Iran’s First Veep: We support transit routes, peace to foster development
Iran’s First Vice President Mohammad-Reza Aref who is visiting Turkmenistan to take part at a UN-sponsored meeting said Tehran supports development ...
U.S. President Donald Trump is pressing the European Union to unilaterally reduce tariffs on American goods or face the reimposition of steep duties, according to a report by the Financial Times on Friday.
The push adds renewed urgency to fraught trade negotiations between Washington and Brussels as both sides seek to avert escalating tensions.
According to the report, U.S. Trade Representative Jamieson Greer is expected to inform European Trade Commissioner Maros Sefcovic on Friday that a recent “explanatory note” submitted by the EU to guide ongoing discussions falls short of U.S. demands. The U.S. is reportedly insisting on tariff concessions before it will continue talks aimed at avoiding additional 20% "reciprocal" tariffs.
The Financial Times also noted that while the EU has proposed establishing a jointly agreed framework for negotiations, the two sides remain far apart, and prospects for near-term agreement appear slim. Reuters has not independently verified the contents of the FT report, and neither the European Commission nor the Office of the U.S. Trade Representative has issued immediate comments.
The backdrop to the current talks includes a series of U.S.-imposed tariffs on EU goods: 25% on cars, steel, and aluminum since March, and an additional 20% on a broader range of products introduced in April. The White House later halved the 20% rate, giving negotiators a 90-day window, expiring July 8, to reach a comprehensive trade agreement.
In response, the 27-nation European Union paused its plans to impose retaliatory tariffs and proposed a mutual elimination of duties on industrial goods, seeking to de-escalate the dispute.
The standoff has added pressure to broader transatlantic economic relations and cast doubt on the prospects for a stable trade environment as both sides navigate domestic political considerations and global economic headwinds.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
South Korea announced on Tuesday that North Korea has shown no signs of dismantling its own border loudspeakers, even after Seoul began removing its devices as a goodwill gesture to reduce tensions.
On Tuesday, massive crowds filled the streets of Dhaka with flags, placards, and chants to mark the first anniversary of the 2024 uprising that forced Prime Minister Sheikh Hasina into exile.
A sudden tornado hit a village in Inner Mongolia, damaging tourist yurts but leaving no casualties, as emergency teams quickly restored power and completed cleanup.
Torrential rain and lightning storms battered Hong Kong and the Pearl River Delta on 5 August, causing severe flooding that closed hospitals and schools while turning staircases into rushing waterfalls.
Israeli Prime Minister Benjamin Netanyahu is reportedly preparing for a full military takeover of the Gaza Strip, with reports suggesting a final decision has already been made and implementation plans will be discussed at a key war cabinet meeting on Tuesday.
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