Browsing Tag

deal

Donald Trump Signs Budget Deal, Ending the U.S. Government Shutdown

President Donald Trump signed a short-term spending bill to end a four-day partial government shutdown, hours after the Republican-controlled House approved the measure 217-214 amid a bruising fight over funding for the Department of Homeland Security and the administration’s immigration crackdown. The closure, which began Saturday, halted or disrupted nonessential federal services until Congress sent the measure to the White House on Wednesday. Twenty-one Democrats joined Republicans to push the bill through, while an equal…

Somalia and European Union sign €102 million deal to bolster budget, reforms

Somalia, EU sign €102 million budget-support deal to sustain reforms MOGADISHU — Somalia and the European Union on Friday signed a €102 million ($110 million) financing agreement that provides direct budget support and development funding to help stabilize public finances and keep reforms on track, Somali officials said. The deal, finalized in Mogadishu after high-level talks, signals continued European confidence in the government’s state-building agenda after decades of conflict and institutional collapse. EU officials…

Trump claims U.S.-Cuba deal being forged with senior officials after blockade threat

Trump says U.S. in talks with Havana after threatening tariffs on oil shipments to Cuba WASHINGTON — President Donald Trump said Washington is negotiating with Cuba’s leadership to reach a deal, days after threatening to choke off the island’s fuel supply by imposing tariffs on countries that sell oil to Havana. The push-and-pull approach comes as the second Trump administration escalates pressure on the communist-run island following the U.S. ouster of Venezuelan leader Nicolás Maduro last month. Venezuela, a longtime ally,…

Kurdish militias reach deal to merge with Syrian government forces

Syria’s government and the Kurdish-led Syrian Democratic Forces have reached a sweeping agreement to fold Kurdish security units and their autonomous administration into the central state, capping weeks of clashes that culminated in a cease-fire, according to statements released today by both sides and broadcast on Syrian state television. The accord follows a period of fighting in which Kurdish forces lost control of swathes of territory to pro-government units, leaving them confined largely to Kurdish-majority pockets in…

Trump Drops Greenland Tariff Threat, Announces Framework for a Deal

DAVOS, Switzerland — U.S. President Donald Trump on Wednesday backed away from threats to slap tariffs on European allies over Greenland, ruled out the use of force and said a framework was emerging for a long-term Arctic security and minerals deal that could defuse one of the sharpest transatlantic disputes in years. Trump said the United States and NATO partners had “formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” and, based on that understanding, he would not impose…

Trump unveils Greenland framework deal, withdraws tariffs in major policy move

Trump retreats from Greenland seizure threat, touts open-ended Arctic security deal and lifts tariff warnings DAVOS, Switzerland — President Donald Trump backed down from threats to seize Greenland by force from U.S. ally Denmark, announcing a vague security arrangement he said delivers “everything we wanted” and lifting promised tariffs on European partners that opposed the move. Speaking at the World Economic Forum, Trump said the agreement was negotiated with NATO Secretary-General Mark Rutte and would last “forever,”…

Trump to meet Zelensky at Davos Tuesday, says deal within reach

DAVOS, Switzerland — President Donald Trump said Russia and Ukraine would be “stupid” not to strike a peace deal and claimed he will meet Ukrainian President Volodymyr Zelensky in Davos on Thursday, even as Kyiv insisted Zelensky remains in the Ukrainian capital. Speaking at the World Economic Forum, Trump repeated his view that both Russian President Vladimir Putin and Zelensky are close to an agreement to end the war that began with Russia’s full-scale invasion in February 2022. “I believe they’re at a point now where they…

European Parliament to vote on mounting legal challenge to Mercosur deal

EU lawmakers will vote this morning on whether to ask the bloc’s top court to review the European Union’s newly signed free trade agreement with South America’s Mercosur, a move that could delay the pact by about two years and potentially derail it. The parliamentary vote is scheduled for 11:30 a.m. The EU finalized its largest-ever trade pact last weekend with Mercosur members Argentina, Brazil, Paraguay and Uruguay. The agreement still requires approval before it can take effect, setting off a fresh political fight over…

India, UAE ink $3B LNG deal, expand trade and defence cooperation

NEW DELHI/DUBAI — India signed a $3 billion liquefied natural gas supply deal with the United Arab Emirates on Monday, elevating India to the UAE’s top customer and deepening ties as the two countries pledged to expand trade and pursue a strategic defense partnership. Under the agreement, Abu Dhabi’s ADNOC Gas will supply 0.5 million metric tons of LNG annually to Hindustan Petroleum Corp. for 10 years. ADNOC Gas said the contract lifts the total value of its agreements with Indian buyers to more than $20 billion,…

Tariff threats could blow up EU-US trade deal, McEntee warns

Ireland warns Trump tariff threat would ‘rip up’ EU-US trade deal, vows strong response Ireland’s foreign minister said Tuesday that Donald Trump’s threatened tariffs on European allies would “rip up” an EU-US trade deal struck last year and force Brussels to put billions in countermeasures back on the table, as leaders head to the World Economic Forum in Davos. Donald Trump has said he will impose 10% tariffs on eight European allies from 1 February unless they agree to his purchase of Greenland, a semi-autonomous Danish…