EU and Mercosur sign historic trade pact in Paraguay after 25 years of talks
The European Union and South American bloc Mercosur have signed a long-awaited free trade agreement in Paraguay, opening the way for what would become...
South Africa could lose around 100,000 jobs due to the 30% U.S. import tariff set to take effect on 1 August, according to he Governor of the South African Reserve Bank (SARB) Lesetja Kganyago. The agriculture and auto sectors face the hardest hit, especially citrus, grapes, and wine.
Speaking to local radio station, Kganyago said the tariffs would be devastating for low-skilled agricultural workers and highlighted a concerning 80% drop in South African car exports to the U.S. since Trump’s administration imposed tariffs in April.
"The impact in agriculture could actually be quite devastating because agriculture employs a lot of low-skilled workers, and here the impact is on citrus fruit, table grapes and wines," Kganyago said.
South Africa already faces a severe unemployment crisis, with the official jobless rate at 32.9% and the broader figure exceeding 43%.
Farmer groups also raised alarms, warning that the citrus industry alone could see 35,000 job losses, especially in towns such as Citrusdal that rely heavily on U.S. markets.
Exporters of macadamia nuts, fruit juices, wines, and ostrich leather are also expected to be hit hard unless alternative trade measures are found.
A railway power outage in Tokyo disrupted the morning commute for roughly 673,000 passengers on Friday (16 January) as two main lines with some of the world's busiest stations were halted after reports of a fire.
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been formed.
Venezuelan opposition leader Maria Corina Machado said she presented her Nobel Peace Prize medal to U.S. President Donald Trump during their meeting on Thursday, 15 January.
At least 18 people were injured on Thursday after a stun grenade exploded at an Interior Ministry vocational training centre in Russia’s Republic of Komi, according to state media.
The Turkish Defence Ministry has voiced its support for recent military operations by Syrian government forces against the Kurdish-led Syrian Democratic Forces (SDF), which enjoy the support of the United States.
The European Union and South American bloc Mercosur have signed a long-awaited free trade agreement in Paraguay, opening the way for what would become the EU’s largest-ever trade deal.
Israel said on Saturday that the Trump administration’s announcement on the composition of a new Gaza executive board was made without coordination and contradicts Israeli government policy.
Trump administration officials held months-long discussions with Venezuela’s hardline interior minister Diosdado Cabello before the U.S. operation that led to the seizure of President Nicolás Maduro, according to multiple people familiar with the matter.
U.S. President Donald Trump on Saturday (17 January) threatened to impose a new wave of escalating tariffs on several European allies unless the United States is allowed to purchase Greenland, intensifying a dispute over the future of the Danish Arctic territory.
China and Canada have reached concrete arrangements to address trade disputes covering electric vehicles, steel and aluminum, canola, and agricultural and aquatic products, China’s Ministry of Commerce said on Friday.
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