Live Updates

Business

Judge Reverses $105 Million Trade Secrets Verdict Against Ford

May 01,2023 NYCourier - avatar NYCourier

On Monday, a federal judge in Detroit overturned a jury verdict that ordered Ford Motor Co. to pay Versata Software In...

Treasury Releases Information on Corporate Alternative Minimum Tax

Feb 19,2023 NYCourier - avatar NYCourier

Today the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released information on the Corporate...

El Real Madrid vuelve a entrenar

May 11,2020 NYCourier - avatar NYCourier

  Los jugadores del Real Madrid volvieron este lunes al trabajo tras pasar la pasada semana las pruebas de detección ...

Guatemala civil war film vies for Belgian 'Oscar'

Feb 01,2020 NYCourier - avatar NYCourier

In Belgium's version of the Oscars this weekend, a film about Guatemala's civil war is an unusual nominee -- telling a...

Virtual Facebook currency faces real-world resistance

Jun 21,2019 NYCourier - avatar NYCourier

If Facebook's new cryptocurrency should resonate anywhere it should be India, where the social media giant has more th...

UK opposition calls for election or second referendum on Brexit deal

May 30,2019 NYCourier - avatar NYCourier

The leader of Britain's main opposition Labour party Jeremy Corbyn -- criticised for failing to take a clear position ...

republic's nuclear programme.

Borrel was set to meet President Hassan Rouhani, Foreign Minister Javad Zarif and parliamentary speaker Ali Larijani on the two-day trip, his office said in a statement.

The 2015 nuclear deal between Tehran and a group of world powers has been crumbling since US President Donald Trump withdrew from it in 2018, and Washington has since stepped up sanctions and a campaign of "maximum pressure" against Iran.

Tehran has gradually stepped back from its own commitments under the deal, while military tensions with the United States have brought the arch foes to the brink of full-blown confrontation in recent weeks.

Borrell's mission aims "to de-escalate tensions and seek opportunities for political solutions to the current crisis," said the office of the EU's high representative for foreign affairs and security policy.

The visit will allow Borrell "to convey the EU's strong commitment to preserve" the nuclear deal, known as the Joint Comprehensive Plan of Action, and to discuss cooperation between the EU and Iran, his office said.

- Severe recession -

Washington accuses Tehran of seeking a nuclear weapon, which Iran has always denied.

The deal struck in Vienna between Iran and the five permanent members of the UN Security Council -- Britain, China, France, the United States and Russia -- plus Germany, offered Tehran a partial reprieve from crippling international sanctions.

In exchange, Iran agreed to drastically reduce its nuclear activities and to submit to a tailor-made inspection regime by the International Atomic Energy Agency (IAEA).

The US withdrawal from the deal and its reimposition of biting sanctions deprived Iran of anticipated economic benefits.

The renewed US sanctions have almost entirely isolated Iran from the international financial system, driven away oil buyers and plunged the country into a severe recession.

Since May 2019, Iran has progressively scaled back commitments under the agreement in response to the US sanctions and Europe's inability to circumvent them.

Iran is now producing uranium enriched beyond the 3.67 percent set by the agreement, and no longer adheres to the limit of 300 kilogrammes (660 pounds) imposed on its enriched uranium stocks.

It has also resumed research and development that was restricted under the deal.

- 'Last step' -

On January 5, the Islamic republic announced the "last step" in its plan to roll back on its commitments, saying that it was no longer bound by limits on the number of centrifuges it could run to enrich uranium.

Iran accuses the European parties to the deal of not respecting their own commitments and of doing nothing to help circumvent the US sanctions.

Tehran has stressed, however, that the steps it has taken away from the deal can be reversed if Iran's interests are realised.

However, the European parties and experts question this pledge, saying research and development gains aren't reversible.

In an effort to bring Tehran back to full implementation of the deal, Paris, London and Berlin triggered a complaint mechanism in January.

The mechanism could lead to the reestablishment of all sanctions that were lifted by the UNSC, but, for now, the Europeans have been keen to get Iran back on board rather than reimpose sanctions.

Tehran has long said that if the Iran nuclear dossier were to be sent back to the UNSC, it would signal the definitive death of the 2015 deal.afp

 

Latest News

  • 1
  • 2
  • 3

Life

Life

EU seeks better coordination to tackle coronavirus

Feb 13,2020

European Union nations will on Thursday (Feb 13) discuss ways to increase cooperation in a bid to tackle...

Read more

Education

Returning Clijsters targets Dubai for eagerly-awaited comeback

Feb 10,2020 NYCourier - avatar NYCourier

Four-time Grand Slam winner Kim Clijsters announced Sunday she will return after seven years in retirement at the WTA ...

La Liga chief concerned reforms will hasten growing financial gulf

Jan 21,2020 NYCourier - avatar NYCourier

La Liga president Javier Tebas has warned Europe's top clubs of the destabilising effect seeking further riches throug...

Wilmots resigns as Iran coach

Dec 06,2019 NYCourier - avatar NYCourier

Belgian Marc Wilmots announced he was leaving his position as coach of Iran after six matches in charge which included...

Bucharest set for Euro 2020 draw as tournament enters new territory

Nov 30,2019 NYCourier - avatar NYCourier

Bucharest hosts the draw for Euro 2020 on Saturday with the fates of World Cup holders France and reigning European ch...

Juventus seek 300m euros boost to keep up with European rivals

Oct 25,2019 NYCourier - avatar NYCourier

Juventus president Andrea Agnelli on Thursday asked the club’s shareholders to approve a 300 million euro ($333 mill...

Tour de France star Groenwegen sticking with Jumbo

Oct 22,2019 NYCourier - avatar NYCourier

Sprinter Dylan Groenewegen has extended his stay with up-and-coming Dutch cycling team Jumbo-Visma intil 2023, the rid...