Germany to allow UK passport holders to use e-gates
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Reuters
an hour ago
- Reuters
Oil rises on Japan trade deal and stronger demand indicated by US inventories
BEIJING, July 23 (Reuters) - Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week, indicating stronger demand. Brent crude futures rose 33 cents, or 0.48%, to $68.92 a barrel by 0023 GMT. U.S. West Texas Intermediate crude futures rose 33 cents, or 0.51%, to $65.64 per barrel. President Donald Trump said on Tuesday that the U.S. and Japan had struck a trade deal that includes a 15% tariff on U.S. imports from Japan. He also said Japan had agreed on $550 billion in investments in the U.S. Oil had fallen in the previous session after the EU said it was considering countermeasures against U.S. tariffs, as hope faded for a deal ahead of the August 1 deadline. And U.S. crude oil stockpiles were expected to have fallen last week, along with distillate and gasoline inventories, an extended Reuters poll showed on Tuesday. Nine analysts polled by Reuters ahead of weekly inventory data estimated on average that crude inventories fell by about 1.6 million barrels in the week to July 18. U.S. crude and gasoline stocks fell last week while distillate inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday. In another bullish sign for the market, the U.S. energy secretary said on Tuesday that the U.S. would consider sanctioning Russian oil to end the war in Ukraine. The EU on Friday agreed its 18th sanctions package against Russia, lowering the price cap for Russian crude. But analysts said a lack of U.S. participation would hinder the effectiveness of the package.
Reuters
2 hours ago
- Reuters
Key moments in EU-China trade frictions
BEIJING, July 22 (Reuters) - Chinese and European Union leaders will meet in Beijing on Thursday for a summit marking 50 years of diplomatic ties. Here is a timeline of EU-China trade tensions in recent years. Mar 22, 2021 - The EU sanctions four Chinese officials over alleged human rights abuses in Xinjiang, its first significant sanctions on China since the 1989 Tiananmen Square crackdown. China sanctions 10 EU politicians and think tanks in response. May 20, 2021 - The European Parliament halts ratification of a comprehensive investment pact with China following Beijing's sanctions. Dec 3, 2021 - China imposes an unannounced embargo on Lithuanian exports, after Vilnius allowed Taiwan to open a de facto embassy. Mar 30, 2023 - European Commission President Ursula von der Leyen says the EU must "de-risk" from trade and supply chain dependencies on China. Sep 13, 2023 - The EU launches an anti-subsidy probe into Chinese EV exports to assess whether to impose punitive tariffs. Jan 5, 2024 - China opens an anti-dumping investigation into brandy imports from the EU. Apr 9, 2024 - The EU announces an investigation into subsidies received by Chinese suppliers of wind turbines. Jun 17, 2024 - China opens an anti-dumping investigation into pork and its by-products from the EU. Aug 21, 2024 - China opens an anti-subsidy probe into dairy imports from the EU. Oct 8, 2024 - China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 - The EU approves imposing extra tariffs of up to 35.3% on Chinese-made EVs for five years, but negotiations continue. Jan 20, 2025 - On the day of U.S. President Donald Trump's inauguration, Von der Leyen says the EU should "expand trade and investment ties" with China where possible, in an apparent softening of Brussels' stance. Apr 30, 2025 - China lifts sanctions on some EU lawmakers and institutions imposed in 2021. Jun 20, 2025 - The EU bars Chinese companies from participating in public tenders for medical device purchases exceeding five million euros. Jul 4, 2025 - China spares major cognac producers from duties of up to 34.9% on European brandy imports. Jul 6, 2025 - China retaliates with restricting government purchases of medical devices from the EU that exceed 45 million yuan ($6.3 million) in value. Jul 8, 2025 - Von der Leyen accuses China of flooding global markets with overcapacity and enabling Russia's war economy in a fiery speech at the EU Parliament.
Metro
3 hours ago
- Metro
5 cultural habits that stop Brits from getting rich
Link is copied Comments Real talk: Everyone dreams about being rich. Whether it's through winning the lottery, climbing up the career ladder, or becoming famous, it's a known fact that having heaps of cash makes life easier. However, we've probably got more chance of being mawled by a bear than winning the Euromillions, so if we want to grow our net worth, we'll have to find a different route (Picture: Getty Images) Enter Matthew Sheeran, a money-saving expert at Money Wellness. While there's no 'get quick rich scheme,' he does explain that us Brits have plenty of cultural habits that can stunt our money growth. So, if you do imagine yourself living the life of luxury, but don't quite know what you're doing wrong in terms of saving and building your wealth, take note (Picture: Getty Images) There's huge social pressure in the UK, and elsewhere in the world, to look like you're doing well, whether that's the latest phone, a new car on finance, or pricey holidays. Unfortunately, not everyone can afford fancy lifestyles all the time. 'Many people end up living beyond their means just to keep up appearances, and it often leads to long-term debt,' Sheeran explains. The reality is, your family and real friends aren't going to judge you if you say you can't afford something. Nor are they going to love you any less. And, they're certainly not going to want you to get into financial troubles for their sake. Be honest, and be sensible (Picture: Getty Images) 'A lot of people avoid looking too closely at their finances,' says Sheeran. What he means by this is that people spend without really knowing what they can afford. Without a clear plan or monetary strategy, money disappears fast, especially with rising living costs. To avoid this, create a simple budget. 'Start by writing down all your income, like wages, benefits, or any other money coming in. Then list your essential expenses, such as rent, bills, food, and travel,' the expert recommends. Once you know what's left over, you can set limits for takeaways, clothes, or entertainment (Picture: Getty Images) We've all been there: Ordering that new dress on Klarna or booking a couple of holidays on finance to stretch the payments out. Now, we're not saying that you're not allowed to have fun. It's more about avoiding using credit as income you don't have. Sheeran explains: 'Using credit cards or buy now, pay later for everyday spending is now the norm, especially when wages don't stretch far. But treating credit as spare money leads to a cycle of debt that's hard to break and costly over time.' So take a second. Do you really need that new T-shirt in four different colours? Or are you just ordering them because you don't have to pay for it straight away? (Picture: Getty Images) 'Money is still a taboo subject in the UK,' Sheeran reiterates. People don't talk about debt, bills, or financial worries, even with close friends or family. For some reason, our pride masquerading as silence stops us from asking for help or learning better habits. The reality? There's no harm in asking for financial advice. If anything, we encourage it. From learning budgeting skills to how to invest, it's something that should be instilled in us from an early age. That way, we can make better monetary decisions earlier, rather than having to learn from mistakes (Picture: Getty Images) Whether it's pensions, savings, or getting insurance, people often delay big financial decisions assuming they'll deal with it later, explains Sheeran. But small steps taken early can make a huge difference to your financial wellness. Whereas waiting usually ends up costing more. Examples of this include getting to grips with your pension. Can you afford to put more money away each month for retirement? If so, do it. Similarly, if you have a mortgage, try and make higher payments each month to shave off some years. Future you will thank you! (Picture: Getty Images) Your free newsletter guide to the best London has on offer, from drinks deals to restaurant reviews.
