Not even the last desperate joint appeal of the Italian supply chain came to fruition. The Europarliament has definitively approved the regulation on tariff concessions for the least developed countries (the so-called Generalised System of Preferences) for the next ten years, leaving the ‘phantom’ clause on rice imports unchanged. The vertiginous growth of foreign arrivals...Read More

Kazakhstan will redirect crude shipments destined for Germany after Russia announced it would suspend Kazakh oil transit through the Druzhba oil pipeline in Eastern Europe starting May 1. Kazakhstan’s energy ministry said 100,000 metric tons of crude will now be transported through the Baltic Sea port of Ust-Luga in northwestern Russia. Ukraine has repeatedly attacked the oil...Read More

The Georgian government has extended its import tax on sugar for a further year, pushing the deadline to April 22, 2027. A decree published on April 24, 2026 amended a previous decision that had introduced the duty for a one-year period beginning in April 2025. Under the regulation, sugar imports exceeding 100 kilograms are subject...Read More

Last Updated:April 28, 2026, 08:16 IST Iran is grappling with a mounting oil storage crisis as a US blockade slashes exports, forcing it to rely on improvised storage and risky stopgap measures. Vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province (Photo: Reuters) Iran is facing a mounting oil storage crisis...Read More

The airline is considering tariff implications when making maintenance decisions, reflecting its belief that the USA’s tariff-heavy strategy will not shift soon. JetBlue Airways has been adjusting some maintenance practices in response to import tariffs imposed by US president Donald Trump, despite the aerospace industry having secured exemptions from the administration’s most sweeping import duties....Read More

Over the last two months, nations have scrambled to shore up oil supplies as the Iran war prevented oil tankers moving through the Strait of Hormuz. This, according to some global analysts, would lead to a downturn for clean technology exports from China, the world’s top producer of solar, wind, batteries and electric vehicles. They...Read More