live U.S. sanctions alleged Iran-linked network after Strait of Hormuz attacks
The U.S. has imposed new Iran-related sanctions targeting a key financier linked to Supreme Leader Ayatollah Mojtaba Khamenei and 13 other individuals...
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.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
The death toll from Venezuela's twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
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