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US considers lifting sanctions on some Iranian oil
“To put it mildly, this is bananas,” said David Tannenbaum, director of Blackstone Compliance Services, a consultancy specialising in maritime sanctions. “Essentially we’re allowing Iran to sell oil, which could then be used to fund the war effort.”
Demand for online jewellery boosts December retail sales
Demand for online jewellery helped boost retail sales in December, despite a difficult festive period overall for retailers, figures show. Sales were up 0.4% from the previous month, the Office for National Statistics (ONS) said, citing online jewellers reporting an increased demand for precious metals such as gold and silver. Internet shopping performed well, while…
Japan movie releases postponed in China after Taiwan row
The releases of at least two popular Japanese films have been postponed in China as the countries are locked in a dispute over Prime Minister Sanae Takaichi’s remarks about Taiwan. The delayed releases include Cells at Work! and Crayon Shin-chan the Movie: Super Hot! The Spicy Kasukabe Dancers, Chinese state media CCTV said. Cinema tickets…
Porsche shares plunge after announcing EV rollout delay
Porsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s 2025 earnings. Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens. Shares of its parent Volkswagen…
Renault’s UK customers told to be vigilant after cyber-attack
Renault’s UK customers are being warned to be vigilant after a company that looks after data for the carmaker was hacked. No customer financial data, such as passwords or bank account details, had been obtained, Renault said, but other personal data had been accessed from a third-party provider. The French-owned carmaker would not specify how…
