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Global Markets: UN court orders U.S. to ease up on Iran sanctions

By Commodity News Service
Oct. 3 (CNS Canada) – The following is a glance at the news
moving markets in Canada and globally.
The United Nations’ highest court has ordered the United
States to lift sanctions on Iran that affect humanitarian goods
and services, as well as aviation safety. The International
Court of Justice ruling is legally binding, but the
administration of U.S. President Donald Trump has yet to
respond. Trump imposed tough sanctions earlier this year after
pulling out of a nuclear agreement struck between Iran and the

world’s major powers.
A clause in the new U.S., Mexico and Canada trade agreement
may prevent Canada, or any member of the trade pact, from
striking free trade agreements with “non-market” countries. The
provision says if one of the current partners enters a free
trade deal with a so-called non-market country, such as China,
the others can quit with six months’ notice.
New York state tax officials have started an investigation
into reports carried in the New York Times that U.S. President
Donald Trump and the Trump family built their fortune on evading
hundreds of millions of dollars in taxes, sometimes through
fraud. “The Tax Department is reviewing the allegations in the
New York Times article and is vigorously pursuing all
appropriate avenues of investigation,” James Gazzale,
spokesperson for the taxation department told media. Trump’s
lawyer has denied the allegations.

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