U.S. sanctions not aimed at harming Colombian people, economy, says Rubio
U.S. Secretary of State Marco Rubio said on Saturday that Washington’s sanctions against Colombian President Gustavo Petro were not intended to harm...
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.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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