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Britain Seizes Control of Struggling Steel Giant in Unprecedented Move
The UK government has passed legislation to control the management of British Steel, granting sweeping powers to ensure production continues, including forced entry to secure assets. The government remains hopeful for private investment, but acknowledges public ownership is a likely option, with the national interest in retaining steel production capabilities a top priority, according to officials. Read the full story here
Landmark Deal Reached to Curb Maritime Pollution and Slash Emissions at Sea
Countries have agreed on a global deal to tackle shipping emissions, requiring ship owners to use cleaner fuels or face fines starting in 2028. The agreement, passed at the UN's International Maritime Organisation meeting, aims to reduce emissions from the shipping industry, which accounts for around 3% of global emissions. Read the full story here
China Takes Steps to Ease India’s Concerns Over Soaring $100 Billion Trade Gap
China has signaled its intention to address India's concerns about a growing trade deficit, estimated at a record $100 billion in FY25. Beijing plans to increase imports of Indian goods by removing tariff and non-tariff barriers. India has not taken a formal position on the matter, fearing that easing trade barriers could lead to the dumping of Chinese goods in India. China's ambassador to India, Xu Feihong, has spoken about the possibility of China buying…
Kozyrev Branded a ‘Foreign Agent’: Russia Takes Aim at Former Top Diplomat
Russia's Justice Ministry has added Andrei Kozyrev, the country's first foreign minister after the Soviet Union's fall, to its list of foreign agents. The designation imposes strict legal restrictions, and Kozyrev has been critical of Russia's invasion of Ukraine, calling for diplomats to resign in protest, prompting the Ministry to accuse him of disseminating false information. Read the full story here
Palestinian Authority Extends Open Invitation to US to Inspect and Confirm Demolition of Disputed Detainee Compensation Program
The Palestinian Authority (PA) has extended an invitation to the United States to verify that a controversial prisoner payment system is no longer in place. This move comes as a response to US concerns regarding the system. The PA claims to have abolished the system, which was previously used to provide financial support to detained Palestinians, and is now seeking verification from the US to confirm its discontinuation. Read the full story here
Deadly Clashes Erupt in West Bengal’s Murshidabad as Waqf Act Protests Turn Violent, Claiming Three Lives
Violent protests over the Waqf Amendment Act have resulted in three deaths in West Bengal's Murshidabad district. Two persons, a father and son, were
Pharma Under Fire: Russian Missile Hits Indian Company’s Kyiv Storage Facility
A Russian missile has allegedly struck the warehouse of an Indian pharmaceutical company in Kyiv, Ukraine. The Ukrainian embassy in India claims that Russia deliberately targeted Indian businesses in Ukraine, destroying medicines meant for children and the elderly. The Indian company, Kusum, is a major pharmaceutical firm in Ukraine, providing critical medicines to the population. The incident has been condemned by Britain's ambassador to Ukraine, who stated that Russian strikes have destroyed a major pharmaceuticals…
Ex-Russian Official Lands Behind Bars for Defying British Trade Embargo
A former Russian government minister, Dmitrii Ovsiannikov, has been sentenced to 40 months in prison for breaching UK sanctions. He was found guilty of deliberately avoiding sanctions by receiving over £75,000 from his wife and a new Mercedes Benz SUV from his brother. Ovsiannikov, who has a British passport, was sentenced at Southwark Crown Court for circumventing sanctions imposed due to his role as governor of illegally annexed Crimea. The case is the first prosecution…
China’s Shadow Looms Over EU Trade, Surpassing US as Primary Concern
A Polish minister has stated that the European Union's primary trade concern may be China, rather than the United States. This assertion highlights a potential shift in the EU's trade focus. The minister's comments suggest that China's growing economic influence and trade practices could pose a significant challenge to the EU, potentially outweighing concerns related to US trade policies. Read the full story here
UK Tightens Borders: EU Meat and Dairy Imports Banned Amid Foot-and-Mouth Fears
The UK has imposed a ban on importing meat and dairy products from EU countries for personal use, citing the risk of foot-and-mouth disease (FMD). This move aims to prevent the spread of FMD, which can be devastating to cattle, and protect the UK's food security. Travellers arriving in Great Britain will be restricted from bringing cured meats, raw meats, and milk into the country, with exemptions for certain items like infant milk and medical…