European Union Boosts Sanctions on Iran
iStockphoto/Thinkstock(NEW YORK) — The financial noose keeps tightening around Iran’s neck.Already suffering economically because of severe sanctions imposed by the U.S. and the West over the refusal to abandon its rogue nuclear program, Tehran will a…
Nobel Peace Prize Awarded to European Union
iStockphoto/Thinkstock(OSLO, Norway) — This year’s Nobel Peace Prize has been awarded to the European Union.The Norwegian Nobel Committee announced the winner on Friday, saying in a statement, “The union and its forerunners have for over six decades c…
General: Iran’s Supreme Leader Decides on Oil Waterway
iStockphoto/Thinkstock(NEW YORK) — It is entirely up to Iranian Supreme Leader Ayatollah Khamenei to decide whether the Strait of Hormuz will be shut down, the head of his armed forces declared Sunday.Major General Hassan Firouzabadi claimed that Tehr…
Obama Admin Blasts EU Law Charging Domestic Airlines Extra Fees
Medioimages/Photodisc/Thinkstock(WASHINGTON) — The White House is not happy about a new policy by the European Union that would charge U.S. airline carriers every time planes land or leave the continent.The law by the E.U. is intended to reduce green-…
‘Take Your Daughter to Work Day’ for Italian EU Parliament Member
iStockphoto/Thinkstock(STRASBOURG) — Italian MEP Licia Ronzulli brought her 18-month-old daughter Victoria to work at the European Parliament in Strasbourg Wednesday.According to The Mirror, Little Victoria enthusiastically wore a headset, played with…
Sanctions Push Iranian Currency to Record Lows
iStockphoto/Thinkstock(WASHINGTON) — Iran’s currency, the rial, has lost 71 percent of its value against the dollar since September, a fact that a senior Treasury Department official said Monday was a direct result of U.S. and international sanc…
European Union Implements Ban on Iranian Oil; IAEA to Visit Iran
iStockphoto/Thinkstock(BRUSSELS, Belgium) — In response to growing concerns over Iran’s nuclear program, the European Union announced on Monday that it is banning new imports of Iranian crude oil and petroleum products.Existing contracts on imports, t…