live Iran reopens Hormuz Strait, demands end to U.S. naval blockade- Saturday 18 April
Iran temporarily reopened the Strait of Hormuz on Friday (17 April) following a ceasefire agreement in Lebanon, ra...
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.”
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
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.
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