Russia says it struck cargo vessels, steel plants across Ukraine
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
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.”
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Twenty-five years after the September 11 attacks drew the U.S. into Afghanistan, the Taliban is seeking a new relationship with Washington built on diplomacy, investment and trade, despite deep divisions between the former enemies.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its private-market peak four years ago.
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