IMF board signs off on Pakistan review, keeps $7 billion program on track
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in finan...
Jaguar Land Rover will suspend shipments of its UK-made vehicles to the United States for a month as it evaluates ways to address the impact of President Donald Trump's 25% tariff on imported cars, according to a report in The Times.
The company, owned by India's Tata Motors, did not immediately comment on the report, but the decision to pause shipments is seen as a response to the higher costs imposed by the new tariffs. The pause is expected to exacerbate concerns about the impact of tariffs on the UK’s car industry, which employs 200,000 people directly. The United States is the second-largest importer of British-made cars, following the European Union, accounting for nearly 20% of total exports, according to the Society of Motor Manufacturers and Traders (SMMT).
Jaguar Land Rover, one of the UK’s largest car manufacturers, produces models like the Range Rover Sport and Defender, with nearly a quarter of its annual sales of 400,000 units going to the U.S. market. The 25% tariff on imported cars and light trucks from countries outside the U.S. came into effect on April 3, adding to the growing trade tensions that have already disrupted global markets.
While the company is taking steps to adjust, The Times report notes that Jaguar Land Rover has a few months' supply of cars already in the U.S. that will not be subject to the new tariffs. The UK government has said it is focused on securing a trade deal with Washington to alleviate the pressure on British exports.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
A powerful 7.5-magnitude earthquake struck northeastern Japan late on Monday, prompting mass evacuations and tsunami warnings along the coastline.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
U.S. President Donald Trump announced on Monday that he would allow Nvidia to ship its H200 chips to approved customers in China and other countries, under conditions that prioritize national security concerns.
Lando Norris, fresh off securing his first Formula 1 world championship, has confirmed he will proudly race with the No. 1 on his McLaren in the 2026 season.
Several regions in southern and western Russia issued urgent warnings early Tuesday morning about the potential for drone attacks, prompting temporary flight suspensions and airspace closures across multiple areas.
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
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