Wall Street ends week lower as tech shares retreat
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices....
Germany has told its nationals to leave Iran and refrain from travelling there to avoid getting caught in retaliatory acts by Tehran over Germany's role in triggering United Nations sanctions on Iran over its nuclear programme.
The move comes after Britain, France and Germany on Thursday launched a 30-day process to reimpose UN sanctions on Iran over its disputed nuclear programme, a step likely to stoke tensions two months after Israel and the United States bombed Iran.
A senior Iranian official quickly accused the three European powers of harming diplomacy and vowed that Tehran would not bow to pressure over the move by the E3 to launch the so-called 'snapback mechanism'.
"As Iranian government representatives have repeatedly threatened with consequences in this case, it cannot be ruled out that German interests and nationals will be affected by countermeasures in Iran," Germany's foreign ministry said in a statement posted on its website on Thursday.
"Currently, the German Embassy in Tehran can only provide limited consular assistance on site," it warned.
French Foreign Minister Jean-Noel Barrot said on Thursday, the decision to launch the 'snapback mechanism' did not signal the end of diplomacy. His German counterpart Johann Wadephul urged Iran to now fully cooperate with the U.N. nuclear watchdog agency and commit to direct talks with the United States over the next month.
Meanwhile, Iran's Foreign Minister Abbas Araghchi said in a letter to the European Union's Foreign Policy Chief Kaja Kallas that any E3 efforts to revive UN Security Council resolutions that were terminated under resolution 2231 are invalid and ineffective.
However, he added that Iran is ready to resume diplomatic negotiations provided that other parties demonstrate seriousness and goodwill.
Tehran has always denied producing nuclear weapons.
Meanwhile, Russia says it condemns the move by E-3 to reimpose UN sanctions on Iran.
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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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