
UK Warns Aid Cutbacks Will Fall Heavily on Women, Children
The evaluation was included in a report Tuesday that detailed which specific development programs would be cut after Prime Minister Keir Starmer called for reducing such aid from 0.5% of the UK's economy to 0.3% to help cover increase military spending.
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Yahoo
17 minutes ago
- Yahoo
US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting
By David Lawder STOCKHOLM (Reuters) -Top U.S. and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating tit-for-tat tariffs and a cut-off of rare earth minerals. Without an agreement, global supply chains could face renewed turmoil from U.S. duties snapping back to triple-digit levels that would amount to a bilateral trade embargo. The Stockholm talks come hot on the heels of Trump's biggest trade deal yet with the European Union on Sunday for a 15% tariff on most EU goods exports to the U.S., including autos. The bloc will also buy $750 billion worth of American energy and make $600 billion worth of U.S. investments in coming years. No similar breakthrough is expected in the U.S.-China talks but trade analysts said that another 90-day extension of a tariff and export control truce struck in mid-May was likely. An extension of that length would prevent further escalation and facilitate planning for a potential meeting between Trump and Chinese President Xi Jinping in late October or early November. A U.S. Treasury spokesperson declined comment on a South China Morning Post report quoting unnamed sources as saying the two sides would refrain from introducing new tariffs or other steps that could escalate the trade war for another 90 days. Trump's administration is poised to impose new sectoral tariffs that will impact China within weeks, including on semiconductors, pharmaceuticals, ship-to-shore cranes and other products. "We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes," Trump told reporters on Sunday before European Commission President Ursula von der Leyen struck their tariff deal. DEEPER ISSUES Previous U.S.-China trade talks in Geneva and London in May and June focused on bringing U.S. and Chinese retaliatory tariffs down from triple-digit levels and restoring the flow of rare earth minerals halted by China and Nvidia's H20 AI chips and other goods halted by the United States. So far, the talks have not delved into broader economic issues. They include U.S. complaints that China's state-led, export-driven model is flooding world markets with cheap goods, and Beijing's complaints that U.S. national security export controls on tech goods seek to stunt Chinese growth. "Geneva and London were really just about trying to get the relationship back on track so that they could, at some point, actually negotiate about the issues which animate the disagreement between the countries in the first place," said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington. "I'd be surprised if there is an early harvest on some of these things but an extension of the ceasefire for another 90 days seems to be the most likely outcome," Kennedy said. U.S. Treasury Secretary Scott Bessent has already flagged a deadline extension and has said he wants China to rebalance its economy away from exports to more domestic consumption -- a decades-long goal for U.S. policymakers. Analysts say the U.S.-China negotiations are far more complex than those with other Asian countries and will require more time. China's grip on the global market for rare earth minerals and magnets, used in everything from military hardware to car windshield wiper motors, has proved to be an effective leverage point on U.S. industries. TRUMP-XI MEETING? In the background of the talks is speculation about a possible meeting between Trump and Xi in late October. Trump has said he will decide soon on a landmark trip to China, and a new flare-up of tariffs and export controls would likely derail planning. Sun Chenghao, a fellow at Tsinghua University's Center for International Security and Strategy in Beijing, said that a Trump-Xi summit would be an opportunity for the U.S. to lower the 20% tariffs on Chinese goods related to fentanyl. In exchange, he said the Chinese side could make good on its 2020 pledge to increase purchases of U.S. farm products and other goods. "The future prospect of the heads of state summit is very beneficial to the negotiations because everyone wants to reach an agreement or pave the way in advance," Sun said. Still, China will likely request a reduction of multi-layered U.S. tariffs totaling 55% on most goods and further easing of U.S. high-tech export controls, analysts said. Beijing has argued that such purchases would help reduce the U.S. trade deficit with China, which reached $295.5 billion in 2024. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
17 minutes ago
- Yahoo
Animal rendering plant responds - as MP calls for it to be shut down over bad smells
A BRADFORD business has said it "makes every effort to minimise odours" - after an MP urged the Council to take steps to shut its operations down amid concerns about bad smells. For years, residents and businesses have complained about odours allegedly linked to the P Waddington animal rendering plant, off Hammerton Street. This week, Imran Hussain, Bradford East Labour MP, wrote to Bradford Council demanding that it looks at the legal options it can take against Waddington & Co (1947) Ltd, with a view to closing its operations. Councillor Susan Hinchcliffe, leader of the Council, said the 'very offensive smells are hugely frustrating' for the area and 'need to stop'. P Waddington has been based in the city since the 1880s, and is one of just a handful of animal by-product rendering facilities in the UK. Dead animals and animal parts - such as bone, offal and hooves - are transported to the site from across the country and then recycled into energy and biofuels. P Waddington - which is owned by Sheffield-based company J G Pears Group - said it "understands concerns of residents and businesses located close to our facility", adding that its "operations are within the strict requirements of our environmental permit and odour management plan". 'Lives blighted' Mr Hussain told the Telegraph & Argus: "For years I have been campaigning for Waddingtons to take action and deal with the foul odours and long-standing concerns of local residents, whose lives have been seriously blighted. "I've written to Bradford Council demanding that they look at all the legal options available to deal with Waddington & Co, with a view to closing down their operation." He said the Council "must look at legal options to act decisively in the public interest". Bradford East MP Imran Hussain (Image: Parliament) He added: "This is not just unpleasant for residents - it's a serious public health issue. "For years, residents have had their lives made a misery. "I'm informed it's getting worse: more frequent, more intense, and more disruptive. "We need a legal solution to fix this situation. "I'm also calling on Bradford City Council to have an urgent debate on this and consider all legal option available." Cllr Hinchcliffe told the T&A: "The very offensive smells are hugely frustrating for the local community and for the wider district and need to stop. Councillor Susan Hinchcliffe, leader of Bradford Council (Image: Newsquest) "We are making so many improvements to the city centre that we now expect everyone to step up, play their part and clean up their act. "As leader, I want to make sure Council officers are doing all they can to hold those responsible to account and I will ask them to look at what more we can do. "We'll be replying to the MP, who has consistently made his views very clear on this matter, more formally in due course." 'We make every effort to minimise odours' Alistair Collins, a director at P Waddington, said: "We would like to highlight that we continue to be open to meeting the MP and community representatives to discuss this matter. "We understand the concerns of residents and businesses located close to our facility. "We also recognise the inherent challenges of a site in such a built-up area; however, the facility is in a designated industrial area, and there are other enterprises nearby handling animal products. "P Waddington make every effort to minimise odours beyond the site boundary. "Our operations are within the strict requirements of our environmental permit and odour management plan. "All of this is done in line with the UK Best Available Techniques (BAT). "BAT ensures that industrial installations use the best available techniques to prevent or minimise emissions and environmental impact. "Our permit was granted because the installation uses modern technology and operating procedures compliant with the current BAT standards. "Other installations handling animal by-products in the UK will be using the same techniques to manage odour and emissions. "The installation is regularly inspected by environmental health officers from Bradford Council. "We work with them constructively to ensure compliant operations at the installation in accordance with our environmental permit. "Animal by-product processing facilities like ours play a vital role in making livestock production sustainable and in preventing animal disease outbreaks. "We take animal material not suitable for food and convert it into safe, reusable resources, such as biofuels. "There are robust regulations governing this sector to ensure the protection of public health."


Fox News
19 minutes ago
- Fox News
Russia has land acquisition from others 'in its DNA,' says Finnish president
Finnish President Alexander Stubb discusses efforts to end Russia's war in Ukraine and U.S.-Finland relations on 'Sunday Night in America.'