Trade
Gazprom: European natural gas prices tripled since Russian supply decline
The Russian energy company stated that US dominance in the LNG market has increased costs.
China Claims US Committed to 20% Cap on Replacement Tariffs
Beijing asserts that bilateral trade talks established a limit on additional duties for Chinese goods.
Ships Transit Red Sea Amid Scattered Disruptions
Dozens of vessels navigate the corridor despite reports of scattered disruption and growing uncertainty.
Trump's new tariffs: UK rate unchanged, EU reduced to 10%
The UK faces the same 10% US tariff as the EU, but experts say UK businesses are at a disadvantage despite some exemptions.
China Adds 14 EU Entities to Export Control List
The measure, effective immediately, prohibits the export of dual-use items to the listed entities in chemicals, motors, and defense.
Dubai Firm DP World Signs Deal for New Port Bypassing Strait of Hormuz
The two new container terminals on the UAE's eastern coast aim to provide an alternative route for global shipping traffic.
US Trade Representative Greer testifies before Senate on Trump's tariff plans
Jamieson Greer appeared before the Senate Finance Committee as the Trump administration pursues new tariffs on Canada and works to replace duties struck down by the Supreme Court.
Japan's exports and imports grow at fastest pace in June since November 2022
Exports rose 19.3% and imports 25.4% year-on-year, both beating expectations.
US to Impose 25% Tariff on Most Brazilian Imports Starting July 22
The Trump administration's first tariff action after Supreme Court ruling targets Brazil amid political tensions and ongoing negotiations.
Portugal to receive over $40bn in US tech investment by 2031
The US ambassador projects a massive wave of American technology investment in Portugal over the next seven years.
Abu Dhabi approves $6.2 billion gas project to boost UAE supply
The development of the Umm Shaif Gas Cap is part of ADNOC's plans to expand natural gas output and liquefied natural gas exports.