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Tag: deal

Iran nuclear deal not dead despite US exit, France says

Iran nuclear deal not dead despite US exit, France says

World
Media playback is unsupported on your deviceFrance's Foreign Minister Jean-Yves Le Drian says the Iranian nuclear deal is "not dead" despite US President Donald Trump's decision to withdraw.The 2015 agreement curbed Iran's nuclear activities in return for the lifting of sanctions that had been imposed by the UN, US and EU.But Mr Trump argued that the deal was "defective at its core", saying he would pull out and reimpose sanctions.Other signatories to the nuclear accord say they remain committed to it.The deal was agreed between Iran and the five permanent members of the UN Security Council - the US, UK, France, China and Russia - plus Germany. It was struck under Mr Trump's predecessor, Barack Obama.Iran said it would try to salvage the agreement, but would restart uranium enrichment if i...
Vodafone snaps up cable operators in €18bn deal

Vodafone snaps up cable operators in €18bn deal

Business
Vodafone has agreed to buy Liberty Global's operations in four European countries in a deal worth €18.4bn (£16.1bn).The deal sees the UK-based telecoms giant take control of cable operators in Germany, the Czech Republic, Hungary and Romania.Shares rose 1% in early trading.Vodafone said the "transformative" purchase, which adds to existing operations in Germany and Spain, would make it the leading "next generation network" in Europe with 54 million cable and fibre homes on its network.Including partnerships and wholesale arrangements, the deal will give Vodafone a reach of 110 million homes and businesses, it said.The widely-anticipated deal shifts the balance of mobile operator Vodafone's revenues and earnings further towards fixed line and TV services and also means that Europ...
The case against the AT&T-Time Warner deal has gone badly

The case against the AT&T-Time Warner deal has gone badly

Finance
NEAR the end of the antitrust trial over AT&T’s $ 109bn acquisition of Time Warner, Richard Leon, the presiding judge, asked Randall Stephenson, chief executive of AT&T, what the pay-television market would look like in seven years’ time. Mr Stephenson mused in his folksy Oklahoma drawl that seven years ago his predictions for today would have missed “so hard” when it came to the decline of pay-TV and the rise of competition from Silicon Valley.The exchange sounds self-deprecating but it highlighted what AT&T argued was a crucial weakness in the government’s case. The Department of Justice, which is seeking to block the deal, has chiefly looked back to the past, not forward to a video and advertising market increasingly shaped by Netflix, Google an...
Iran's Rouhani warns Trump of 'historic regret' over nuclear deal

Iran's Rouhani warns Trump of 'historic regret' over nuclear deal

World
Iranian President Hassan Rouhani has warned that the US will face "historic regret" if Donald Trump scraps the nuclear agreement with Tehran.Mr Rouhani's comments come as the US president decides whether to pull out of the deal by a 12 May deadline.Mr Trump has strongly criticised the agreement, calling it "insane".The 2015 deal - between Iran, the US, China, Russia, Germany, France and the UK - lifted sanctions on Iran in return for curbs on its nuclear programme.France, the UK and Germany have been trying persuade the US president that the current deal is the best way to stop Iran developing nuclear weapons. British Foreign Secretary Boris Johnson is travelling to Washington on Sunday to discuss the matter with White House officials. Media playback is unsupported on your deviceThe UN al...
Johnson: Iran nuclear deal must be kept in place

Johnson: Iran nuclear deal must be kept in place

World
The nuclear deal struck with Iran in 2015 should be kept because it allows "intrusive inspections", Boris Johnson has said. The Foreign Secretary intervened after Israel accused Tehran of covering up its weapons programme before signing the deal three years ago.Mr Johnson said a presentation by Israeli Prime Minister Benjamin Netanyahu "underlines the importance" of keeping the deal's constraints on Iran in place.At a time of growing uncertainty, Donald Trump has set a 12 May deadline to decide whether to pull the US out of the accord.::What Benjamin Netanyahu wants to achieve with his Iran 'stunt' 0:40 Video:Israeli PM: Iran hiding nuclear dataMr Netanyahu said "half a ton" of secret Iranian documents obtained by his government showed I...