China said it will reduce tariffs on certain EU dairy products from Friday but still impose "anti-subsidy" levies of up to 11.7 percent for five years.
The tolls will be imposed after an investigation determined "certain dairy products originating from the EU were subsidised, causing substantial damage to the dairy industry in China", the commerce ministry said in a statement on Thursday.
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United States Energy Secretary Chris Wright arrived Wednesday in Venezuela for a firsthand assessment of the country's oil industry, a visit that further asserts the U.S. government's self-appointed role in turning around Venezuela's dilapidated energy sector.
Wright met Venezuela's acting President Delcy Rodríguez at the Miraflores presidential palace in the capital, Caracas. He is expected to meet with government officials, oil executives and others during a three-day visit to the South American country.
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U.S. House lawmakers voted Wednesday to reject Donald Trump's tariffs on Canadian goods, sweeping aside the president's last-gasp threat of election consequences for Republicans to deliver a rare rebuke on his signature economic policy.
The resolution brought by Democrats was approved by a vote of 219 to 211, with six Republicans joining the effort. Even if it passes the U.S. Senate, it would face a likely veto by Trump.
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Libya granted several foreign companies new oil exploration and production licenses for the first time in 17 years on Wednesday, after more than a decade of political instability.
The hydrocarbon-rich country is seeking to draw major global energy companies back, while boosting daily oil production by 850,000 barrels over the next 25 years.
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Opposition to a deal that would allow U.S. companies access to critical minerals in Congo is growing after Congo's President Felix Tshisekedi returned from the U.S. minerals summit last week — with praises from U.S. President Donald Trump and U.S. lawmakers.
Tshisekedi has offered U.S. companies access to eastern Congo's rich minerals — mostly untapped and estimated to be worth $24 trillion – as a bargaining chip for U.S. support to help fight off rebels and build critical infrastructure in the region where Rwanda-backed rebels seized major cities last year.
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Dubai International Airport maintained its crown as the world's busiest airport last year as officials said Wednesday that a record 95.2 million passengers transited through its terminals, part of the emirate's continued economic boom.
The airport took off in the post-pandemic years, spurred by worldwide interest in travel and by ever-increasing tourism, business and real estate opportunities in the biggest city in the United Arab Emirates. Dubai on Monday reported a 5% increase in tourists last year, to 19.6 million, a third consecutive year of record-breaking figures.
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Inflation in crisis-prone Argentina accelerated more than expected and for a fifth straight month in January, the country's statistics agency said Tuesday, a closely watched report whose outdated methodology in recent days stoked political turmoil and created a headache for libertarian President Javier Milei.
Consumer prices rose 2.9% last month compared with December, said the statistics agency known by its Spanish acronym INDEC, largely owing to increases in the prices of food, restaurants, hotels and utility bills.
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Lebanon and Jordan are seeking a solution with Syria after the latter barred foreign trucks from entering its territory, officials from both countries told AFP on Tuesday.
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Oil and gas exports have sustained Russia's finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years.
It's the result of new punitive measures from the U.S. and the European Union, U.S. President Donald Trump's tariff pressure against India, and a tightening crackdown on the fleet of sanctions-dodging tankers carrying Russian oil.
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Hanadi Abu Zant hasn't been able to pay rent on her apartment in the occupied West Bank for nearly a year after losing her permit to work inside Israel. When her landlord calls the police on her, she hides in a mosque.
"My biggest fear is being kicked out of my home. Where will we sleep, on the street?" she said, wiping tears from her cheeks.
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