Latest News
-
Tropical cyclone in Northern Territory leaves thousands of Australians powerless
On Sunday, thousands of people in Australia’s Northern Territory, including the capital Darwin, were left without power after a tropical storm brought destructive winds overnight. Fina, an extremely severe tropical cyclone of category three, moved away from Darwin on Sunday, clocking wind gusts of 205 kph. It had passed the city on Saturday night as "severe tropical storm", according to the Bureau of Meteorology. Fina brought back painful memories for residents of Darwin (population around 140.000), of Cyclone Tracy which destroyed much of the city in 1974 and killed 66 people. It was one of Australia’s worst natural disasters. Lia Finocchiaro, the chief minister, said that about 19,000 people lost power because of Fina. The storm also damaged property and submerged roads but did not cause any injuries. Finocchiaro, in a Darwin-televised media conference, said that the cyclone had seen a united territory prepared for what lay ahead. As crews began assessing damage, authorities urged residents in Darwin, a garrison city located in the north, to avoid power lines that had fallen. Darwin International Airport, closed as a precaution on Saturday due to Fina, announced on Sunday that it would "work to reestablish its operations as soon it is safe". According to the Weather Bureau, Category 3 tropical cyclones are two levels below the most dangerous rating. They usually cause damage to structures, trees, and crops, and power outages. In March, the ex-tropical storm Alfred, which hit Queensland in neighbouring Australia, closed schools and left hundreds of thousands without power.
-
Reeves freezes rail fares for UK budget
Rachel Reeves, British Finance Minister, said Sunday that she will freeze rail fares in her budget plan to be presented on Wednesday. She hopes to help millions who are struggling with rising costs of living. Reeves' budget is expected to include tax increases, but those who use the railways regularly will find some relief from the frozen fares. Treasury said that the freezing of rail fares would also help to limit inflation. A Treasury statement said that this is the first time rail fares in 30 years have been frozen. It will also cover season tickets for commuters, off-peak return between major cities, and peak returns to commuters. The statement stated that the move would save commuters hundreds on their season tickets and freeze travel costs. It will also support the growth of town centres throughout the country.
-
Britain introduces $2 billion package for EVs
The British government will introduce a package worth 1.5 billion pounds ($2 billion) to speed up the switch to electric cars, according to reports. This includes an additional 1.3 billion pounds to fund a grant program to purchase new electric cars. Since its launch in July of this year, the Electric Car Grant Scheme has helped over 35,000 drivers switch to an electric vehicle by reducing upfront costs up to 3,750 pound. According to the government, an additional 200 millions pounds will be included in the budget due on 26 November to speed up the deployment of chargepoints throughout Britain. In order to achieve a goal of net-zero emissions of greenhouse gases by 2050 in Britain, the country wants to phase out new petrol and diesel vehicles by 2030. The demand for EVs is stagnant, with consumers citing the high upfront costs of EVs as their main obstacle. The Conservative Party, the opposition party, criticised this move. Richard Holden is the Conservatives' Transport Policy Chief. He said: "Under Labour, ordinary families face increased taxes and spiralling prices, but the government gives discounts on new electric vehicles." This is the type of tone-deaf spending that we have come to expect from this Labour Government. Reporting by Elizabeth Piper Editing Mark Potter
-
After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines canceled flights from Venezuela on the morning of Saturday. The U.S. Federal Aviation Administration had warned major airlines about a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website for Simon Bolivar International Airport, and Brazil's Gol and Colombia's Avianca all reported that three international airlines canceled their flights from Caracas, Venezuela, on Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in Maiquetia, "due the deterioration in security conditions and the increased military activity in this region." TAP confirmed that it has canceled flights for Saturday and Tuesday. The company said that the decision was made after receiving information from the United States Aviation authorities, which indicated that safety conditions were not guaranteed in Venezuelan airspace. Iberia, a Spanish airline, also announced that it would cancel its flights to Caracas starting Monday. Iberia's scheduled flight to Madrid on Saturday from Venezuela's capital was cancelled. Iberia's spokesperson said that the company would assess the situation and decide when flights will resume to Venezuela. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats could be a danger to aircraft of all altitudes. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart for Bogota on Sunday has been cancelled. (Mayela Armas, Caracas; Corina Pons and Ana Cantero at Madrid; Sergio Goncalves at Lisbon; Ana Cantero writing and editing; Diane Craft and David Gregorio).
-
Defence Minister: Eindhoven Airport closed due to drone sightings
In a Facebook post, Dutch Defence Minister Ruben Brekelmans stated that the suspension of air traffic at Eindhoven Airport in the southern Netherlands on Saturday night was due to the multiple sightings of drones. Brekelmans stated that "counter-drone equipment has been ready for action". "An investigation continues." On Saturday, the Dutch defence ministry said that the Dutch military had fired weapons on drones seen above Volkel Air Force Base, located about 40 kilometers (25 miles northeast of Eindhoven). Eindhoven is both a civil and a military airport. Brekelmans stated that all types of air traffic had been suspended. When asked if the origin of the drones was known, the ministry of defence had no further comment. In recent months, drones and other airspace intrusions have caused significant disruption throughout Europe. In September, three Russian military jets violated Estonian airspace for twelve minutes and more than 20 Russian drones invaded Polish airspace. Since then, drones, whose origins are largely unknown, have disrupted the airspace operations of Europe. Ursula von der Leyen, President of the European Commission, has described these incursions as "hybrid war".
-
After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines cancelled flights from Venezuela on Sunday after the U.S. Federal Aviation Administration on Friday warned major airlines of a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website of Maiquetia International Airport, and Brazil's Gol and Colombia's Avianca cancelled their flights leaving Caracas Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in the Maiquetia region "due the deterioration in security conditions and the increased military activity in this area." Iberia, a Spanish airline, also announced that they would cancel their flights from Caracas until further notice. The flight from Venezuela's capital to Madrid scheduled by the Spanish company on Saturday has departed. Iberia's spokesperson said that the company would assess the situation and decide when flights to this country could resume. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats to aircraft could be present at any altitude. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart Bogota on Sunday is also cancelled. Reporting by Mayela Aras from Caracas, Corina Pons in Madrid and Ana Cantero at Caracas. Editing by Diane Craft.
-
Officials say that the fire on a container ship in Los Angeles has been'substantially contained'.
The Port of Los Angeles announced on Saturday that a fire on a cargo vessel, which sent smoke billowing throughout the second-most populous U.S. City, had been "substantially confined" after several hour. The shelter-in-place order for two neighborhoods in the city has been lifted. There have been no injuries reported. A fire started on the dock of the One Henry Hudson in San Pedro, Los Angeles at around 6:30 pm local time. Officials said that fire crews and members of the ship's crew continued to suppress the fire on Saturday after the vessel had been towed from its berth in the Yusen Container Terminal. Los Angeles Fire Department reported that marine units continued to cool the exterior of the ship. ABC affiliate TV footage showed streams of water being shot by firefighting vessels on the sides of the ship and containers that were on fire. The fire and explosion that occurred on Friday caused concern about the burning of hazardous materials. The fire quickly forced the evacuation of all 23 crew members, as it disrupted crane and power operations. Officials have issued shelter-in place orders for Los Angeles' communities of San Pedro, Wilmington and others. These orders were lifted Saturday. Officials also removed the work restrictions for the terminals of Los Angeles' port. Fire officials had earlier reported that four of the seven container terminals in the port were operating again. According to LSEG, the One Henry Hudson is a Panama-flagged ship that arrived in Los Angeles from Tokyo's Shinagawa Port on Wednesday. Rich McKay reported from Atlanta, with additional reporting by Rajveer S. Pardesi, Rishabh J. Jaiswal and David Gregorio in Bengaluru.
-
Portugal claims that only three of Europe's largest airlines expressed interest in TAP privatisation
Parpublica, the state-owned holding company of Portugal, announced on Saturday that it had only received three expressions interest for a minority stake of TAP's flag carrier. All were from Europe's biggest airlines, and none came from outside of the EU. This was far below what government expectations had been. British Airways' owner IAG and Air France-KLM, as well as Germany's Lufthansa, had announced they had submitted formal expressions of interests. Portugal restarted its long-delayed TAP privatisation in July. It aims to sell a 44.9% share to an airline that can boost the company's international scale and competitiveness. A further 5% will be offered to TAP staff. In July, Prime Minister Luis Montenegro stated that the government expects major airlines from outside of the European Union to be interested in TAP's planned privatisation. He cited the carrier's potential. The deadline for airlines formally expressing interest in the project closed at 1700 GMT on Saturday. Parpublica announced in a press release that it had until 12 December to evaluate whether interested airlines met the criteria. These include at least one year's revenue of more than 5 billion euro in the past three years, and financial capability. Offers that are not binding must be submitted by the middle of March, followed by offers that include a price and a TAP strategic plan. Privatisation is expected in the second half 2026. TAP's main assets are its connections with Brazil, Portuguese-speaking African nations and the United States, all from Lisbon, the hub that the government is keen to maintain and expand. Bernstein analysts estimated TAP's stake of 44.9% at 700 million euros, based on an airline valuation totaling 1.5 billion euros. This represents a premium of roughly 25-30% over European peers. They justified this by citing TAP's potential strategic advantage.
Trump's trade battle with China in 2025
U.S. president Donald Trump targeted China, the top economic rival with a cascade tariff order on billions in imported goods. The orders were aimed at narrowing an enormous trade deficit, bringing manufacturing back and crippling fentanyl traffic.
The reverse chronological timeline below shows the U.S. - China trade war in this year.
China starts collecting port fees for vessels with a U.S. connection on October 14. Ships built in China are exempted. On the same date, the U.S. will also implement an additional port fee for Chinese ships.
Beijing claims it informed Washington about its new rare earths control measures before announcing them on October 9. It also says that the issue was discussed at the working level as recently as 13 October. Beijing criticizes the U.S. because it wants to talk while making threats.
Scott Bessent, U.S. Treasury secretary, says that plans for Trump to meet Chinese President Xi Jinping on the sidelines the Asia-Pacific Economic Cooperation Forum in South Korea in late October are still on track.
He said that there were many meetings between the two countries and they had been in contact over the weekend.
U.S. trade representative Jamison Greer said that after China announced it would expand its rare earths export control, the U.S. had reached out to China via phone but Beijing declined. China criticizes the new U.S. trade tariffs and defends their export restrictions.
On October 10, Trump re-starts the trade war by imposing additional tariffs of 100% on China’s U.S. bound exports and new export controls for "any critical software" on November 1. This will end an uneasy truce that was reached between both countries in August.
Trump has said that there is no need to meet with Xi, but he also did not cancel the plans to meet.
Trump says that the United States may also impose export controls for Boeing parts in response to China's export restrictions on rare earth minerals.
China has launched an antitrust investigation against U.S. chip manufacturer Qualcomm for its acquisition of Israeli chip designer Autotalks.
China will begin charging port fees for vessels owned, operated, constructed, or flown by the United States as a countermeasure against U.S. fees charged on ships with ties to China starting on October 14.
China will expand its export controls on rare earths starting November 8, to include five additional medium-to-heavy rare earth elements. It has also increased scrutiny of semiconductor users. This is a further tightening of China's grip and dominance over the minerals that are key to the energy transformation.
The Trump administration wants to ban Chinese airlines from flying above Russia on routes between the United States and Russia, claiming that the shorter flight times put American carriers at an unfair disadvantage.
Trump hopes to discuss soya beans with Xi, but warns that the U.S. could halt a significant share of its imports from China.
U.S. lawmakers demand broader bans for chipmaking equipment exported to China following a bipartisan report that found Chinese chipmakers purchased sophisticated gear worth $38 billion last year.
Trump said that soybeans will be a main topic of conversation when he meets Xi on October 1. China has drastically reduced U.S. purchases of soybeans, which Trump called a negotiation strategy.
Greer said that around 55% of tariffs applied to Chinese imports is a "good state-of-the-art" but the U.S. wanted bilateral trade to be more free. However, she did not indicate any immediate moves towards lowering Trump’s tariffs.
Bessent, a Bessent, says that aircraft parts and engines, as well as certain chemicals, can be a powerful tool for the United States to use in negotiations with China.
The first time since 2019 that a group of U.S. House of Representatives lawmakers visited China to talk, is on September 21. The group said to Premier Li Qiang that both the largest economies in the world need to "break the ice" and increase engagement.
September 19 - Trump holds a telephone call with Xi, following which Trump says they have made progress in a TikTok deal and will meet face-toface in South Korea in six weeks to discuss trade and illicit drugs, as well as Russia's conflict in Ukraine.
China has welcomed the commercial negotiations on TikTok that are in line with market rules.
China announces that it will review TikTok’s technology exports, and its intellectual property licensing. It calls the framework agreement reached "win-win".
September 15 – U.S. and China agree on a framework to transfer TikTok under U.S. control. This decision will be confirmed by Trump and Xi in a phone call later this week.
Bessent said that the Trump administration would not impose tariffs on Chinese products over Russian oil imports, unless European countries imposed tariffs first.
September 14 - Bessent, China's Vice Premier He Lifeng and the Spanish government lead a fourth round in Madrid of discussions to discuss trade relations as well as TikTok’s impending divestiture deadline.
Trump and his administration ask the G7, EU, and NATO to put pressure on China to impose tariffs between 50% and 100% in order to stop Russian oil revenues.
U.S. and China extend tariff truce by another 90 days.
August 10 - Trump asks China to quadruple their soybean purchases from the U.S., as the expiration date of the trade truce is approaching on August 12.
U.S. begins issuing licenses to Nvidia for exporting H20 chips to China on August 8.
Bessent is "optimistic", according to Bessent, about the future.
After two days of discussions in Stockholm, U.S. officials and Chinese officials agreed to extend their 90-day truce on tariffs. The talks were described as constructive by both sides, but there was no significant breakthrough.
U.S. Commerce secretary Howard Lutnick announced that Nvidia will resume sales of their advanced AI H20 chip to China in the U.S. rare earths negotiations, reversing an export ban by the U.S. in April.
Trump threatens to impose an additional 10% tariff against countries that he says are aligning themselves with "Anti-American Policies" of BRICS. This includes China.
Bessent reports that the U.S. has resolved its issues with China regarding rare earth minerals, magnets and shipments into the U.S.
From June 11-12, some Chinese rare earths producers will begin receiving export licenses. Trump announces that a truce on trade is now back on track.
The U.S.A. and China have a second round of negotiations in London, and they reach an agreement on a framework.
June 5, Xi and Trump have a phone call lasting an hour.
Trump claims that China has violated the Geneva agreement to reduce tariffs and Chinese restrictions on vital minerals exports. China denies the accusation and says the U.S. has introduced multiple "discriminatory" restrictive measures against China.
The U.S. will begin "aggressively," revoking Chinese student visas on May 28-29. The order also instructs a wide range of companies to cease shipping semiconductors, aviation equipment and design software to China.
Beijing and Washington have trade talks in Geneva over the weekend, May 10-12. Both sides issued a joint declaration agreeing to a 90 day pause in tariffs.
Tariffs between the U.S. and China will drop from 145% to 30%, while tariffs between China and the U.S. will be reduced to 10% from 125%. China has also agreed to remove non-tariff measures that have been imposed on the United States by China since April 2.
Nvidia reveals that U.S. officials told it that the H20 chip will require an export license for sales in China.
China raises its tariffs on U.S. imports to 125%. It calls the Trump tariff strategy "a joke", and says it won't play any more "numbers games" with tariffs.
China announced that it would immediately restrict the importation of Hollywood movies on April 10.
China increases levies on U.S. imported goods to 84%, adds 12 U.S. firms to a list of companies that are prohibited from exporting dual-use products, and six additional U.S. entities to the "unreliable entity" list. This allows Beijing to take punitive measures against foreign entities.
The U.S. has increased tariffs on Chinese imports from 84% to 125%. China warns citizens not to travel to the U.S.
Tariffs for all Chinese imports are raised to 84%, up from 34% on April 8.
April 4: China announces that it will impose retaliatory duties of 34% on U.S. imports starting April 10, and export restrictions on certain rare earths. About 30 U.S. companies, mostly involved in the defence industry, were subject to restrictions.
Beijing has also suspended sorghum and poultry products from certain U.S. companies.
Trump increases global trade friction by imposing "liberation day tariffs" on April 2. He announced a 10% baseline for all imports as well as significantly higher duties against some countries. Trump will impose 34% tariffs on all Chinese products, which are set to go into effect on April 9th.
From May 2, the Trump administration will also end duty-free access to low-value shipments of goods from China and Hong Kong (known as "de minimis exemptions").
China retaliates with a 10-15% levied on U.S. agricultural exports. This affects about $21 billion of U.S. exports. Beijing also imposes restrictions on exports and investments for 25 U.S. companies, citing national security. It also bans the import of genetic sequencers made by U.S. medical device maker Illumina.
March 4 - U.S. increases tariffs by 20% on all Chinese imports.
China has responded with a range of measures that target U.S. companies, including Google and farm equipment manufacturers.
Beijing will also begin imposing levies on February 10 of 10% for some autos and crude oil, and 15% on the imports of coal and LNG from the United States. Beijing also imposes a 15% tax on imports of U.S. coal and LNG, as well as a 10% duty for crude oil and some autos. The new taxes will be implemented starting February 10.
Trump imposes tariffs of 10% on Chinese goods and 25% on those from Mexico and Canada on February 1, demanding that they reduce the flow fentanyl, illegal immigrants and other drugs into the U.S.
January 21: A day after taking the oath of office, Trump threatens to impose a 10% duty on Chinese imports. He cites the fentanyl coming from China. Reporting by Liz Lee, Shi Bu and Jacqueline Wong; Editing by Ronojoy Mazumdar, Kate Mayberry and Jacqueline Wong
(source: Reuters)