Geneva: The global aviation industry could run up losses of over USD 5 billion this year if oil prices spike by more than anticipated in light of the tensions building up over Iran's nuclear programme, the industry's trade group said on Tuesday. The International Air Transport Association, or IATA, says it now expects earnings will likely decline to USD 3 billion in 2012. That's down from December's forecast of USD...
05:43 PM, Mar 20, 2012
Washington: President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are deeply at odds over how fast the clock is ticking toward possible military action against Iran's nuclear program, and their talks on Monday are unlikely to change that. Even though Obama has offered assurances of stiffened US resolve against Iran before the White House meeting, the two allies are still far apart on explicit nuclear "red lines" that Tehran...
12:24 PM, Mar 05, 2012
US President Barack Obama talked tough on Sunday claiming that no Israeli government could "tolerate a nuclear weapon in the hands of a regime that denies the Holocaust, threatens to wipe Israel off the map, and sponsors terrorist groups committed to Israel's destruction". ...
11:00 AM, Mar 05, 2012
New Delhi: The international nuclear watchdog, the IAEA, will be meeting on Monday in Vienna in order to discuss Iran and its continued defiance of the West sanctions in promoting its nuclear programme. An IAEA team was recently denied access to specific nuclear areas in Iran. The resolution on Monday is likely to ask Iran to stop stonewalling investigation into possible military dimensions to its nuclear programme. There is already...
10:38 AM, Mar 05, 2012
Israel will not set red lines for military action on Iran, Prime Minister Benjamin Netanyahu warned on Saturday. However, US President Barack Obama has warned against a premature strike. Meanwhile, oil prices spiked to their highest in 4 years. ...
10:41 AM, Mar 03, 2012
Tehran: Israeli Prime Minister Benjamin Netanyahu said on Friday global powers would be falling into a trap if they pursued talks with Iran and he challenged Tehran with a series of demands before he meets US President Barack Obama. But at the same time, Netanyahu was careful at a news conference with Canada's leader to avoid widening a rift with Obama over what Washington fears could be an Israeli rush...
08:53 AM, Mar 03, 2012
Washington: President Barack Obama issued his most direct threat yet of US military action against Iran if it builds a nuclear weapon, but in a message to Israel's leader ahead of White House talks he also cautioned against a pre-emptive Israeli strike. "As president of the United States, I don't bluff," Obama warned Iran in a magazine interview published on Friday, three days before he will host Israeli Prime Minister...
08:22 AM, Mar 03, 2012
Tehran: Iranians wrapped up a parliamentary election likely to reinforce Supreme Leader Ayatollah Ali Khamenei's power over rival hardliners led by President Mahmoud Ahmadinejad. Iranian leaders were looking for a high turnout at Friday's poll to ease a crisis of legitimacy caused by Ahmadinejad's re-election in 2009, when widespread accusations of fraud plunged the Islamic Republic into the worst unrest of its 33-year history. Iran also faces economic turmoil compounded...
08:15 AM, Mar 03, 2012
Tehran: Polls opened on Friday for a parliamentary election in Iran that will test the popularity of the clerical establishment at a time of a standoff with the West over the country's nuclear programme. State radio reported polling stations opened their doors to voters at 8 a.m. (0430 GMT). They are due to close at 6 p.m. (1430 GMT), although this time has been extended in past votes. The parliamentary...
11:28 AM, Mar 02, 2012
Tehran: Iran would take pre-emptive action against its enemies if it felt its national interests were endangered, the deputy head of the Islamic Republic's armed forces was quoted by a semi-official news agency as saying on Tuesday. "Our strategy now is that if we feel our enemies want to endanger Iran's national interests, and want to decide to do that, we will act without waiting for their actions," Mohammad Hejazi...
04:49 PM, Feb 21, 2012
Tehran: Iranian President Mahmoud Ahmadinejad on Wednesday came out in defence of his regime's thirst for nuclear energy, saying that the programme was for peaceful and civilian purposes. In an address to the nation, Ahmadinejad said that nuclear energy costs low in price, adding that his countrys programme would be helpful in knowledge, clean energy and medicines. In an apparent attack on the West, the Iranian president pointed that for...
09:43 PM, Feb 15, 2012
State Department spokesman says world cannot allow Islamic nation to continue nuclear programme. ...
01:17 PM, Jul 13, 2010
![Firms with Iran nuke link penalised by the US]( "Firms with Iran nuke link penalised by the US")
The decision to slap new sanctions against Iran comes after the UN Security Council resolution last week. ...
11:30 AM, Jun 17, 2010
The draft resolution calls for measures against new Iranian banks abroad if a connection to the nuclear or missile programs is suspected. ...
12:32 PM, Jun 09, 2010
The country's army chief also warned that any strike by the US led forces could put oil supplies at risk. ...
05:03 PM, Apr 08, 2010
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