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WASHINGTON, June 7 (Xinhua) -- U.S. Treasury announced on Friday that it has imposed sanctions on Iran's petrochemical industry, including its largest petrochemical holding group, accusing them of supporting Iran's Islamic Revolutionary Guard Corps (IRGC) financially.

The new sanctions blacklisted Persian Gulf Petrochemical Industries Company (PGPIC) and its big network of 39 subsidiary petrochemical companies and foreign-based sales agents, said the Treasury in a statement.

ST.PETERSBURG, June 7. /TASS/: Russian President Vladimir Putin believes that the current model of world economic relations is in crisis, although the global economy has been growing in recent years.

TIJUANA, Mexico (AP) — Before U.S. President Donald Trump on Friday abruptly suspended the threat of tariffs against Mexico, companies were rushing cars, appliances and construction materials across the border to beat Monday’s deadline.

Mexican-made tiles were piled up on the pavement next to a warehouse in New Mexico. A furniture factory and a jalapeno exporter fretted about a huge financial hit next week. And hundreds of semi-trailers carrying medical devices, televisions and Toyota pickups idled in line Friday at the truck crossing in Tijuana.

FUKUOKA, Japan (AP) — The Latest on the meeting of financial leaders of the Group of 20 major economies (all times local):

1:50 p.m.

U.S. Treasury Secretary Steven Mnuchin says he plans to speak one-on-one with China’s central bank governor about trade.

Mnuchin said Saturday that he would hold routine talks on various issues and then meet privately with Yi Gang, chairman of the People’s Bank of China.

LONDON (AP) — Facebook said Friday it has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions, a move that deals a fresh blow to the Chinese tech giant.

The social network said it has suspended providing software for Huawei to put on its devices while it reviews recently introduced U.S. sanctions.

Owners of existing Huawei smartphones that already have Facebook apps can continue to use them and download updates.

Wall Street turned the page on a painful May in the stock market by notching its best week since late November.

Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade wars with China and Mexico.

The latest rally came as investors welcomed a report showing that the U.S. added fewer jobs than expected last month. The lackluster snapshot of hiring appeared to increase the odds that the Federal Reserve will have to cut interest rates in coming months.

NEW YORK (AP) — Uber is parting ways with two of its top executives less than a month after the company’s rocky stock market debut.

CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed. He said the heads of the company’s global rides and food-delivery teams will report directly to him, and Chief Operating Officer Barney Harford will leave the company.

NEW YORK (AP) — You’ve heard about the International Space Station for years. Want to visit?

NASA announced Friday that the orbiting outpost is now open for business to private citizens, with the first visit expected to be as early as next year.

There is a catch, though: You’ll need to raise your own cash, and it won’t be cheap.

A round-trip ticket likely will cost an estimated $58 million. And accommodations will run about $35,000 per night, for trips of up to 30 days long, said NASA’s chief financial officer Jeff DeWit.

WASHINGTON (AP) — Even with President Donald Trump backing off his threat to slap tariffs on goods from Mexico, his transformation of Republican Party trade policy is nearly complete.

Republican lawmakers usually don’t like tariffs. They’re viewed as a tax on consumers and unwanted government intervention in free trade. But many Republicans, unwilling to buck Trump, were prepared to follow the president’s lead and support 5% tariffs on Mexico in his dispute over illegal immigration .

FUKUOKA, Japan (AP) — Finance chiefs of the Group of 20 major economies meeting in the Japanese city of Fukuoka debated Saturday over how to revise tax systems to ensure big companies pay their fair share and support economies as global growth slows.

One aim is to prevent a “race to the bottom” by countries trying to lure companies by offering unsustainably and unfairly low tax rates as an incentive.