(MENAFN - AFP) Iran will impose sanctions on 15 US companies for their support for Israel and its "terrorist actions", state news agency IRNA said Sunday.
The decision, which is largely symbolic because the firms do not do business with Iran, comes two days after the US announced new sanctions on a number of foreign firms accused of collaborating with Iran's weapons programme.
(MENAFN - AFP) When South Korea's Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes.
The ship went down in an archipelago off southwestern South Korea, whose 1,700 islands make up the Dadohaehaesang national park, the country's largest.
(MENAFN - AFP) Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said Sunday.
No one was seriously injured in the accident which occurred Friday in Tempe, Arizona while the vehicle -- a Volvo SUV -- was in self-driving mode, the company said.
(MENAFN - AFP) Wood fashioned into lace and sculpted into evening dresses: the Hanae Mori Manuscrit label led the way this Tokyo Fashion Week in showing the world the original craftmanship that helps set Japan apart from the crowd.
Dresses of persimmon wood lace paired with soft falling black fabric were the star of the show at designer Yu Amatsu's autumn/winter 2017 collection ...
(MENAFN - AFP) Along with banks that have signalled they will be moving jobs abroad, Brexit will probably see the European Banking Authority leave London -- and rival cities are jockeying to be its next host.
The London headquarters of the European Union's financial regulator, in the Canary Wharf district, has 170 staff members from 27 of the 28 European Union nations.
(MENAFN - AFP) A quarter of a century after the fall of the Soviet Union, Russia is finally set to pay off all the foreign debt it inherited from the vanished Communist empire.
Keen to establish a reputation of a reliable borrower -- despite Western financial sanctions over the Ukraine conflict -- Moscow announced last week it would pay off $125.2 million in Soviet-era debt ...
(MENAFN - AFP) Spain's textile sector, flush with the glittering success of brands such as Zara, is beginning to recover from a crisis sparked by cut-throat competition from Asia that destroyed a third of its firms in less than a decade.
Inditex, owner of a range of brands such as Zara, Massimo Dutti and Bershka, easily beat its closest rival, Sweden's H&M, in terms of ...
(MENAFN - AFP) With higher unemployment rates than western Germany and support for the anti-immigration AfD party reaching 20 percent, the country's former communist east has often been associated with economic decline and xenophobia.
But some cities in eastern Germany have emerged as economic bright spots where populist politicians are finding it hard to gain ground.