Azerbaijani President, Armenian PM to hold peace talks in Abu Dhabi on 10th July
Azerbaijani President Ilham Aliyev will meet with Armenian Prime Minister Nikol Pashinyan as part of the ongoing peace process between the two countri...
U.S. President Donald Trump said that pharmaceutical imports could face tariffs of up to 200%, with details expected by the end of July following an ongoing national security review.
Speaking at a Cabinet meeting at The White House on Tuesday, Trump said drugmakers would have a year to shift supply chains before facing steep tariffs.
“If they have to bring the pharmaceuticals into the country … they’re going to be tariffed at a very, very high rate, like 200%,” he said.
Trump also indicated new levies on imported semiconductors and other goods were being prepared, without giving precise timelines. A new tariff rate on copper was also announced during the meeting.
Commerce Secretary Howard Lutnick later told CNBC that final decisions on pharmaceutical and semiconductor tariffs would come once ongoing studies conclude later this month. “The president will then set his policies,” he said.
The administration launched a formal investigation into pharmaceutical supply chains in April, arguing that foreign reliance on medicine production poses a national security threat. The Commerce Department is leading the review but has not yet released its findings.
The proposal, if enacted, would represent a significant shift in U.S. trade policy on health products and comes amid wider efforts to increase domestic manufacturing across strategic industries.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
Shipments of antimony to the United States have jumped to more than 3,800 tonnes in five months via Thailand and Mexico, customs data show, as buyers find back-door routes around Beijing’s export ban on critical minerals bound for the U.S.
From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
Russian Foreign Minister Sergey Lavrov will visit North Korea from 11th to 13th July, - Foreign Ministry Spokeswoman Maria Zakharova announced during a press briefing today.
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' economic model, the Kommersant business daily reported on Wednesday.
A major rescue operation was underway on Wednesday to locate missing crew members from the Eternity C, a cargo vessel that sank in the Red Sea following a series of attacks that left at least four crew members dead.
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