World--China Economic Net

U.S. President Donald Trump on Wednesday said the United States has had very good talks over the past 24 hours with Iran on ending the war that has lasted more than two months.

Labour faces growing test as pressure builds on Starmer ahead of UK local elections2026-05-05
Britain's ruling Labour Party is facing a key local election test, as pressure builds on Prime Minister Keir Starmer over a disputed diplomatic appointment, weak polling numbers and opposition attacks, raising questions about the party's unity, leadership authority and ability to sustain public confidence.

Trump says U.S. to begin guiding ships out of Strait of Hormuz Monday morning2026-05-04
U.S. President Donald Trump said Sunday that the United States will begin guiding ships out of the Strait of Hormuz on Monday morning, Middle East time.

U.S. Spirit Airlines ceases operation amid war-driven fuel price surge2026-05-04
Bankrupt U.S. discount carrier Spirit Airlines ceased operations on Saturday after failing to secure creditor backing for a proposed federal bailout, marking the first airline collapse linked to the U.S.-Israeli war in Iran.

Iranian media reveal some details on proposal sent to U.S. via Pakistan2026-05-03
Iran has submitted a 14-point counterproposal to the United States calling for a permanent end to hostilities and a full withdrawal of U.S. forces from the region, semi-official Tasnim news agency reported Saturday.

EU's regulatory turn risks undermining fair competition2026-05-03
With global trade under growing strain, the direction taken by major economies to address the challenges will shape whether cooperation holds or fragmentation deepens.

UAE's exit from OPEC underscores broader transition toward greater economic, strategic autonomy -- Kuwaiti analyst2026-05-03
The withdrawal of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC) signals a broader transition toward greater economic and strategic autonomy, a Kuwaiti political analyst told Xinhua in a recent interview.

Russian, Iranian FMs discuss freedom of navigation, Iran's nuclear program2026-05-02
Russian Foreign Minister Sergei Lavrov held a phone conversation with Iranian Foreign Minister Seyed Abbas Araghchi on Friday, exchanging views on freedom of navigation and issues surrounding Iran's nuclear program, the Russian Ministry of Foreign Affairs said.

Trump's plan to impose 25-pct tariffs on EU cars is unacceptable: senior EP official2026-05-02
Bernd Lange, chair of the European Parliament's (EP) Committee on International Trade, on Friday strongly condemned the United States plan to slap a 25-percent tariff on European Union (EU) cars, declaring the move "unacceptable" in a post on X.

UN chief warns of severe consequences of prolonged Hormuz closure2026-05-01
UN Secretary-General Antonio Guterres on Thursday warned of devastating consequences of prolonged disruptions in the Strait of Hormuz.

Trump weighs to cut U.S. troops in at least 3 European nations2026-05-01
U.S. President Donald Trump said Thursday he may reduce U.S. military presence in Spain and Italy, one day after he announced that his administration is assessing a possible cut of troops in Germany.

Trump suggests "similar timetable" for ending Iran, Ukraine conflicts2026-04-30
Conflicts in Iran and Ukraine could end "on a similar timetable," U.S. President Donald Trump said Wednesday following a phone conversation with Russian President Vladimir Putin.

Putin calls for building nuclear-weapon-free world2026-04-30
Russia, as a responsible party to and one of the depositaries of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), strictly abides by the letter and spirit of the treaty, Russian President Vladimir Putin said in an address to the 11th NPT Review Conference on Wednesday.

Iran warns of "unprecedented military action" if U.S. seizure of Iran-linked vessels continues -- media2026-04-30
The continued U.S. maritime "piracy and banditry" in the form of naval blockade against Iran will soon be met with "practical and unprecedented military action," state-run Press TV reported on Wednesday.

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