The rebound in world oil prices since the first quarter of 2016 has been positive for Russia as well as countries that rely on it for remittances and export demand, the European Bank for Reconstruction saidEurope's development bank predicted Wednesday a pick-up in economic growth this year in most of the regions where it operates as rebounding oil prices boost Russia and other commodity exporters.
Iran and major powers strive to finally nail down an elusive nuclear accord ahead of a Monday deadline, with China calling for "no more delays" in the marathon talks. Raising hopes of an imminent breakthrough, Iran said that President Hassan Rouhani would address the nation on state television at 1730 GMT.
Iran and major powers scrambled to finally nail down an elusive nuclear accord ahead of a Monday deadline, with China calling for "no more delays" in the marathon talks. After more than two weeks of intense political haggling in Vienna aimed at ensuring Iran does not get a nuclear bomb, diplomats said an agreement was tantalisingly close.