Famine looms in Somalia without funding boost, WFP says

Trade experts warn that the recently announced US-UK trade pact, consisting of only five pages, leaves many questions unanswered and requires further negotiations to formalize its proposals. While the deal promises opportunities for US farmers, including a beef quota and tariff removal on US ethanol, UK agricultural sectors express concerns over potential impacts on local markets and the competitiveness of biofuel production. Additionally, the agreement raises issues regarding industry standards recognition and pharmaceutical tariffs, leaving...

This article discusses the election of Robert Prevost as the first American pope, Pope Leo XIV, amid a divided Catholic Church. It highlights EU foreign ministers endorsing a war-crimes tribunal for Ukraine while some leaders attend a Russian military parade, contrasting stances on the ongoing conflict. Additionally, the EU voted to lower the protection status of wolves, reflecting tensions between agricultural interests and wildlife conservation in Europe. Full Article

Bvlgari celebrated the grand opening of its expanded Manifattura facility in Valenza, now the largest single-brand jewellery manufacturing site globally at 33,000 sq m, following an expansion from its original 19,000 sq m. The facility's workforce has grown from 650 to 1,100, with plans to reach 1,600 by 2029 to meet increasing jewellery demand. Part of the site will house a school for aspiring jewellers, addressing skills shortages in the industry, while Bvlgari continues to...

The recent trade deal between the US and UK, criticized as lacking legal structure and substance, primarily serves to mitigate tariffs imposed by Trump, rather than fostering genuine economic collaboration. The UK, which is not heavily impacted by these tariffs, risks compromising the integrity of the global trading system by prioritizing a quick agreement over a robust multilateral approach, potentially undermining the "most favored nation" principle. This situation weakens the UK's position as a proponent...

SummaryDonald Trump announced a limited trade deal with the UK, which includes cuts to tariffs on car and steel exports but maintains a 10% levy on most goods. The agreement, described as “full and comprehensive,” reflects a strengthening relationship between the two countries despite leaving the UK with a tougher trading environment than before the tariffs were introduced. UK Prime Minister Keir Starmer hailed the deal as historic, emphasizing its potential to protect and create...

Britain has made significant strides in trade this week, announcing a deal with the US to reduce tariffs on auto exports and eliminate duties on steel and aluminium, marking the UK as the first nation to secure a reprieve from Trump's tariffs. Additionally, a trade agreement with India, focusing on lowering duties on over 90% of British goods, aims to strengthen ties with a rapidly growing economy, despite its limited impact on the UK's long-term...