english

EU court rules on business rights in light of exploding costs for ditching Iran deals

The European Court of Justice (ECJ) in Luxembourg has ruled that companies based in the EU can cancel contracts with Iranian organizations if upholding the original deal would lead to “disproportionate economic loss.” On Tuesday, the ECJ set a precedent by ruling that Deutsche Telekom’s decision to terminate a contract with the German branch of […]

english

Australia’s Morrison contradicts Biden, says US knew Canberra didn’t warn France about ditching submarine deal in favor of AUKUS

Canberra had kept Washington updated on its dealings with France, Australian Prime Minister Scott Morrison insists, despite US President Joe Biden earlier saying that he thought Paris knew about the AUKUS pact beforehand. France was left stunned and even said it was stabbed in the back after the surprise announcement of the AUKUS deal by […]

english

Australia-EU trade deal would benefit Brussels in Indo-Pacific, Canberra says, after ditching French submarine contract

An Australian-EU pact would be beneficial both for Canberra and Brussels in the Indo-Pacific, Trade Minister Dan Tehan has said, as Australia scrambles to make amends with France after ditching a submarine deal. On Wednesday, Tehan said at a press conference in the Australian capital that a full trade agreement between Canberra and Brussels is […]