TEHRAN, Iran — Iran has begun uranium enrichment at a new underground site well protected from possible airstrikes, a leading hardline newspaper reported Sunday in another show of defiance against Western pressure to rein in Tehran’s nuclear program. Another newspaper quoted a senior commander of the powerful Revolutionary Guard force as saying Tehran’s leadership has decided to order the closure of the Strait of Hormuz, a strategic oil route, if the country’s petroleum exports are blocked. Revolutionary Guard ground forces also staged war games in eastern Iran in an apparent display of resolve against U.S. forces just over the border in Afghanistan. Read full article > >

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Report: Iran begins uranium enrichment at new site as Guard threatens key strait closure

BEIJING – A top Chinese government economist confirmed Thursday what a slew of recent economic data had already shown — that China’s long-booming economy has slowed dramatically, and the era of double-digit growth is now officially a thing of the past. “We believe China is nearing the end of the period of high economic growth,” said Yu Bin, director general of macroeconomic research for the ruling State Council’s research center. “What we need is moderate and reasonable economic growth.” Read full article > >

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China’s boom ends as investment, exports, manufacturing fall

The UK’s trade deficit narrowed in October, as the value of exports hits a record high, official figures show.

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UK exports hit a record £26.5bn

China warns of “severe challenges” to its exports due to falling demand in the US and Europe and will target developing markets.

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China warns over exports slowdown

Delhi welcomes Australia’s governing Labor party’s decision to overturn its long-standing ban on exporting uranium to India.

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India welcomes uranium ban lift

If West bans exports.

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Iran Threatens Spike in Oil Prices

Scotch whisky exports soar over the first nine months of this year, with the valuation of shipments rising by 23%.

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Scotch whisky exports up by 23%

United States policy makers are warning that continued financial tumult in Europe could hurt exports and further erode American consumer confidence.

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European Turmoil Could Slow U.S. Recovery

TOKYO — With Japan’s ruling party still divided over a controversial regional free trade deal, Prime Minister Yoshihiko Noda on Thursday delayed his decision on whether Japan should commit to the pact. Noda will wait until Friday to announce Japan’s intentions. Joining the U.S.-backed Asia-Pacific free trade agreement could transform the world’s third-largest economy, slashing tariffs, allowing for cheaper imports and giving new opportunities for struggling exporters. But new foreign competition could also cripple the agriculture industry, whose many advocates — including those in Noda’s party — say the deal will threaten rural areas. Read full article > >

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Japan PM Noda delays decision on trade pact

TOKYO — In an upscale neighborhood where Japanese buy their handbags and smartphones, furious farmers drove their tractors down the main road last week in their latest protest against a controversial, regionwide free-trade pact. The stunt was an illustration of the way the country’s agricultural forces are pushing up against modern glitz. As Japan nears a self-imposed deadline to decide whether to participate in the U.S.-backed Trans-Pacific Partnership, it must first resolve a clash between farmers who think the pact will ruin them and exporters who want to reach new markets with lower tariffs. Read full article > >

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In Japan, possible free trade deal comes with an argument

Radio frequency modules manufactured in the United States ended up in the detonation systems of roadside bombs targeting coalition forces in Iraq, according to the Justice Department, which Tuesday unsealed an indictment describing the illegal export of the devices to Iran . The department said it is seeking the extradition of four individuals who were arrested Monday in Singapore. The department said the four men, all citizens of Singapore, falsely told the U.S. firm, which is based in Minnesota, that the modules were for a telecommunications project in Singapore. Read full article > >

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U.S. modules triggered IEDs in Iraq, officials say

The crisis has roots in imbalances between north and south, rich and poor, export- and service-led economies.

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Memo From Europe: Euro, Meant to Unite Europe, Seems to Be Dividing It

The UK’s trade deficit narrowed in August as the value of goods exported hit a record high, official figures show.

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Record exports cut trade deficit

The political intrigues in Brussels and Berlin over Europe’s debt crisis are as foreign to most Americans as the languages spoken there. U.S. exports to Europe don’t even amount to a fiftieth of what Americans produce. And American banks have at best a modest toehold in the European countries facing possible default. Read full article > >

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U.S. economic recovery tied to European debt crisis

As manufacturing and exports decrease.

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Chinese Economy Slows