Jaguar Land Rover warns U.S. tariffs will hit profits
Jaguar Land Rover has warned that its profits will take a hit due to new U.S. tariffs imposed by Donald Trump, after the company paused shipments to the American market.
Prime minister Keir Starmer says stronger ties with the EU will benefit British jobs, energy bills and border control. His comments come ahead of a summit in London where EU leaders will meet UK officials.
A deal giving the UK access to a major EU defence fund could be announced, though disagreements over fishing rights and a youth mobility scheme may cause delays.
He met with European Commission president Ursula von der Leyen on Friday during a summit in Albania. EU foreign policy chief Kaja Kallas said work on the defence deal was "progressing but we're not there yet."
If agreed, this would be the UK’s third major international deal in two weeks, following new trade agreements with India and the US.
Starmer said: "First India, then the United States - in the last two weeks alone that's jobs saved, faster growth and wages rising. More money in the pockets of British working people, achieved through striking deals not striking poses. Tomorrow, we take another step forward, with yet more benefits for the United Kingdom as the result of a strengthened partnership with the European Union."
But Conservative leader Kemi Badenoch said she is "worried" about what the prime minister may have agreed to. She warned: "Labour should have used this review of our EU trade deal to secure new wins for Britain, such as an EU-wide agreement on Brits using e-gates on the continent. Instead, it sounds like we're giving away our fishing quotas, becoming a rule-taker from Brussels once again and getting free movement by the back door."
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
An Air India flight with 242 passengers on board crashed in Meghaninagar, close to Ahmedabad airport in Gujarat, on Thursday afternoon.
British Prime Minister Keir Starmer and Canadian Prime Minister Mark Carney have announced a renewed economic and security partnership, including a joint task force on AI and trade, during talks in Ottawa
Türkiye’s current account balance registered a deficit of $7.8 billion in April, according to data released Monday by the Central Bank of the Republic of Türkiye (CBRT), marking a wider-than-expected shortfall amid a sharp goods trade imbalance.
India expects to conclude a free trade agreement with the European Union by the end of 2024, Prime Minister Narendra Modi said during his visit to Cyprus.
Moscow’s ambassador in Israel has advised Russian nationals to leave the country as tensions escalate between Israel and Iran, citing security risks and a potential evacuation plan.
Thousands of tourists in Israel find themselves stranded as escalating conflict between Israel and Iran has forced flight cancellations and city lockdowns, turning short vacations into uncertain, prolonged stays.
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