deal

Iran Tells Biden 'Ball In US Court' To Revive Nuclear Deal While Admin Says "Long Way To Go"

Iran’s President Hassan Rouhani signaled Washington on the day of President Joe Biden’s inauguration that the “ball is in Washington’s court” to revive the 2015 nuclear deal. “If they [the White House] issue an order, they will see an order issued in Iran, no more. If they effectively implement their commitments, they must know there will be…

Beyond Meat Surges On Reports Of Deal With Taco Bell

In what appears to be Taco Bell’s unconventional answer to McDonald’s bringing back the Crispy Chicken Sandwich, the “Mexican-inspired” fast-food giant has introduced several popular vegetarian options, including a partnership with Beyond Meat, that it hopes will entice more millennial and Gen Z customers. The Yum Brands-owned chain is resurrecting its popular potatoes dishes, while…

Saudi Arabia Lifts Its 3.5 Year Economic Blockade Of Qatar In US-Brokered Deal

Within the Gulf Cooperation Council (GCC) a more than three-year diplomatic and economic war has raged between Saudi Arabia and Qatar, which has even involved the closing of borders and airspace between the two (with UAE firmly in the Saudi camp), hardening into a total economic blockade of Qatar by other members (also including Bahrain and Egypt) but the…

LA Deputies File Suit Against New DA As Judge Defies "Sweetheart" Deal In Gang Murder Case

Los Angeles County’s new, embattled district attorney, George Gascón, is facing allegations that his special advisor, Mario Trujillo, offered a backdoor “sweetheart” deal in the case of a gang member charged with murder. His office issued a brief reply to The Epoch Times denying that Trujillo offered a backdoor deal in the case of Rudy Dominguez….

Bass Blasts "Deeply Corrupt" EU Over Imminent Landmark China Investment Deal

In contrast to the EU, the US Congress passed the Uyghur Human Rights Policy Act in June 2019, and on September 22, 2020, the US House of Representatives passed the Uyghur Forced Labor Prevention Act. As The Gatestone Institute’s Judith Bergman notes, the US has sanctioned at least 28 Chinese officials over their actions in Xinjiang. The list includes senior…

EU Nations Unanimously Approve Brexit Deal As UK Warns Businesses To "Prepare For A Bumpy Ride"

It has been two days since Brussels and London finally released the text of the draft trade deal struck between UK and the EU negotiators last week, and on Monday morning, EU leaders officially signed off on the deal, clearing one of the last major hurdles for what is expected to be a historic trade…

Pound Leaks As Hopes For Brexit Deal Before Christmas Eve Dinner Wane

After another sleepless night for Brexit correspondents and diplomats on both sides of the English Channel, the British media is abuzz with talk about an imminent announcement of a trade deal between the UK and Brussels after Reuters broke news about a planned announcement earlier. However, hopes for a deal in time for Christmas Eve…

Moroccan Police Crack Down On Protests Against Israel Peace Deal As Kushner Sent To Lead Talks

Morocco is on the cusp of agreeing to details and terms of its normalization deal with Israel, similar to the Abraham Accords signed between the UAE, Bahrain and Israel in September.  President Trump announced on December 10 that the northern African Arabic-speaking country is set to become the fourth to normalize relations with Israel this year (the other…

London & Brussels Agree To One Last Round Of Trade Talks As Optimism For A Deal Sours

Despite Boris Johnson’s insistence that the round of post-Brexit trade deal talks that wrapped up late last week would be the end of the line, finally, after more than three years of extremely tedious negotiations – first, to establish post-withdrawal ‘transition’ period/framework for future trade talks (the transition period officially ends Jan. 1), then to…

No Brexit Deal Monday As “Differences On Critical Issues” Remain; BoJo, Von Der Leyen To Lead Next Round Of Talks

Update (1350ET): Monday’s follow-up call between Boris Johnson and Ursula von der Leyen is over, and as expected, the two sides continued to struggle at an impasse on Monday as neither side is willing to give any ground on the three most critical issues: fisheries access, “level-playing field” rules, and “common standards” for governance related…

Airbnb Joins DoorDash By Boosting IPO Price Amid Year-End Deal Frenzy

As tourism and hospitality-related industries tumble into bankruptcy one after the other as the government money runs out and revenues dry up thanks to the pandemic, Airbnb – the sharing economy pioneer that has managed to shift its focus to offering ‘staycation’-type arrangements for high-strung professionals looking to take a little break from city life…

Saudis Raise Crude Prices To Asia For First Time In 4 Months After OPEC+ Deal

Just day after OPEC+ reached an agreement to ease production curbs (in order to keep UAE happy) but assess production levels monthly in order to ensure that oil prices don’t slide after reaching an 8 month high on covid vaccine optimism, Saudi Arabia raised oil pricing for customers on Sunday for its main market of Asia….

Saudis Demand To Be Consulted Before Biden Reenters Iran Nucleal Deal

After President-Elect Joe Biden told The New York Times this past week that should Iran return to compliance to the 2015 nuclear deal (particularly caps placed on enrichment) he’ll return the US to participation in the Obama-era agreement, the Saudis have registered their alarm. Saudi Arabia’s top diplomat said Saturday that Washington must consult the kingdom and Gulf state…

Congress Weighs One-Week Stopgap, Extended Session To Reach Deal

Congress is mulling a one-week stopgap measure to avoid a government shutdown ahead of yet another funding lapse which set to kick in on Friday – while pandemic relief provisions in the CARES act, such as enhanced unemployment benefits, will expire on Dec. 26 if no deal is reached. According to a House Democratic leadership…

Oil Prices Drop After OPEC+ Reaches Deal, Will Boost Output In January

Update (1155ET): OPEC+ has finally reached a deal on a small hike of 0.5MM barrels/day in January, along with a monthly review of global market conditions and whether adjustments must be made, sending oil prices sliding as investors are forced to revise their supply forecasts. As the factious talks dragged on without a deal, the…

Biden Will Preserve Trump’s China Tariffs & Trade Deal As “Rapid Reset” Of Relations Looks Unlikely

Joe Biden just confirmed that President Trump has forever altered the American foreign policy framework – once dominated by a pro-free trade bipartisan consensus closely guarded by the deep state – by confirming that he will not immediately move to scrap the ‘Phase 1’ trade deal or – and this is critical – move to…

S&P Global To Buy IHS Markit In $44BN Deal That Could Be 2020’s Biggest

The quest to build a legitimate competitor to Bloomberg and its ubiquitous terminals continues Monday as IHS Markit and S&P Global confirmed reports about a buyout worth some $44 billion. According to WSJ, S&P Global plans to buy its smaller rival to create “a powerful challenger to information powerhouses Bloomberg and Refinitiv,” assuming the deal…

Europe’s Green Deal Is Bad News For US LNG

Authored by Irina Slav via OilPrice.com, U.S. LNG producers have had a tough few months, what with the pandemic and plunging prices because of an oversupplied market. Now, prices have improved substantially as production declines while exports have been rising for three consecutive months. The future, however, contains some storm clouds. French utility Engie recently pulled out of…

PNC Buys BBVA’s US Arm For $11.6BN In 2nd-Biggest Banking Deal Since Collapse Of Lehman

With the Fed expected to continue suppressing lending margins for the foreseeable future, the slow creep of consolidation in the banking industry continued Monday morning when Pittsburgh-based PNC Financial announced that it had agreed to buy the US business of Spanish banking giant BBVA for $11.6 billion. According to Reuters, the deal is the second-biggest…

Newsmax Buyout Eyed By Trump Allies Seeking ‘Fox News Killer’; CEO Denies Deal

The CEO of conservative pro-Trump cable channel Newsmax has denied rumors that a Trump-allied private equity firm Hicks Equity Partners has ‘held talks in recent months’ about acquiring them, according to the Wall Street Journal. “Newsmax never had any deal with the Hicks group, and if it’s true they were using our name for the…

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