EU Faces New China Shock as Reliance on Imports Grows
Europe faces a fresh China shock as rising imports of components cannibalise local industries, leading to job losses and concerns over industrial colonisation by Beijing.
Category : Trade
Swatch Calms Global Frenzy Over Royal Pop Watch Release
Swatch reassures no shortage of Royal Pop watch after chaotic scenes worldwide, including tear gas in Paris and queues in London, as resale values soar.
Fifa in India to Avert World Cup Blackout Over TV Deal
With the World Cup three weeks away, Fifa officials are in India to finalize a broadcast deal amid pricing disputes, risking millions of fans missing the tournament.
UK Sends Largest Trade Mission to US Amid Crisis
Britain's largest ever business delegation travels to Los Angeles to bolster transatlantic trade, despite political turmoil at home and tensions over the Iran war.
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US Extends Russian Oil Sanctions Waiver 30 Days
Treasury Secretary Scott Bessent announced a 30-day extension for importing Russian oil already in tankers, aiming to ease supply shortages caused by the Iran war and support poorer nations.
Trump fumes over tariff ruling, refunds to 'people who hate us'
President Trump remains angry about the Supreme Court's tariff ruling, complaining he must refund $149 billion to countries he says 'ripped us off'.
Oil Rises, Bonds Wobble on Iran Tensions and UK Politics
Oil prices rose and global bonds wobbled as Iran war stoked inflation fears, while UK gilts faced volatility due to political uncertainty surrounding Prime Minister Keir Starmer's leadership.
China to Boost US Farm Imports After Summit
China has agreed to increase US agricultural imports, including beef and poultry, at an annualized rate of $17 billion for 2026-2028, the White House announced.
Cash Transfers Boost Aid Efficiency by 38% Amid Cuts
A new report finds direct cash assistance can make aid 38% more efficient, crucial as funding per person in need has fallen 35% in two years. The study analyzed $11.4bn in aid spending.
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US Submarine Delays Challenge Aukus Australia Plans
The US Navy admits it won't build two Virginia-class submarines per year until 2032, below the rate needed for Aukus, as costs blow out to $368bn for Australia.
Walmart and Amazon Race for Rural Delivery Dominance
Walmart and Amazon are competing to accelerate deliveries in rural America, a market worth up to $1 trillion annually, as remote work shifts demographics and technology enables faster shipping.
Walmart and Amazon Battle for Rural US with Faster Deliveries
Walmart and Amazon are racing to speed up deliveries in rural America, tapping into a $1 trillion market as remote work reshapes demographics and demand for fast shipping grows.
Trump's China Visit Ends Without Key Trade Breakthroughs
Donald Trump's 2026 China summit failed to secure major trade deals or resolve rare earths disputes, leaving tariffs unresolved and Boeing deal underwhelming.
Channel 5 Gets Commonwealth Games Highlights; BBC Ends 72-Year Run
Channel 5 will air daily Commonwealth Games highlights from Glasgow this summer, while the BBC ends its 72-year coverage streak due to financial pressures and low viewing figures.
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UAE Plans New Oil Pipeline Bypassing Strait of Hormuz by 2027
The UAE announces a second oil pipeline to bypass the Strait of Hormuz, doubling export capacity by 2027 amid ongoing regional tensions and its exit from OPEC.
Trump's Beijing Trip: Trade and Tariffs
During his visit to Beijing, President Trump repeatedly emphasized trade imbalances and tariffs, sparking discussions on US-China economic relations.
UAE Fast-Tracks Oil Pipeline Bypassing Strait of Hormuz
The UAE is fast-tracking a new oil pipeline to bypass the Strait of Hormuz, closed by Iran since February, aiming to double export capacity via Fujairah by 2027.
New Lunar Shortcut Could Slash Moon Mission Costs
Scientists have discovered a new, more fuel-efficient route to the moon using Lagrange points, potentially reducing costs and enabling tourism and mining.
Trump Returns from China with Meagre Gains from Xi
Donald Trump's trip to China yielded no significant trade deals or commitments on Iran, as Xi Jinping played the US president with spectacle and disdain, mirroring the failed Putin summit.
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Iran Lets Malaysian Vessel Transit Strait of Hormuz
A Malaysian-owned support vessel successfully navigated the Strait of Hormuz with Iranian permission, easing tensions amid the US-Iran conflict affecting global energy supplies.
UAE Accelerates Oil Pipeline to Bypass Hormuz
The UAE is speeding up construction of a new pipeline to double Fujairah export capacity by 2027, bypassing the Iran-closed Strait of Hormuz and securing energy exports amid global supply fears.
18th Century Jade Teapot Sells for £2 Million
An 18th century jade teapot crafted for Chinese Emperor Qianlong has sold for £2 million at Sotheby's in Hong Kong, exceeding its top estimate after a fierce bidding war.
Norway Defends Missile Sale Cancellation to Malaysia
Norway revokes export licenses for Naval Strike Missile system to Malaysia, citing tightened defense export controls amid global security shifts.
Trump Settles 'Lot of Problems' With Xi in Beijing
US President Donald Trump claimed his visit to Beijing was 'incredible,' settling trade deals and issues like Iran with Chinese President Xi Jinping.
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Trump Wraps China Visit with Xi Meeting, Trade and Iran Talks
President Trump concluded his Beijing visit with a private meeting at Xi Jinping's residence, discussing trade deals, the Iran war, Taiwan, and agricultural purchases.
India Raises Fuel Prices by 3 Rupees Amid Energy Crisis
India increased fuel prices by 3 rupees per liter to offset losses from higher global oil prices, as the country grapples with supply disruptions and economic pressure.
Saudi Fund Becomes World Cup Supporter, Prioritises Sports
Saudi Arabia's sovereign wealth fund has become an official World Cup supporter, reaffirming its commitment to sports investment despite retreats from other ventures.
Cricket Australia in Talks with Amazon and Dazn Over Ashes Rights
Cricket Australia negotiates with Amazon and Dazn for a four-year UK rights deal covering Ashes tours and the 150th anniversary Test.
Ultimate Sevens: Rugby's £2m Answer to the Hundred
A new rugby sevens tournament, Ultimate Sevens, launches in September with a £2m salary budget, six teams, and a grand final in London to attract younger fans.
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NASA's Psyche Spacecraft Swings Past Mars for Gravity Boost
NASA's Psyche spacecraft is using Mars for a gravity assist, snapping photos as it heads to a rare metal asteroid in 2029.
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