economic

International Dance Day takes place every year on April 29, the anniversary of the birth of Jean-Georges Noverre, the creator of modern ballet

Russia will not immediately raise oil output after the United States ended sanctions waivers for buyers of Iranian crude in May, President Vladimir Putin said on Saturday.

Two Trump administration officials said neither a wind-down period nor a short-term waiver on China’s oil purchases from Iran are being contemplated after Washington surprised Iran’s customers on Monday by demanding they halt the purchases by May 1 or face sanctions.

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati put forward a number of suggestions to deal with any cut in the export of oil, although he described as “illusory” the US plot to drive Iran’s crude sales down to zero.

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said the US’ attempts to block the export of Iranian oil will get nowhere as Tehran will be exporting any amount of crude it needs and wants.

Boeing has said it still does not know how the crisis over the safety of its 737 Max 8 jets will affect its profits.

Bilateral trade turnover amounted only to $34 mln last year, the Russian presidential aide said

Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country.

An Iranian lawmaker said the experience of bypassing sanctions have enabled Tehran to keep selling oil in the current Iranian year without any trouble.

A series of deadly attacks could deal a body blow to one of Asia's fragile economies.