trade

World

Europe’s “Made in Europe” fight is getting complicated

France wants a hard EU preference. Germany wants trusted trading partners included. Spain is trying to split the difference....
Economy

Customs collects almost €2m from small parcel tariff in first month

The Customs Department collected almost €2 million in revenue from the new €3 tariff on small parcels during July,...
Economy

Trade, tourism and property most exposed to risks, says Central Bank

Businesses in trade, tourism and real estate, along with low-income households, remain the most vulnerable parts of the Cyprus...
World

Consensus for sanctioning Israel growing in Europe

Consensus is growing in the European Union for clamping down on EU trade with Israeli settlements. In a closed-doors discussion...
Economy

New EU customs duty on small parcels takes effect today

The European Union introduced a temporary customs duty of three euros per item today on small parcels worth up...
Economy

Explained: EU’s new €3 tariff on Shein, Temu orders

From July 1, European shoppers ordering even a single one-euro item from Shein or Temu will pay four euros,...
World

Shipping giant says it will take weeks to resume Hormuz transit despite Iran deal

Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident the US-Iran deal...
World

Trump leaves China empty-handed on Iran and trade after two days of summitry with Xi

President Donald Trump left China on Friday without major breakthroughs on trade or meaningful progress on ending the Gulf...
World

Oil prices slump below $100 and energy stocks slide as Iran ceasefire raises Hormuz hopes

Oil prices slumped below $100 a barrel and energy stocks fell sharply on both sides of the Atlantic on...
World

India welcomes US-Iran ceasefire and calls for unimpeded Strait of Hormuz passage

India has welcomed the two-week ceasefire between the United States and Iran, calling for unimpeded freedom of navigation through...
Economy

Cyprus, Greece most exposed in the EU to Iran war economic side effects, Morningstar DBRS warns

Cyprus and Greece are more exposed than most European Union economies to the fallout from the Middle East conflict,...
World

Trump’s delay of Beijing summit with Xi adds uncertainty to US-China ties, analysts say

US President Donald Trump's decision to postpone his planned summit with Chinese leader Xi Jinping has cast a shadow...
World

Why Iran closed the Strait of Hormuz and what it means for the world

Iran has effectively closed the Strait of Hormuz in retaliation for US-Israeli strikes, cutting off a waterway that normally...
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