Breakfast News Recap: Ukraine under fresh attack as US tariffs hit Canada and Middle East tensions rise
Ukraine faced another deadly wave of Russian attacks, with the death toll from a drone strike on a shopping centre in Kryvyi Rih rising to 16 and 130 people injured, while separate strikes killed at least two more people and caused fires and injuries in Kyiv and Zaporizhzhia. 🔗 🔗European pressure on Moscow is also intensifying, with the EU threatening tougher sanctions after the Kryvyi Rih strike, and Ukraine separately imposing sanctions on the producers and distributors of the Russian animated series Masha and the Bear, which Kyiv says is linked to national security concerns. 🔗 🔗In the Middle East,... [Continue Reading]
360LiveNews Recap | 22 Aug 2026 08:37 LONDON
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US imposes 50% tariffs on Canadian goods after trade talks fail
The United States has imposed 50% tariffs on about $20bn worth of Canadian goods after trade talks in Washington, DC failed to produce a deal. The move came after three days of negotiations and followed the expiry of a deadline set by President Donald Trump at 12:01am Eastern Time on Saturday. Canada said it would respond with retaliatory tariffs on a dollar-for-dollar basis.Canadian Prime Minister Mark Carney said Ottawa would match the new tariffs and described recent progress in talks as insufficient to meet Canada's objectives. He said his government would introduce new measures in the coming days to support... [Continue Reading]
360LiveNews | 22 Aug 2026 06:00 LONDON
Iran parliament advances foreign infiltration bill amid wartime tensions
Iran's hardline-dominated parliament has approved the broad outlines of a bill aimed at countering what it describes as foreign infiltration, in a move that would tighten controls on contact with universities, embassies and foreign media. The proposal was approved during a remote parliamentary session on Sunday, according to the supplied report, and is being presented by supporters as a national-security measure. It comes as Iranian authorities remain focused on wartime security concerns and the possibility of further military escalation.The draft would require citizens and entities to seek authorisation before contacting universities and embassies or speaking to foreign media. A previously... [Continue Reading]
360LiveNews | 19 Aug 2026 20:00 LONDON
Iran war drives UAE trade suspension and coal profit surge amid energy shock
The war involving Iran is continuing to disrupt energy and trade flows across the Gulf, with the United Arab Emirates suspending trade, commercial exchanges and financial transactions with Iran after saying it detected two ballistic missiles launched from Iranian territory. At the same time, coal producers are reporting stronger profits as buyers look for alternative fuels amid reduced oil and gas supplies. The developments underline how the conflict is rippling beyond the battlefield into shipping, commodities and regional commerce.According to the supplied material, the UAE moved to halt trade-related activity with Iran after the missile launches were detected. The same... [Continue Reading]
360LiveNews | 19 Aug 2026 08:30 LONDON
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Trump pauses 50% Canada tariffs for three days as trade deal nears
The United States has paused planned 50% tariffs on Canadian goods for three days after the two countries said they had reached an agreement in principle, pending final documents. The move came just hours before the duties were due to take effect, avoiding an immediate escalation in a dispute that had been building for weeks. Canadian Prime Minister Mark Carney said substantial progress had been made, while also stressing that more work remained.Trump said in a social media post that the pause was based on the fact that Canada and the United States, subject to the finalisation of documents, had... [Continue Reading]
360LiveNews | 19 Aug 2026 05:02 LONDON
Canada races to avert looming 50% US tariffs on exports
Canadian officials are making a last-ditch effort to secure a reprieve from 50% tariffs that the United States is due to impose on a broad range of Canadian exports on Wednesday. The talks come as negotiations between the two countries enter the eleventh hour, with Ottawa trying to avoid a new trade shock affecting billions of dollars in goods. The threatened duties would apply to products including electronics, industrial machinery, furniture, dairy products and wine.The tariffs would cover about $20.2bn worth of goods, or roughly 5% of US imports from Canada, according to the Center for Strategic and International Studies.... [Continue Reading]
360LiveNews | 18 Aug 2026 09:30 LONDON
China's Sea Legend announces Arctic shipping route to Europe amid Red Sea disruption
China has announced a new Arctic shipping route linking Ningbo on its east coast with Felixstowe in eastern England, via Russia's Northern Sea Route. The service has been presented as an alternative trade corridor at a time when shipping through the Middle East has been disrupted. The route is being marketed under the name "Ice Silk Road," a reference to China's historic overland trade links with Europe.The announcement was made by the container shipping company Sea Legend, which said it formally launched the route last week. According to the supporting material, the company had already carried out a test voyage... [Continue Reading]
360LiveNews | 18 Aug 2026 08:03 LONDON
War and blockade deepen Iran's economic strain as prices rise and wages lag
Months of war with the United States and a naval blockade of Iranian ports are intensifying economic pressure across Iran, according to a report published on 16 August. In Tehran, residents described a labour market with few attractive openings, low pay and worsening living costs. The report said the strain is being felt most sharply by workers trying to cover basic expenses while searching for better-paid jobs.One Tehran resident, Saeed, said he was looking for work beyond his current elementary school teaching job because the available postings offered poor conditions and little security. He said many employers were offering monthly... [Continue Reading]
360LiveNews | 16 Aug 2026 13:38 LONDON
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