Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition. Its decision, which has been welcomed by environmental campaigners, follows disappointing results from an exploratory well drilled 80 miles off Alaska’s north-west coast. Source: The Guardian
China has reacted with anger to the news that the United States is ready to approve a $330 million arms sale to neigboring Taiwan. Source: CNBC
The European Union said late Monday that it would establish a special payment channel to allow European and other companies to legally continue financial transactions with Iran while avoiding exposure to U.S. sanctions. Source: The Wall Street Journal
COSCO shipping lines, China’s largest state-owned international and domestic container shipping and related services company, is opening its first branch in Sarajevo on Tuesday. Source: Balkan Insight
