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EU data shows Albania far behind in R&D

EU data shows Albania far behind in R&D

Albania ranks among the lowest in Europe for government spending on research and development (R&D), according to the latest Eurostat data for 2024. The country allocated just 0.19% of GDP, or €40.9 million, to R&D — second only to Romania at the...

EU and UN welcome Tekala’s election as Libya’s High Council president

EU and UN welcome Tekala’s election as Libya’s High Council president

Mohamed Tekala wins presidency of Libya’s High Council with strong majorityThe European Union Mission has congratulated the newly elected leadership of the High Council of State and the election of Mohamed Tekala, noting the recognition of the...

EU-US Trade Deal Taking Shape as Pharma Tariffs Materialize

EU-US Trade Deal Taking Shape as Pharma Tariffs Materialize

Finally, the Trump administration’s much-animated tariffs on pharmaceutical imports are now materializing in a new EU-US trade deal. However, there are still many questions that remain. As part of a trade agreement that was reached between the US...

US, India still negotiating after 25% US tariff threat: Trump

US, India still negotiating after 25% US tariff threat: Trump

President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier in the day the US would impose a 25% tariff on goods imported from the country starting on Friday. The 25% tariff, as well...

China’s Manufacturing Struggles Amid Declining Exports

China’s Manufacturing Struggles Amid Declining Exports

Factory activity in China showed unexpected signs of contraction in July, signalling deeper challenges for the world’s second-largest economy. This downturn comes despite a partial thaw in trade tensions with the US, with early data indicating a...

China ready to drive smart vehicle brain

China ready to drive smart vehicle brain

BYD Atto 1 is displayed during the Gaikindo Indonesia International Auto Show in Tangerang, Indonesia, on July 23, 2025. [Photo/VCG] As global supply chains fragment because of rising geopolitical tensions, China is doubling down on a long-term...

European growth still lacklustre as the US economy powers ahead

European growth still lacklustre as the US economy powers ahead

Official figures yesterday confirmed anaemic expansion in the European Union in the second quarter of 2025, with gross domestic product (GDP) up just 0.2pc and expansion only half that level in the smaller euro area. While the so-called ‘flash’...

'US Tariffs Unfortunate, Both Countries Should Work Towards Long-Term Solution': India Inc

'US Tariffs Unfortunate, Both Countries Should Work Towards Long-Term Solution': India Inc

Last Updated:July 31, 2025, 10:20 IST Industry body FICCI says it hopes the hike is a "temporary phenomenon" and urges both countries to work towards a long-term solution. India Inc has expressed disappointment over US President Donald Trump’s...

China's JD.com to buy German retailer Ceconomy for $2.5bn

China's JD.com to buy German retailer Ceconomy for $2.5bn

HONG KONG -- JD.com said it has reached an agreement with German retailer Ceconomy to acquire it at 4.6 euros a share in a 2.2 billion euros ($2.5 billion) deal. The proposed takeover marks the Beijing-based e-commerce operator's expansion into...

US GDP beats forecasts in Q2 with 3% growth; Trump happy

US GDP beats forecasts in Q2 with 3% growth; Trump happy

The United States economy grew at a stronger-than-expected pace of 3% in the second quarter, bolstered by a sharp reversal in imports and a pick-up in consumer spending, despite ongoing tariff pressures from President Donald Trump’s trade...

China’s JD.com to acquire German electronics retailer Ceconomy for 2.2 billion euros

China’s JD.com to acquire German electronics retailer Ceconomy for 2.2 billion euros

[DUESSELDORF, Germany] JD.com is set to acquire German electronics retailer Ceconomy in a 2.2-billion-euro (S$3.3-billion) deal at 4.60 euros a share that Ceconomy’s CEO told Reuters would likely be completed in the first half of next year. The...

US Stock Market: S&P 500 (US500) Breaks Historic Winning Streak Amid Earnings Pressure

US Stock Market: S&P 500 (US500) Breaks Historic Winning Streak Amid Earnings Pressure

The U.S. stock market has been experiencing noticeable anticipation and volatility since the beginning of this week, as the S&P 500 Index closed down 0.30% yesterday, Tuesday, at 6,370 points, ending a historic six-day winning streak. In my view,...

European Azerbaijan Center issues statement on groundless draft resolution motioned by French National Assembly

European Azerbaijan Center issues statement on groundless draft resolution motioned by French National Assembly

Berlin, July 30, AZERTAC The Germany-based European Azerbaijan Center has issued a statement on another biased and groundless draft resolution put forward at the National Assembly of France, Zaur Aliyev, Chairman of the European Azerbaijan Center...

US announces 25 pc tariff plus penalty on India from Aug 1

US announces 25 pc tariff plus penalty on India from Aug 1

NEW DELHI, Jul 30: US President Donald Trump on Wednesday announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. The...

US-South Korea trade deal: Trump sets 15% tariff, $350b investment

US-South Korea trade deal: Trump sets 15% tariff, $350b investment

AFP 31 Jul, 2025 01:24 AM3 mins to read Subscribe to listen Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.Subscribe now ‌ Save Share Share this article Copy Link Email Facebook Twitter/X LinkedIn Reddit...

EU-US Trade Pretty Level Already

EU-US Trade Pretty Level Already

While the EU exports more goods to the US by value than it imports from there, in services the EU has a trade deficit with the U.S. because the country sells significantly more services to the EU than the EU sells to the US. Service imports...

US-Israeli attack on Iran: German politics and media abandon international law

US-Israeli attack on Iran: German politics and media abandon international law

There is hardly any war that violates international law as flagrantly as the US-Israeli attack on Iran in June of this year. On this, virtually all reputable international law experts agree. Nevertheless, the government and significant sections of...

US, South Korea strike tariff deal, Trump says

US, South Korea strike tariff deal, Trump says

The U.S. has struck a “Full and Complete Trade Deal” with South Korea, President Donald Trump said in a Wednesday Truth Social post. If finalized, the U.S. would charge a 15% tariff on imports from South Korea, per Trump. U.S. goods imported to...

Russia’s African Play

Russia’s African Play

When Dmitry Medvedev, former Russian president and current deputy chair of Russia’s Security Council, addressed the Liberation Movements Summit in South Africa on July 27, his message was as predictable as it was provocative: Russia stands with...

Government's decision to delay alcohol health labelling is bowing to lobbyist influence

Government's decision to delay alcohol health labelling is bowing to lobbyist influence

How are decisions made in government? One would hope that decision-makers would have access to facts and that this would form the basis of decision making. However, while officials are certainly in possession of the facts when it comes to alcohol...

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