US negotiators in Trans-Pacific Partnership (TPP) talks fought on behalf of big drug-making companies, championing intellectual property laws that would protect their profits from competition by generic medications, leaked documents have revealed.
The US and Cuba could open embassies in each other's capitals as early as July 20, Cuba’s foreign ministry has said, citing a letter from US President Barack Obama. The message comes following the decision to restore diplomatic relations.
Australian lawmakers have slammed the country’s deal-making process as one lacking transparency and oversight. They’ve particularly criticized the currently negotiated Trans-Pacific Partnership for its “excessive secrecy.”
The two parts of the new Nord Stream-2 gas pipeline will be operational by the end of 2019, said Gazprom CEO Aleksey Miller. Gazprom expects Germany’s BASF subsidiary Wintershall to join the project in September.
China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).
Russia’s Bashkortostan is ready to host the 7th BRICS summit and the Shanghai Cooperation Organization (SCO) summit in the capital Ufa, the republic's president Rustem Khamitov told RT. It’s hoped the events will bring the region to a new level, he said.
Over the last two months executives from Royal Dutch Shell and Italian oil major Eni have met Iranian officials in Tehran. This is the first time Western oil firms confirmed talks prior to the expected lifting of Iranian sanctions on June, 30.
With a 60-38 vote, the Senate adopted the law giving President Obama the power to “fast-track” talks on free-trade pacts such as the Trans-Pacific Partnership (TPP) after months of fierce debate in both houses of the Congress.
Russia is to give a further discount on gas supplies to Ukraine, as the oil prices remain low, said President Vladimir Putin. The price Kiev pays for Russian gas should be the same as Poland at above $400 per 1,000 cubic meters, he added.
President Barack Obama managed to drum up enough support among his fellow Democrats to clear a procedural hurdle for a vote on special trade powers, as the Senate voted 60-37 to end the debate on Trade Promotion Authority (TPA).