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1 day agoGerman customs raid companies over suspected exports to Russia
German customs raided companies suspected of illegally exporting to Russia, violating EU sanctions imposed after the Ukraine invasion.
"We worked hard," WTO Director-General Ngozi Okonjo-Iweala said, adding that the US and Brazil in particular "need more time" to work out their differences over the agreement to impose levies on cross-border online orders.
It has become increasingly clear how great the challenges are in implementing the directive in a national context, both for us in Sweden and in other EU countries. Therefore, a relaunch at EU level is needed and we are now taking the initiative to do so.
"In the era of great powers, our freedom is no longer a given. It is under threat," said German Chancellor Friedrich Merz at the opening of the Munich Security Conference earlier in February. Merz explicitly mentioned China. "China has the ambition to shape global affairs, laying the foundations for this over many years with strategic patience. In the foreseeable future, Beijing could draw level with the US in terms of military might. China is systematically exploiting the dependencies of others, reinterpreting the international order on its own terms," he said.
We want to achieve stability and predictability in trade relations. A united stance within the European Union is important in this regard. Businesses need planning security, and that applies on both sides of the Atlantic. We therefore expect clarity from the US government on the next steps.
At first, it sounds almost too simple like someone claiming they've solved European immigration with nothing more than a calendar and a backpack. But this little pattern, when used intentionally and legally, becomes one of the most elegant travel strategies in the world. It lets you stay in Europe far longer than any tourist visa seems to allow, all without breaking rules, overstaying, or navigating complicated immigration systems.
We begin with a deliberately ambitious question. What would it take for every person on Earth to live at least as well as someone in Switzerland does today-by 2100? Not culturally Swiss, but economically empowered with high incomes, long lives, strong education, and social cohesion. Achieving this would require global GDP to be about 8.5 times higher than it is today. That figure alone is enough to trigger skepticism. Will we have enough energy, materials, food, and innovation?
The International Monetary Fund has warned mounting geopolitical tensions and an escalation of Donald Trump's tariff war could hit global economic growth and trigger a backlash in financial markets. In an update as Trump threatens to impose tariffs on Nato allies opposed to his ambitions in Greenland, the Washington-based fund said a renewed eruption in trade tensions was among the biggest risks to global growth in 2026.
For the European Commission president, Ursula von der Leyen, the EU's trade pact with India was the mother of all deals. Seen from the other end of the telescope, it looked like the mouse of all deals, with just 4bn (3.5bn) in tariff reductions a rounding error in a 180bn trading relationship. But that misses the point: this is about economic heavyweights resetting the terms of their cooperation because of Donald Trump's use of tariffs as a tool of economic and political compulsion.
Australia and the EU are on the brink of striking a long sought after free trade agreement, with both sides talking up significant progress during talks in Brussels overnight. Ahead of a planned visit to Australia by European Commission president Ursula von der Leyen, due within months, a joint statement issued after the latest talks attended by the trade minister, Don Farrell, signalled major progress. The two sides said they had been able to converge on key differences which have dogged the deal for years.
But what is legally possible could pose a serious political problem. Because, as the European Commission pointed out when remarking on the Parliament's negative vote, the legal formula used to process the ratification of this agreement is the same one used for an agreement reached with Chile that did not raise any questions inside the European Parliament. In other words, the outcome of this vote suggests that the opposition for legal concerns is motivated less by legal reasons than by political ones.
Brussels would be willing to discuss closer trade ties with the UK, including the possibility of cooperation on a customs union, a senior European commissioner has said, signalling the clearest openness yet from the EU to re-engage with Britain.Speaking to the BBC after high-level talks in London, Valdis Dombrovskis, the European Commissioner for Economy, said the EU was "ready to engage with an open mind" if the UK wanted to explore deeper economic alignment.