Business

TEHRAN, July 28 (Xinhua) -- Iran will file a lawsuit with international tribunals against U.S. fresh sanctions on importing handwoven Iranian rugs, Press TV reported Saturday.

U.S. President Donald Trump "has wrongly sanctioned the art industry, which is a symbol of culture and intellectual property of the Iranian people," said Fereshteh Dastpak, head of Iran National Carpet Center.

"According to international protocols, what belongs to a nation could not be sanctioned," Dastpak noted.

BEIJING, July 29 (Xinhua) -- China's software and information technology sector posted faster growth in the first six months, official data showed.

The sector generated 2.9 trillion yuan (around 430 billion U.S. dollars) in revenue in the first half of 2018, up 14.4 percent year on year, the Ministry of Industry and Information Technology (MIIT) said in a statement.

The growth rate was slightly higher than that in the first five months and more rapid than the 13.6-percent increase a year ago.

Tehran, July 29, IRNA – US is a sanctions addict and it has imposed sanctions on an array of nations more than any other countries in the world, Iran's Foreign Minister said Sunday.

29 July 2018; AFP; President Recep Tayyip Erdogan warned the US in comments published Sunday that sanctions would not force Ankara to "step back" after Donald Trump threatened to punish Turkey if a US pastor was not freed.

"You cannot make Turkey take a step back with sanctions," Erdogan said in his first comments since relations soured after Trump threatened the measures on Thursday if Pastor Andrew Brunson was not released.

JOHANNESBURG, July 27. /TASS/. President Vladimir Putin said that Russia does not renounce the US dollar as a universal reserve currency.

"Russia does not renounce the dollar as a universal reserve currency," the Russian leader said at a press conference following the results of the BRICS summit.

"We are not going to make any drastic moves, we are not going to renounce the dollar, we are using it and will use it as far as the financial authorities of the United States do not hamper the use of the dollar in settlements," Putin said.

SANTIAGO, July 27 (NNN-XINHUA) -- Using Chinese technology, a Chilean company has succeeded in making "non-plastic" bags that quickly dissolve in cold water and won't take hundreds of years to disintegrate.

The cost-effective formula combines hydrogen, carbon and a synthetic polymer, which doesn't cause pollution to produce a grocery bag, according to the company Solubag.

JOHANNESBURG, July 27 (Xinhua) -- Chinese President Xi Jinping on Friday called on emerging market economies and developing countries to enhance cooperation in addressing common challenges.

Xi made the remarks in a speech to an outreach dialogue grouping leaders from the BRICS, the "BRICS Plus" and African countries at the 10th BRICS summit here.

The leaders discussed international development and cooperation, as well as the important cause of South-South cooperation, and reached broad consensuses.

CANBERRA, July 26 (Xinhua) -- Property prices in Australia have fallen over the past 12 months for the first time in six years, a report has revealed.

The national median property price fell one percent in the 12 months to the end of June 2018, according to a report published by property group Domain on Thursday, the first time prices have fallen in a 12-month period since June 2012.

It comes on the back of falling prices in Sydney and Melbourne, Australia's two biggest and most expensive cities.

KIGALI, July 25 (Xinhua) -- China remains a sincere partner for most of African countries, Rwandan experts told Xinhua in recent interviews.

China and Rwanda enjoy a long history of friendship and fruitful cooperation in various sectors such as business, health, education, tourism, infrastructure, said Ismael Buchanan, Dean of the School of Economics and Governance at the University of Rwanda.

Mumbai, Jul 26 (PTI); The Congress would take out a morcha against the non-disclosure of the Rafale jet purchase price by the BJP-led Central government, in Mumbai on July 30.

The forthcoming march is the part of similar protests the Congress is planning to organise across the country, senior party leaders said today.

The morcha would start from Fashion Street and conclude at Azad Maidan in south Mumbai.

The Congress has been demanding that the government disclose the purchase price of each Rafale jet during the ongoing session of Parliament.