Brussels proposes tariff-free pact on industrial products
The European Commission has formally proposed a zero-tariff agreement on all industrial goods with the United States, signaling a renewed push to de-escalate transatlantic trade...
Tag : United States
Trade deficit in aluminium rises as EU imports surge in 2024
The European Union (EU) recorded a trade deficit in aluminium of €11.1 billion in 2024, as per newly published data from Eurostat. The EU imported...
Beijing strikes back as U.S. imposes 10% tariffs on Chinese imports
China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President...
Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt's food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded...
US launches investigation into China’s semiconductor industry practices
The United States has launched an investigation into China’s semiconductor industry, citing concerns over anti-competitive practices that could undermine U.S. economic and national security interests....
ADNOC L&S acquires 20 offshore assets in growth strategy
ADNOC Logistics & Services Plc (ADNOC L&S) has significantly expanded its offshore operations in 2024, acquiring 20 new offshore assets and securing contracts for 19...
US leads as Russia, China, and India follow among world’s top military powers
The United States has reaffirmed its status as the world's leading military superpower, according to the latest global military strength ranking. The newly released 2023...
Pharmacy emerges as top category in EU’s high-tech exports, valued at €446 billion
The European Union (EU) witnessed a substantial surge in high-tech imports from non-EU countries in 2022, totaling an estimated €482 billion—an impressive 22% increase compared...
Southwest cancels thousands of flights in the United States
As a result of the harsh winter weather that has disrupted many holiday plans across the U.S., Southwest Airlines Co topped the list of U.S. airlines...
United States sanctions a Lebanese businessman over Hezbollah links
The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group's financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his...