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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling ...
A motion of no confidence against European Commission President Ursula von der Leyen is set to be debated on 7 July and voted on 10 July during the European Parliament’s plenary session in Strasbourg, according to Romanian MEP Gheorghe Piperea, who submitted the motion.
Piperea believes the vote is likely to fail but says it sends a powerful symbolic message within the European Union.
The motion received 79 supporting signatures and was approved by the Conference of Presidents.
Von der Leyen faces accusations of breaching European Union transparency rules after refusing to disclose text messages exchanged with Pfizer CEO Albert Bourla during the COVID-19 pandemic.
Despite a ruling by the European Court of Justice in favour of a journalist seeking access to the messages, the Commission has yet to release the correspondence.
Piperea has criticised the Commission for applying strict rule of law standards to Eastern European countries while shielding itself from scrutiny.
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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