Canada suspends imports from largest US pork processing plant
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
EU Council has adopted its position on a regulation that will impose tariffs on remaining agricultural products from Russia and Belarus, as well as certain nitrogen-based fertilizers. These tariffs aim to reduce Russian export revenues, limiting Russia's ability to finance its war against Ukraine.
The agricultural products affected by the new tariffs constitute 15% of all agricultural imports from Russia (in 2023). Once the new tariffs come into force, all agricultural imports from Russia will be subject to EU tariffs.
In 2023, the imports of the concerned fertilisers from Russia represented over 25% of the Union’s total imports (around 3.6 million tonnes (worth EUR 1.28 billion).
"We will carefully monitor the implementation of these tariffs to ensure that the EU fertiliser industry and farmers are protected, while simultaneously reducing EU dependencies, preserving global food security, and further weakening Russia’s war economy," - said Krzysztof Paszyk, Minister of Development and Technology of Poland.
The tariffs aim to reduce the dependency from Russia and Belarus and boost domestic production and support the EU’s fertiliser industry, while ensuring that Russia does not benefit commercially from continuing to export to the Union. They will also allow for the diversification of supply from third countries to create a stable fertiliser supply and, crucially, to ensure that fertilisers remain affordable for EU farmers, - the EU Council said in statement.
The tariff increases for the fertilisers will take place gradually, over a transition period of three years.
The proposal also includes measures to mitigate the impact on EU farmers, should there be a significant rise in fertiliser prices.
Once the European Parliament has adopted its position, both institutions will need to agree on a common text. The Council will then formally adopt the regulation by qualified majority.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
Universal’s new theme park in Bedford, UK has secured a government support package worth around £500 million ($686 million) for rail and road upgrades, as part of a wider package to boost infrastructure ahead of the park’s planned 2031 opening.
Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
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