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Sri Lanka to pay Iran oil debt in tea as trade partners look for creative ways to avoid Trump sanctions

[ad_1] Sri Lanka is drawing up proposals to get around international sanctions on Iran by paying its oil debt with the Middle East country in tea, according to a report. Ceylon Petroleum Corporation (CPC), the national oil and gas company of Sri Lanka, owes Iran $250m (£190m) for oil purchases made …

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China outraged at vaccines firm that faked documents relating to child rabies jabs

[ad_1] A scandal involving a Chinese pharmaceutical company that faked documents relating to a rabies vaccine for babies has prompted outcry in the country. Shares in Chinese drug makers and biotech firms plummeted across the board on Monday as premier Li Keqiang attacked Changsheng Biotechnology for crossing a “moral red …

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Saudi Arabia struggling to sell oil after raising output to please Trump, say financial experts

[ad_1] Saudi Arabia has rushed to boost oil production under pressure from US President Donald Trump – only to discover that global markets might not need it yet, according to some financial experts.  The kingdom’s crude oil output surged the most in three years last month, as the US president demanded his ally’s help in …

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