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Showing posts with the label US SANCTIONS

GitHub to offer its services in Iran after sanction exemption from US

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  Open Source repository GitHub has secured a license from the US government to offer its services to developers in Iran. The Microsoft-owned company will now offer its full range of services in Iran, after imposing restrictions on the platform for Iranian developers due to US sanctions. "This includes all services for individuals and organisations, private and public, free and paid," GitHub CEO Nat Friedman wrote in a blog post published on Tuesday. "Over the course of two years, we were able to demonstrate how developer use of GitHub advances human progress, international communication, and the enduring US foreign policy of promoting free speech and the free flow of information," he added.The US has long imposed broad sanctions on multiple countries, including Iran. Read More

Huawei to pack less of a punch this year after bruising 2020: Analysts

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  By David Kirton SHENZHEN, China (Reuters) - Huawei Technologies Co Ltd this year will likely see slower 5G business and push further into software, while hoping its smartphones get a reprieve from U.S. sanctions which last year struck the chip-reliant heart of its group, analysts said. Limited access to high-end semiconductors means rationing during China's network upgrade, they said, while the dissection of its mobile arm will send Huawei tumbling down rankings while it continues to develop a proprietary operating system. China's leading telecommunications equipment maker found itself on a U.S. trade blacklist in May 2019 due to national security concerns. Huawei has repeatedly denied it is a risk. That effectively banned U.S.-based firms from selling Huawei essential U.S. technology. Last August, the ban was extended to foreign firms with U.S. business, reaching chief suppliers such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC). Read More

Trump's nuclear deal row: SBI to stop handling Iran oil payments, says IOC

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India's refiners currently use SBI and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros Current Affairs News : India's imports of Iranian oil may be hit from end-August after the State Bank of India (SBI) informed refiners it will not handle payments for crude from Tehran from November onwards, the finance chief ofIndian Oil Corp (IOC) said on Friday. The move by the state-controlled bank, India's biggest, comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days. "(Oil) loading will be affected from end-August under the current mechanism unless a new payment route is established," IOC's A K Sharma told Reuters in a telephone interview. 2017/18 due to a dispute over a giant gas field, Iran remained its third-biggest oil supplier. Iran supplied about 458,000 barrels per day (bpd), or about a tenth of India's more