Australia-EU Trade Deal: Cheaper Imports, Angry Farmers
European wine, chocolate, and cars will become cheaper in Australia under a new landmark trade deal with the EU, but Australian farmers are furious over limited meat export quotas.
Category : Trade Export
Irish Alumina Refinery's Russia Trade Under Scrutiny
Aughinish Alumina in Ireland has increased shipments to Russian smelters since the Ukraine invasion, with data suggesting links to arms producers, though no sanctions breach is found.
Helium and Fertiliser Supply Chains at Risk in Hormuz Standoff
The Strait of Hormuz crisis threatens global helium and fertiliser supplies, impacting technology, healthcare, space exploration, and food production worldwide.
Iran War Sparks Food Crisis, Hits Small-Scale Farmers Hard
The Iran war is driving a global food crisis, with small-scale producers in Africa facing plummeting prices and blocked exports due to shipping disruptions and soaring fertilizer costs.
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UK Trade Minister Calls for Ambitious EU Reset Beyond Piecemeal Deals
UK trade minister Chris Bryant advocates for a comprehensive vision in EU relations, criticizing incremental approaches and pushing for sectoral alignment to boost trade and cooperation.
US Lifts Sanctions on Iranian Oil at Sea to Ease Supply Pressures
The Trump administration has issued a 30-day waiver on sanctions for Iranian oil purchases at sea, aiming to bring 140 million barrels to global markets and reduce soaring energy prices ahead of midterm elections.
Pacific Islands Fuel Crisis Amid Middle East War
Pacific nations like Samoa, Tonga, and Papua New Guinea are grappling with surging oil prices and potential shortages due to the US-Israel war on Iran, threatening key industries and basic services.
UBA and BII Sign Intent for African Trade Finance Collaboration
UBA Group and British International Investment sign a letter of intent to explore trade finance collaboration, aiming to close Africa's $80 billion annual gap and support businesses under AfCFTA.
UK Doubles Steel Tariffs to 50% to Protect Plants
The UK government announces new 'steel safeguards' doubling tariffs on foreign steel to 50% and slashing import quotas by 60% to protect remaining plants and boost domestic production.
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UK Levies 50% Steel Tariff in Protectionist Move
The UK government has introduced a 50% tariff on steel imports and £2.5bn in support, marking a historic shift towards protectionism to boost domestic production from a record low of 30%.
Candidates Vie to Lead UK's New Foreign Investment Office
Over 50 candidates from various sectors are competing to head the UK's new foreign investment office, aiming to boost post-Brexit economic growth and attract global capital.
UK Imposes 50% Steel Tariffs to Protect Domestic Production
The UK government has announced a bold steel strategy, raising tariffs to 50% and cutting import quotas by 60% to save domestic production, drawing mixed reactions from industry and opposition.
Iran War Disrupts Fertilizer Supply, Hits African Food Security
African nations face severe food production risks as Middle East conflict blocks vital fertilizer imports through the Strait of Hormuz, driving up costs and threatening livelihoods.
Trump Claims 'Absolute Right' to New Tariffs After Court Blow
Donald Trump has asserted his authority to impose new tariffs following a Supreme Court ruling against his previous duties, escalating tensions over trade policy and executive power.
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UK Included in US Trade Probe Over Forced Labor Issues
The United Kingdom is among 60 economies targeted in a fresh US trade investigation that could lead to new tariffs, as the Trump administration seeks to rebuild trade pressure following a Supreme Court setback.
Trump Starts New Trade Probe After Supreme Court Tariff Ruling
The Trump administration has initiated a new trade investigation targeting foreign manufacturing, aiming to replace tariffs invalidated by the Supreme Court's February decision.
UK Ends Tax Break on Low-Value Imports by 2029
The UK plans to end customs duty exemptions for imports under £135 by March 2029, potentially raising prices and harming small firms, as business groups call for a phased approach.
BC Ends Daylight Saving, Creates New Pacific Time Zone
British Columbia announces permanent shift to daylight saving time, creating a new Pacific time zone after years of public demand and citing strained US relations.
Trump Eases Russia Sanctions, Undermining Economic Pressure
Donald Trump's temporary waiver allowing India to buy Russian oil weakens sanctions, as Europe must strengthen measures like halting luxury car exports to choke Putin's regime.
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Judge to Decide $175 Billion Tariff Refund Process After Court Ruling
A US judge will meet with customs agency lawyers to establish a system for refunding up to $175 billion in illegal Trump tariffs to over 300,000 importers, following a Supreme Court decision that struck down the tariffs but left repayment details unresolv
US Grants India Waiver to Buy Russian Oil Amid Middle East Crisis
The US Treasury issued a temporary 30-day waiver allowing India to purchase Russian oil stranded at sea, calling it a stopgap measure to maintain global oil flow during Middle East disruptions.
Australia to Change Luxury Car Tax for EU Trade Deal
Australia is set to adjust its luxury car tax, raising the threshold from $80,000 to at least $100,000, as a key concession to secure a free trade agreement with the European Union, benefiting manufacturers like BMW and Mercedes-Benz.
UK Businesses Accelerate Global Expansion Amid Challenges
Nearly half of UK businesses are now considering international growth, more than double 2023 levels, but face political uncertainty and regulatory hurdles, according to Santander's latest research.
Hormuz Strait Blockade Risks Fertilizer Crisis and Food Price Shock
Iran's effective closure of the Strait of Hormuz disrupts global fertilizer supply chains, threatening crop yields and pushing up food prices worldwide as key raw materials are stranded.
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EU Proposes 'Buy EU' Plan to Compete Against China
The European Commission has unveiled a new 'Buy EU' strategy aimed at boosting domestic production and reducing reliance on Chinese imports, sparking debate over trade protectionism and global competition.
US Warns 15% Tariffs May Start This Week
US Treasury Secretary Scott Bessent indicates a universal 15% tariff could be implemented this week, following a Supreme Court ruling. Markets react cautiously as UK and EU brace for potential economic impacts.
Trump's Iran Strikes Speed Up Global Dollar Decline
Donald Trump's aggressive foreign policy, including recent attacks on Iran, is fueling a historic drift from US dollar dominance in international trade and finance.
UK Halts Tech Export to Armenia Over Russian Military Links
The UK government is reviewing a decision to allow a British firm to export carbon fibre machines to Armenia after uncovering ties to Russia's military supply chain, amid sanctions evasion fears.
Webb Telescope Maps Uranus's Aurora in 3D
The James Webb Space Telescope has peered inside Uranus, revealing its northern lights in 3D and uncovering secrets of its weird magnetic field and atmosphere.
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US Tariffs Could Hit 15% or More After Supreme Court Blow
Jamieson Greer, the US trade representative, indicates tariffs may rise from 10% to 15% or higher for some countries following a Supreme Court setback and Trump's global levy announcement.
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