Apple is appealing a fine of 500 million euros imposed by the European Commission in April. The American tech company was fined because it is pushing to offer apps only in its app store. According to the Commission, Apple violates the Digital Markets Act. “We have filed an appeal today because we believe the European […]
The BRICS countries, including China, Brazil, Russia, South Africa and India, do not want a confrontation with US President Donald Trump on trade. This was stated by a spokesperson for the Chinese Ministry of Foreign Affairs after Trump’s threat to impose an additional import duty of 10 percent on countries that join the BRICS’ “anti-American […]
Shell performed weaker in the second quarter in oil and gas trading than in the first three months of this year, partly due to the unrest on the oil market regarding the import duties announced by American President Donald Trump. According to Shell, the trading results for the past period will be considerably lower than […]
Oil prices dropped on Monday after OPEC+ announced an increase in production. The oil cartel will increase production by 548,000 barrels per day in August. That is more than was expected on the oil market. The price of a barrel of American oil (159 litres) dropped by more than 1 per cent in Singapore to […]
US President Donald Trump has announced on his platform, Truth Social, that the import tariffs for various countries will be announced by letter on Monday at noon local time (17:00 UK time). Trump also threatens additional tariffs of 10 percent for countries that join the “anti-American policy” of BRICS. BRICS is an economic cooperation organisation […]
Washington is on the verge of concluding multiple trade agreements. “We expect some major announcements in the coming days,” US Treasury Secretary Scott Bessent said in an interview with news channel CNN. He also stated that President Donald Trump will inform trading partners by letter that, if no agreement is reached, the United States will […]
China will impose import restrictions on medical equipment from the European Union once its value exceeds 45 million yuan (approximately $6.8 million). The “countermeasure” will take effect on Sunday, the Chinese Ministry of Finance announced. Companies that supply this equipment will no longer be allowed to participate in government tenders, the ministry said. China will […]
