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Clara Portela

Clara Portela latest

Over 10,000 banks around the globe rely on SWIFT's services. (Swift HQ Belgium, AFP)
September 11th, 2018 - 01:02 GMT

As Europe and the U.S. Diverge on Iran, the SWIFT Financial Network is Stuck in the Middle

If Trump succeeds in coercing a small financial transaction company to expel Iranian banks from its network, it could be a decisive blow to the Islamic Republic's power. Europe's blocking measures are going to get in the way, but it's not clear that they aren't hurting the very companies they're meant to be protecting. But ultimately, Washington's overreach with sanctions could come back to haunt it.
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A teller holds Turkish lira banknotes at a currency exchange office in Istanbul. Photograph: Yasin Akgul/AFP/Getty Images
August 16th, 2018 - 11:30 GMT

Turkey, China and Iran Look to a Future Without the Dollar. Is it Possible?

Europe only has bad options. But the two signatories to the JCPOA that Trump has had the most reservations about, Russia and China, are a different story. /AFP
May 14th, 2018 - 01:21 GMT

This is 'Winning'? Ending the Iran Deal is Alienating European Allies & Strengthening the Yuan

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