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Financial and Banking News

Financial Flows

Iran Ordered to Pa y Three French Companies $700mn in NuclearDispute

The International Arbitration Court in Lausanne has ordered Iran to payFF4.06bn ($716mn) to three French companies in compensation for a nuclear powerstation order which was canceled after the Iranian revolution in 1979. The threeare Framatome, Spie-Batignolles and GEC Alstrom. A Framatome official, whoannounced the ruling, said that the distribution of the...