U.S. to implement higher tariffs starting August 1, Commerce Secretary says
The U.S. will begin applying increased tariff rates from August 1, according to Commerce Secretary Howard Lutnick....
Germany’s Bundestag will debate major infrastructure spending and defence funding reforms from 13 March, with a vote set for 18 March. Key parties negotiate over debt rule changes and a €500 billion fund.
Germany's lower house of parliament will discuss an increase in infrastructure spending and significant changes to state borrowing regulations to enhance defence funding from 13 March, according to two parliamentary sources cited by Reuters on Thursday.
The Bundestag is set to vote on the proposed reforms on 18 March, the sources added.
The conservatives and the centre-left SPD, currently engaged in coalition negotiations following last month’s election, will require a two-thirds majority in parliament to pass their plans to amend the debt brake and establish a €500 billion fund for infrastructure.
The Greens have stated they will negotiate firmly before potentially offering their crucial support for debt reforms aimed at revitalising the struggling economy and increasing defence expenditure.
The pro-business FDP will also back greater defence spending but has made it clear that it will not endorse a dedicated fund for infrastructure.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
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.
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the formation of a new political party in defiance of President Donald Trump.
TikTok is building a new version of its app for U.S. users ahead of a planned sale to American investors, The Information reported, as President Donald Trump prepares fresh talks with China over the platform’s future.
BRICS leaders meeting in Rio de Janeiro have condemned attacks on Iran, Gaza and Kashmir, while presenting the expanded bloc as a rising force for multilateralism in a world dominated by U.S.-led policies.
The U.S. will begin applying increased tariff rates from August 1, according to Commerce Secretary Howard Lutnick.
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple military targets belonging to the Houthi movement in Yemen.
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