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Iran Reshuffles Economic Team Ahead of US Oil Ban

Iran is seeking to change its economic policies in the face of US sanctions by replacing several ministers, and drafting contingency plans – such as a fiscal stimulus package, diversification in foreign trade and investment ties, as well as an…

One Dead After Shooting at Sri Lankan Energy Firm Protest

MOSCOW (Sputnik) – A man died and two others were wounded when a security guard at Sri Lanka’s state energy corporation opened fire on protesters, Daily Mirror reported. The rally was held Sunday at the head office of Ceylon Petroleum Corporation in a…

Debt Pressure on Italy Mounts Amid S&P Outlook Downgrade

The international credit rating agency has reaffirmed Italy’s sovereign debt rating, but changed its outlook to negative over the country’s 2019 budget proposal – which comes amid Italy’s escalating tensions with the European Commission, lingering economic uncertainty, and financial market…