EU Approves Tariffs on Chinese Electric Cars Amidst Division
The EU has approved tariffs up to 36.3% on Chinese electric cars amid divisions among member states, with Germany opposing the measure while advocating for a negotiated solution with China.
Turkey's Oruc Reis Ship Begins Oil Exploration Mission in Somalia
The Turkish ship Oruc Reis is set to explore oil and gas resources off the coast of Somalia, following a memorandum of understanding signed between the two nations. The mission, expected to last seven months, will involve seismic research in three exploration fields.
Germany Opposes EU's Tariff Increase on Chinese Electric Cars Amid Trade War Fears
Germany's opposition to the EU's decision to impose significant tariffs on Chinese electric vehicles raises fears of a trade conflict, with major automakers urging for negotiations to avoid protectionist measures.
Governments Across the Globe Implement Reforms to Tackle Financial Shortfalls
Governments in France, Argentina, South Korea, and beyond are implementing reforms to address financial shortfalls in public services and health sectors, focusing on contributions, taxation, and compensation.
Middle East Conflict Escalates: Biden's Statements on Iranian Oil Facilities Impact Global Oil Prices
The conflict in the Middle East is escalating, with President Biden's statements about potential attacks on Iranian oil facilities affecting oil prices and raising concerns about a broader regional conflict.
Egypt's Bold Move to Mix Corn with Wheat in Bread Subsidy Program
Egypt is planning to mix corn flour with wheat to reduce bread subsidy costs, facing industry opposition but aiming for significant savings amid rising economic pressures.