Qatar discusses Afghan oil, gas investment as Gulf interest grows
Qatar has discussed potential investment in Afghanistan’s oil and gas sectors and the construction of a crude o...
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
The suspension comes amid ongoing trade tensions between Washington and Ottawa, as U.S. tariffs continue to spark concerns over retaliatory measures affecting American agricultural exports.
According to the U.S. Department of Agriculture, the suspension is based on standard protocols rather than recent trade actions. Under Canada’s policy, three instances of noncompliance within six months trigger a temporary halt on imports. In this case, the issue reportedly concerns a limited number of offal shipments from the plant.
The USDA stated that it is working with Smithfield Foods to address the issues and develop a corrective action plan that will be presented to Canadian authorities. Once the plan is reviewed and accepted, the plant’s export eligibility may be reinstated. Meanwhile, Smithfield noted that its shares remained nearly flat on Friday.
The move restricts a key market for U.S. pork products. Last year, Canada ranked as the fifth-largest export market for U.S. pork, with shipments valued at approximately $850 million. U.S. pork also plays a significant role in Canadian retail and foodservice sectors, according to industry representatives.
In a related development, U.S. President Donald Trump exempted goods from Canada and Mexico under a North American trade pact for a month from the 25% tariffs imposed earlier this week, signaling the volatile nature of the current trade environment.
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
Kazakhstan has received a fresh vote of confidence in its economy after S&P Global Ratings upgraded the country’s credit rating, citing stronger public finances, solid reserves and steady economic growth.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD-LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
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