Russia publishes alleged drone supplier addresses, warns Europe over Ukraine support
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 Apr...
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer are in Brussels for their first meetings with EU trade ministers since taking office.
The officials will join the ministers for a 90-minute working lunch focused on key transatlantic trade issues, including Chinese export restrictions on rare earths and semiconductors.
Under the end-July agreement, the United States set 15% tariffs on most EU goods, while the European Union committed to removing many of its duties on U.S. imports.
That process may not be completed until March or April, pending approval from the European Parliament and EU governments, a delay that EU diplomats say has frustrated Washington.
While Brussels insists implementation is on track, the bloc is also pressing the U.S. to advance on agreed areas, particularly steel and aluminium.
The United States currently applies a 50% tariff on the metals, and since mid-August has extended the duty to the metal content of 407 derivative products, including motorcycles and refrigerators. More items could be added next month.
EU diplomats warn that these actions, along with the prospect of new U.S. tariffs on trucks, critical minerals, planes and wind turbines, risk undermining the July deal.
“We’re at a delicate moment,” one diplomat said.
“The U.S. is looking for reasons to criticise the EU as we are trying to get them to work on steel and other unresolved matters.”
Brussels also wants a wider range of its products returned to low pre-Trump tariff levels, including wine, spirits, olives and pasta.
The bloc says it is ready to discuss broader regulatory cooperation in areas such as automotive standards, EU purchases of U.S. energy, and joint efforts on economic security in response to Chinese export controls.
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Azerbaijan and Russia have announced a formal settlement over the 2024 crash of an Azerbaijan Airlines (AZAL) Embraer 190 near Aktau, confirming that all outstanding issues, including compensation, have been resolved.
U.S. President Donald Trump said on Thursday that there was a "good chance" of a peace deal between Lebanon and Israel happening soon, after he announced a 10-day ceasefire between the two countries.
Türkiye is reeling after a second school shooting in as many days, after a 14-year-old student killed nine people - eight pupils and one teacher - and wounded 13 others at a middle school in the south-eastern province of Kahramanmaraş on Wednesday, officials said.
The Middle East crisis is reshaping transport choices worldwide, turning electric vehicles from a long-term climate goal into an immediate economic calculation.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
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