Following the UK Prime Minister's visit to Beijing, China has agreed to slash tariffs on UK-produced whiskies from 10% to 5%, a move welcomed by the industry as a potential catalyst for growth in a key premium market.
A landmark trade agreement secured during Prime Minister Keir Starmer's visit to Beijing will see Chinese import duties on Scotch whisky cut from 10% to 5%, effective immediately. The move, hailed by industry leaders, is projected to inject £250 million into the UK economy and boost competitiveness in a key growth market.
President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor and advocate for central bank reform, to chair the Fed, following his sustained public criticism of Jerome Powell's interest rate policy.
Fresh Israeli military actions in central and southern Gaza have resulted in multiple casualties, testing the durability of a months-long, U.S.-brokered truce and hindering critical aid flows.
Israeli media reports indicate the military now estimates around 70,000 Palestinian fatalities in Gaza, a figure aligning with earlier Hamas-run health ministry counts it had previously questioned.
Israeli authorities announce the reopening of the Rafah crossing this Sunday, ending a nearly two-year blockade of Gaza's sole passage to Egypt.
Israel announces the reopening of the Rafah border crossing with Egypt this Sunday, permitting limited two-way movement for Palestinians after nearly 24 months of tight restrictions. The move is seen as a key development in international ceasefire efforts.
The Kremlin stated President Vladimir Putin has agreed to a personal appeal from former U.S. President Donald Trump to pause strikes on Kyiv until February 1, aiming to foster conditions for potential talks, though the scope and durability of the pause remain unclear.
TAIPEI, Jan 30 (Reuters) - Taiwan completed the maiden underwater sea trial for its first domestically developed submarine on Thursday, a big milestone in a project aimed at strengthening deterrence
Kyiv expresses gratitude for a reported week-long halt to strikes on major cities brokered by the U.S. president, as freezing temperatures exacerbate the humanitarian situation. Moscow remains silent on the alleged agreement.
Russian forces are integrating Starlink satellite terminals into their drone fleet, creating a new generation of long-range, jamming-resistant weapons capable of striking deep behind Ukrainian lines and into NATO territory, according to intelligence reports and military analysts.
The U.S. military and civilian leaders of Washington's flagship Gaza mission are departing, with successors unannounced, as European allies reassess their participation and questions mount over the initiative's future direction.
In a late-night social media post, former President Donald Trump threatened to impose a 50% tariff on all Canadian aircraft sold in the U.S. and decertify new planes, citing Canada's alleged refusal to certify Gulfstream jets. The move, targeting Bombardier, risks disrupting U.S. regional aviation and corporate travel.
Prime Minister Keir Starmer's landmark visit to Beijing marks a cautious pivot in UK-China relations, yielding agreements on tariffs, visas, and green energy. But can British businesses navigate the opportunities and challenges of re-engagement?
British Prime Minister Keir Starmer arrived in Shanghai Friday with over 50 business leaders, aiming to deepen UK-China commercial ties. The visit, the first by a UK premier in eight years, comes against a backdrop of renewed US skepticism over Western engagement with Beijing.
As the European Central Bank prepares for its February meeting, policymakers are navigating a stronger euro driven by a weakening dollar and geopolitical uncertainty, while assessing the resilience of the eurozone economy.
Panama's Supreme Court has nullified long-held port contracts operated by a CK Hutchison subsidiary, declaring them unconstitutional. The landmark ruling throws the future of key container terminals at both ends of the Panama Canal into doubt and reverberates amid broader geopolitical tensions over global trade chokepoints.
