Trump says Iran not ready to make the 'right deal'
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over th...
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
The Valentine's day period typically accounts for about 20% of annual sales, however, growers are facing mounting economic challenges.
A 10% U.S. tariff imposed last April, as part of President Donald Trump’s broader trade measures, is weighing on profits, while a stronger Colombian peso and a 23% rise in the minimum wage are squeezing margins and eroding competitiveness.
The United States accounts for approximately 80% of Colombia’s flower exports.
Jose Antonio Restrepo, manager of Ayure SAS Eclipse Flowers near Bogotá, said the industry is experiencing “very adverse, very complicated situations,” warning that continued pressures could lead to layoffs and farm closures by July.
Flower cultivation is Colombia’s most labour-intensive agricultural sector, employing around 240,000 people across 10,500 hectares.
The timing of Valentine’s Day this year (falling on a Saturday) also presents challenges for sales, as many consumers traditionally send flowers to offices during the week, explained Augusto Solano, president of Asocolflores.
Despite the economic pressures, workers on the packing floors remain positive.
Susana Vega, wrapping roses for shipment, said: “It’s an immense joy, knowing that we’re bringing happiness to someone… to a woman, to a mother and that we’re also benefiting ourselves.”
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Iran has condemned new U.S. sanctions as “economic terrorism” and “crimes against humanity”, accusing Washington of pursuing a decades-long policy of hostility. Tehran said the measures would not weaken its resolve to defend its sovereignty and national interests.
Türkiye said on Thursday it would continue helping Syria strengthen its military, despite rising tensions with Israel over Ankara’s role in the country.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2025, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
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.
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