live Democrats press Trump to seek Congress approval for Iran war - Friday, 01 May
A senior U.S. administration official says a ceasefire agreed with Iran in early April has effectively ended hostilities for an imminent congressio...
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.
A report published by Minval Politika has raised new questions over alleged efforts by Luis Moreno Ocampo to shape international pressure against Azerbaijan and influence political dynamics around Armenia.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Iran’s Supreme Leader Mojtaba Khamenei warned “foreigners who commit evil” have no place in the Gulf, outlining a “new phase” for the Strait of Hormuz, while a senior adviser said U.S. blockade efforts would fail and could trigger confrontation.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
A senior U.S. administration official says a ceasefire agreed with Iran in early April has effectively ended hostilities for an imminent congressional war powers 1 May deadline, arguing that the absence of any military exchanges for more than three weeks removes the need for further authorisation.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the first athlete to run an official marathon in under two hours.
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