Ghana is backpedalling out of a banking crisis as the government takes on debt to save a troubled sector and vows to punish the executives responsible. Early in August, Ghana’s central bank revoked the licenses of five local banks and combined them into one — the newly created state-run Consolidated Bank — issuing 5.8 billion […]

In August 1968 Soviet tanks rolled into communist Czechoslovakia to crush a burgeoning democratic reform movement known as the Prague Spring. Here is a recap of the shock intervention that reined in the Soviet satellite state, its aspirations for democracy warded off for another 20 years. – Explosive context – “At 11:00 pm, Soviet, Polish, […]

Austrian Ambassador to Tehran Stefan Scholz said Fri. that the EU seeks to keep financial channels with Iran open after the bloc sustained a loss of nearly $10 billion for cutting off exports to the Islamic Republic. The Austrian ambassador made the remarks in a gathering of foreign representatives residing in Iran and a number of […]

In an interview issued on Saturday, Esproenko International, which specializes in oil and gas services, asserted that it would continue its activities in Iran despite US unilateral sanctions. Esproenko International’s PR manager Carlos Toledo explained that the company had started working with Iran in 2013, “when sanctions on the Islamic Republic were imposed by all […]

Referring to strong economy of Turkey, Senior member of Turkey’s CHP member says the evangelical circles in the USA, have turned the Pastor Brunson issue into a show case to win the millions of evangelical votes in the upcoming mid-term elections in November. The US has threatened to impose more economic sanctions on Turkey if […]

TEHRAN – A senior member of the Majlis says that while the country is under sanctions and foreign pressure, internal unity is the most prominent remedy, believing that unity will “vaccinate” the country against sanctions and plots by ill-wishers. “I believe that now more than any other time we need unity and integrity,” Masoud Pezeshkian, […]

Pressure intensified Saturday to save thousands still trapped by devastating floods that have killed more than 300 in the Indian state of Kerala, triggering landslides and sending torrents sweeping through villages in the region’s worst inundation crisis in a century. Authorities warned of more torrential rain and strong winds over the weekend, as hundreds of […]

TEHRAN – State Secretary Mike Pompeo announced on Thursday that the U.S. State Department has formed an “Iran Action Group” to coordinate and run an aggressive U.S. policy toward the Islamic Republic. Pompeo said that the initiative would be “directing, reviewing and coordinating all aspects of the State Department’s Iran-related activity,” according to the State […]

forthcoming 2016 U.S. presidential election, the Iranians wondered what would happen if the GOP took the White House. I would answer by asking them a similar question: “What if hard-liners opposed to the deal regained power in Iran?” It usually ended the discussion, as I thought it should: after all, I always expected that the […]

TEHRAN – Riza Hakan Tekin, Ankara’s ambassador to Tehran, has said that it is “impossible” for Turkey to stop purchasing Iran’s oil. Turkey imports half of its needed crude oil from Iran and “it is impossible to meet the U.S. demand on stopping purchasing Iran’s oil,” ISNA quoted him as saying in an interview with […]