G7 set to discuss climbing oil prices, release of emergency reserves
The Group of Seven (G7) finance ministers will meet on Monday to discuss a global rise in oil prices and a joint r...
China announced on Tuesday it would extend its investigation into European Union pork imports by six months, just days before a final decision was expected. The move comes as Beijing and Brussels edge closer to resolving a dispute over EU tariffs on Chinese electric vehicles (EVs).
The anti-dumping probe, which began in June 2024, affects over $2 billion worth of EU pork exports — primarily from Spain, the Netherlands, and Denmark — and is widely seen as retaliation for the EU’s restrictions on Chinese EVs.
In a statement, China’s Commerce Ministry cited the "complexity" of the case as the reason for extending the review period until December 16.
The decision signals potential coordination with broader trade negotiations. China recently expanded market access for Spanish cherries and pork products and promised faster export licensing for rare earth magnets, suggesting a willingness to ease trade tensions.
Much of the EU's pork exports to China consist of offal — pig ears, noses, and feet — which are considered delicacies in Chinese cuisine but have limited value in European markets.
In 2024, China imported $4.8 billion in pork products, with more than half coming from the EU. Spain remains the top European supplier by volume.
Analysts view the delay as a tactical step by Beijing, giving more time for trade talks while maintaining pressure on Brussels amid sensitive economic and diplomatic negotiations.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Baku has completed its evacuation of staff from the Azerbaijan Consulate General in Tabriz, while most employees from the Azerbaijan Embassy in Tehran have also returned.
Tehran’s Mehrabad Airport came under attack in heavy airstrikes on early Saturday morning (7 March), Iranian news agencies reported.
U.S. President Donald Trump threatened further attacks on Iran on Saturday (7 March), while the United Arab Emirates and Saudi Arabia continued to shoot down missiles in their airspace. Meanwhile, Iran’s President Masoud Pezeshkian said Tehran would stop attacking its neighbours.
Russian attacks on Ukraine’s second largest city in the early hours of Saturday (7 March) killed 10 people, including two children. Kharkiv mayor, Ihor Terekov, said 10 residents died after a Russian ballistic missile hit a five storey apartment block in the city.
Bahrain’s state-owned oil company Bapco has declared force majeure after an attack set the country’s only refinery ablaze. The firm says domestic supplies remain secure, but operations are disrupted by the ongoing Middle East conflict, underscoring regional energy risks.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
An Israeli air strike and tank shelling killed six Palestinians, including two girls, in Gaza City on Sunday (8 March) in two separate attacks, local health officials say.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
After days of high-altitude competition and fierce rivalries and despite challenging conditions in Shahdag, Europe’s top athletes pushed to the summit in one final test of endurance before the competition finished.
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