U.S. lifts ethane export curbs to China as trade truce gains ground
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling ...
G7 foreign ministers have urged Iran to urgently resume nuclear talks and full cooperation with the International Atomic Energy Agency (IAEA), condemning calls to arrest its director.
The statement reaffirmed the commitment to prevent Iran from obtaining nuclear weapons and highlighted the need for regional stability.
The foreign ministers of the G7 countries have called for the resumption of talks on Iran’s nuclear programme and urged Tehran to immediately restore full cooperation with the IAEA.
The meeting took place on Wednesday in The Hague, with foreign ministers from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, alongside the European Union’s foreign policy chief, discussing recent developments in the Middle East.
In a joint statement issued following the meeting, the ministers reaffirmed that Iran must never possess nuclear weapons and called on Tehran to refrain from resuming its nuclear enrichment activities.
They described the resumption of negotiations as a crucial step towards a comprehensive, verifiable, and lasting agreement addressing Iran’s nuclear programme.
The statement also strongly condemned calls within Iran for the arrest and execution of IAEA Director General Rafael Grossi.
The G7 ministers reiterated the central importance of the Nuclear Non-Proliferation Treaty (NPT) as the foundation of the global nuclear non-proliferation regime and stressed the necessity for Iran to fully comply with its treaty obligations.
They reaffirmed their commitment to peace and stability in the Middle East, affirming Israel’s right to self-defence.
The ministers also called for the preservation of the ceasefire between Israel and Iran and urged all parties to avoid actions that could further destabilise the region.
Iran consistently denies that it's seeking to create nuclear weapons.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Australia has finalised a AU $2 billion ($1.3 billion) purchase of U.S. made supersonic missiles, reinforcing its commitment to defence investment while stopping short of U.S. calls to adopt a higher military spending target.
U.S. President Donald Trump has announced a reduced 20% tariff on many Vietnamese exports, down from a previously planned 46%, in what he described as a new trade framework with Hanoi.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Australia has confirmed a $1.3 billion missile deal with the U.S., highlighting its defence priorities, while stopping short of committing to Washington’s 3.5% GDP spending target.
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