Japan’s PM Ishiba expected to resign after election setback
Japanese Prime Minister Shigeru Ishiba is expected to resign by the end of next month following a major electoral defeat at the weekend, local media r...
With looming US tariff hikes on steel, the UK is pushing for a swift implementation of a trade deal meant to protect £400mn in exports and safeguard industry jobs.
UK Business and Trade Secretary Jonathan Reynolds is set to press the Trump administration next week to fast-track implementation of a deal that would eliminate tariffs on British steel exports, as the US prepares to double global steel tariffs to 50%.
British officials admit there is still no clear understanding of how President Trump's new tariffs — effective from Wednesday — will impact the UK's £400mn in steel exports to the US. Despite the urgency, they acknowledge that enacting trade deals usually takes months.
The UK and US signed a non-binding Economic Prosperity Deal on May 8, which includes US tariff cuts on UK steel, aluminium, and vehicles. However, none of the changes have yet come into effect.
Reynolds will meet US trade representative Jamieson Greer in Paris during an OECD event to discuss implementation timelines. The UK is also lobbying for accelerated progress on a separate deal to lower tariffs on British car exports.
Industry leaders are warning of severe consequences if the US tariff hike proceeds without relief for UK producers. Gareth Stace of UK Steel called the potential 50% tariff “a body blow,” citing uncertainty over whether the US will remain a viable export market.
The UK government confirmed it is working to ensure businesses benefit from the deal swiftly and that the Economic Prosperity Deal will be presented to parliament. But trade experts warn that Trump’s court battles may delay progress on the agreement.
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.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
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.
Japanese Prime Minister Shigeru Ishiba is expected to resign by the end of next month following a major electoral defeat at the weekend, local media reported on Wednesday. His departure would open a leadership contest within the ruling Liberal Democratic Party.
U.S. President Donald Trump says Paramount Global has wired $16 million to resolve his lawsuit alleging that CBS programme ‘60 Minutes’ doctored an interview with former vice-president Kamala Harris.
Türkiye and Vietnam have signed a new defence cooperation protocol on Tuesday during the 17th International Defence Industry Fair (IDEF) 2025 in Istanbul, marking a significant step forward in bilateral military ties.
Russia’s car imports have dropped by 63% in the first six months of 2025 compared to the same period last year, falling to 149,300 units, according to data released by Russian automotive analytics agency Avtostat.
President Donald Trump announced on Tuesday that he may soon travel to China for a meeting with Chinese President Xi Jinping, describing the potential trip as happening in the 'not-too-distant future.'
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