Saudi shuts down oil pipeline as Houthis tighten grip on Red Sea shipping
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
India has notified the WTO of plans to impose retaliatory tariffs on U.S. goods in response to higher U.S. import duties on Indian automobile products, with a 90-day tariff pause set to expire on July 9.
India has proposed retaliatory measures against the United States under World Trade Organization (WTO) rules, targeting selected U.S. goods in response to increased American tariffs on automobile imports.
According to a WTO notification cited by the Press Trust of India, New Delhi intends to suspend certain trade concessions by raising tariffs on specific U.S.-origin products. The move comes as a response to safeguard measures adopted by the U.S. in March, which raised tariffs by 25% on passenger vehicles, light trucks, and auto parts imported from India.
The retaliatory proposal coincides with the end of a 90-day tariff suspension announced by U.S. President Donald Trump in April, which expires on July 9. Despite ongoing trade discussions, no agreement has yet been reached between Washington and New Delhi.
India’s notification to the WTO Council for Trade in Goods formalises its intention to act within WTO provisions, should the U.S. proceed with implementing the tariff hikes.
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.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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