Russia can help China and other nations weather energy supply disruptions stemming from the war in Iran, Foreign Minister Sergey Lavrov said after meeting Chinese President Xi Jinping in Beijing. “Russia can, without a doubt, compensate for the shortfall in resources that has arisen”, Lavrov told reporters in response to a question about the blockade of the Strait of Hormuz. He also said that Chin...
Russia can help China and other nations weather energy supply disruptions stemming from the war in Iran, Foreign Minister Sergey Lavrov said after meeting Chinese President Xi Jinping in Beijing. “Russia can, without a doubt, compensate for the shortfall in resources that has arisen”, Lavrov told reporters in response to a question about the blockade of the Strait of Hormuz. He also said that Chinese-Russian ties are “unshakeable in the face of any storms”. Lavrov confirmed that Russian...
We would like to hear parents’ views on their children’s school meals The government is to announce an overhaul to school food standards in England that will lead to dishes such as fish and chips and steamed sponges being banned . The new rules, which are part of efforts to lower the rates of childhood obesity, will apply from September. We would like to hear parents’ views on their children’s sch...
We would like to hear parents’ views on their children’s school meals The government is to announce an overhaul to school food standards in England that will lead to dishes such as fish and chips and steamed sponges being banned . The new rules, which are part of efforts to lower the rates of childhood obesity, will apply from September. We would like to hear parents’ views on their children’s school meals. Does your child like eating them? Has there been a change in quality? Have you recently considered switching your children from school dinners to packed lunches? Continue reading...
The Trump administration is set to begin accepting claims for tariff refunds starting April 20, returning billions of dollars collected under levies later ruled unlawful by the U.S. Supreme Court . Judge Richard Eaton of the Manhattan-based U.S. Court of International Trade said the government confirmed that they are on track to begin processing claims with interest for certain importers next week...
The Trump administration is set to begin accepting claims for tariff refunds starting April 20, returning billions of dollars collected under levies later ruled unlawful by the U.S. Supreme Court . Judge Richard Eaton of the Manhattan-based U.S. Court of International Trade said the government confirmed that they are on track to begin processing claims with interest for certain importers next week, WSJ reported. The initial phase of refunds is expected to cover roughly $127B of the ~$166B in tariffs collected, which were invalidated by the U.S. Supreme Court. The U.S. Customs and Border Protection has been managing the process, which includes interest payments. A case involving Atmus Filtration Technologies and an $11M claim was withdrawn after the company opted not to remain the public face of the dispute, the report added, citing people familiar with the discussion. The court has since selected a replacement case by Euro-notions Florida, resetting the timeline for potential government appeals with a new 60-day window. Over 3,000 companies have filed lawsuits seeking reimbursement, as the Supreme Court left it to the trade court to determine how refunds should be executed. Judge Eaton has ordered the administration to provide a status update on refund processing progress by April 28, as the large-scale repayment effort begins to take shape. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.
An Evergrande car manufacturing plant in Guangdong province. Photo: VCG The three primary manufacturing bases of Hong Kong-listed China Evergrande New Energy Vehicle Group Ltd. have all entered bankruptcy proceedings, with nearly 18 billion yuan ($2.6 billion) in confirmed debt. The dismantling of the electric-vehicle unit closes the final chapter on disgraced founder Hui Ka Yan’s multi-billion-do...
An Evergrande car manufacturing plant in Guangdong province. Photo: VCG The three primary manufacturing bases of Hong Kong-listed China Evergrande New Energy Vehicle Group Ltd. have all entered bankruptcy proceedings, with nearly 18 billion yuan ($2.6 billion) in confirmed debt. The dismantling of the electric-vehicle unit closes the final chapter on disgraced founder Hui Ka Yan’s multi-billion-dollar automotive dream, which collapsed alongside his real estate empire amid a severe liquidity crisis.
Spanish Prime Minister Pedro Sánchez and Vietnamese leader To Lam are the latest world leaders to meet with Chinese President Xi Jinping amid global trade tensions and the war in Iran. Xi also this week met Russian Foreign Minister Sergey Lavrov and Abu Dhabi’s crown prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. The president of Mozambique arrives in China this week as well. US President ...
Spanish Prime Minister Pedro Sánchez and Vietnamese leader To Lam are the latest world leaders to meet with Chinese President Xi Jinping amid global trade tensions and the war in Iran. Xi also this week met Russian Foreign Minister Sergey Lavrov and Abu Dhabi’s crown prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. The president of Mozambique arrives in China this week as well. US President Donald Trump delayed his trip to China to May 14-15 in order to focus on the conflict in the Middle...
Europe Drafts Pie In The Sky Plan To Free Up Hormuz Without 'Belligerent' Parties This is quite the ambitious headline revealing the latest 'plan' for Hormuz to come out of Europe, as it sits on the sidelines watching the US get potentially bogged down in the region following a month of heavy airstrikes on Iran: Europe drafts postwar plan to free up Strait of Hormuz without US , WSJ reports. This ...
Europe Drafts Pie In The Sky Plan To Free Up Hormuz Without 'Belligerent' Parties This is quite the ambitious headline revealing the latest 'plan' for Hormuz to come out of Europe, as it sits on the sidelines watching the US get potentially bogged down in the region following a month of heavy airstrikes on Iran: Europe drafts postwar plan to free up Strait of Hormuz without US , WSJ reports. This is apparently a plan for after the main crisis is over, amid the strait still being blockaded (with the each warring side insisting it is they in control of the strategic chokepoint waterway). It seems the main idea is to eventually take the United States out of the equation , allowing only for the 'neutral' countries to free up and clean the Hormuz Strait. Both the Iranians & Americans still step aside & tiny French warships will move in? But the whole thing is very strange - on the one hand, it purports to keep one of the key belligerents, namely the United States, at bay - while on the other envisioning European/NATO military ships engaged in freedom navigation operations, including some mine-clearing. For example, there is this line from the Journal report: "French President Emmanuel Macron said Tuesday the plan is for an international defensive mission that doesn't include the 'belligerent' parties, meaning the US, Israel and Iran . European diplomats familiar with the plan say European ships wouldn't be under American command." According to a Newsquawk summary of the WSJ main highlights: —European countries are putting together a plan for a broad coalition of countries to help free up shipping through the Strait of Hormuz, including sending mine-clearing and other military vessels . But the plan would only come after the war and may exclude the US. —Some differences must still be worked: French diplomats think that any US involvement in the operation would make it less palatable to Tehran , while British officials worry that not including the Americans will anger Trum...