live Iran warns of confrontation if U.S. blockade persists - Thursday, 30 April
A senior adviser to Iran’s Supreme Leader warned the U.S. port blockade would fail, saying Tehran has ways to bypass it and could turn to con...
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The new quotas, confirmed Friday, mark a reversal of wartime trade liberalization that saw the EU waive duties and quotas for Ukraine following Russia’s 2022 invasion.
The new annual wheat quota is set at 1.3 million metric tons down significantly from the 4.5–6.5 million tons imported duty-free in recent years. For sugar, the EU will allow 100,000 tons annually—well below the over 500,000 tons imported in 2023/24.
Brussels says the changes are meant to stabilize European markets, as local farmers protest rising costs, relaxed rules for Ukrainian goods, and looming trade deals with other blocs.
The move could force Ukrainian producers to look toward North Africa and Asia to make up for lost EU sales.
Other changes include barley imports capped at 450,000 tons and poultry raised to 120,000 tons. The revised trade rules still need final approval from EU member states and allow for further national measures if quotas destabilize local markets.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
A report published by Minval Politika has raised new questions over alleged efforts by Luis Moreno Ocampo to shape international pressure against Azerbaijan and influence political dynamics around Armenia.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
A senior adviser to Iran’s Supreme Leader warned the U.S. port blockade would fail, saying Tehran has ways to bypass it and could turn to confrontation if pressure persists, even as an extended U.S.–Iran ceasefire remains in place after weeks of deadly fighting earlier this year across the region.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
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