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EU to seek more tariff exemptions during US commerce secretary visit
The EU will demand more tariff exemptions on products including wines when US Commerce Secretary Howard Lutnick meets the bloc's trade ministers on Monday. The EU's trade ministers will meet in Brussels on Monday during which Lutnick and US Trade Representative Jamieson Greer will join them for lunch.
How US sanctions on Russia's Lukoil hit Bulgaria's largest refinery
By taking over the Balkan's largest refinery from Lukoil, Bulgaria has for now avoided punishing US sanctions against the Russian oil giant, which enter into force on Friday. - On October 22, Washington announced it would impose sanctions on Russian oil giants Rosneft and Lukoil to stifle the financing of Russia's invasion of Ukraine that started in 2022.
Lithuania accuses Belarus of 'blackmail' over stranded trucks
Lithuania has reopened its border with Belarus but thousands of trucks are still stuck on the other side, the foreign ministry in Vilnius said, accusing Minsk of "blackmail" over millions of euros in stranded goods. It accused the government in Minsk -- a close ally of Russia -- of "coercion and blackmail".
Europe increasingly 'vulnerable' to shocks: ECB chief
European Central Bank chief Christine Lagarde warned Friday the region was increasingly "vulnerable" to shocks like US tariffs and is lagging behind in areas that will drive growth such as AI. The continent must urgently speed up its integration and overhaul a model of export-led growth that has faltered amid mounting geopolitical turmoil, she said in a speech to a banking conference.
Fossil fuel showdown looms on UN climate summit's final day
A breach, a blockade, and a blaze: tumultuous UN climate talks head into their final day Friday in the Brazilian Amazon, with countries still sharply split over fossil fuels.
Japan's Takaichi insists $135 bn stimulus fiscally 'responsible'
Japanese Prime Minister Sanae Takaichi insisted that a $135 billion stimulus package approved Friday was fiscally responsible and that she would reduce the country's colossal debt burden. Takaichi on Friday insisted that Tokyo's stance on Taiwan was "unchanged" and that she wanted "constructive and stable" relations with Beijing.
Afghanistan seeks new trade routes as Pakistan ties sour
Afghanistan is scrambling to diversify its trade partners after a deadly border clash with Pakistan last month brought ties to their lowest point in years, affecting people on both sides of the frontier.
Tech firms lead Asian stock rout as AI bubble fears linger
Tech firms led more steep losses across Asian markets Friday as investors struggled to shake off fears about an AI bubble and after a sell-off on Wall Street sparked by jobs data dealt a further blow to hopes for a US interest rate cut.
Scramble for Sudan's resources fuels brutal civil war
Behind the civil war tearing Sudan apart for more than two years lie the country's natural riches, with foreign powers vying for control of its gold, fertile farmland and coastline. - Farmland, trade corridor - The swathes of fertile farmland in Sudan, Africa's third-largest country and a potential agricultural breadbasket, have whetted the appetite of the desert Gulf countries across the Red Sea.
AFP
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