Hong Kong Firm Seeks $2B Over Panama Port Takeover
A Hong Kong-based company's subsidiary is pursuing $2 billion in damages from Panama after the government seized control of two critical Panama Canal ports, declaring the takeover illegal.
Category : Trade
US Weighs More Russian Oil Sanctions Relief Amid Iran War
US Treasury Secretary Scott Bessent says the Trump administration is considering lifting sanctions on additional Russian oil to ease market pressures as Iran conflict drives global prices sharply higher.
Trump's Spain Trade Threat: EU Legal Realities
Donald Trump's threat to cut all trade with Spain faces significant legal hurdles due to EU trade policy integration. The European Union functions as a single trading bloc, making isolation of individual members practically impossible under current framew
New Tariff Refund Process Could Be Ready in 45 Days, Says CBP
A US Customs and Border Protection official states a new system to refund billions in illegal tariffs could be operational within 45 days, aiming to simplify claims for hundreds of thousands of importers.
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US Allows India Russian Oil Imports for 30 Days
The US Treasury Department permits India to purchase Russian oil for one month, providing Moscow with financial relief as oil prices surge due to Middle East tensions.
Hormuz Closure: Food Crisis Looms Beyond Oil Fears
A sustained closure of the Strait of Hormuz would trigger a severe fertiliser shock, threatening global food production and security far more than energy market disruptions.
Judge to Discuss $175bn Tariff Refunds After Court Ruling
A US judge will meet with customs lawyers to plan refunds of up to $175bn in illegal Trump tariffs, following a Supreme Court decision that struck down the levies but left repayment details unclear.
Italy Wins Claim Against Spanish Restaurant Chain 'The Mafia'
An Italian court has ruled in favour of Italy's claim against a Spanish restaurant chain named 'The Mafia Sits at the Table', ordering it to cease operations under that name due to cultural insensitivity and trademark infringement.
Maersk Halts Routes as Iran Conflict Disrupts Supply Chains
Shipping giant Maersk suspends two major Middle East routes, with 150 ships trapped in the Persian Gulf, causing port congestion and soaring freight rates globally.
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Trapped Tanker Crews in Gulf as Iran Closes Strait of Hormuz
Thousands of seafarers are stranded on tankers in the Gulf after Iran's threats effectively closed the Strait of Hormuz, causing global oil price surges and leaving crews in a war zone.
US Grants India 30-Day Waiver for Russian Oil Amid Hormuz Crisis
The United States has issued a 30-day waiver allowing Indian refiners to purchase Russian oil without tariff penalties, as disruptions at the Strait of Hormuz threaten global energy supplies.
US Grants India Waiver to Buy Russian Oil Amid Iran War
The US Treasury issued a 30-day waiver allowing India to buy Russian oil stranded at sea, calling it a stopgap to ease global supply disruptions from the Middle East conflict.
Venezuela Offers Security Assurances to Mining Companies
US Interior Secretary Doug Burgum reports Venezuela is providing security guarantees to attract foreign mining investment in high-risk, mineral-rich regions, as part of US efforts to counter China's influence.
US-Mexico Trade Talks Start March 16 Before USMCA Review
The United States and Mexico will begin bilateral trade negotiations on March 16, preceding a scheduled review of the USMCA free trade agreement that has stabilized commerce despite Trump's tariff policies.
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Trump Administration Sued Over Tariff Policies
A lawsuit has been filed against the Trump administration, alleging that its tariff policies violate international trade laws and harm domestic industries.
EU Bans Meaty Names for Vegan Foods, Spares Veggie Burgers
EU lawmakers have agreed to prohibit 31 meat-related names like steak and bacon for vegetarian products, though veggie burgers and meat-free sausages remain exempt.
NY Leads 20+ States Suing Trump Over New Global Tariffs
New York Attorney General Letitia James and over 20 Democratic-led states are suing President Trump to block his recently imposed 15 percent global tariffs, arguing they unlawfully raise costs for consumers and small businesses.
New York Leads States Suing Trump Over New Global Tariffs
Democratic-led states, led by New York Attorney General Letitia James, are suing President Donald Trump to block newly imposed 15% global tariffs, arguing they are illegal after a Supreme Court ruling struck down his earlier tariff agenda.
Hormuz Closure Threatens Global Food Security Via Fertiliser Crisis
A sustained closure of the Strait of Hormuz would trigger a fertiliser shock, disrupting global agriculture and threatening food security far beyond energy market impacts.
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Judge Orders $130bn Refunds for Illegal Trump Tariffs
A US trade court judge has mandated refunds with interest for over $130bn in tariffs deemed unlawful by the Supreme Court, impacting thousands of importers.
Russia Benefits from Trump's Iran War as India and China Need Oil
The closure of the Strait of Hormuz due to conflict is driving India and China to increase Russian oil imports, making Moscow a major beneficiary despite US pressure.
Iran Attacks in Strait of Hormuz Risk Global Economy
Iran's military actions in the Strait of Hormuz, a key oil and gas route, have slashed maritime traffic by up to 94%, sparking fears of supply chain chaos and soaring crude prices.
Brazil Ratifies EU-Mercosur Trade Deal Unanimously
Brazil's Senate has unanimously ratified the EU-Mercosur free-trade agreement, following lower house approval, moving the long-negotiated deal closer to implementation for a market of over 700 million people.
Elon Musk Testifies in Twitter Stock Manipulation Trial
Elon Musk testified in a civil trial where Twitter investors allege he manipulated stock prices before his 2022 purchase. The case centres on claims of securities fraud and could impact other legal actions against the billionaire.
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US Spirits Exports to Canada Drop 63% After Trump Tariffs
American alcohol exports to Canada have fallen dramatically since President Trump imposed tariffs, with Kentucky bourbon among the hardest hit. Canadian retailers in eight provinces still refuse to stock US spirits.
Middle East Crisis Drives Up UK Petrol and Global Prices
The Middle East conflict disrupts supply chains, causing petrol price hikes in the UK and rising costs for flights, groceries, and insurance, with warnings of further increases.
53 Cars Face £5,690 Tax in 2026 - Full List and Saving Tip
A new list reveals 53 car models that will incur a £5,690 first-year Vehicle Excise Duty from April 2026. Experts outline a £1,000 saving strategy by checking CO₂ emissions carefully.
Middle East Conflict Disrupts Global Shipping and Ports
The ongoing Middle East conflict is severely impacting maritime and port workers worldwide, causing shipping delays, increased costs, and heightened safety concerns in global trade routes.
Judge Upholds Manhattan Congestion Toll Over Trump's Objections
A federal judge has blocked the Trump administration's efforts to halt New York's congestion fee, ruling it legal and effective in reducing traffic and funding transit.
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China Calls for Hormuz Vessel Protection as Shipping Costs Soar
China demands safety for ships in the Strait of Hormuz as Iran tensions disrupt global trade, pushing tanker rates to $424,000 a day and threatening oil supplies.
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