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Ukrainian President Volodymir Zelenskyy says envoys from the United States will be visiting Moscow and Kyiv to negotiate an end to the conflict....
Ethiopia is altering its coffee export strategy after a 10% U.S. tariff disrupted a key revenue source for the country’s economy.
The Ethiopian Coffee and Tea Authority (ECTA) announced on Friday that it is reforming its market approach in response to the U.S. government's recent 10% tariff on Ethiopian coffee exports.
Shafi Umer, deputy director general of the ECTA, said the East African country is now intensifying efforts to expand its coffee export market, particularly targeting the Far East and Middle East regions. Ethiopia aims to broaden its coffee trade reach to 20 countries during the current Ethiopian fiscal year, which began on 8 July.
According to Umer, the U.S. tariff decision has significantly affected Ethiopia’s coffee market structure, prompting authorities to explore new strategies. These include reinforcing existing trade ties and identifying fresh markets to reduce reliance on the U.S., which accounts for about 35% of Ethiopia's coffee export earnings.
The new strategy will focus on strengthening partnerships with countries such as China, Japan, Saudi Arabia, Germany and Italy. Umer emphasised that Ethiopia, the largest coffee producer in Africa and the fifth largest exporter of Arabica coffee globally, views the policy change as necessary for preserving its export resilience.
"The Ethiopian government will not accept any decision that will harm the coffee sector," Umer said.
Despite the setback, Ethiopia recorded strong coffee export figures in the 2024/2025 fiscal year, earning a record 2.65 billion U.S. dollars from the export of 468,967 tonnes of coffee. This marked a significant increase of more than 170,000 tonnes compared to the previous year.
The ECTA's shift in focus is expected to reshape the global footprint of Ethiopian coffee as the country seeks to adapt to new trade realities and protect its vital export industry.
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
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