Death toll in Philippines landfill collapse rises to 4
The death toll from a landfill collapse in the central Philippines has risen to four, an official confirmed on Saturday, as rescue teams continued the...
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
Despite a recent trade deal between the U.S. and UK that reduces tariffs on British car exports and aerospace products, steel tariffs remain a contentious issue. Trump has made clear that he may maintain a 25% tariff on UK steel unless the UK government offers guarantees concerning the Port Talbot steelworks in south Wales.
The trade agreement, agreed between Trump and UK Prime Minister Keir Starmer during the G7 summit, cuts tariffs on up to 100,000 British cars from 27.5% to 10% and eliminates tariffs on aerospace goods. However, it did not include the removal of steel tariffs.
UK officials continue negotiations on steel and aluminium tariffs, with concerns in Washington about Tata Steel’s import of raw materials, following the closure of blast furnaces at Port Talbot last year. Tata now imports materials mainly from its other sites in the Netherlands and India until it opens a new electric arc furnace in 2027.
U.S. trade rules require steel to be “melted and poured” in the exporting country to qualify for tariff exemptions. While the U.S. is considering granting an exemption for Tata, it is seeking detailed guarantees about the timeline for switching to the new furnace and transparency on the supply chain’s origin and tracking.
Starmer acknowledged ongoing work on steel tariffs but remains optimistic about progress. The UK government is hopeful that Tata’s lack of raw steel imports from China will aid in persuading the US to include all British steel exports in the deal.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
Tens of thousands of Iranians have taken to the streets in Tehran and across at least 28 cities in a wave of anti-government demonstrations, now entering their twelfth day.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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