Friday, January 31, 2025

Italy PM Conte Gives Green Light to Contested TAP Gas Pipeline

From Reuters Prime Minister Giuseppe Conte on Friday gave Italy’s final approval to the Trans Adriatic Pipeline (TAP), a gas transport project which had been strongly contested by the 5-Star Movement, one of the two parties in the ruling coalition. “It’s no longer possible to intervene in this project, which was planned by previous governments and carries contractual constraints,” Conte

Iran

Iran Starts Oil sales to Private Exporters to Beat U.S. Sanctions

From Reuters Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to stop the country’s key crude exports, the oil ministry’s news website SHANA reported. Crude oil trade is state-controlled in Iran. Earlier, private refining companies could only buy crude

China – Growth Steady as She Goes: Goldman Sachs

Broad support, targeted tightening and effective capital controls will help manage trade headwinds From Asia Times Goldman Sachs Asia-Pacific economist Andrew Tilton sees only a modest decline in China’s economic growth during the next year. “Chinese policy combines broad support and targeted tightening to address [the] highest-profile risks,” Tilton wrote in a recent client presentation. Monetary policy is “continuing to