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GLOBAL TRADE WATCH

Germany warns EU will retaliate if US raises auto tariffs to 25%

Germany warned on Monday that the European Union is prepared to take countermeasures if the United States moves ahead with plans to sharply increase tariffs on European automobile imports.
05-May-2026
Firsthand stories shaping the region

Japan's energy shock

Japan's near-total reliance on Middle East oil has turned the Hormuz blockade into a structural crisis, triggering severe shortages in naphtha, rising costs for fisheries and agriculture, and exposing deep industrial vulnerabilities.
05-May-2026

MIDDLE EAST

Local stories, global relevance

Chinese FM says Iran entitled to peaceful nuclear development

Chinese Foreign Minister Wang Yi said on Wednesday that China appreciates Iran's commitment not to pursue nuclear weapons while affirming its legitimate right to peaceful use of nuclear energy, as he held talks with his Iranian counterpart Seyed Abbas Araghchi in Beijing.
06-May-2026

Trump to pause US military operation guiding ships out of Hormuz

US President Donald Trump said in a social media post on Tuesday that the operation to guide ships out of the Strait of Hormuz, dubbed "Project Freedom" by the US, will be paused for a short period to see whether an agreement can be finalized and signed between Washington and Tehran, although the blockade will remain in force.
06-May-2026

UAE fortifies economy amid fragile regional peace

While the Middle East regional landscape remains uncertain, the United Arab Emirates is moving quickly to insulate its economy and accelerate recovery.
06-May-2026

EUROPE

Exploring Europe through diverse voices and views
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AFRICA

Authentic voices, real stories from Africa

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