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Thursday, 6 July 2017

European Companies Flocking Into Tehran Widen Divide With Trump - Bloomberg

European Companies Flocking Into Tehran Widen Divide With Trump - Bloomberg:

"Iran made progress this week in preserving its new-found place in the global economy. French energy giant Total SA and German carmaker Volkswagen AG announced agreements to plow money into the Islamic republic, the first to be finalized since U.S. President Donald Trump took office, threatening to abandon the 2015 deal that rolled back a decade of sanctions on Iran. The investments end months of speculation that America’s shifting foreign policy would scare western companies away from taking bets on the Middle East’s fastest-growing economy. They also highlight the widening rift between Trump and European allies, who back President Hassan Rouhani even as the White House reviews the nuclear accord he helped engineer."



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