'Hormuz cannot be seized by tweet,' Iranian official says after Trump threats
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Ministe...
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.
Hundreds of flights have been cancelled or rerouted at Catania Airport over the past week as ash from Mount Etna’s ongoing eruption continues to disrupt air travel in Sicily.
Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
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