Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

EU and Iran to revive nuclear talks this week

Negotiators from the EU and Iran will meet this week in Brussels to restart Iran nuclear deal talks. AFP File Photo
  • The agreement between Iran and world powers was to find a long-term solution to the now two-decade-old crisis over its nuclear program
  • It has been moribund since former US president Donald Trump walked out of the deal in May 2018 and imposed sweeping sanctions

The EU’s top negotiator will meet his counterpart from Tehran this week in Brussels for talks on restarting negotiations over Iran’s nuclear deal, a spokesman for the bloc said on Monday, October 25.

The EU and world powers are scrambling to try to get negotiations in Vienna aimed at reviving the 2015 accord back on track after the election of a hardliner in Tehran.

Iran’s chief negotiator on the deal, Deputy Foreign Minister Ali Bagheri, wrote on Twitter that he would be in Brussels on Wednesday “to continue our talks on result-oriented negotiations”.

EU spokesman Peter Stano said the meeting would involve the bloc’s lead negotiator Enrique Mora, who visited Tehran earlier this month to push Iran to restart full negotiations.

Stano said the EU’s diplomatic service was “sparing no efforts to resume talks of all parties in Vienna”.

In Washington, State Department spokesman Ned Price said the United States was “very supportive” of the EU engagement.

“That said,” he told reporters, “the ultimate destination needs to be Vienna.”

The agreement between Iran and world powers to find a long-term solution to the now two-decade-old crisis over its controversial nuclear program has been moribund since former US president Donald Trump walked out of the deal in May 2018 and imposed sweeping sanctions.

His successor Joe Biden has said he is ready to re-enter the agreement, so long as Iran meets key preconditions, including full compliance with the deal whose terms it has violated by ramping up nuclear activities since the US left the pact.

But the Vienna-based talks through intermediaries made little headway, before being interrupted by the election of hardliner Ebrahim Raisi as Iran’s president and suspended for the last four months.

The US lead negotiator on the Iran nuclear talks, Rob Malley, earlier on Monday renewed a warning that the United States had “other options” if Iran’s nuclear work advanced, although he said the Biden administration preferred diplomacy.

The EU acts as coordinator for the deal that also involves Britain, France, Germany, China, and Russia.