US shutdown threatens air travel chaos as airspace closures loom
Transport secretary warns of mass chaos as government shutdown enters 35th day, with air traffic controller shortages threatening closures and cancellations.
Category : Trade
Iran World Cup base moved to Mexico after Fifa approval
Iran's World Cup base moved from US to Mexico after Fifa approval, citing security concerns and visa issues.
UAE Quits Opec After Six Decades in Blow to Oil Cartel
UAE leaves Opec after six decades, dealing a severe blow to the oil cartel and its de facto leader Saudi Arabia, amid global supply crisis.
Albanese pushes through CGT and negative gearing changes, hints at business exemptions
Albanese presents CGT and negative gearing changes to parliament, with possible business carve-outs. Pre-election tax offsets included. Opposition and Greens react.
UAE Quits Opec in Blow to Oil Cartel Amid Iran War Crisis
UAE quits Opec on 1 May amid Iran war, citing strategic vision and production flexibility. Blow to cartel as Hormuz blockade hampers exports.
Trump’s Greenland Tariff Threats Spark Transatlantic Trade War Fears
Trump threatens tariffs on eight European nations over Greenland, sparking fears of transatlantic trade war and potential EU retaliation.
Bipartisan Senators Press Hegseth Over Delayed Ukraine Aid
Bipartisan senators urge Defence Secretary Hegseth to release delayed $600m Ukraine and Baltic aid, warning of risks to deterrence.
European postal services halt US parcel shipments over Trump tariffs
European postal services suspend most US parcel shipments due to Trump's new import tariffs, citing uncertainty and lack of preparation time. Royal Mail among those halting operations.
Why a century-old naval disaster warns Trump on Hormuz
A 1915 naval disaster in the Dardanelles shows the dangers of forcing a mined strait when the shore is held by the enemy.
IEA Chief Warns Oil Markets Entering ‘Red Zone’ by August
IEA chief Fatih Birol warns oil markets face severe crunch by August due to Iran crisis, low reserves, and high demand.
Trump’s Order to Pay TSA Staff Fails to Quell Airport Chaos
Trump orders payment for TSA workers as staff shortages and resignations cause continued airport chaos across the US.
Fact Check: North Sea Oil and Gas Claims Under Scrutiny
Fact-checking UK government claims on North Sea oil and gas: emissions, energy security, bills, and climate impact.
Trump's oil policy could give Russia billions for Ukraine war
Experts warn Trump's oil policy could give Russia billions more for its war in Ukraine, as crude prices and exports surge.
AB InBev reports beer sales boost ahead of World Cup summer
AB InBev reports unexpected Q1 sales volume growth of 0.8%, driven by beer brands, as it looks to capitalise on the 2026 Fifa World Cup.
European fishing fleets accused of illegal tuna fishing in Indian Ocean
European fishing fleets accused of illegally netting tuna in Indian Ocean, according to NGO reports presented to EU and tuna commission.
Trump's Tariff Threats Rattle Global Markets and Raise Trade War Fears
Donald Trump's tariff threats on Mexico, Canada, and China spark global trade fears, hitting European carmakers and raising concerns for UK and EU economies.
Global Shipping Carbon Levy Delayed After US Pressure Campaign
Global shipping carbon levy delayed for a year after US-led campaign at IMO, with 57 votes for postponement amid accusations of intimidation.
Trump gives EU July 4 deadline to ratify trade deal or face much higher tariffs
Trump gives EU July 4 deadline to ratify trade deal or face much higher tariffs, walks back threat to tear up part of agreement.
End Of US Whisky Tariffs Shows King’s Soft Power
US removes 10% Scotch whisky tariffs after King's state visit, hailed as soft power boost and saving £150m in lost exports.
Which Oil Nation Will Be Next to Follow UAE Out of OPEC?
Analysis of UAE's exit from OPEC and which member might be next, focusing on Saudi Arabia and the cartel's future.
US online shoppers hit with surprise import fees on holiday deliveries
US shoppers face surprise import fees on deliveries after Trump eliminates duty-free exemption, with costs up to $100.
Trump tariffs set to cost US households $1,300 extra per year, study finds
Study shows Trump tariffs to raise average US household costs by $1,300 in 2026, marking largest tax increase since 1993.
Strait of Hormuz Declared Open by Iran but Caution Remains
Iran declares Strait of Hormuz open, but US blockade remains and IRGC imposes restrictions; oil prices fall amid cautious outlook.
EU Cuts Steel Quotas but Grants UK Favorable Terms Amid Post-Brexit Trade Shift
EU halves duty-free steel imports but grants UK smaller quota cut; Tata Steel warns of 60% reduction in exports.
Diet Coke shortage in India linked to Iran conflict and aluminium crunch
Geopolitical tensions in the Middle East cause Diet Coke shortage in India due to aluminium can supply crunch.
Ukraine Strikes Russian Oil Refinery Again In Ceasefire Row
Ukrainian drones strike Russia's largest oil refinery in Siberia; Zelenskyy hails attack as Kyiv pleads for air defences after Russian strikes kill 21 in Kyiv.
Oil Tumbles and FTSE 100 Falls Despite US-Iran Peace Deal Rallying Global Markets
Oil prices fall to three-month low as US-Iran peace deal spurs stock market rallies; FTSE 100 drops 0.4% amid defence and energy losses.
EasyJet Issues New Statement on Flights and Package Holidays
EasyJet reassures UK travellers amid jet fuel crisis: no disruption, full summer schedule, new Book with Confidence Promise.
Trump Proposes New Tariffs on Dozens of Countries Over Forced Labour Claims
US proposes tariffs of 10%+ on imports from dozens of countries, citing forced labour, amid Supreme Court limits.
Chinese Fast-Fashion Factories Brace for Renewed US Trade War
As US-China trade truce expires, Guangzhou’s fast-fashion factories face threat of renewed tariffs up to 145%.
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