EU bans Nord Stream imports in latest Russia sanctions package
The European Union has approved a powerful new set of sanctions against Russia, banning imports from the Nord Stream pipelines and tightening limits o...
China aims to restore commercial ties with the U.S. to a stable and mutually beneficial footing according to Beijing's commerce chief.
Commerce Minister Wang Wentao is urging the U.S. to act responsibly and avoid reigniting a tariff war, saying that forced decoupling is unrealistic and trade ties must return to “healthy and sustainable” growth.
Wentao made the comment on Friday, emphasizing the need for the U.S. to act in accordance with its global responsibilities.
At a press conference, Wang highlighted China's trade resilience and confirmed plans to boost both imports and exports in the next five years, with export policies defying global challenges to sustain growth.
Despite past tensions, Wang said the two sides remain critical trading partners and should manage their disputes through “equal dialogue and consultation.”
His remarks come just months after U.S. President Donald Trump imposed steep tariffs on Chinese goods, later easing them in a temporary truce reached in May.
With a 12 August deadline approaching to finalize a deal and prevent the reinstatement of Trump’s earlier tariffs, Wang urged for continued talks. He revealed that the current U.S. tariff burden on Chinese goods stands at 53.6%— a level he described as “still high.”
“There are no winners in a trade war. China doesn’t seek conflict, but it will not back down from defending its interests,” Wang said.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
The European Union has approved a powerful new set of sanctions against Russia, banning imports from the Nord Stream pipelines and tightening limits on oil exports.
Hungarian Prime Minister Viktor Orban has sharply criticised the European Commission’s proposed budget, warning it could lead to the EU’s collapse.
More than 5,000 people in South Korea have taken refuge in shelters as relentless rainfall continues to batter parts of the country for a third consecutive day, resulting in at least four deaths and significant damage to infrastructure, according to the Ministry of the Interior and Safety on Friday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 18th July, covering the latest developments you need to know.
Germany, and the UK hailed a major treaty to deepen ties in many areas ranging from defence to immigration. It's the latest push from Britain to reset relations with the European Union after Brexit in 2020. It comes after a recent treaty between France and the UK was signed last week.
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