Irish Whiskey Association warns of cross-border tariff disparity after Trump announcement

A promised rollback of US tariffs on Scotch whisky has raised hopes — and fresh uncertainty — for Irish distillers, as the Irish Whiskey Association (IWA) called for a broader return to duty-free spirits trade across the Atlantic. In a statement, the IWA, which represents whiskey producers across the island of Ireland, said it welcomed "any move towards restoration of tariff-free transatlantic spirits trade" after US President Donald Trump announced he would remove tariffs on Scotch Whisky imports. The group said it shares…

Trump says he will remove tariffs on Scottish whisky in honor of King Charles

Scottish whisky is set for a major boost after US President Donald Trump said he will scrap tariffs on the industry, crediting the move in part to this week's White House visit by Britain's King Charles and Queen Camilla. Trump pointed to the long-standing ties between Scotch makers and the American bourbon sector, as well as the effect of the royal visit, in announcing the change. Many Scotch distillers rely on casks sourced from the United States. The president said that although "people have wanted to do this for a long…

Brazil lawmakers reduce Bolsonaro prison term in setback for Lula

Brazil’s Congress dealt President Luiz Inacio Lula da Silva a stinging political blow by overturning his veto of legislation that sharply cuts the prison term of his longtime rival Jair Bolsonaro, marking Lula’s second significant setback in two days. Bolsonaro, the former president, 71, was sentenced last year to 27 years in prison for plotting a coup after trying to remain in power following his defeat to Lula in the 2022 election. Lula, a leftist leader seeking to block the measure, had opposed an effort by the…

Magyar pushes in Brussels to unblock billions in EU funds for Hungary

Hungary’s incoming leader, Peter Magyar, says EU money frozen during Viktor Orban’s long standoff with Brussels could begin reaching Budapest soon, after high-level talks on his first trip to the Belgian capital since his election victory. The conservative politician flew to the centre of the European Union before formally taking office next month, signalling an early break with the rancour that defined Mr Orban’s 16 years in power. After what he described as a “highly constructive” meeting with European Commission president…

Iran threatens ‘painful’ response if U.S. renews attacks

Iran has threatened “long and painful strikes” on American positions if Washington resumes attacks and presses its claim over the Strait of Hormuz, injecting fresh uncertainty into US efforts to assemble a coalition to reopen the crucial waterway. Now two months into the US-Israeli war with Iran, the narrow sea passage remains shut, cutting off 20% of global oil and gas supplies. The disruption has driven energy prices sharply higher and intensified fears that the world economy could slide toward a downturn. Attempts to…

ECB keeps interest rates unchanged after debating possible hike

Warning lights over inflation are flashing brighter across the euro zone, and while the European Central Bank kept interest rates on hold as expected today, it made clear that pressure is building for rate cuts to give way to hikes, with markets now looking to June for the first move. Inflation climbed to 3% this month, comfortably above the bank's 2% target, and policymakers now face the prospect of further acceleration after the Iran war drove oil prices to their highest level in four years. ECB President Christine Lagarde…

Supreme Court confirms TikTok can continue EU-China data transfers during appeal

TikTok has won a crucial reprieve in its battle over European user data, after the Supreme Court here confirmed the company may continue transferring data from the European Union to China while it pursues an appeal against a regulator’s order to stop the practice over privacy concerns. The platform’s lead EU privacy watchdog, the Irish Data Protection Commission, imposed a €530m fine on the short-video app last May and directed it to suspend data transfers to China unless its processing was brought into ⁠compliance within…

UK prime minister urges unity against antisemitism after latest attack

Britain has moved to bolster protection for Jewish communities after a fresh attack in north London sharpened fears over antisemitism and security, with Prime Minister Keir Starmer promising immediate support and urging the country to stand together. Under fire from British Jews who say ministers have too often failed to keep them safe, Mr Starmer said funding for synagogues and other community sites would be increased at once, while stressing that the response cannot rest on security measures alone and that the country…

Iran’s supreme leader vows to protect nuclear and missile capabilities

Iran’s Supreme Leader, Ayatollah Mojtaba Khamenei, declared that Tehran will defend its "nuclear and missile capabilities" as core national assets, striking a combative note as Washington presses for a broader agreement to shore up a fragile ceasefire. The intervention comes as US President Donald Trump pushes for an expanded deal aimed at reinforcing the uneasy truce that followed the war. Since assuming power after his father was killed at the outset of the conflict, Mr Khamenei has consistently projected defiance, and his…

LIV seeks new investors after losing Saudi backing

LIV Golf wasted little time charting its next move after confirmation that Saudi financial support for the breakaway circuit will come to an end, unveiling a new board and opening the door to fresh long-term investors. Reports earlier this week said Saudi Arabia's Public Investment Fund (PIF) would stop its backing — worth more than $1bn a year since 2022 — after the league's 2026 season. Without naming PIF directly, LIV said on Thursday it was making a "transition from a foundational launch phase to a diversified,…