Kellogg Pulls Out of Crisis-Hit Venezuela

U.S.-based food company Kellogg said on Tuesday it had pulled out of Venezuela due to its brutal economic crisis, the latest business to end operations in the oil-rich nation heaving under hyperinflation and strict price controls. “In December of 2016, Kellogg deconsolidated its Venezuela business from the company’s results. The current economic and social deterioration…

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Russia Moves to Retaliate for US Sanctions

Russian lawmakers Tuesday unanimously approved, in first readings, legislation to retaliate against the United States and other Western countries for last month’s imposition by Washington of sanctions on some of Russia’s biggest companies and business people. One measure would empower the Kremlin to impose sweeping “counter-sanctions” in response. Another would make it a criminal offense…

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US Sanctions Head of Iran’s Central Bank

The United States has imposed sanctions on the head of Iran’s central bank Valiollah Seif , accusing him of helping funnel millions of dollars to Lebanon-based militant group Hezbollah. “Iran’s Central Bank Governor covertly funneled millions of dollars on behalf of the IRGC-QF (the Islamic Revolutionary Guard Corps-Quds Force ) through Iraq-based al-Bilad Islamic Bank…

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Watchdog: US EPA Chief Pruitt Asked for 24/7 Security From Day 1

U.S. Environmental Protection Agency chief Scott Pruitt requested and received around-the-clock security from his first day in office in 2017, the agency’s watchdog on Monday told a lawmaker questioning Pruitt’s expensive security detail. Prior EPA administrators have not had blanket protection. Pruitt, under pressure from Congress for his high travel and security spending in his…

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