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Iraq to pay for Iranian gas imports with oil: PM
Iraq to pay for Iranian gas imports with oil: PM
Business and Economy
by  AFP

Iraq will start paying for its Iranian gas imports with oil, to circumvent the complicated mechanism agreed with Washington in order not to contravene US sanctions, the prime minister said Tuesday. Iranian gas is crucial for Iraq's electricity generation, but US sanctions on Iranian oil and gas impose restrictions on how Baghdad can pay for the imports.

Bank of America ordered to pay $250 mn for consumer violations
Bank of America ordered to pay $250 mn for consumer violations
Business and Economy
by  AFP

US regulators ordered Bank of America to pay $250 million in fines and restitution for unfair fees and other banking violations that harmed consumers, authorities said Tuesday. Under the orders, Bank of America will pay $90 million in penalties to the CFPB, $60 million in fines to the Office of the Comptroller of the Currency and $100 million in customer restitution.

Europe's largest casino opens in Cyprus
Europe's largest casino opens in Cyprus
Business and Economy
by  AFP

The largest casino resort in Europe opened on the east Mediterranean island of Cyprus on Tuesday, with the authorities hoping it will attract an extra high-spending 300,000 tourists annually. "This resort is the largest of its kind in Europe," he said.