Oil rises on Red Sea attacks, copper tariff concerns, lower US production
Oil prices climbed on Wednesday, maintaining their highest levels since June 23, lifted by attacks on shipping in the Red Sea, along with concerns ove...
Canadian Prime Minister Mark Carney and U.S. President Donald Trump agreed Monday to work toward finalizing a new economic and security deal within 30 days, despite ongoing disagreements over tariffs.
The announcement followed their meeting at the G7 Leaders' Summit in Alberta, where Trump reiterated his support for tariffs, calling himself "a tariff person". Canada, the top supplier of steel and aluminium to the U.S., faces tariffs on these metals and auto exports, which remain a sticking point in negotiations.
Carney, elected on a promise to oppose Trump’s tariffs, has pushed for a deal that eliminates trade barriers. His office confirmed the timeline for the agreement but declined to clarify whether Canada had accepted the continuation of some U.S. tariffs.
Optimism for a quick resolution has waned recently, with Canadian officials noting the U.S. appears in no rush. Canada’s ambassador to Washington, Kirsten Hillman, emphasized the goal of a tariff-free agreement but acknowledged talks are ongoing.
Trump suggested the tax hikes must remain part of any deal, stating, “I have a tariff concept. Mark has a different concept. We're going to see if we can get to the bottom of it."
Negotiations will proceed as both nations strive to reach an agreement within the 30-day timeframe.
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.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
Red Bull have sacked team principal Christian Horner and appointed Laurent Mekies as the Briton's replacement, the Formula One team announced on Wednesday.
Shipments of antimony to the United States have jumped to more than 3,800 tonnes in five months via Thailand and Mexico, customs data show, as buyers find back-door routes around Beijing’s export ban on critical minerals bound for the U.S.
The Kremlin says it remains calm after Donald Trump’s criticism of Vladimir Putin, expressing hope for ongoing dialogue with Washington despite rising tensions.
The European Union is pressing Washington to roll back punitive tariffs on its exports and to promise no new duties, a senior law-maker said on Wednesday, as negotiators race to finalise a framework accord by 1 August.
The European Court of Human Rights ruled on Wednesday that Russia committed multiple breaches of international law in Ukraine — including responsibility for the 2014 downing of Malaysia Airlines Flight 17 — its first such verdict since Moscow’s 2022 invasion.
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