Brussels proposes tariff-free pact on industrial products
The European Commission has proposed a zero-tariff deal on industrial goods to the US, aiming to ease trade tensions as Trump’s tariffs on EU imports...
Tag : United States
Trade deficit in aluminium rises as EU imports surge in 2024
EU posts €11.1B trade deficit in aluminium for 2024 as imports outpace exports despite volume declines....
Beijing strikes back as U.S. imposes 10% tariffs on Chinese imports
China imposes new tariffs on U.S. goods, launches an antitrust probe into Google, and files a WTO complaint, escalating trade tensions after Trump’s latest tariff...
Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the...
US launches investigation into China’s semiconductor industry practices
The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities....
ADNOC L&S acquires 20 offshore assets in growth strategy
ADNOC L&S expanded its offshore operations in 2024, acquiring 20 assets, securing 19 JUB contracts, and boosting revenues 51% to $1.67 billion, marking robust regional...
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...