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.
Category : Trade
Iran Strait of Hormuz Closure Sparks Global Oil Crisis
Iran's closure of the Strait of Hormuz has halted tanker traffic, stranding ships and causing oil prices to surge, with experts warning of prolonged economic impacts.
59 Cars to Pay £5,690 Tax from April in VED Increase
A total of 59 models from 24 manufacturers, including Ford, BMW, and Mercedes, will be hit with a £5,690 first-year Vehicle Excise Duty charge from April 1, as the Government raises rates for high-emission vehicles.
Court Rejects Trump's Delay Bid for Tariff Refunds
A federal appeals court has dismissed the Trump administration's request for a 90-day delay in refunding billions in tariffs, advancing a complex process that could cost up to $175 billion.
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Court Rejects Trump Delay on Tariff Refunds After Illegal Ruling
A federal court has denied the Trump administration's attempt to slow refunds for billions in illegal tariffs, advancing a complex process that could cost the government up to $175 billion.
Iran Attacks Disrupt Hormuz Shipping, Fuel Inflation Fears
Iran's counterstrikes have halted shipping in the Strait of Hormuz and damaged Middle East refineries, driving up oil prices and stoking inflation risks globally.
Super-Rich Pay £260k for Private Jet Evacuations via Saudi Arabia
High-net-worth individuals are fleeing the Middle East on private jets costing up to £260,000, with Saudi Arabia emerging as a key exit route amid regional tensions and attacks.
Canada-India Uranium Deal Signals Diplomatic Reset During Carney Visit
Canada and India have signed a $1.9bn uranium supply agreement, marking a reset in relations after a diplomatic row over a Sikh separatist's killing. Prime Minister Mark Carney called it 'a new era of partnership' during his historic Delhi visit.
India-Canada Economic Partnership Reset After Years of Strain
India and Canada have agreed to strengthen economic ties, aiming for $50 billion in bilateral trade by 2030, following two years of diplomatic tensions over Sikh activist allegations.
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Emirates, Etihad Refunds for Middle East Flight Disruptions
Emirates and Etihad provide full refunds and rebooking options as Middle East airspace closures strand thousands of Australian travellers. Experts advise against self-cancellation to avoid losing refund eligibility.
Supreme Court Decides Trump Tariff Refund Case for Firms
The US Supreme Court has issued a landmark ruling on refunds for businesses affected by Trump-era tariffs, impacting thousands of companies and international trade dynamics.
Iran Strikes Tanker, Halts Hormuz Shipping, Oil Prices Threatened
A tanker burst into flames after an Iranian strike, halting shipping in the vital Strait of Hormuz and threatening global oil price surges as markets brace for volatility.
Trump's Iran Strikes Speed Up Global Dollar Decline
Donald Trump's military action against Iran fuels a drift from US currency dominance, as nations seek alternatives amid geopolitical instability and economic sanctions.
Iran Closes Strait of Hormuz After US-Israel Attacks
Iran has reportedly closed the Strait of Hormuz in retaliation for US-Israel strikes, disrupting global oil and LNG shipments as tankers halt operations.
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Law Firms Profit from Trump Tariff Refund Claims
Specialist law firms are seeing a surge in demand as businesses file for refunds on tariffs imposed during the Trump administration, navigating complex legal processes to reclaim billions.
Trump Admin Says Tariff Refunds Will Take Time
The Justice Department indicates businesses seeking tariff refunds after a Supreme Court ruling face delays, despite Trump's call for a rehearing on Truth Social.
FedEx to Return Illegal Trump Tariff Refunds to Customers
FedEx pledges to refund customers for illegal Trump tariffs after Supreme Court ruling, joining over 1,000 companies seeking reimbursement in a complex legal process.
Supreme Court Limits Trump's Tariff Powers
The US Supreme Court has ruled against Trump's unilateral tariff authority, challenging his use of trade policy for political gain and donor rewards, marking a shift in executive power limits.
Sara Eisen Fact-Checks Whoopi Goldberg on Trump Tariffs on The View
CNBC anchor Sara Eisen left Whoopi Goldberg speechless after fact-checking her claims about Trump's market impact during a heated debate on tariffs and economic policy on The View.
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EU to Implement Mercosur Trade Deal Despite Parliament Opposition
European Commission President Ursula von der Leyen announces provisional implementation of the EU-Mercosur trade agreement, bypassing European Parliament approval amid agricultural sector opposition.
Croatia Offers Oil Lifeline to Hungary and Slovakia
Croatia proposes supplying Russian oil via its Adria pipeline to Hungary and Slovakia after Druzhba pipeline damage, sparking EU sanctions tensions and political fallout.
FedEx to Return Illegal Tariff Refunds to Customers
FedEx announces it will refund any money recovered from illegal Trump-era tariffs to shippers and consumers, following a Supreme Court ruling and ongoing legal efforts.
Uruguay, Argentina First to Ratify EU-Mercosur Trade Deal
Uruguay and Argentina have become the first Mercosur members to ratify a landmark EU trade agreement, paving the way for one of the world's largest free trade zones after 25 years of negotiations.
Trump Tariffs Hit Families and Small Businesses Hardest
Analysis reveals that Trump's tariff policies disproportionately burden families and small businesses, raising costs and threatening economic stability for vulnerable sectors.
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Brit Fined £20,000 for Undeclared Aston Martin in Germany
A 56-year-old British businessman faces criminal proceedings after German customs seized his Aston Martin V8 Vantage for unpaid import duties and VAT totalling nearly £20,000.
UK Airport Food Ban: Minister Issues Statement on Fines
A government minister has updated on the UK's travel food ban, confirming travellers face confiscation and £5,000 fines for bringing prohibited items like meat and dairy from Europe.
Trump Trade Rep Admits Tariffs Are Temporary, Contradicting President
U.S. Trade Representative Jameson Greer revealed Trump's new tariffs can only last 150 days without Congress, directly contradicting the president's State of the Union assertion that legislative action wasn't needed.
US Tariffs Could Hit 15% After Supreme Court Setback
US trade representative Jamieson Greer indicates tariffs may rise from 10% to 15% or more for some nations following a Supreme Court defeat for Trump's policies.
Grandparents Cancel UK Trip Over New £589 Passport Rules
British dual citizens abroad face paying £589 for certificates or renewing UK passports under new ETA rules, forcing many to cancel family visits.
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Russian Firms Use UK Islands for $8bn Trade Post-Invasion
Transparency International reveals Russian companies routed $8bn through British overseas territories, including luxury yachts and oil equipment, raising sanctions concerns.
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