News Headlines - 12 January 2018

Headlines

▽Iran deal: Trump issues warning but continues to honor deal - CNNPolitics

President Donald Trump on Friday avoided upending the nuclear deal with Iran that he has repeatedly disparaged, agreeing to waive key sanctions the US lifted as part of the deal.
But Trump warned Friday in a statement that the waiver -- which must be issued every 120 days to keep the sanctions from kicking back in -- will be the last he issues and he delivered a stark ultimatum to European allies on Friday: "Fix the deal's disastrous flaws, or the United States will withdraw."

▽Donald Trump cancels February visit to UK - BBC News

The US president tweeted he was not a "big fan" of the new embassy - which is moving from Mayfair to south London.
He blamed Barack Obama's administration for a "bad deal" despite the fact the move was agreed under George W Bush.

▽Trump UK visit: who really sold the US embassy? - BBC News

The claim: The Obama administration sold the US embassy in London for "peanuts".
The verdict: President Trump is right that the sale did take place during the Obama administration. The final amount was not disclosed but estimates of its value varied between ￡300m and ￡500m. However, the decision to move was taken when George W Bush was in the White House.

▽Abe not to attend PyeongChang Olympic opening ceremony: Japanese daily : The DONG-A ILBO

Japanese Prime Minister Shinzo Abe has decided not to attend the opening ceremony for the 2018 PyeongChang Winter Olympics on February 9, right-wing Japanese daily Sankei Shimbun reported on Thursday, citing multiple Japanese government sources.

▽Alabama incentives for Toyota-Mazda factory top $700 million - CBS News

Alabama's total incentive package to Toyota and Mazda will top $700 million after local incentives are added to what the state offered to land the companies' new U.S. factory.
The Huntsville City Council on Thursday approved a $320 million local incentive package. That is in addition to $380 million announced by the state in tax abatements, investment rebates and the construction of a worker training facility.