Spanish Prime Minister Discusses Gaza, Ukraine and Trade During Meeting with Xi in China 

Spain's Prime Minister Pedro Sánchez speaks at the inauguration of the Spain-China Business Meeting at the Shangri-La Pudong Hotel in Shanghai, China, 10 September 2024. (EPA)
Spain's Prime Minister Pedro Sánchez speaks at the inauguration of the Spain-China Business Meeting at the Shangri-La Pudong Hotel in Shanghai, China, 10 September 2024. (EPA)
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Spanish Prime Minister Discusses Gaza, Ukraine and Trade During Meeting with Xi in China 

Spain's Prime Minister Pedro Sánchez speaks at the inauguration of the Spain-China Business Meeting at the Shangri-La Pudong Hotel in Shanghai, China, 10 September 2024. (EPA)
Spain's Prime Minister Pedro Sánchez speaks at the inauguration of the Spain-China Business Meeting at the Shangri-La Pudong Hotel in Shanghai, China, 10 September 2024. (EPA)

Spanish Prime Minister Pedro Sánchez discussed the conflicts in Ukraine and Gaza and the need for “close, deep and balanced relations” between Spain and China during a meeting with Chinese leader Xi Jinping, the Spanish government said.

The Spanish prime minister's second trip to China in less than two years “demonstrates the shared desire by both countries to maintain a regular dialogue at the highest level in their bilateral relations,” the government statement said.

Sánchez and Xi's talks on Monday at Beijing’s Diaoyutai State Guest House touched on the conflicts in Ukraine and Gaza, and the Spanish leader insisted on working toward peace with the involvement of the United Nations. China is one of five permanent, veto-holding members of the UN Security Council.

Spain is a member of NATO, which China has accused of prompting Russian President Vladimir Putin to launch his full-scale invasion of Ukraine more than two years ago.

Sánchez, who also met with his counterpart Li Qiang, said, “We want to build bridges to jointly defend a fair trade order that permits the growth of our economies and benefits our industries and citizens,” according to the government statement.

Sánchez and the Chinese officials made statements in favor of free trade and the promotion of cultural exchanges and tourism, according to Chinese state broadcaster CCTV, but did not announce any specifics in an ongoing dispute over electric vehicles.

“We hope that Spain will continue to provide a fair, equitable, safe and non-discriminatory business environment for Chinese companies to invest and do business in,” Xi said, according to CCTV.

Sanchez said, “Spain supports the principles of free trade and open markets and does not support a trade war,” according to CCTV.

Trade is one of the thorniest issues between China and Spain. Spain was among the EU members that expressed support earlier this year for a 36.7% tariff on Chinese electric vehicles. The Chinese government responded by launching an investigation into imports of EU pork.

The tension has not stopped Spain from welcoming the plans of Chinese carmaker Chery to open a plant for electric vehicles in Barcelona.

The center-left Spanish Socialist leader also attended a business forum in Beijing for Spanish and Chinese companies before traveling to Shanghai. On Tuesday he will attend more business events and the inauguration of a Cervantes Institute, a center that promotes Spanish language and culture.

Sánchez also held talks with the head of the ceremonial legislature, Zhao Leji. Sánchez visited China in March 2023 when Spain held the rotating European Union presidency.



US-Iran Talks End with No Deal but Potential Signs of Progress

Omani Foreign Minister Badr Albusaidi meets with US Special Envoy Steve Witkoff and US President Donald Trump's son-in-law Jared Kushner, in Geneva, Switzerland, February 26, 2026. Oman News Agency/Handout via REUTERS
Omani Foreign Minister Badr Albusaidi meets with US Special Envoy Steve Witkoff and US President Donald Trump's son-in-law Jared Kushner, in Geneva, Switzerland, February 26, 2026. Oman News Agency/Handout via REUTERS
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US-Iran Talks End with No Deal but Potential Signs of Progress

Omani Foreign Minister Badr Albusaidi meets with US Special Envoy Steve Witkoff and US President Donald Trump's son-in-law Jared Kushner, in Geneva, Switzerland, February 26, 2026. Oman News Agency/Handout via REUTERS
Omani Foreign Minister Badr Albusaidi meets with US Special Envoy Steve Witkoff and US President Donald Trump's son-in-law Jared Kushner, in Geneva, Switzerland, February 26, 2026. Oman News Agency/Handout via REUTERS

The United States and Iran made progress in talks over Tehran's nuclear program on Thursday, mediator Oman said, but hours of negotiation ended with no sign of a breakthrough that could avert potential US strikes amid a massive military buildup.

The two sides plan to resume negotiations soon after consultations in their countries' capitals, with technical-level discussions scheduled to take place next week in Vienna, Omani Foreign Minister Sayyid Badr Albusaidi said in a post on X after the day's meetings in Switzerland.

Badr Albusaidi will hold talks with US Vice President JD Vance and other US officials in Washington on Friday, MS NOW reported late on Thursday. Neither the White House nor Oman's embassy in Washington immediately responded to requests for comment, Reuters said.

Any substantial move toward an elusive agreement between longtime foes Washington and Tehran could reduce the imminent prospects for US President Donald Trump to carry out a threatened attack on Iran that many fear could escalate into a wider war.

But Tuesday's indirect talks wrapped up without a deal, still leaving the region on edge.

The Omani minister's upbeat assessment followed indirect talks between Iranian Foreign Minister Abbas Araghchi and US envoys Steve Witkoff and Jared Kushner in Geneva, with ‌one session in the ‌morning and the second in the afternoon. "We have finished the day after significant progress in the negotiation between ‌the United ⁠States and Iran," ⁠Badr Albusaidi said.

But with many analysts seeing the latest diplomacy as the last chance before Trump could decide to go to war, Badr Albusaidi provided no details and stopped short of saying the two sides had overcome their biggest stumbling blocks to a deal.

Describing the talks as some of the most serious that Iran has had with the US, Araghchi told Iranian state television: "We reached agreement on some issues, and there are differences regarding some other issues."

“It was decided that the next round of negotiations will take place soon, in less than a week," he said. The Iranians, he added, had clearly expressed their demand for lifting of US sanctions, which Washington has long insisted will only come after deep concessions from Tehran.

There was no immediate comment from the US negotiating team on the outcome of the talks. But Axios quoted a senior US official as ⁠saying the Geneva negotiations were “positive.”

The discussions about the decades-long dispute over Iran's nuclear work come as fears grow of ‌a Middle East conflagration. Trump has repeatedly threatened action if there is no deal, and the US military ‌has amassed its forces in waters near the Iranian Republic.

'INTENSE AND SERIOUS' TALKS

A senior Iranian official told Reuters earlier on Thursday that the US and Iran could reach a ‌framework for a deal if Washington separated "nuclear and non-nuclear issues."

The Trump administration has insisted that Iran's ballistic missile program and its support for armed groups in ‌the region must be part of the negotiations.

After the morning session, Badr Albusaidi said the two sides had exchanged "creative and positive ideas".

But a senior Iranian official said at the time that some gaps still had to be narrowed.

Washington, which believes Tehran seeks the ability to build a nuclear bomb, wants Iran to give up all uranium enrichment, a process that makes fuel for atomic power plants but that can also yield material for a warhead.

Iran has long denied wanting a bomb and said earlier on Thursday it would show flexibility at ‌the talks. Reuters reported on Sunday that Tehran was offering undefined new concessions in return for removal of sanctions and recognition of its right to enrich uranium.

US Secretary of State Marco Rubio said on Wednesday that Iran's refusal ⁠to discuss its ballistic missile program was ⁠a "big problem" which would have to be addressed eventually.

The missiles were "designed solely to strike America" and pose a threat to regional stability, he said, but offered no proof to back the claim that US territory could be targeted.

TRUMP THREATENS 'REALLY BAD THINGS'

Trump said on February 19 that Iran must make a deal in 10 to 15 days, warning that "really bad things" would otherwise happen.

He briefly laid out his case for a possible attack on Iran in his State of the Union speech on Tuesday, underlining that while he preferred a diplomatic solution, he would not allow Tehran to obtain a nuclear weapon.

In June, the US joined Israel in hitting Iranian nuclear sites and has been ramping up the pressure on Tehran again since January, when Trump threatened to intervene over its crushing of nationwide protests with thousands killed.

Since then, Trump has deployed fighter jets and aircraft carrier strike groups in the region.

Iran responded to last summer's strikes by firing fusillades of missiles at Israel and has threatened to retaliate fiercely if attacked again, raising fears of a wider regional conflict.

Within Iran, Supreme Leader Ali Khamenei faces the gravest crisis of his 36-year tenure, with an economy buckling under tightened sanctions and renewed protests following the major unrest and crackdown in January.

President Masoud Pezeshkian said on Thursday that Khamenei has banned weapons of mass destruction, which "clearly means Tehran won't develop nuclear weapons," reiterating a religious decree issued in the early 2000s.


World Economic Forum Head Steps Down Over Epstein Links

FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
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World Economic Forum Head Steps Down Over Epstein Links

FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa
FILED - 21 January 2025, Switzerland, Davos: World Economic Forum president and CEO Borge Brende speaks during the Uncertain Times session at the World Economic Forum Annual Meeting. Photo: Faruk Pinjo/World Economic Forum/dpa

World Economic Forum head Børge Brende said Thursday that he is stepping down after facing pressure over his contacts with the late US sex offender Jeffrey Epstein.

Brende, a former Norwegian foreign minister, said in a statement that he had decided “after careful consideration” to step down as president and chief executive of the forum, known for its annual January summit in the Swiss Alpine resort of Davos.

“I am grateful for the incredible collaboration with my colleagues, partners, and constituents, and I believe now is the right moment for the Forum to continue its important work without distractions,” Brende said in a statement released by the WEF.

The US Justice Department has released more than 3 million pages of documents relating to Epstein, who died by suicide in jail in 2019 while awaiting trial on sex-trafficking charges.

Brende was Norway’s foreign minister from 2013-2017 and is one of several prominent Norwegians who have faced scrutiny following the latest release of Epstein files.

He didn't refer directly to that controversy in Thursday's statement, but the WEF announced earlier this month that it was opening an internal review into Brende to determine his relationship with Epstein after files indicated the two had dined together several times and exchanged messages.

Brende told Norwegian broadcaster NRK at the time that he was cooperating with the investigation, that he only met Epstein in business settings and that he had been unaware of Epstein’s criminal background.

WEF co-chairs André Hoffmann and Larry Fink said in a statement that “the independent review conducted by outside counsel has concluded. The findings stated that there were no additional concerns beyond what has been previously disclosed.”

They said that Alois Zwinggi will serve as the forum's interim president and CEO, and the forum's Board of Trustees would oversee the leadership transition, including a plan to identify a permanent successor.

Brende's resignation follows the departure last year of the WEF's founder and longstanding chair Klaus Schwab after he came under pressure from a whistleblower alleging misconduct.

The WEF subsequently said an internal investigation had found no evidence of material wrongdoing by Schwab.


US Moves to Cut Off Swiss Bank from Financial System over Alleged Iran, Russia Links

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023.  REUTERS/Kevin Lamarque/File Photo
FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. REUTERS/Kevin Lamarque/File Photo
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US Moves to Cut Off Swiss Bank from Financial System over Alleged Iran, Russia Links

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023.  REUTERS/Kevin Lamarque/File Photo
FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. REUTERS/Kevin Lamarque/File Photo

The US Treasury Department proposed a rule on Thursday that, if finalized, would sever MBaer Merchant Bank AG's access to the US financial system on the grounds the Swiss bank had supported illicit actors linked to Iran and Russia.

The Treasury alleged MBaer and its employees had facilitated corruption linked to Venezuelan and Russian money laundering as well as money laundering and terrorist ⁠financing on behalf ⁠of Iran's Revolutionary Guard Corps and its Quds Force, which are under sanctions from the US.

"MBaer has funneled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and ⁠Russia," Reuters quoted Treasury Secretary Scott Bessent as saying in a statement. "Banks should be on notice that the US Treasury will aggressively protect the integrity of the US financial system using the full force of our authorities."

The Treasury said that if finalized, the proposed rule would prohibit covered US financial institutions from opening or maintaining a correspondent account for, or on behalf of, MBaer. The Treasury's Financial ⁠Crimes ⁠Enforcement Network anti-money laundering bureau published a notice of proposed rulemaking that invites written comments for 30 days on the plan to cut off the small Swiss private bank from the US dollar-based financial system.

FinCEN said in the notice that for years, MBaer "has directly or indirectly facilitated money laundering for or on behalf of illicit actors, including through processing transactions related to Venezuelan corruption and Russian and Iranian illicit activities."