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Ghana Standards Authority to Enforce Vehicle Standards from October 1
Politicsmyjoyonline10d ago

Ghana Standards Authority to Enforce Vehicle Standards from October 1

The Ghana Standards Authority (GSA) announced it will strictly enforce the National Vehicle Homologation and Conformity Assessment Programme from October 1, requiring all vehicle manufacturers, assemblers, importers, and distributors to comply or face having non-compliant cars blocked.

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years
BusinessPremium Times1mo ago

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years

The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over the next three years. These investments aim to facilitate trade activities for Nigerian importers and exporters by providing pre-import and post-export financing.

Iran and US Disagree on Nuclear Inspector Access and Frozen Funds
WorldBBCbloombergNYT+60FTle-mondeNPRAl JazeeraFox Newscbcruvfaz+52 more1mo ago63 sources

Iran and US Disagree on Nuclear Inspector Access and Frozen Funds

Iran and the United States are at odds over access for nuclear inspectors and the use of $12 billion in unfrozen funds. While Iran claims the US will unfreeze the funds and insists on its sole discretion for their use, a US official has contradicted this, stating no agreement has been reached regarding nuclear inspectors.

Montenegro Considers Stricter Rules for Vehicle Imports
Businessvijesti-me2mo ago

Montenegro Considers Stricter Rules for Vehicle Imports

Montenegro is proposing stricter rules for the import of vehicles and parts, leading importers to fear increased costs and higher prices for consumers. The Ministry of Transport, however, states that fees will not increase and prices should not rise.

Nigerian Importers Decry High Cargo Clearance Costs at Ports
Worldvanguard-ng2mo ago

Nigerian Importers Decry High Cargo Clearance Costs at Ports

The Importers Association of Nigeria (IMAN) has criticized the escalating costs of cargo clearance at Nigerian ports. They highlighted that clearing a container in Cotonou costs N7 million, while the same cargo costs N15 million in Apapa.

31 Sloths Die in Florida Warehouse
Worldvg3mo ago

31 Sloths Die in Florida Warehouse

Authorities report that 31 sloths died in a Florida warehouse, believed to be from cold shock, while importers suggest an invisible virus as the cause.

Volkswagen Korea chief wins third term as KAIDA chair
BusinessKorea Herald5mo ago

Volkswagen Korea chief wins third term as KAIDA chair

Till Scheer, president and CEO of Volkswagen Group Korea, has been reappointed as chair of the Korea Automobile Importers & Distributors Association for a third consecutive term, the association said Thursday. KAIDA announced that Scheer was elected as its 17th chair at a general meeting held at a Seoul hotel earlier in the day. Having already served as the 15th and 16th chair, he will lead the association for another two-year term. Scheer has extensive experience in the automotive sector across

Serbian Professor Calls for Ban on GMO Food Imports
Environmentdanas5mo ago

Serbian Professor Calls for Ban on GMO Food Imports

Professor Miladin Ševarlić from the Faculty of Agriculture in Belgrade has urged an urgent ban on imports of meat, milk, eggs, and their derivatives unless importers provide certificates confirming no genetically modified organisms (GMO) were used.

Trump Administration Begins Tariff Refunds to Importers
Businessla-repubblica5d ago

Trump Administration Begins Tariff Refunds to Importers

The White House has started repaying approximately $100 billion in tariffs to importers, following a Supreme Court ruling that deemed the use of the International Emergency Economic Power Act for applying tariffs unfounded. Consumers remain excluded from these refunds.

Humenné's Nexis Recovers, Aided by Iran War and State Subsidy
Worlddennik-n22d ago

Humenné's Nexis Recovers, Aided by Iran War and State Subsidy

Nexis, one of Humenné's largest employers, has achieved a nearly balanced economic result after years of problems. The company is benefiting from weakened competitive pressure from Asian fiber importers, as well as a large state subsidy and the war in Iran.

Pakistan LPG Importers Warn of Severe Gas Shortage
PoliticsDawn1mo ago

Pakistan LPG Importers Warn of Severe Gas Shortage

The LPG Importers Association of Pakistan has warned of a serious nationwide shortage of liquefied petroleum gas in the coming days if the government does not immediately intervene and establish a sustainable pricing framework.

EU Gas Supply Concerns Rise Over New Import Rules
Worlddie-presse1mo ago

EU Gas Supply Concerns Rise Over New Import Rules

Concerns are growing that new EU regulations are making it impossible for importers to legally purchase gas from third countries, despite gas flowing again from the Middle East. Companies, including those in Austria, are resisting these rules.

Iran Seeks New Asian Oil Buyers After US Waiver
BusinessTimes of India1mo ago

Iran Seeks New Asian Oil Buyers After US Waiver

Following a temporary US sanctions waiver, Iran is actively seeking new buyers for its oil in Asia, including India, Japan, and South Korea, to clear stored barrels and diversify its customer base.

Nigerian Petroleum Marketers Demand Fuel Price Cuts
Businesspunch-ngvanguard-ng1mo ago2 sources

Nigerian Petroleum Marketers Demand Fuel Price Cuts

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for immediate reductions in fuel prices, citing the recent decline in international crude oil prices. The association urged marketers to adjust prices to reflect current market realities for consumers.

Trump to Headline 250th Anniversary Event After Artists Withdraw
PoliticsAPReutersBBC+58bloombergNYTThe GuardianNPRAl JazeeraCNNdr-dkFox News+50 more2mo ago61 sources

Trump to Headline 250th Anniversary Event After Artists Withdraw

Donald Trump announced he would headline the 250th anniversary fair opening himself, replacing artists who had dropped out of the event. He stated he would draw larger audiences than Elvis and suggested replacing the concerts with a MAGA rally.

UAE Announces Withdrawal from OPEC, Sparking Market Concerns
WorldReutersBBCbloomberg+33FTThe GuardianNPRAl JazeeranzzSCMPde-volkskrantdie-presse+25 more3mo ago36 sources

UAE Announces Withdrawal from OPEC, Sparking Market Concerns

The United Arab Emirates has announced its decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC). This move has prompted widespread discussion about its potential impact on global oil markets, OPEC's future influence, and regional geopolitical alliances.

US-Iran Negotiations Tense Amid Trump Threats and Mixed Signals
PoliticsAPReutersBBC+75bloombergNYTFTThe GuardianNPRAl JazeeraCNNdr-dk+67 more3mo ago78 sources

US-Iran Negotiations Tense Amid Trump Threats and Mixed Signals

US-Iran negotiations are marked by President Trump's threats of military action if a deal isn't reached, while Iran sends mixed signals due to internal divisions. Regional states and international bodies express concerns, including for freedom of navigation in the Strait of Hormuz.

Trump Issues Ultimatum to Iran as Hormuz Shipping Resumes
BusinessAPReutersBBC+94bloombergNYTwsjFTThe GuardianNPRAl JazeeraFox News+86 more3mo ago97 sources

Trump Issues Ultimatum to Iran as Hormuz Shipping Resumes

President Trump issued an ultimatum to Iran, threatening renewed bombing if a deal isn't reached by Wednesday, while Iran rejected his claims and reiterated threats to close the Strait of Hormuz if US blockades persist. European nations are also exploring options to secure shipping in the strait.

Higher Fuel Costs Impact American Small Businesses
FinanceBusiness Insider4mo ago

Higher Fuel Costs Impact American Small Businesses

American small business owners, from those selling bags to coffee importers, are experiencing the adverse effects of rising fuel prices. The increased costs are impacting various aspects of their operations and profitability.

EU Agrees on Customs Reform Impacting E-Commerce
Businesstelex4mo ago

EU Agrees on Customs Reform Impacting E-Commerce

The European Union has reached an agreement on customs reform that will introduce handling fees for packages sent directly from outside the EU to consumers and may classify e-commerce platforms as importers, potentially significantly impacting Chinese e-markets.

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access
WorldAPReutersBBC+153bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+145 more4mo ago156 sources

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access

President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.

Cuba Suffers Nationwide Blackouts Amid US Oil Blockade and Grid Collapse
WorldAPReutersBBC+17NPRAl JazeeraCNNDWSCMPFrance 24aktualne-czforbes+9 more5mo ago20 sources

Cuba Suffers Nationwide Blackouts Amid US Oil Blockade and Grid Collapse

Cuba experienced a nationwide blackout, leaving millions without electricity, after its power grid collapsed due to chronic fuel shortages exacerbated by a US blockade on oil shipments to the island. The national power grid has completely failed, causing widespread outages across the country.

Cyprus businesses to be briefed on EU carbon border mechanism
Businesscyprus-mail5mo ago

Cyprus businesses to be briefed on EU carbon border mechanism

The Cyprus Chamber of Commerce and Industry (Keve) will organise an information seminar in Nicosia on March 19, focusing on the Carbon Border Adjustment Mechanism (CBAM) and its impact on importers. The event, titled “CBAM in Practice What Importers Need to Know Today”, will examine obligations, procedures, compliance and sustainability issues linked to the European […]

NAFDAC restates ban on multi-dose anti-malaria suspension
HealthPremium Times5mo ago

NAFDAC restates ban on multi-dose anti-malaria suspension

The directive applies to all brands of multi-dose artemether/lumefantrine dry powder for oral suspension and to all manufacturers and importers. The post NAFDAC restates ban on multi-dose anti-malaria suspension appeared first on Premium Times Nigeria.

Trump's tariff back-and-forth keeps CEOs on edge
PoliticsBusiness Insider5mo ago

Trump's tariff back-and-forth keeps CEOs on edge

"The tariff thing you got to play almost day by day," grocer Stew Leonard Jr. said. Mario Tama/Getty Images The Supreme Court struck down one set of tariffs last week, only for the Trump administration to slap new ones on. Importers should generally see slightly lower duties, but CEOs aren't banking on big savings. Companies large and small say they're in wait-and-see mode while the changes shake out. When the Supreme Court struck down a major pillar of President Donald Trump's tariff polic...

Politicspunch-ng2d ago

FCCPC Warns Importers Against Unsafe Food Substitutes

Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) has cautioned importers, manufacturers, and distributors in the bakery and confectionery sector against using unsafe substitutes and misleading consumers.

Nigerian Reps Seek Consensus on Downstream Petroleum Reforms
Businessvanguard-ng18d ago

Nigerian Reps Seek Consensus on Downstream Petroleum Reforms

Nigeria's House of Representatives Committee on Petroleum Resources (Downstream) has initiated efforts to bridge the divide between petroleum importers and domestic refiners. This move is part of broader measures aimed at strengthening the country's downstream oil sector.

Trump's New Tariffs Face Legal Challenges and Economic Scrutiny
BusinessNPRcnbcfaz+6der-standardvgdeloforbesYahoonaftemporiki21d ago9 sources

Trump's New Tariffs Face Legal Challenges and Economic Scrutiny

The Trump administration's new round of tariffs, including those targeting forced labor and affecting various countries, has taken effect, immediately prompting lawsuits from businesses and raising questions about their economic impact and legal sustainability.

CBAM Loopholes Reshape Fertilizer Market
Businesscapital-bg1mo ago

CBAM Loopholes Reshape Fertilizer Market

Loopholes in the European Commission's Carbon Border Adjustment Mechanism (CBAM) are reportedly causing a rearrangement of the fertilizer market, impacting European producers and importers.

Employers Accuse Blockages in Foreign Worker Recruitment Process in Romania
Politicsdigi242mo ago

Employers Accuse Blockages in Foreign Worker Recruitment Process in Romania

The Patronage of Importers of Workforce (PIFM) claims that the digital platform for managing the accreditation and approval process for recruiting non-EU workers is non-functional, effectively suspending the activities of recruitment agencies. This has led to significant blockages in bringing foreign labor to Romania.

Worldpunch-ng2mo ago

Nigeria's Central Bank Implements Rules to Stabilize FX Market

Nigeria's Central Bank is introducing new regulations to bring stability to the country's foreign exchange market, which has long been plagued by uncertainty and supply-demand issues. Importers and exporters have faced challenges with delays and documentation.

Trump Administration Reverses Controversial Green Card Policy
PoliticsCNNcnbcSCMP+10orfdigi24YahooTimes of Indiahindustan-timesstraits-timesklix-badaily-star-lebanon+2 more2mo ago13 sources

Trump Administration Reverses Controversial Green Card Policy

The Trump administration has reversed a new rule regarding overseas applications for green cards, which had caused widespread confusion and anxiety. This reversal comes amidst other policy developments, including plans to appeal a court order on tariff refunds.

US LNG Imports to Europe Reach Record Levels
Worldnaftemporiki2mo ago

US LNG Imports to Europe Reach Record Levels

Global liquefied natural gas (LNG) trade has returned to record levels, with imports of LNG from the United States to Europe reaching unprecedented highs, according to the International Group of Liquefied Natural Gas Importers (GIIGNL).

Baltic States Boost Defenses Amid Russian Threat Warnings
WorldReutersBBCbloomberg+58wsjFTThe GuardianAl Jazeeradr-dknzzyle-uutisetnos+50 more2mo ago61 sources

Baltic States Boost Defenses Amid Russian Threat Warnings

Latvia plans to deploy drone fighters along its border with Russia, while NATO is set to strengthen its assigned forces in the Baltic states. This comes as EU officials warn of a dangerous moment and the possibility of Russia attacking NATO countries.

Lithuanian Campaign Aims to Debunk Waste Sorting Myths
Environmentdelfi-lt3mo ago

Lithuanian Campaign Aims to Debunk Waste Sorting Myths

The 'For Lithuania – a Recycling Champion!' campaign, launched by the Producers and Importers Association 'Gamtos ateitis', seeks to educate the public, debunk common myths about waste sorting, and promote responsible recycling practices.

Fuel Retailers Face Minimal or Negative Margins
Businessdnevnik-bg3mo ago

Fuel Retailers Face Minimal or Negative Margins

Fuel retailers are reportedly operating with minimal or even negative profit margins as wholesale fuel prices are increasing faster than the prices at the pumps. This information was presented by the Association of Traders, Producers, Importers, and Carriers.

Putin Signs Decree for Importer VAT Deferral
PoliticsmeduzaDaily Sabah3mo ago2 sources

Putin Signs Decree for Importer VAT Deferral

Russian President Vladimir Putin has signed a decree allowing importers to defer value-added tax (VAT) payments for up to three months. This measure aims to provide economic relief and support businesses.

Trump Criticizes Allies for Rejecting Hormuz Request Amid Iran's Gulf Operations
WorldNYTFTAl Jazeera+25dr-dknzzruvtagesschauSCMPFrance 24el-mundodelfi-lt+17 more5mo ago28 sources

Trump Criticizes Allies for Rejecting Hormuz Request Amid Iran's Gulf Operations

US President Donald Trump has criticized Western allies for their 'ingratitude' after several countries, including Finland, Germany, Spain, and Italy, rebuffed his demand to send warships to escort oil tankers through the Strait of Hormuz, as Iran continues to target oil facilities in the Gulf. Europe faces a strategic dilemma regarding its involvement in the Middle East conflict.

Pakistan Plans to Facilitate Stranded Ships and Clear Projects
Businessexpress-tribune5mo ago

Pakistan Plans to Facilitate Stranded Ships and Clear Projects

Pakistan's government is planning to provide terminals to facilitate stranded ships and rescue 50,000 containers for importers and exporters. Additionally, the CDWP has cleared projects worth Rs15 billion, with four larger projects referred to ECNEC for approval.

Tariffs Create Uncertainty for Small Businesses
BusinessNYT5mo ago

Tariffs Create Uncertainty for Small Businesses

Small businesses, including chocolate makers and fig-paste importers, are facing renewed uncertainty due to tariffs, particularly concerning whether they can seek refunds for tariffs invalidated by the Supreme Court.

Trump tariff refunds may reach companies but what about consumers?
FinanceTimes of India5mo ago

Trump tariff refunds may reach companies but what about consumers?

The US Supreme Court has ordered the refund of $134 billion in tariffs collected under Trump's administration. However, consumers, who indirectly bore the cost through higher prices, are unlikely to receive any of these refunds. Instead, the reimbursements will go to importers who initially paid the levies.