China's car exports top 1m for first time in June
China's monthly car exports exceeded 1 million for the first time in June 2026, driven by surging overseas sales of brands like BYD and Jaecoo, as overall trade surplus nears $1tn.
Category : Trade Export
UK to Halve Tariff-Free Steel Imports from July
The UK will halve tariff-free steel imports from 1 July, doubling tariffs to 50% on excess, to counter cheap Chinese metal and protect local industry.
EU trade deficit with China hits record €1bn a day
The EU's trade deficit with China reached €31.9bn in April, raising concerns about Europe's industrial backbone as leaders prepare to address the imbalance.
UK and Japan to Sign £18bn Investment Deal
Keir Starmer will welcome Japanese PM Sanae Takaichi to London for talks, with agreements including a £9bn offshore wind deal and Rolls-Royce nuclear collaboration, aiming to create tens of thousands of jobs.
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Trump-Linked Firm Wins $1B Pipeline Deal in Balkans
An obscure company with ties to Donald Trump is set to win contracts worth over $1 billion to build a gas pipeline in Bosnia, bypassing competitive bidding and raising concerns about corruption.
Colombia Clashes Kill 52 in Farc Dissident Cocaine Region Fight
At least 52 guerrilla fighters died in clashes between rival Farc dissident groups in Colombia's Guaviare region, a strategic cocaine production and trafficking area.
Australia Sues 3M Over PFAS in Firefighting Foam
Australia launches a record-breaking lawsuit against 3M, alleging the company concealed the dangers of PFAS 'forever chemicals' in firefighting foam, causing widespread contamination.
US Importers to Get $85B in Tariff Refunds After Ruling
US importers are set to receive $85 billion in tariff refunds after the Supreme Court ruled Trump overstepped his authority on tariffs, with $20 billion already paid.
UK Signs £3.7bn Gulf Trade Deal, No Human Rights Chapter
Keir Starmer announces a £3.7bn trade deal with six Gulf states, doubling original estimates, but faces criticism for lacking a human rights chapter amid concerns over abuses.
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Albanese and Chalmers Stand Firm on CGT Changes
PM Albanese and Treasurer Chalmers defend CGT changes despite warnings they could stifle innovation. Canva's co-founder urges careful consultation.
Spanish Brewer Damm Buys Old Speckled Hen Ale
Greene King sells Old Speckled Hen ale brands to Barcelona-based Damm, continuing a trend of British beers being acquired by overseas buyers.
Chinese Border Town Thrives on Russian Trade Amid Sanctions
Suifenhe, a Chinese border town, sees booming car exports and Russian tourism since the Ukraine war, with local businesses profiting despite Western sanctions.
UAE to Build Second Hormuz-Bypass Oil Pipeline by 2027
The UAE fast-tracks a new oil pipeline bypassing the Strait of Hormuz, doubling export capacity by 2027 to secure crude exports amid ongoing regional tensions.
Nissan in Talks With Chery Over Sunderland Plant
Nissan's CEO confirms talks with China's Chery about building cars at the Sunderland plant, as the Japanese carmaker posts steep losses and considers options for its 6,000 workers.
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Trump Donors Pause Wisconsin Warehouse on Economic Concerns
Uline, owned by billionaire Trump supporters Richard and Liz Uihlein, pauses construction of a new facility in Kenosha, Wisconsin, due to economic uncertainty.
Russia Launches 800+ Drones on Ukraine in Deadly Assault
Russia targeted Ukraine with over 800 drones, killing six. The attack came after a brief ceasefire, as Trump claims peace is near.
CEOs Join Trump on China Trip for Trade Talks
Donald Trump arrives in Beijing with tech CEOs like Elon Musk and Tim Cook for a summit with Xi Jinping, aiming to secure trade deals amid domestic challenges.
Breaking Free from Oil: Alternatives to Petrochemicals
Oil-based products are everywhere, from fertiliser to fashion. Substituting petrochemicals is challenging, but alternatives exist without fossil fuels.
Toyota's Iran War Costs Reach £3bn, Profits Decline
Toyota reports a £3bn hit from the Iran war due to soaring material costs and lower sales, with profits declining for the third consecutive year.
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IHG: Holiday Inn owner faces 50% Middle East hit
IHG expects a 50% sales decline in the Middle East due to the Iran war, but remains confident in growth driven by other regions like Greater China.
Debt Relief Could Free $900bn for Development: Report
A new report to the UN claims cutting debt costs for poorer countries could free up $900bn annually for development, urging action to address the worst debt-provoked crisis.
Australia Japan Sign Historic Defence and Minerals Deal
Australia and Japan have signed a historic agreement enhancing defence cooperation, energy security, and critical minerals supply chains, strengthening their strategic partnership.
Jaecoo 7: China's Chery Leads UK Car Sales
Chery's Jaecoo 7 became the UK's best-selling car in March 2025, beating rivals with low costs, state support, and tech extras, signaling China's rise in the global auto market.
Suspect in Girl's Murder Airlifted After Vigilante Attack
Jefferson Lewis, accused of abducting and killing a 5-year-old girl in Alice Springs, was airlifted to Darwin after vigilantes beat him and rioting erupted, injuring police and damaging vehicles.
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Ukraine Claims Victory Over 'Shadow Grain Fleet' Ship
A Panama-flagged ship carrying alleged stolen Ukrainian grain turned away from Israel after Kyiv's condemnation. Ukraine vows systematic action against vessels exporting grain illegally from occupied areas.
Trump Removes Scotch Whisky Tariffs for King Charles
President Donald Trump has removed tariffs on Scotch whisky as a farewell gesture to King Charles III, praising him as 'the greatest king' and strengthening US-UK trade ties.
Germany Top Plastic Waste Exporter in 2025
Germany exported 810,000 tonnes of plastic waste in 2025, the UK 675,000 tonnes, with much sent to Turkey, Malaysia, and Indonesia, causing environmental harm.
GM Expects $500M Tariff Refund, Raises 2026 Outlook
General Motors anticipates a $500 million tariff refund after the Supreme Court ruled some Trump levies illegal, boosting its 2026 earnings forecast to $13.5-$15.5 billion.
Europe 'Sleepwalking' into Risks from Chinese Green Tech
Europe faces serious economic and national security risks due to over-reliance on Chinese green technology, including solar panels, batteries, and EVs, according to a new report.
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UK Urged to Deploy EU-Style 'Trade Bazooka' Against Trump Tariffs
UK business leaders call on the government to create an EU-style 'trade bazooka' to protect economic interests amid rising transatlantic tensions and tariff threats from Donald Trump.
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