Australia Threatens Meta, Google, TikTok with Tax Over News
Australia proposes new law forcing tech giants to pay news publishers or face a 2.25% tax on local revenue, aiming to revive commercial deals.
Category : Trade
Which Oil Nation Will Be Next to Follow UAE Out of Opec?
The UAE's exit from Opec raises questions about the cartel's future. With Iran closing the Strait of Hormuz, oil prices soar, but the cartel's influence wanes as members consider their options.
Trump Warns Iran 'No More Mr Nice Guy' Over Nuclear Deal
Donald Trump escalates threats against Iran, calling for a nuclear deal as oil prices surge amid tensions in the Strait of Hormuz.
Australia Plans Tax on Tech Giants for News Funding
Australia unveils draft legislation to impose a 2.25% levy on tech giants' revenue if they fail to pay news publishers for journalism, aiming to raise up to $179 million annually.
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Wizz Air CEO Warns Airlines Risk Closure by September
Wizz Air CEO József Váradi warns European airlines could face closure by September if jet fuel prices remain high, citing strain on liquidity and potential bankruptcies.
Ferragamo Expands Leather Traceability Amid EU Rules
Italian luxury brand Ferragamo maps country of origin for most leather used in its products, a key step in traceability as EU sustainability rules tighten.
Trump Labels Australia's Media Law 'Foreign Extortion'
The Trump administration has described Australia's plan to make tech giants pay for news as extortion, but PM Albanese defends the levy, citing protection of intellectual property.
UK Exports to Middle East Drop 20% Since Iran War
UK exports to the Middle East have fallen 20% since the Iran war began, with trade routes disrupted and costs rising, according to the British Chambers of Commerce.
Oil Prices Fall as UAE Quits OPEC Amid Iran War Crisis
Oil prices declined after the UAE announced exit from OPEC amid the Iran war and Strait of Hormuz closure. Asian stocks mostly rose despite Wall Street losses.
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Asian Stocks Rise, Oil Falls After UAE OPEC Exit
Asian stocks mostly rose on Wednesday, while oil prices fell after the UAE said it would leave OPEC. Markets eye Fed decision and US-Iran talks.
GM Demands Trump Tariff Refund
General Motors has requested a refund of tariffs paid on imported steel and aluminum, arguing the taxes harm US automakers and violate trade rules.
Australia's NBI: A Model for Tech Regulation?
Australia's News Bargaining Incentive (NBI) offers a unique approach to compel tech platforms to pay for news. Could this model work globally?
UAE to Leave OPEC in Major Blow to Oil Cartel
The United Arab Emirates will exit OPEC on May 1, reducing the cartel's leverage over global oil markets and deepening rifts with Saudi Arabia.
UAE Leaves OPEC, Shaking Up Global Oil Alliance
The UAE's decision to leave OPEC disrupts the 65-year-old cartel that controls 40% of world oil production, with potential long-term effects on prices despite current Strait of Hormuz blockade.
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Amazon Expands OpenAI Partnership as Microsoft Ties Loosen
Amazon announced a major expansion of its partnership with OpenAI, as the AI company loosens ties with longtime backer Microsoft. OpenAI CEO Sam Altman highlighted the collaboration with AWS.
UAE quits OPEC amid tensions with Saudi Arabia
The United Arab Emirates announced its departure from OPEC, weakening the cartel's influence. The move reflects tensions with Saudi Arabia and the UAE's desire to increase oil production.
Kazakhstan Redirects German-Bound Oil to Russian Ports
Kazakhstan will reroute crude oil from Germany to Russian ports after Moscow halted flows, affecting the PCK Schwedt refinery and raising global supply concerns.
Moore open to Rangers return but Spurs future unclear
Mikey Moore is open to returning to Rangers on loan next season, but Tottenham's uncertain future and new manager plans could complicate the move.
UAE to Leave OPEC After Six Decades of Membership
The United Arab Emirates has announced its withdrawal from OPEC, effective May 1, after 60 years. The move aims for greater production flexibility amid Middle East energy disruptions.
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UAE Leaves Opec After Six Decades Amid Middle East Crisis
The United Arab Emirates has announced its departure from Opec after 60 years, citing national interest and market needs amid volatility from the US-Israeli war with Iran.
Trump lifts mining ban near Boundary Waters
President Trump has lifted a federal mining ban near Minnesota's Boundary Waters, allowing a Chilean company to seek permits for copper and nickel extraction.
UAE Leaves OPEC After 59 Years Amid Middle East Crisis
The UAE has announced its departure from OPEC effective May 1, ending 59 years of membership amid Middle East energy supply shocks and production quota frustrations.
UAE to Leave OPEC Amid Middle East Energy Shock
The United Arab Emirates has announced its departure from OPEC after nearly six decades, citing national interest and market needs amid the US-Israeli war with Iran and Strait of Hormuz disruptions.
Middle East Crisis Could Cost World $1tn, Oil Firms Profit
Analysis reveals Middle East conflict may cost global economy $1tn while oil companies see huge profits. Climate group urges windfall tax on excess fossil fuel profits.
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UAE Quits OPEC in Major Blow to Oil Cartel
The United Arab Emirates has left OPEC, weakening the oil cartel and its de facto leader Saudi Arabia amid the Iran war, a win for Trump who accused OPEC of inflating prices.
McDonald's Launches Crafted Beverages to Rival Starbucks
McDonald's will launch six crafted beverages in US restaurants on May 6, joining KFC, Wendy's and Taco Bell in upgrading drinks to attract customers from Starbucks and Dutch Bros.
Croatia, Bosnia Sign Pipeline Deal to Cut Russian Dependence
Croatia and Bosnia signed an agreement to build a gas pipeline reducing Russian energy dependency, with US support and a potential $1.5 billion investment.
Turkish Airlines Suspends 18 Routes from May 2026
Turkish Airlines suspends 18 international routes between May and June 2026, affecting flights from Istanbul to destinations across Europe, Africa, Asia, and the Middle East.
Trump Plans New Tariffs as Americans Face High Costs
The Trump administration is expected to announce a fresh round of tariffs under Section 301, targeting economies over forced labor and overproduction, as Americans struggle with inflation.
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Skyscanner Unveils Top 10 Cheapest Summer Destinations 2026
Skyscanner's 2026 Smarter Summer Report lists Dortmund as the cheapest destination at £62, followed by Cork and Luxembourg, with tips on saving by choosing alternative spots and flying on cheaper days.
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