanctions against the Islamic republic.

"Through unity and solidarity, the Iranians will weather away the return of sanctions," Rouhani said. "Trump will learn that these kinds of pressures did not surrender Iranians in the past and will never do so in the future."

Rouhani also said that the U.S. administration "is not trustworthy for any negotiations" after its withdrawal from the Iranian nuclear deal.

Air India again delays salaries; employees yet to get pay for July

Mumbai, Aug 6 (PTI) Debt-laden Air India has not paid salaries to its employees for the month of July and is yet to communicate the possible date of payments, sources said.

This is at least the fourth time this year that salaries have been delayed. There were delay in payments in March, April, May and June.

The national carrier, which is facing acute financial crunch, is yet to sent out any specific communication on when the payments are likely to made, sources said.

Air India has more than 11,000 permanent staff.

Adani Power net loss widens to Rs 825 cr in Apr-Jun qtr

New Delhi, Aug 6 (PTI) Adani Power today said its consolidated net loss widened by 82 per cent to Rs 825.15 crore in the quarter ended June 30, 2018.

The company's consolidated net loss stood at Rs 452.84 crore in the quarter ended June of the previous fiscal, a BSE filing said.

According to the statement, the company's total income in the quarter under review declined to Rs 3,959.40 crore from Rs 5,601.25 crore a year ago.

The company said that this reduction in income was due to lower PLFs and billed availability.

Ready to protect European firms from US sanctions on Iran: EU

Brussels, Aug 6 (AP) The European Union today said that new measures are ready to take effect to protect European businesses from the impact of US sanctions on Iran.

The measures also aim to save the agreement meant to curb Iran's nuclear ambitions after the US abandoned the pact. The EU insists the deal is important for global security and is trying to keep economic and financial supply lines to Tehran open.

The EU's executive Commission said today that the "blocking statute" will take effect beginning at midnight Washington time (0400 GMT Tuesday).

Forex for basic goods, pharmaceuticals to be provided at official rate

Tehran, Aug 6, IRNA – Cabinet session headed by President Hassan Rouhani on Sunday reviewed proposals of Central Bank of Iran to reorganize foreign exchange market, announcing that all basic commodities and pharmaceuticals will be provided at rate of 42,000 rials.

Russia starts imposing new taxes on U.S. goods

MOSCOW, Aug. 5 (Xinhua) -- Russia on Sunday started imposing additional import tariffs of 25-40 percent for a range of U.S. goods, according to the Russian government.

Russian Prime Minister Dmitry Medvedev last month signed a government order setting the new tariffs, stipulating that it would become effective 30 days after its official publication on July 6.

South Sudan's rivals ink final deal on power-sharing, security

KHARTOUM, Aug. 5 (Xinhua) -- South Sudan's conflicting parties on Sunday signed a final deal in the Sudanese capital Khartoum on power-sharing and security arrangements.

The deal, reached through talks brokered by the Sudanese government with a mandate by the Inter-Governmental Authority on Development in Africa, was signed by South Sudanese President Salva Kiir, major opposition leader Riek Machar and representatives of other South Sudanese opposition factions.

UK trade minister Liam Fox says EU pushing Britain to no-deal Brexit

5 Aug 2018; DW; UK trade minister Liam Fox has accused the European Union of pushing Britain toward an exit from the bloc without a trade deal. He said Brussels was obsessed with EU rules, rather than focusing on economic well-being.

Britain's international trade secretary, Liam Fox, has put the odds of the UK leaving the European Union without agreeing terms to formally finalize its exit at 60-40.

Erdogan: Turkey to freeze assets of 2 US secretaries

By Fatih Hafiz Mehmet

ANKARA; 4 Aug 2018; AA; The Turkish president said Saturday they will freeze assets of the U.S. "justice and interior" secretaries in Turkey.

"I am instructing my friends today. We will freeze assets, if there are any, of the U.S. justice and interior secretaries in Turkey," Recep Tayyip Erdogan said, speaking at ruling Justice and Development (AK) Party's Women Branch congress in Ankara.

Speaking about the U.S. move to freeze assets of Turkish justice and interior ministers, he said: "This is not logic."

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