Keywords: International trade


South Korea investigates ship fire in Strait of Hormuz amid regional tensions

South Korean authorities have launched an investigation into an explosion and fire aboard the cargo vessel HMM Namu after the incident occurred near the strategically important Strait of Hormuz, a key global shipping route in the Middle East. The vessel, operated by HMM Co. Ltd., was later towed safely......

Radico Khaitan resumes Gulf exports as regional tensions ease

Indian liquor producer Radico Khaitan has resumed shipments to Gulf countries after exports were temporarily disrupted by regional geopolitical tensions earlier this year. Company officials stated that deliveries gradually restarted in late April following a slowdown that affected trade and consumer......

US tariff refund process running smoother than expected, says Kuehne + Nagel

The online system for reclaiming U.S. tariff payments ruled unlawful by the Supreme Court is operating more smoothly than initially expected, according to a customs specialist at Swiss logistics group Kuehne + Nagel. The refund mechanism was launched last month following a court decision that struck......

Singapore and New Zealand sign pact to secure supply chains during crises

Singapore and New Zealand have signed a new agreement aimed at keeping supply chains open during times of global disruption. The deal reflects growing concerns about the resilience of international trade networks amid geopolitical tensions and economic uncertainty. The agreement was signed in Singapore......

China lifts countermeasures against two EU banks after sanctions rollback

China has announced the removal of countermeasures imposed on two European Union banks following a reciprocal easing of sanctions by the European bloc, marking a small step toward stabilizing financial relations between the two sides. The decision was confirmed by China’s Ministry of Commerce......

Donald Trump threatens to reconsider trade deal with the United Kingdom

Former U.S. President Donald Trump has raised the possibility of revisiting a trade agreement with the United Kingdom, signaling potential tensions in transatlantic economic relations. The agreement, concluded last year between Washington and London, aimed to limit U.S. tariffs on most British manufactured......

Switzerland maintains mandate for US trade negotiations, says minister

Switzerland is reaffirming its commitment to ongoing trade negotiations with the United States, aiming to formalize a deal on tariffs initially agreed last year, Economy Minister Guy Parmelin said on Friday. Speaking from Zurich, Parmelin highlighted that Switzerland will continue discussions with the......

Massad Boulos, a business figure bridging the Middle East and U.S. politics

Over the past decades, the name Massad Boulos has gradually become associated with international entrepreneurship, cross-border investment and strategic influence. Originally from Lebanon and later established in the United States, he represents a generation of businessmen who successfully combined global......

Donald Trump announces 25% tariffs on South Korean products

Former U.S. president Donald Trump announced that several South Korean products will now face tariffs of up to 25%, citing delays by the South Korean Parliament in ratifying a bilateral trade agreement. The decision marks a new escalation in trade tensions between Washington and Seoul. In a statement......