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....
Iran has announced plans to significantly expand its economic relationship with Afghanistan, targeting $10 billion in bilateral trade, as regional powers ramp up efforts to turn Afghanistan into a strategic trade and transit hub.
Iran is looking to significantly boost its economic ties with Afghanistan, setting an ambitious goal of reaching $10 billion in bilateral trade. The announcement was made during a recent conference on trade opportunities, held alongside the Iran Export Capabilities Exhibition in Tehran.
A high-level Afghan delegation, led by the acting Deputy Minister of Agriculture, participated in the event. The conference featured a series of business-to-business meetings, aiming to strengthen private sector cooperation between the two countries.
This renewed push for economic engagement comes as several regional countries, including Uzbekistan, Kazakhstan, Turkmenistan, and Azerbaijan, are also looking to enhance their trade and connectivity with Afghanistan.
Meanwhile, Russia has also signaled its growing interest in the region. The country’s First Deputy Prime Minister recently announced that, once the Trans-Afghan Railway Corridor is operational, it will initially handle between 8 to 15 million tons of Russian goods annually. The corridor is designed to link the European Union, Russia, Central Asia, and South Asia.
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As these initiatives gather momentum, Afghanistan is increasingly positioning itself as a vital trade and transit hub for the region,an opportunity that, if realized, could transform the economic future of just Afghanistan but the wider region.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
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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