British court rules against Iran in tank payment dispute

British court rules against Iran in tank payment dispute
The case revolves a payment of £650 million made by Iran in the 1970s to buy 1,500 Chieftain tanks from Britain and repair 250 more. (File/Shutterstock)
Updated 26 July 2019

British court rules against Iran in tank payment dispute

British court rules against Iran in tank payment dispute
  • The deal was blocked after the 1979 Iranian Revolution deposed the Western-backed Shah
  • A judge with the UK High Court ruled on Wednesday that Britain did not owe Iran interest payments of more than £20 million that had accumulated on the sum over 10 years

LONDON: A UK court has ruled in London's favour in a long-standing financial dispute with Iran that has wider political ramifications for Britain's increasingly strained relationship with the country.
The case revolves a payment of £650 million made by Iran in the 1970s to buy 1,500 Chieftain tanks from Britain and repair 250 more.
The deal was blocked after the 1979 Iranian Revolution deposed the Western-backed Shah.
Britain kept the paid portion of the contract.
Just under £400 million ($500 million, 450 million euros) are now being kept in a frozen British bank account.
Sending the money to Tehran is further complicated by EU and US sanctions linked to Iran's nuclear programme.
A judge with the UK High Court ruled on Wednesday that Britain did not owe Iran interest payments of more than £20 million that had accumulated on the sum over 10 years.
Justice Stephen Phillips cited a precedent case that found claims made by any "Iranian person, entity or body, including the Iranian government" were invalid in commercial disputes because of the Western sanctions.
The Iranian claim was made jointly by its defence ministry and armed forces.
New UK Prime Minister Boris Johnson said while he was still foreign minister in 2018 that making the payment could help pave the way for the released from a Tehran jail of British-Iranian national Nazanin Zaghari-Ratcliffe.
The 41-year-old's 2016 arrest and conviction on sedition charges she has protested with a series of hunger strikes has further complicated London's historically difficult ties with Tehran.
These were inflamed further by Iran's detention of a British-flagged tanker on July 19 in the Strait of Hormuz.
The seizure came in apparent retaliation for the UK authorities' arrest of an Iranian tanker off Gibraltar on July 4 on suspicion it was shipping oil to Syria in apparent breach of EU sanctions.
Iran has not publicly commented on Wednesday's court ruling.


COVID-19 curbs to end in Australian’s Victoria state, continue in Sydney

COVID-19 curbs to end in Australian’s Victoria state, continue in Sydney
Updated 38 min 18 sec ago

COVID-19 curbs to end in Australian’s Victoria state, continue in Sydney

COVID-19 curbs to end in Australian’s Victoria state, continue in Sydney
  • Victoria’s 5 million residents will be allowed to leave home freely and schools will reopen
  • Highly infectious Delta variant took hold in the New South Wales capital of Sydney

CANBERRA/SYDNEY: Australia’s Victoria state said on Tuesday it will end lockdown after curtailing the spread of COVID-19, but neighboring New South Wales faced a four-week extension of restrictions according to media reports after new cases hit a 16-month peak.
More than half of Australia’s near 26 million population has been in lockdown in recent weeks after an outbreak of the highly infectious Delta variant took hold in the New South Wales capital of Sydney and spread to three states.
New South Wales reported 172 COVID-19 cases in the past 24 hours, up from 145 a day earlier, with at least 60 spending time in the community while infectious.
New South Wales Premier Gladys Berejiklian said a decision whether to lift the five-week lockdown will be taken this week, and local media later reported the state would announce a four-week extension of the order on Wednesday. With less than 13 percent of the state’s population fully vaccinated, curbs are expected to stay.
“We know we’ve put in the hard yards for five weeks and we don’t want to waste all the good work that we’ve done by opening too early and then having the virus spread again,” Berejiklian told a media conference.
A spokesperson was not immediately available to confirm the media reports about the planned lockdown extension.
In contrast, Victoria state said most restrictions imposed on July 15 will be removed from Wednesday after recording just 10 infections of people already in quarantine.
“All in all, this is a good day,” Victoria state Premier Daniel Andrews told reporters in Melbourne.
Victoria’s 5 million residents will be allowed to leave home freely and schools will reopen, though households will not be permitted to have visitors.
South Australia said it will also lift a lockdown on Wednesday after it recorded zero COVID-19 cases in the past 24 hours.
Lockdowns have raised the prospect of Australia recording its second recession in as many years, though Treasurer Josh Frydenberg said on Tuesday talk of this was premature.
Frydenberg said last week the country’s A$2 trillion ($1.5 trillion) economy is expected to shrink in the latest GDP figures, with lockdowns costing about A$300 million daily.
Easing lockdowns will soften the economic toll, but New South Wales is Australia’s biggest state economy and accounts for about a third of national output.
Swift contact tracing, tough social distancing rules and lockdowns have helped Australia to keep its COVID-19 numbers low, with just under 33,100 cases and 920 deaths since the pandemic first appeared in early 2020.
The outbreak in Sydney, however, has seen a wave of hospitalizations and 10 deaths in recent weeks.
New South Wales said 169 people are in hospital with the virus, of which 46 are in intensive care.
Amid heightened concerns about hospitalizations of younger people, Australia has urged people to take AstraZeneca’s COVID-19 vaccine after struggling to secure enough supplies of Pfizer’s inoculations.
Authorities had previously recommended only over 60s should take the AstraZeneca shot after rare but serious blood clotting cases.


Olympic host Tokyo hits record 2,848 COVID-19 cases

Olympic host Tokyo hits record 2,848 COVID-19 cases
Updated 27 July 2021

Olympic host Tokyo hits record 2,848 COVID-19 cases

Olympic host Tokyo hits record 2,848 COVID-19 cases
  • The rise in cases threatens to further erode support for Prime Minister Yoshihide Suga
  • It also spells trouble for the Olympics, as many Japanese fear the influx of athletes and officials for the event could add to the surge
TOKYO: Tokyo’s 2,848 COVID-19 infections on Tuesday were the Olympic host city’s highest since the pandemic began, officials said, as media reported that authorities had asked hospitals to prepare more beds for patients as the Delta variant drives the surge.
The rise in cases threatens to further erode support for Prime Minister Yoshihide Suga, whose ratings have slid to their lowest level since he took office last September, in large part because of his haphazard handling of the pandemic.
It also spells trouble for the Olympics, as many Japanese fear the influx of athletes and officials for the event could add to the surge. About 31 percent in a survey by the Nikkei daily on Monday said the Games should be canceled or postponed again.
“It’s the Delta variant,” said Kenji Shibuya, a former director of the Institute for Population Health at King’s College London, explaining the swift recent surge.
Shibuya added it was impossible to quantify to what extent the Olympics contributed to the surge but blamed the global sports showpiece as “one of the major driving forces.”
“The government has sent signals that people are supposed to stay home at the same time they celebrate the Games. It’s a totally inconsistent message,” said Shibuya, who is now running the vaccine roll-out in a town in northern Japan.
Japan has avoided the devastating outbreaks suffered by other nations such as India, Indonesia and the United States, but the fifth wave of the pandemic fueled by the Delta variant is piling pressure on Tokyo’s hospitals.
By Sunday, only 20.8 percent of the Japanese capital’s 12,635 COVID-19 patients had been able to obtain hospital treatment, government data showed. A government advisory panel says that if the ratio falls below the threshold of 25 percent, a state of emergency should be triggered.
In anticipation of the surge and considering the tough hospital situation, Tokyo has already declared a fourth state of emergency this month to run until after the Olympics.
In a last-minute change of heart, Japan also made the unprecedented decision to hold the Games, postponed from last year by the pandemic, without spectators to stem the spread of the virus.
As hospitals admit more patients, the city aims to boost the number of beds to 6,406 by early next month from 5,967 now, broadcaster TBS said.
Hospitals should look at pushing back planned surgery and scaling down other treatments, the broadcaster said, citing a notice to medical institutions from city authorities.
Health experts had warned that seasonal factors, increased mobility, and the spread of variants would lead to a rebound in COVID-19 cases this summer.
While vaccinations boost protection for the oldest citizens most likely to need emergency care, just 36 percent of the population has received at least one dose, a Reuters vaccination tracker shows.
The inoculation push has recently ebbed amid logistical snags after having picked up steam last month from a sluggish start.
Voter support for Suga slid nine points to 34 percent, its lowest since he took office last September, a July 23-25 Nikkei business daily survey showed on Monday.
Nearly two-thirds of respondents said the country’s rollout of coronavirus vaccinations was not going well.
Suga’s term as ruling Liberal Democratic Party (LDP) president expires in September and his LDP-led coalition faces an election for parliament’s powerful lower house, which must be held by November.
About a third in the Nikkei survey wanted the Games postponed again or canceled, while more than half said Japan’s border steps for incoming Olympics athletes and officials were “inappropriate.”
Despite tight quarantine rules for the Games, 155 cases have emerged involving athletes and others.
A strict “playbook” of rules to avoid contagion requires frequent virus testing, restricted movement and masks worn in most situations.

Five people missing after explosion rocks German chemicals site

Five people missing after explosion rocks German chemicals site
Updated 47 min 8 sec ago

Five people missing after explosion rocks German chemicals site

Five people missing after explosion rocks German chemicals site
  • Police in nearby Cologne said they did not have any information on the cause or size of the explosion

BERLIN:  Five people were missing and several injured after an explosion rocked an industrial park in the western German city of Leverkusen on Tuesday, sending up plumes of smoke and prompting police to ask nearby residents to remain in their homes.
The explosion happened at 9.40 a.m. local time (0740 GMT), causing a fire at a fuel depot at Chempark, an industrial park for chemicals companies including Bayer and Lanxess , Chempark operator Currenta said.
Several staff were hurt, with at least two seriously injured, and five people were missing, Currenta said, adding it was not yet clear what caused the explosion and the subsequent fire.
Sirens and emergency alerts on the German civil protection agency's mobile phone app warned citizens of "extreme danger".
Police asked nearby residents to remain indoors and keep doors and windows closed. Currenta said they should also turn off air conditioning systems while it measured the air around the site for possible toxic gas.
Several nearby motorways were closed, and police said drivers should take detours to avoid the area.
More than 30 companies operate at the Chempark site in Leverkusen, including Covestro, Bayer, Lanxess and Arlanxeo, according to its website.
Bayer and Lanxess in 2019 sold Chempark operator Currenta to Macquarie Infrastructure and Real Assets for an enterprise value of 3.5 billion euros ($4.12 billion).


US Defense Secretary says committed to stable, constructive relationship with China

US Defense Secretary says committed to stable, constructive relationship with China
Updated 27 July 2021

US Defense Secretary says committed to stable, constructive relationship with China

US Defense Secretary says committed to stable, constructive relationship with China
  • A top Chinese diplomat took a confrontational tone on Monday in rare high-level talks with the United States

SINGAPORE: US Defense Secretary Lloyd Austin said on Tuesday he was committed to having a constructive relationship with China and working on common challenges as he laid out his vision for ties with Beijing, which have sunk to their lowest point in decades.
The United States has put countering China at the heart of its national security policy for years and President Joe Biden’s administration has called rivalry with Beijing “the biggest geopolitical test” of this century.
While Austin’s speech in Singapore will touch on the usual list of behavior Washington describes as destabilizing, from Taiwan to the South China Sea, his comments about seeking a stable relationship could provide an opening for the two countries to start to reduce tension.
“We will not flinch when our interests are threatened. Yet we do not seek confrontation,” Austin said, according to excerpts of his speech.
“I am committed to pursuing a constructive, stable relationship with China, including stronger crisis communications with the People’s Liberation Army.”
Austin has been unable to speak with any senior Chinese official despite repeated attempts since starting as defense secretary in January.
Even with the tension and heated rhetoric, US military officials have long sought to keep open lines of communication with their Chinese counterparts, to be able to mitigate potential flare-ups or tackle any accidents.
A top Chinese diplomat took a confrontational tone on Monday in rare high-level talks with the United States, accusing it of creating an “imaginary enemy” to divert attention from domestic problems and suppress China.
Deputy Secretary of State Wendy Sherman, the second-ranked US diplomat, had arrived on Sunday for the face-to-face meetings in China’s northern city of Tianjin.
“Big powers need to model transparency and communication,” Austin said.
Austin’s speech, which was postponed by a month because of Singapore’s COVID-19 outbreak, is being closely watched by regional nations concerned about China’s increasingly assertive behavior but heavily reliant on access to its large markets.
He is set to visit Vietnam and the Philippines later this week to emphasize the importance of alliances.


NATO chief urges ‘negotiated settlement’ in Afghanistan

NATO chief urges ‘negotiated settlement’ in Afghanistan
Updated 27 July 2021

NATO chief urges ‘negotiated settlement’ in Afghanistan

NATO chief urges ‘negotiated settlement’ in Afghanistan
  • Country faces a ‘deeply challenging’ security situation as foreign troops leave

BRUSSELS: NATO chief Jens Stoltenberg on Tuesday reiterated calls for a “negotiated settlement” with the Taliban in Afghanistan, admitting the country faced a “deeply challenging” security situation as foreign troops leave.
“The security situation in Afghanistan remains deeply challenging, and requires a negotiated settlement. NATO will continue to support Afghanistan, including with funding; civilian presence; and out-of-country training,” Stoltenberg wrote on Twitter after speaking to Afghan President Ashraf Ghani.