EU and India conclude negotiations for free trade agreement
The European Union and India have concluded negotiations for a free trade agreement, marking the largest such deal ever concluded by either side.
US pauses Greenland tariff threat
The US has paused threatened tariff increases against several European allies following talks between US President Donald Trump and NATO Secretary General Mark Rutte, easing tensions that had escalated over Greenland and transatlantic trade.
EU parliament delays Mercosur deal
The European Parliament has moved to delay ratification of the European Union-Mercosur trade agreement by requesting a legal opinion from the Court of Justice of the European Union. After 25 years of negotiations, the free trade deal was signed on Jan. 17 by the President of the European Commission, Ursula ...
The EU and Mercosur sign a free trade agreement
On Jan. 17, the European Union and Mercosur signed a Partnership Agreement (EMPA) and an Interim Trade Agreement (iTA). However, the controversial free trade deal still has to be approved by the European Parliament and single EU member states.
US threatens to hike trade tariffs for 8 European countries in Greenland standoff
The US President Donald Trump announced additional tariffs on imports from eight European countries until an agreement is reached for the purchase of Greenland by the US. If applied, duties on exports to the US could increase to 35 percent for the UK and 40 percent for the other six ...
Saks Global files for bankruptcy
Saks Global, the US high-end department store group, has filed for bankruptcy and has announced the appointment of a new CEO and a financing commitment of about $1.75 billion to help fund a turnaround.
EU countries clear the Mercosur trade deal
A qualified majority of European Union member states has given the go-ahead to a free trade deal with the South American trade bloc Mercosur, despite protests of farmers and the opposition of France.
EU introduces €3 duty on parcels worth less than €150
The member states of the European Union have agreed to introduce a temporary €3 customs duty per item on e-commerce parcels valued below €150, starting on July 1, 2026. If a parcel has several items of the same product the tax will only apply once. But if it contains different ...
Tod’s obtains postponement on ruling regarding advertising ban
A Milan-based court has granted a request by Tod’s to postpone a hearing on whether its advertising should be banned for six months due to concerns over alleged labor abuses within its supply chain.
Indian labor reform seen cutting red tape but hiking cost of hiring
India’s labor reform should ease the compliance burden for businesses, but the cost of hiring may rise, according to the Japanese brokerage Nomura.