Sanctions-hit Russia delivers just one of 15 planned commercial jets in 2025
Russia’s aircraft industry has produced only one of 15 scheduled commercial jets this year, data shows, as sanctions, supply chain gaps and rising i...
European Commission President Ursula von der Leyen has proposed using closer cooperation with Pacific rim countries as a foundation to redesign the World Trade Organization (WTO), citing rising trade tensions and global fragmentation.
Speaking after an EU summit on Thursday, Ursula von der Leyen said the European Union and Pacific countries share a strong interest in structured trade cooperation, which could help revive the struggling WTO.
"The Asian countries want to have a structured cooperation with the European Union and the European Union wants the same," she told reporters. "Therefore, I said that we can think about this as a beginning of redesigning the WTO."
She added that such efforts would "show to the world that free trade with a large number of countries is possible."
Von der Leyen pointed to ongoing cooperation with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes Australia, Canada, Chile, Singapore and others, as a potential model for wider global trade reform.
The WTO has faced growing challenges amid a wave of U.S. tariffs under President Donald Trump and increasing geopolitical rifts that have stalled consensus on trade rules.
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.
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 resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
U.S. Vice President JD Vance has arrived in the UK for a working visit with Foreign Secretary David Lammy, as political tensions and protests loom over U.S. foreign policy.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of August, covering the latest developments you need to know.
Australia has warned Israel against taking full military control of Gaza, saying the move would worsen the humanitarian crisis and breach international law.
Archaeologists in northern Peru have uncovered 14 skeletons buried face down at the ancient Puemape temple, shedding new light on early ritual practices and ancestor worship on the coast.
At least four people have died after a Kenya Railways Corporation train and a staff bus belonging to the Kenya Pipeline Company (KPC) collided at a railway crossing near the Morendat Training and Conference Centre in Naivasha on Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment