The Chinese Ministry of Commerce has added 11 US drone companies to the Unreliable Entity List, restricting their import and export relationships with China. This decision may significantly impact the US drone industry, which relies on Chinese components and raw materials. The affected companies include Brinc Drones, Domo Tactical Communications, and Skydio, among others, and are now prohibited from conducting business with Chinese companies, facing severe penalties for non-compliance, and are restricted from accessing vital…
A White House official stated that US tariffs on Mexico and Canada will remain in place despite a 90-day pause in the trade dispute. The official clarified that the pause is intended to allow for further negotiations. The tariffs will continue to be enforced until a new trade agreement is reached, according to the official, who did not provide a specific timeline for the negotiations. Read the full story here
The Canadian government has announced plans to accelerate the permitting process for energy projects. This move aims to establish Canada as a global energy superpower. The goal is to increase energy production and export, while also creating jobs and stimulating economic growth. This initiative is expected to have a significant impact on the country's energy industry and its position in the global market. Read the full story here
The Iranian military plans to establish new drone bases in the country, according to Brig. Gen. Kioumars Heidari, commander of Iran's Army Ground Force. The new bases will reportedly include facilities in border regions, with the goal of supporting the country's unmanned aerial vehicle (UAV) production. The announcement comes as US and Iranian officials meet to discuss a potential deal over Iran's nuclear program. Analysts suggest that the move is a attempt by Iran to…
The Canadian ambassador to the U.S. has announced that Canada will be exempt from a new 10% tariff. This decision is seen as a significant development in trade relations between the two countries. The ambassador's statement has provided clarity on the issue, confirming that Canada will not be affected by the new tariff, which is set to impact other nations. Read the full story here
South Korea has announced emergency measures to support its struggling auto industry, which has been impacted by US tariffs. The measures aim to mitigate the effects of the tariffs and promote the industry's competitiveness. The government plans to provide financial support and trade incentives to affected automakers, in an effort to stabilize the industry and prevent further job losses. Read the full story here
German chancellor-designate Friedrich Merz has stated that the shift in Trump tariffs demonstrates the benefits of European Union unity. This change in trade policy highlights the strength of a unified EU stance. The adjustment in US tariffs is seen as a positive outcome for the EU, showcasing the effectiveness of a collective approach to international trade negotiations. Read the full story here
Thousands of protesters have rallied in Hungary's capital, Budapest, against a new law banning LGBTQ Pride events. The law, passed by Prime Minister Viktor Orbán's government, prohibits events depicting homosexuality to those under 18. The protests, which have persisted for four weeks, demand the law's withdrawal, with some demonstrators planning to remain on the city's bridges overnight. The law has drawn comparisons to Russia's anti-LGBTQ policies and is seen as an arbitrary restriction on the…
Indonesia is planning to clear a forested area roughly the size of Belgium for the production of sugarcane-derived bioethanol and food crops such as rice, threatening to displace Indigenous groups who rely on the land for survival. The plan has raised concerns among environmental activists, who warn that it will lead to deforestation and the expansion of palm oil plantations, further exacerbating the climate crisis and threatening the country's biodiversity. Read the full story here
According to Ukrainian intelligence, at least 163 Chinese nationals are serving in Russia's Armed Forces. Ukrainian President Volodymyr Zelensky confirmed that 155 Chinese citizens are fighting against Ukrainians on Ukrainian territory. The Ukrainian government has summoned China's chargé d'affaires to demand an explanation and express condemnation. China has responded by saying it is verifying the claims, stating that Chinese citizens are prohibited from participating in foreign armed conflicts. Read the full story here