Breakfast News Recap: US Iran strikes deepen as floods, trade tensions and Gaza violence mount
The biggest escalation remains the US campaign against Iran, with American strikes continuing for an 11th straight night, Iranian air defences activated in Tehran and explosions reported near Natanz, while Donald Trump warned the United States was “not finished” and could hit the Pickaxe Mountain area soon. 🔗 🔗Washington is also facing the financial and political cost of the conflict, after Defence Secretary Pete Hegseth told senators the war has cost about $37.5bn so far and pressed Congress for urgent extra funding. A US soldier has also been identified after dying in northern Iraq in a controlled detonation of a... [Continue Reading]
360LiveNews Recap | 22 Jul 2026 08:45 LONDON
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Trump announces phased tariff plan for imported generic medicines
US President Donald Trump has announced a phased tariff plan for imported generic medicines, saying the policy is intended to push pharmaceutical manufacturing back to the United States. The announcement was made in a post on Truth Social and sets out a schedule that would begin on 1 August. It immediately drew attention in markets because of the scale of India's role in supplying generic drugs to the US.Under the plan, generic medicines entering the US would face a zero tariff for two years, before rising to 100% for one year and then to 200% from the third year onward.... [Continue Reading]
360LiveNews | 22 Jul 2026 07:00 LONDON
US 25% tariff on Brazilian exports takes effect, covering about 3,000 items
A new 25% additional tariff imposed by the United States on part of Brazil's exports has taken effect, marking a fresh escalation in trade tensions between the two countries. The measure began on Wednesday and applies to about 3,000 product lines entering the US market. It excludes several major Brazilian exports, including oil, coffee and beef.The tariff was confirmed by the US government last week after an investigation concluded that Brazil uses practices that "burden or restrict" trade with the United States. The investigation cited Brazil's PIX payment system and rules for digital platforms among its examples. Brazilian officials have... [Continue Reading]
360LiveNews | 22 Jul 2026 04:32 LONDON
Canada cancels joint Gordie Howe Bridge opening ceremony amid tariff dispute
Canada has cancelled a planned joint ribbon-cutting ceremony for the Gordie Howe International Bridge after Donald Trump announced a 50% tariff on most Canadian goods. The bridge, which links Detroit and Windsor, Ontario, is still expected to open to traffic later this month. Canadian officials said the celebratory event would no longer be appropriate in light of the threatened trade action.A spokesperson for Canadian Infrastructure Minister Gregor Robertson said the decision followed the latest escalation in trade tensions between the two countries. Canada now plans to hold its own ceremony on Friday, while it remains unclear whether the United States... [Continue Reading]
360LiveNews | 22 Jul 2026 02:30 LONDON
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Carney and Trump agree to intensify trade talks after tariff threat
Canadian Prime Minister Mark Carney said he and United States President Donald Trump have agreed to intensify trade negotiations after Trump threatened 50% tariffs on a wide range of Canadian imports. Carney said the two leaders spoke on Tuesday and that discussions would begin again immediately. He also warned that Canada would consider all options if the tariffs go ahead.Trump announced the tariff plans on Monday, saying they were a response to what he described as discriminatory treatment of US-made cars, alcohol and dairy goods. Carney told reporters that the first objective was to reach a comprehensive agreement, while also... [Continue Reading]
360LiveNews | 22 Jul 2026 00:04 LONDON
Day News Recap: US Iran conflict widens as oil spikes, wildfires rage and protests spread
US President Donald Trump said the United States would attack the Pickaxe mountain near Natanz in central Iran very soon, while also warning that Iran would pay after American service members were killed, marking a sharp new escalation in the confrontation. 🔗 🔗The conflict is already rippling through energy markets, with Brent crude up 23% over the period and average petrol prices in the United States rising to $4.00 a gallon as traffic through the Strait of Hormuz thins. ASEAN foreign ministers in Manila voiced serious concern about spillover from the war and the risk to regional energy supplies, while... [Continue Reading]
360LiveNews Recap | 21 Jul 2026 18:21 LONDON
Breakfast News Recap: US Iran conflict widens as trade, shipping and diplomacy tensions mount
The biggest escalation came in the US Iran confrontation, with Donald Trump saying Iran will pay after multiple American service members were killed, while Tehran said it had targeted US radar and air defence sites in Kuwait and Bahrain as the Gulf standoff widened. 🔗 🔗That conflict is already feeding through to energy markets, with average petrol prices in the United States rising to $4.00 a gallon for a second straight week as tensions around the Strait of Hormuz pushed oil higher and traffic through the waterway thinned. 🔗Maritime security across the wider region also deteriorated, as Yemen's Houthis объявed... [Continue Reading]
360LiveNews Recap | 21 Jul 2026 08:40 LONDON
Trump touts grocery price cuts and pressures chains to follow Giants Eagle and Walmart
President Donald Trump made multiple posts on Truth Social in the last hour: I have just been informed that Giant Eagle, a GREAT American Grocery Company, will be lowering Prices, by a lot, across more than 300 products this Summer, through Labor Day, to help hardworking American families. Giant Eagle, like Walmart, is stepping up in a big and bold way to answer my call to lower costs for working families. We will continue to bring Prices DOWN, just like Oil, Gas, Eggs, and Prescription Drugs, all of which are dropping FAST after the disaster we inherited from Sleepy Joe... [Continue Reading]
Breaking-360LiveNews | 20 Jul 2026 11:00 LONDON
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Wildfire smoke keeps air quality warnings in place across the US as fires continue to burn
Warnings of dangerous air quality are expected to remain in place across large parts of the United States as smoke from out-of-control wildfires in Ontario and Minnesota continues to drift east. The affected areas include the mid-Atlantic, the Northeast, the Midwest and the Great Lakes regions, with some places likely to see only temporary relief. Officials say the smoke plume is still shifting, leaving uncertainty over where the worst conditions will settle next.The National Weather Service said pockets of improvement may come from rain and thunderstorms in parts of the mid-Atlantic and Northeast, but those same storms could also bring... [Continue Reading]
360LiveNews | 18 Jul 2026 15:29 LONDON
UN urges probe into deaths in Pakistan-administered Kashmir unrest
The United Nations human rights chief has called for an independent investigation into deadly unrest in Pakistan-administered Kashmir. Volker Turk urged Islamabad to carry out prompt, thorough and impartial inquiries into all civilian and security force deaths linked to the violence. The appeal comes as at least 31 people have been killed since last month, with tensions rising ahead of regional elections later this month.The unrest has centred on the Jammu Kashmir Joint Awami Action Committee, an umbrella group of traders and activists. The movement began with protests over rising food prices and utility tariffs, but the immediate dispute now... [Continue Reading]
360LiveNews | 17 Jul 2026 15:00 LONDON
United States to impose 25% tariffs on thousands of Brazilian imports from July 22
The United States is set to impose 25% duties on thousands of Brazilian imports, with the measures due to take effect on 22 July. The new tariffs cover a wide range of goods, including sugar, apparel, paper and steel. They were announced as Washington moves ahead with a revised trade strategy under Section 301 of US trade law.The announcement was made late on Wednesday by the US trade representative. Section 301 allows the United States to investigate what it considers unfair trade practices and then impose levies in response. The tariffs were proposed last month and are now moving toward... [Continue Reading]
360LiveNews | 16 Jul 2026 18:00 LONDON
India-UK trade deal and social security pact come into force
India and the United Kingdom have brought into force their Comprehensive Economic and Trade Agreement, alongside a separate social security arrangement, in a move both sides say will deepen economic ties. The agreements took effect on Wednesday and are expected to change tariff treatment on a large share of goods traded between the two countries. Prime Minister Narendra Modi described the step as a significant moment in the bilateral partnership.Under the trade pact, 99% of Indian goods entering the UK and 90% of UK goods entering India will either be duty-free or face reduced tariffs. The parallel Agreement on Social... [Continue Reading]
360LiveNews | 16 Jul 2026 01:00 LONDON
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Businesses claw back tariff refunds after Trump tariffs ruled unlawful
Businesses around the world are receiving refunds of tariffs paid to the United States after Donald Trump's so-called liberation day tariffs were ruled unlawful. The refunds are being issued after the April 2025 measures triggered a sharp rise in import costs for companies selling into the US market. One Australian brand, Nashie, says it has already received a six-figure refund that included interest.Oxford Economics estimates that about US$80 billion in tariffs has been refunded since May, with interest paid at rates of up to 7%. The firm says the same amount is expected to be refunded again over the next... [Continue Reading]
360LiveNews | 15 Jul 2026 20:03 LONDON
