EU Council and Parliament Agree on Regulation to Protect EU Steel Industry from Global Overcapacity
The Council of the EU and the European Parliament concluded a provisional agreement on 30 June 2026 concerning new regulatory measures to address global steel overcapacity affecting the EU market. This regulation will replace the current steel safeguard mechanisms set to expire on 30 June 2026, ensuring uninterrupted protection for the EU's steel industry. The regulation introduces a revised tariff-rate quota (TRQ) system that significantly reduces the volume of steel import quotas by approximately 47% relative to the 2024 safeguard quotas, equating to 18.3 million tonnes of annual import volumes. Imports exceeding these quotas will incur a heightened out-of-quota duty... [Continue Reading]
Breaking-360LiveNews | 13 Apr 2026 23:03 LONDON
European Commission to Discuss Potential Sanctions Against Israel Amid Rising Violence in Lebanon
As violence escalates in Lebanon, the European Commission has renewed discussions regarding potential sanctions against Israel, referring to recent military actions that resulted in significant civilian casualties. A European Commission spokeswoman stated that "measures are still on the table," with President Ursula von der Leyen scheduled to hold emergency talks on the situation with her 26 commissioners on Monday. Reports indicate that Israeli airstrikes on Wednesday resulted in the deaths of approximately 200 civilians, prompting widespread condemnation from EU officials. Kaja Kallas, the EU's foreign affairs chief, emphasized that the heavy civilian toll makes it challenging to justify Israel's actions... [Continue Reading]
360LiveNews | 09 Apr 2026 16:13 LONDON
