live Hormuz shipping slows as Iran's Araghchi sets conditions for resumption
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sun...
Fabiola Galicia, who worked for 11 years at a decorative ribbon factory in Ciudad Juarez, saw her hours cut to just three days a week in June.
In August, Design Group Americas – which filed for bankruptcy protection last month – closed its Ciudad Juarez factory, leaving Galicia and around 300 other employees without work.
Court filings indicate the company partially blamed U.S. President Donald Trump’s tariffs for its difficulties. Galicia said a company representative explicitly cited the tariffs: “They told us the tariffs had affected the company.”
Assembly plants in Ciudad Juarez, which import raw materials mostly duty-free and export finished products to the U.S., are now in crisis. President Trump’s global trade war has compounded challenges already facing the sector, including rising wages and investor concerns over reforms by Mexico’s ruling leftist Morena party.
These plants, known as maquiladoras, account for roughly 60 per cent of jobs in Ciudad Juarez. The city became a major manufacturing hub as multinational companies relocated operations there to avoid U.S. tariffs on Chinese goods. But after years of growth, many factories are now laying off staff or closing entirely.
According to Mexico’s National Institute of Statistics and Geography, between June 2023 and June 2025, Ciudad Juarez lost more than 64,000 factory jobs, including nearly 14,000 in the first six months of this year alone.
Maria Teresa Delgado, vice-president of the maquila association INDEX Juarez, described the industry as “in crisis.” She cited a combination of factors behind the layoffs, including Trump’s tariffs, rising minimum wages, and investor concerns. In northern Mexico, the minimum wage has increased from 22 pesos ($1.17) per hour in 2019 to 52.48 pesos ($2.80) today.
Delgado called the tariffs “the cherry on top” of the mounting pressures facing factories.
Foreign direct investment in Mexico fell 21 per cent in the first quarter of 2025 compared with the previous year. In Chihuahua state, where Ciudad Juarez is located, investment in manufacturing dropped 56 per cent, from $800 million to $348 million.
Some companies are already leaving Ciudad Juarez, relocating to countries with lower labour costs or investing in the U.S. to avoid tariffs. Earlier this year, automotive parts manufacturer Lear Corp announced it would move some production lines to Honduras. French electronics maker Lacroix plans to close its Ciudad Juarez operations by the end of the year.
Thor Salayandia, president of the regional business coalition Border Block Trade, said he had to cut staff at his nail factory in Ciudad Juarez, reducing employees from around 90 in 2023 to just 20. “Clients are cutting costs. One day they place an order, the next they don’t,” he said.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend, with five commodity vessels transiting Saturday and none on Sunday. Iran's Foreign Minister Abbas Araghchi said Washington must meet Tehran's conditions for shipping to resume.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
Residents of villages in eastern Indonesia hit by a deadly earthquake that killed at least 54 people were awaiting aid on Monday as rescuers prepared to comb through collapsed buildings in search of people trapped beneath the rubble.
Nearly a week after a powerful 7.4-magnitude earthquake struck western Colombia, hopes of finding more survivors are fading as rescue teams search collapsed buildings and communities confront widespread destruction.
Central Asia has become a major focus for Eurasian transport investment, with $71.7 billion committed to 114 projects, according to the Eurasian Development Bank’s 2026 Transport Observatory.
The European Union is preparing what foreign policy chief Kaja Kallas has described as its most far-reaching sanctions package against Russia since the war in Ukraine began.
Weeks after thousands of students protested in New Delhi over alleged failures in India’s examination system, the so-called Cockroach movement is taking its campaign to the grassroots, launching audits of state-run schools.
UNESCO Director-General Khaled El-Enany visited Ukraine for the first time since taking office, meeting Foreign Minister Andrii Sybiha in Kyiv on 15 August to discuss protecting the country’s cultural heritage amid continued Russian attacks.
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