UK to Introduce Carbon Border Tax on Steel and Cement Imports from 2027
UK to impose carbon tax on steel, cement imports from 2027 to curb carbon leakage, but industry warns delay risks dumping.
Category : Trade
England Women Face Spain in Crucial World Cup Qualifier
England can qualify for the 2027 Women's World Cup with a draw against Spain in Mallorca. Live on ITV 1 from 8pm BST.
Birkenstock to Absorb Trump Tariffs, Avoid Price Hikes
Birkenstock says it will absorb US tariffs rather than pass costs to customers, with selective price increases and efficiency measures.
Gold Price Eases After Trump Exempts Bars From Tariffs
Gold price falls after Trump exempts bars from tariffs, easing uncertainty and relieving Swiss bullion market.
Trump’s Iran War Exposes US Shift to Chaos Arbiter
US war in Iran disrupts global energy markets, hitting Asia and Europe hard while US economy shows resilience, marking a shift from global guardian to chaos arbiter.
Ukraine Drones Strike Russian Oil Refinery 2,000 km Away
Ukrainian drones hit an oil refinery in Russia's Tyumen region, over 2,000 km from Ukraine. Zelenskyy confirms new 3,000 km range drones. Crimea also under attack.
Trump Ends Canada Trade Talks Over Reagan Ad
Trump ends all trade negotiations with Canada after Ontario ad uses Reagan quote criticising tariffs, sparking a new trade dispute.
Royal Mail 'Chaotic' as Workers Told to Prioritise Parcels Over Hospital Letters, Union Warns
CWU warns Royal Mail workers told to leave hospital letters to prioritise parcels, creating 'chaotic' service. Owner Kretinsky denies management decision to prioritise parcels.
Southwest Airlines Faces Backlash Over Plus-Size Passenger Policy
Southwest Airlines faces backlash over its 'Customer of Size' policy requiring plus-sized passengers to buy a second seat. The airline may be walking back changes after viral TikTok claims.
Trump Administration Labels Australia's Media Law 'Foreign Extortion'
Trump administration calls Australia's media bargaining law 'foreign extortion' as PM Albanese defends plan to make tech firms pay for news.
Trump's Oil Embargo Darkens Havana's Legendary Nightlife
Despite US oil blockade and sanctions, a trickle of tourists still visit Cuba, though tourism has plummeted and locals struggle.
Iran Seizes Two Ships in Strait of Hormuz, Calls Reopening 'Impossible'
Iran seizes two ships in Strait of Hormuz, calls reopening 'impossible' amid US blockade, escalating global economic crisis.
Greenland PM Insists Sovereignty Non-Negotiable as Trump Claims ‘Total Access’ Deal
Greenland PM says sovereignty non-negotiable after Trump claims Nato deal gives US total access to the Arctic island.
Mars, Cadbury and Nestlé Among Chocolate Brands Criticised for Cocoa Sourcing
Ethical Consumer report criticises Mars, Cadbury, Nestlé for inadequate cocoa sourcing; only 17 of 82 brands ensure farmers earn living wage.
Trump Imposes 25% Tariff on AI Chips, Citing National Security
Trump imposes 25% tariff on AI chips like Nvidia H200 and AMD MI325X, citing national security. Exemptions apply for datacentres and consumers.
Houthis Launch Second Wave of Strikes on Israel as Iran Targets Gulf States
Houthis strike Israel again; Iran targets Gulf states; global fuel crisis deepens as war impacts energy supplies.
Royal Mail Suspends All US Parcel Services Over Tariffs
Royal Mail suspends US parcel services due to new US import tariffs, joining other European postal operators in halting shipments amid uncertainty.
Two Million Airline Seats Cut Amid Jet Fuel Crisis
Two million airline seats cut globally in May due to soaring jet fuel prices amid Middle East conflict, with UK warned of potential summer shortages.
Venezuela Debates Mining Bill to Attract Foreign Investment
Venezuelan lawmakers debate a mining bill to attract foreign investment, regulate the industry, and boost critical mineral production amid improved US relations.
Nato Chief Urges 'Thoughtful Diplomacy' After US Treasury Secretary's Jibe at Denmark
Nato chief urges diplomacy after US Treasury Secretary calls Denmark 'irrelevant' amid Greenland tensions at Davos.
Kentucky Bourbon Industry Faces Paradox of Production Cuts and Billion-Dollar Expansion
Kentucky bourbon distillers cut production amid falling demand but invest billions in expansion, facing tariff and inflation headwinds.
Ireland to Ban Goods from Israeli Settlements by Mid-July
Ireland plans to pass a law by mid-July banning goods from Israeli settlements in the West Bank, citing settler violence and international law.
EU Entry-Exit System Delays May Persist for Two Years, Official Warns
EU border system delays may persist for two years, official warns, raising fears of summer travel chaos and dampening holiday bookings.
Trump Claims India Will Stop Buying Russian Oil, Announces Tariff Cuts
Trump says India will stop buying Russian oil after call with Modi, announces US tariff cuts on Indian exports from 25% to 18%.
NextEra to buy Dominion in $67bn deal creating US utility giant
NextEra to buy Dominion in $67bn deal, creating largest US regulated utility serving 10m customers amid AI-driven power demand surge.
Oil Prices Rise and Bonds Wobble as Iran Tensions and UK Politics Stoke Uncertainty
Oil prices rise and bonds wobble amid Iran tensions and UK political uncertainty, with Brent crude hitting $111 and gilt yields reaching 5.19%.
US Treasury Demands FT Retract Story on Federal Reserve Oversight
US Treasury demands FT retract story on Bessent's Fed oversight views, calling it 'manufactured'.
Saudi Princes and Ministers Detained in Anti-Corruption Purge
Saudi Crown Prince Mohammed bin Salman detains 11 princes, ministers, and billionaire Prince Alwaleed in anti-corruption purge, consolidating power.
Ricardo Santos Joins Sheffield Wednesday from Swansea City
Swansea City defender Ricardo Santos has joined Sheffield Wednesday for an undisclosed fee after struggling for game time, making only one appearance for the club.
Man United Face Reduced Greenwood Windfall as UEFA Punish Marseille
Manchester United could receive less than expected from Mason Greenwood's sale due to UEFA financial sanctions on Marseille, potentially forcing a cheap transfer.
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