International Trade

Moldova Wine Industry's EU Focus Pays Off

In the small Moldovan village of Pereni, Nicolae Tronciu gazes at his vineyard, with its buds ready to bloom. The 71-year-old launched his current brand four years ago, selling it to Europe rather than Russia, traditionally his country's biggest customer -- a move that is paying off amid the war in Ukraine.
Picture for Moldova Wine Industry's EU Focus Pays Off

Government will not rule out windfall tax despite opposition from ministers

The Government has not ruled out imposing a windfall tax on energy companies despite strong opposition from several ministers.Education Secretary Nadhim Zahawi has said the Cabinet is considering “all the options” to combat the cost-of-living crisis, including a one-off levy on firms which have benefited from globally high gas and oil prices.Chancellor Rishi Sunak has not ruled out imposing a windfall tax on energy producers, but ministers including Anne-Marie Trevelyan, Brandon Lewis, Sajid Javid and Jacob Rees-Mogg have criticised the measure as ineffective.When asked about imposing a windfall tax by Sky’s Sophy Ridge on Sunday, Mr Zahawi said: “We will...
Picture for Government will not rule out windfall tax despite opposition from ministers
International Business Times

In Japan, Biden To Launch Economic Plan For Region Sceptical On Benefits

President Joe Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the programme is announced that it will offer scant benefit to countries in the region. On the second leg of his first Asia trip as president,...

Disaster relief charity called in over post-Brexit lorry port queues

A crisis relief charity offering emergency help after earthquakes, hurricanes and floods is being drafted in to ease the suffering of lorry drivers stuck in post-Brexit queues.RE:ACT Disaster Response also works in war-torn Afghanistan and Ukraine – but has now signed a deal with Kent County Council as it struggles with gridlock at the Port of Dover.Drivers spend many hours in their cabs because of the mountain of red tape created by Boris Johnson’s Brexit deal, which brought frictionless trade with the EU to the end.The truckers have been left without access to toilets, food or drink on the...

Truss and US politicians discuss ‘cast-iron commitment’ to Good Friday Agreement

The foreign secretary said she discussed the UK’s “cast-iron commitment” to the Good Friday Agreement during a meeting with US politicians.Liz Truss said it was “great” welcoming a bipartisan US congressional delegation led by top Democrat Richard Neal, with topics of conversation ranging from the peace treaty to “the importance of free trade” and Russia’s invasion of Ukraine.It comes during heightened tensions over the post-Brexit deal on Northern Ireland.Mr Neal, the head of the powerful ways and means committee in the US house of representatives, also spoke with Anne-Marie Trevelyan, the international trade secretary, and Labour leader Sir Keir...

Joe Biden ally aims to ‘convince’ UK government to drop protocol plan during London talks

Liz Truss faces a showdown meeting with a close ally of US president Joe Biden on Saturday amid international efforts to prevent the British government from overriding the Northern Ireland Protocol.The foreign secretrary, and international trade secretary Anne-Marie Trevelyan, are due to hold talks in London with Congressman Richard Neal. who said he would to urge UK ministers against any unilateral “breach” of the Brexit treaty.It follows a warning from House Speaker Nancy Pelosi, who said that the US Congress would not agree to any trade deal if Britain plunges ahead with a plan to “discard” the protocol.Mr Neal,...
US News and World Report

Biden, S.Korea's Yoon Vow to Deter N.Korea While Offering COVID-19 Aid

SEOUL (Reuters) - President Joe Biden and his new South Korean counterpart agreed on Saturday to hold bigger military drills and deploy more U.S. weapons if necessary to deter North Korea, while offering to send COVID-19 vaccines and potentially meet Kim Jong Un. Biden and Yoon Suk-yeol said their countries'...