Australia and Singapore sign landmark fuel supply deal
Australia and Singapore sign landmark fuel supply deal, with Singapore pledging not to cut petrol exports amid global energy crisis.
Category : Trade
Harley-Davidson Recalls 17,000 Motorcycles Over Brake Failure Risk
Harley-Davidson recalls nearly 17,000 motorcycles over rear brake failure risk. Owners to be notified from May 18.
Damaged Russian Tanker Drifts Into Libyan Waters, Raising Environmental Fears
Damaged Russian LNG tanker Arctic Metagaz drifts into Libyan waters after suspected drone attack, sparking fears of ecological disaster.
Thailand Slashes Visa-Free Stays for UK Tourists Amid Crime Concerns
Thailand cuts visa-free stays for UK tourists from 60 to 30 days amid crime concerns, impacting travel.
UAE Quits Opec After Six Decades, Weakening Cartel Amid Iran Crisis
UAE leaves Opec after 60 years, weakening the cartel and handing a win to Trump amid tensions with Saudi Arabia and the Iran crisis.
Oil Prices Plummet and Markets Soar as US-Iran Peace Deal Heralds Hormuz Reopening
Oil prices hit three-month low and stock markets record high as US-Iran peace deal sparks hope for Hormuz reopening.
Trump Threatens UK with 'Big Tariff' Over Digital Services Tax
Donald Trump threatens to impose a 'big tariff' on the UK unless it drops its digital services tax, straining US-UK relations.
EU Signals Openness to UK Customs Union Talks Amid Labour Pressure
The European Commission has indicated it is open to discussing a customs union with the UK, as Labour MPs push for closer ties.
UK Pet Owners Warned Against Using EU Pet Passports to Bypass Health Certificates
British pet owners warned not to use EU pet passports as cheaper alternative to animal health certificates when travelling to EU due to risk of refusal.
Reform UK Courts Steel Industry with Alternative Strategy
Reform UK asks steel bosses to draft alternative strategy, scrapping net zero, as party targets former Labour heartlands ahead of local elections.
UK airlines given green light to cancel or consolidate flights to conserve jet fuel
UK airlines can cancel or consolidate flights this summer to save jet fuel due to Middle East disruption, with new slot rules and advance notice for passengers.
Condom Prices to Rise Up to 30% as Iran War Disrupts Supply, Says Top Producer Karex
World's top condom maker Karex warns of 20-30% price rise due to Iran war supply chain disruptions, with demand up 30% and shipping delays worsening shortages.
Rachel Reeves Suspends Food Tariffs to Cut Shop Costs
Chancellor Rachel Reeves announces free bus rides for children and food tariff cuts in living costs package, following fuel duty freeze.
Trump Threatens Harley-Davidson with 'Big Tax' Over Overseas Production Move
Donald Trump has threatened Harley-Davidson with a 'big tax' after the motorbike company said it would move some production overseas to avoid EU tariffs.
Trump Announces Trade Deal with Japan, Claims It Will Create Hundreds of Thousands of Jobs
Trump announces trade deal with Japan, reducing tariffs to 15% and securing $550bn investment, but US automakers express concern over terms.
India and New Zealand Sign Free Trade Deal to Deepen Economic Ties
India and New Zealand have signed a free trade agreement to boost bilateral trade, cut tariffs, and foster investment amid global trade disruptions.
Trump's New 10% Global Tariff Takes Effect, Offering 'Relief' for UK Businesses
Trump's 10% global tariff takes effect, offering UK firms relief from threatened 15%, but uncertainty persists as FedEx sues and EU pauses trade deal.
UK Steel Industry Faces ‘Existential Threat’ from EU Tariffs
EU's 50% steel tariffs threaten UK industry, with UK Steel calling it an 'existential threat' as no UK exemption is included.
‘Too much risk’: Britons alter holiday plans amid Iran war fears
Britons change holiday plans due to Iran war fears: flight cancellations, petrol shortages prompt shifts to rail and overland travel.
US and South Korea Agree Trade Deal Cutting Steel Tariffs to 15%
US and South Korea finalise trade deal with 15% tariff on steel and other goods, avoiding higher 25% rate. Both sides announce investment package.
Trump and von der Leyen announce US-EU trade deal
Trump and von der Leyen announce a US-EU trade deal after talks at Turnberry, imposing a 15% baseline tariff and averting a trade war.
Trump Targets UK and EU Allies With Tariffs Over Greenland Row
Trump announces 10% tariffs on UK and six EU states from 1 February over Greenland opposition, sparking condemnation from European leaders and protests.
Iran Shuts Strait of Hormuz Again; UK Prepares for Shortages
Iran's blockade of the Strait of Hormuz threatens UK food and medicine supplies; global talks underway.
US tariff win for UK minimal compared to Brexit losses, data shows
Analysis shows UK's US tariff advantage minimal compared to Brexit trade losses, while India deal adds only 0.13% to economy.
Sea Mines Threaten Global Trade as Iran Tensions Escalate
US intelligence says Iran has laid mines in the Strait of Hormuz amid rising tensions, threatening global trade. Modern mines, detection challenges, and UK involvement outlined.
US Extends Russian Oil Sanctions Waiver Amid Iran War
US extends Russian oil sanctions waiver by 30 days to aid energy-vulnerable countries amid Iran war supply crunch.
Trump Tariff Refunds: US Businesses Can Reclaim Billions
US importers can claim refunds on Trump-era tariffs. Process requires original broker, refunds within 90 days, but taxes may apply.
US car giants face uphill battle in Japan despite trade deal
US-Japan trade deal unlikely to boost American car sales in Japan due to size, reliability, and lack of right-hand drive models.
Trump Administration Vows to Crack Down on Chinese AI Exploitation
Trump administration vows crackdown on Chinese firms exploiting US AI models via distillation, amid concerns over China's rapid AI advancements.
Trump's Tariffs Present Both Political and Economic Risks, Analysis Warns
Donald Trump's tariff deadline of 1 August brought last-minute deals and court challenges, highlighting political motivations and economic risks.
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