Spain battles wildfires as 115,000 hectares burn and thousands evacuated
Wildfires raging across Spain have scorched more than 115,000 hectares (about 284,000 acres), killed at least three people and forced thousands to eva...
Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.
The UK is the only nation to have secured such a deal with the US, lowering car export tariffs from 27.5% to 10%. This reduction will save manufacturers hundreds of millions of pounds annually and help protect hundreds of thousands of jobs across the sector.
Meanwhile, the aerospace industry will see the elimination of 10% tariffs on key exports such as engines and aircraft components. This change will enhance the competitiveness of firms like Rolls-Royce and support their continued leadership in innovation.
These developments represent a major success for both industries, strengthening the global competitiveness of UK manufacturers, protecting British jobs, and reinforcing the UK’s reputation for innovation and excellence.
"Our historic trade deal with the United States delivers for British businesses and protects UK jobs. From today, our world-class automotive and aerospace industries will see tariffs slashed, safeguarding key industries that are vital to our economy," - stated UK Prime Minister Keir Starmer.
"These changes are a huge win for both sectors and will help ensure UK manufacturers remain globally competitive, protect British jobs and continue to lead in innovation and excellence," he added.
The UK is the only country to be exempt from the global tariff of 50% on steel and aluminium.
As the Prime Minister and President Donald Trump have again confirmed, "We will continue, go further and make progress towards 0% tariffs on core steel products as agreed," the British statement added.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
The Trump administration is expected to shed roughly 300,000 federal workers in 2025, Office of Personnel Management (OPM) Director Scott Kupor said Thursday.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases for Ukraine.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
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