World & Politics
China files complaint with WTO over Canada's steel import restrictions - 08/18/2025
The Chinese Ministry of Commerce announced on Friday that China has lodged a complaint with the World Trade Organization (WTO) regarding Canada's limitations on steel and steel products. According to the statement, Canada has openly disregarded WTO regulations by implementing steel quotas and biased tariffs on items made with Chinese steel. Xinhua reported that these measures are considered trade...
Witkoff: The US is now focused on a peace agreement on Ukraine - 08/18/2025
During an interview with CNN, US President's special envoy Steven Witkoff stated that after the Alaska summit, Washington is concentrating on a comprehensive peace deal regarding Ukraine, rather than just a ceasefire. “We are dedicated to seeking a peace deal that will swiftly bring an end to the conflict. Quicker than a truce. We examined all the various issues that would be addressed and...
Israel in talks with Ethiopia, Libya, Indonesia, South Sudan on Palestinian resettlement - 08/15/2025
Israel is in discussions with multiple nations simultaneously - Ethiopia, Libya, Indonesia, and South Sudan - regarding the potential acceptance of Palestinians departing from the Gaza Strip, CNN reported on Thursday, referencing a high-ranking Israeli official. “These nations anticipate receiving substantial financial and global compensation in return for accepting some of the over 2 million...
Iran to lead Middle East conventional refinery capacity growth by 2030 - 08/13/2025
Increasing domestic demand alongside abundant oil reserves will lead to major refining capacity growth in the Middle East, industry source Offshore Technology reports, referencing findings from GlobalData Energy. The Middle East is projected to be the primary area for global conventional refinery capacity increases, representing over a quarter of the overall total by 2030. This expansion is...
Foreign ministers of several countries call on Israel to refuse new operation in Gaza - 08/11/2025
According to a joint statement by the foreign ministers, Australia, Germany, Italy, New Zealand, and the United Kingdom have expressed their opposition to the Israeli government's decision to initiate a new military operation in the Gaza Strip. The statement indicated that the Foreign Ministers of Australia, Germany, Italy, New Zealand, and the United Kingdom firmly oppose the Israeli Security...
Canada eyes Arctic shipping to Europe - 08/08/2025
The Canadian government is considering the development of a remote northern port on Hudson Bay to serve as a route for exporting natural gas, potash, canola, and other products as Canada aims to lessen its economic reliance on the United States, according to Bloomberg. Energy Minister Tim Hodgson informed Bloomberg that he recognizes “huge potential” in transforming the port of Churchill,...
Trump says he is ready to meet with Putin - 08/08/2025
US President Donald Trump stated on Thursday that he is ready to engage with his Russian counterpart Vladimir Putin, even though the latter currently has no plans to discuss matters with Ukrainian leader Volodymyr Zelensky. “No,” Trump replied when asked if a meeting between Putin and Zelensky ought to occur prior to the discussions between the American and Russian presidents. “They want to...
Norway, Sweden and Denmark to purchase €430 million worth of US weapons for Ukraine - 08/06/2025
Norway, Sweden, and Denmark will provide a combined total of €430 million in military assistance to Ukraine. The acquisition of American weapons will occur under the US-NATO mechanism that has been initiated. The Norwegian government's press release indicates that this aid package will feature “assistance for Ukrainian air defense, ammunition, and other essential weapons.” Over €230 million of...
Trump to significantly increase duties on Indian goods because of Russian oil - 08/05/2025
US President Donald Trump has vowed to markedly raise tariffs on Indian exports because, as per the American leader, India's imports of Russian oil aid in perpetuating the crisis in Ukraine. “India purchases large quantities of Russian oil. It then sells a significant portion of the oil on the open market, generating substantial profit,” he noted on Truth Social, mentioning that India overlooks...
Trump imposes 50% duty on copper imports - 07/31/2025
US President Donald Trump has declared the implementation of a 50% tariff on imported semi-finished copper products and items, expressing an intention to boost domestic manufacturing of these goods. “Unless stated otherwise in this announcement, all imports of semi-finished copper products and items (...) will incur a 50% tariff,” the announcement signed by Trump and released by the White House...
