Royal Mail's £500m Plan to Improve Delivery Times
Royal Mail unveils a £500 million investment plan to improve delivery performance, including scrapping second-class post on Saturdays and meeting new Ofcom targets by May next year.
Category : Trade
Carney: Canada's US Economic Ties Are a 'Weakness' to Correct
Prime Minister Mark Carney warns Canada's strong economic ties to the US have become a weakness, urging diversification through new trade deals and investment.
Trump Administration Starts Refunding $166bn Tariffs Post-Court Ruling
The Trump administration has launched a digital system to process refunds for over $166bn in tariffs, following a Supreme Court ruling that deemed the tariffs illegal. Businesses can now apply, but consumers may not see direct benefits.
Hungary's PM Magyar Eyes Mid-May EU Deal to Unfreeze Funds
Hungarian Prime Minister Magyar proposes a political agreement with the EU in mid-May, outlining reforms to release billions in frozen EU funds and restore investor confidence.
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Iranian Ship Defies US Blockade in Strait of Hormuz
The Shoja 2 cargo ship is navigating the Strait of Hormuz towards India despite a US blockade of Iranian ports, escalating tensions in the critical oil trade route.
Trump's $166B Tariff Refund Plan for US Companies Has Conditions
Former President Donald Trump has initiated a process to refund $166 billion in tariffs to American companies, but the proposal includes significant stipulations that could impact eligibility and timing.
Trump Tariff Refunds Go to Businesses, Not Consumers
The US government begins processing $166 billion in tariff refunds to importers after a Supreme Court ruling, but consumers who paid higher prices won't benefit directly.
Businesses Start Claiming Refunds for Trump Tariffs
A new portal allows businesses to claim refunds for tariffs imposed during the Trump administration, following a Supreme Court ruling deeming them unconstitutional. Refunds are expected within 60-90 days.
India-South Korea Trade Deal Aims for $50 Billion by 2030
India and South Korea have committed to nearly doubling bilateral trade to $50 billion by 2030, focusing on sectors like AI, defence, and critical minerals to strengthen economic ties.
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Businesses Start Claiming Refunds for Unconstitutional Trump Tariffs
US importers can now claim refunds for tariffs ruled unconstitutional by the Supreme Court, with over $166 billion potentially at stake. The complex process begins via an online portal.
Captain Braves Volatile Middle East Waters as Tensions Rise
Iraqi Captain Rahman Al-Jubouri endures high-risk voyages in the Gulf of Oman and Strait of Hormuz, facing attacks and crew shortages amid escalating US-Iran conflict.
Trump Tariff Refund System Launches Monday for US Businesses
A refund system for billions in tariffs ruled unconstitutional by the Supreme Court opens Monday. Importers can claim refunds via an online portal, with consumer reimbursements potentially following.
Trump's Oil Embargo Darkens Havana's Legendary Nightlife
President Donald Trump's oil embargo on Cuba has plunged Havana into darkness, silencing its vibrant nightlife and deepening a severe economic crisis that residents compare to the 1990s Special Period.
US Backs South Africa Rare Earth Project Amid Tensions
The US is investing $50 million in a South African project to extract rare earth minerals from industrial waste, aiming to reduce reliance on China despite diplomatic clashes.
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Marles Criticises Strait of Hormuz Closure Threatening Fuel Supply
Deputy PM Richard Marles warns the renewed closure of the Strait of Hormuz poses a serious threat to global fuel supplies and Australia's trade-dependent economy, urging diplomatic action.
Iran War Flight Crisis: Summer Travel Tips
As the Iran conflict disrupts oil supplies, jet fuel shortages and soaring airfares threaten summer travel plans. Experts advise booking early, avoiding basic fares, and using points strategically.
US Extends Sanctions Waiver on Russian Oil After Vowing Not To
The US Treasury Department has unexpectedly extended a sanctions waiver for Russian oil shipments, contradicting Secretary Scott Bessent's recent pledge. The 30-day extension aims to address potential shortages from the Iran conflict.
Iran Shuts Strait of Hormuz Again, UK Prepares for Shortages
Iran has reclosed the Strait of Hormuz despite US threats, risking fuel shortages, rising bills, and cancelled flights for British households as the UK government plans emergency measures.
Oil Tankers Pass Through Strait of Hormuz After Iran Opens It
A convoy of oil tankers has successfully transited the Strait of Hormuz, according to vessel tracking data, following Iran's declaration that the strategic waterway is fully open for navigation.
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Australia Pledges Support as Strait of Hormuz Reopens, Fuel Prices to Drop
Prime Minister Anthony Albanese announces Australia's readiness to assist in the Strait of Hormuz reopening, with global oil price drops expected to ease fuel costs for Australians within a week.
European Travel Rules: Rights if You Miss Flight Under EES
The EU's Entry-Exit System (EES) requires biometric data for travel, causing delays and flight risks. Learn your rights and compensation options if affected.
US Extends Russian Oil Sanctions Waiver Amid Iran War
The US Treasury Department has extended a 30-day waiver on sanctions for Russian oil shipments to address shortages from the Iran war, despite Secretary Scott Bessent previously ruling out such a move.
Iran War Supply Chain Crisis: UK Faces Shortages
The escalating conflict in Iran threatens to disrupt global supply chains, potentially causing critical shortages of fuel, food, and pharmaceuticals in Britain within weeks.
Strait of Hormuz Reopens to Commercial Shipping After Tensions
The Strait of Hormuz has reopened to commercial vessels following a period of heightened tensions, allowing vital oil and gas shipments to resume through this key global chokepoint.
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Surprise Tariff Charges Shock US Shoppers at Doorsteps
American consumers face unexpected tariff fees on international deliveries, with drivers demanding payment before handing over parcels. A viral TikTok video highlights growing frustration over who truly pays for tariffs.
Russian Billionaire: Ukrainian Drones Hit Fertiliser Industry Hard
Andrei Melnichenko, founder of EuroChem, states Ukrainian drone attacks are significantly impacting Russia's nitrogen fertiliser production, worsening global food security pressures amid existing trade constraints.
Trump Cheers Oil Price Drop After Iran Opens Strait of Hormuz
Donald Trump hailed a major step toward peace after Iran declared the Strait of Hormuz 'completely open' following Israel's ceasefire with Lebanon, causing oil prices to plummet.
Miliband: Aid Cuts Risk Global Instability Amid Iran War
Former UK foreign secretary David Miliband warns that cuts to overseas aid by nations like the US and UK could worsen global economic shocks and humanitarian crises linked to the Iran war.
Australian Winery Collapses After Pandemic Trade Restrictions
Winemasters SA, a major Riverland contract winery, enters voluntary administration after failing to recover from China's Covid-era trade restrictions and changing consumer habits.
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Canada Post Phases Out Home Mail Delivery to Cut Costs
Canada Post is starting talks with 13 communities to convert 136,000 addresses from door-to-door delivery to community mailboxes, aiming to save $400 million annually amid financial losses.
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