Latest news with #BarbaraLewis
Global News
2 days ago
- Business
- Global News
China threatens Canada with countermeasures over steel import curbs
See more sharing options Send this page to someone via email Share this item on Twitter Share this item via WhatsApp Share this item on Facebook China's commerce ministry called on Canada to correct the 'wrong practice' of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Ottawa this week introduced a tariff rate quota for countries with which it has free trade agreements, excluding the U.S., and imposed additional tariffs on steel imports from all countries containing steel melted and poured in China before the end of July. –Reporting by Beijing Newsroom; editing by Barbara Lewis
Time of India
4 days ago
- Automotive
- Time of India
Austria's Steyr Automotive wins large electric truck order from Chinese firm
Austria's Steyr Automotive has won an order to produce electric trucks for China's SuperPanther for sale in the European market , it said on Tuesday. Chinese automakers have expanded in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands. This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed to protect European producers. China avoids tariffs if its models are produced in Europe. In mid-June, Steyr and SuperPanther signed an agreement for the production of electric trucks. No financial details were disclosed. Steyr, which was acquired from Germany's MAN by Austrian investor Siegfried Wolf in 2021, could produce thousands of electric trucks for the European market, local newspaper Oberoesterreichische Nachrichten reported on Tuesday. Steyr told Reuters the tractor units will be manufactured with two axles, as is common in Europe, in contrast to the three-axle model produced by SuperPanther in China. The Austrian company added that SuperPanther plans to sell up to 16,000 electric trucks in Europe by 2030 and that the vehicle's production will start next year. Barbara Lewis )
The Star
07-07-2025
- Business
- The Star
Apple takes fight against $587 million EU antitrust fine to court
BRUSSELS (Reuters) -Apple took a challenge against EU regulators to Europe's second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European Commission in a decision in April said the iPhone maker's technical and commercial restrictions that prevent app developers from steering users to cheaper deals outside the App Store breached the Digital Markets Act. ($1 = 0.8522 euros) (Reporting by Foo Yun Chee; editing by Barbara Lewis)
Zawya
12-06-2025
- Business
- Zawya
Jordan issues tender to buy up to 120,000 metric tons of wheat
HAMBURG: Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins, European traders said on Thursday. The deadline for submission of price offers is June 17. Shipment in the tender is sought in a series of possible combinations of consignments of 50,000 to 60,000 tons between September 1-15, September 16-30, October 1-15 and October 16-31. In its last reported wheat tender on April 29, Jordan purchased about 60,000 tons. Jordan on Thursday also issued a separate tender to buy up to 120,000 tons of animal feed barley. (Reporting by Michael Hogan, editing by Barbara Lewis)
Time of India
06-05-2025
- Business
- Time of India
Russian Urals oil prices stay below the Western price cap, data shows, ET EnergyWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Moscow: Urals oil loaded in the Russian Baltic and the Black Sea's Novorossiisk ports has traded below the price cap set by Western countries since April 3, Reuters calculations based on LSEG data price cap introduced by the Group of Seven (G7) countries does not allow Western companies to provide insurance and transportation services for Russian oil cargoes sold at more than $60 per most of last year, Urals traded above the price cap, but as international oil benchmark prices have fallen this year, Urals estimates dropped below $60 per Brent was trading around $61 a barrel on Tuesday, far from a peak above $80 a barrel hit early this year, as concerns about global economic weakness and increased output from OPEC+ have driven a estimated price of Urals on a FOB Primorsk and Ust-Luga basis fell to an average of $53 per barrel in April from an average of $60.5 per barrel in January-March, the data showed. The cost of the grade on a FOB Novorossiisk basis fell to $53.5 on average in April from $61.5 on average in the first quarter of this to Reuters calculations, on Tuesday, Urals oil shipped from Russian Baltic ports on a FOB basis was valued at $49.6 per barrel. At the same time, cargoes loading from the Black Sea Novorossiisk were estimated at $49.8 per stabilisation of Urals below the price cap, has led some Greek shipowners to return to the market. (Reporting by Reuters; editing by Barbara Lewis)
