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Business Standard
4 days ago
- Politics
- Business Standard
Talks planned after Trump said Europe will pay for weapons to Ukraine
Moscow continues to intensify its long-range attacks on Ukrainian cities, and analysts say the barrages are likely to escalate AP London The UK and Germany are chairing a meeting Monday to discuss President Donald Trump's plans for NATO allies to provide Ukraine with weapons, a week after the US president said deliveries would arrive in Ukraine within days. The virtual meeting will be lead by British Defence Secretary John Healey and his German counterpart Boris Pistorius. Healey said US Defence Secretary Pete Hegseth and NATO leader Mark Rutte, as well as NATO's Supreme Allied Commander Europe, Gen Alexus Grynkewich, will attend the meeting of Ukraine Defence Contact Group. The talks come after Russia pounded Ukraine with some 300 drone strikes Saturday, Ukrainian officials said. Moscow continues to intensify its long-range attacks on Ukrainian cities, and analysts say the barrages are likely to escalate. In an shift of tone toward Russia, the US president last week gave Moscow a 50-day deadline to agree to a ceasefire or face tougher sanctions. Trump's arms plan, announced a week ago, involves European nations sending American weapons to Ukraine via NATO either from existing stockpiles or buying and donating new ones. The US president indicated discussions were partly focused on advanced Patriot air defence systems and said a week ago that deliveries would begin within days. But last week various senior officials suggested no transfers had yet taken place. NATO's Grynkewich told The Associated Press on Thursday that preparations are underway for weapons transfers to Ukraine while US Ambassador to NATO Matthew Whitaker said he couldn't give a time frame. German Chancellor Friedrich Merz said Thursday that Germany will finance two new Patriot systems for Ukraine and raised the possibility of supplying systems it already owns and having them replaced by the US. But delivery could take time, Merz suggested because they have to be transported, they have to be set up; that is not a question of hours, it is a question of days, perhaps weeks." Other Patriot systems could come thanks to Switzerland, whose defence ministry said Thursday it was informed by the US Defence Department that it will reprioritize the delivery" of five previously ordered systems to support Ukraine. While Ukraine waits for Patriots, a senior NATO official said the alliance is still coordinating the delivery of other military aid such as ammunition and artillery rounds which includes aid from the US that was briefly paused. The official spoke on condition of anonymity to discuss sensitive matters. Ukrainian President Volodymyr Zelenskyy said Saturday that his officials have proposed a new round of peace talks this week. Russian state media on Sunday reported that no date has yet been set for the negotiations, but said that Istanbul would likely remain the host city. The Kremlin spokesman said Sunday that Russia is open to peace with Ukraine, but achieving its goals remains a priority. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
15-07-2025
- Business Standard
Four people killed in small plane crash at London Southend airport: Police
The Beechcraft B200 Super King Air operated by Dutch firm Zeusch Aviation had flown from Athens, Greece, to Pula in Croatia before heading to Southend AP London All four people aboard a small plane that crashed shortly after taking off from London Southend Airport are dead, police said Monday. Essex Police said work continued to formally identify the victims of Sunday's crash. "At this stage, we believe all four are foreign nationals," Police Chief Superintendent Morgan Cronin told reporters. Britain's national news agency, PA, reported that a document listing passengers indicated that two Dutch pilots and a Chilean nurse were among those aboard. The Beechcraft B200 Super King Air operated by Dutch firm Zeusch Aviation had flown from Athens, Greece, to Pula in Croatia before heading to Southend. It was due to return to its home base of Lelystad in the Netherlands on Sunday evening. The 12-meter (39-foot) turboprop plane came down moments after takeoff and burst into flames. At this stage, it is too early to speculate on what may have caused this tragic accident, said Lisa Fitzsimons of Britain's Air Accidents Investigation Branch, which said it sent a multi-disciplinary team including inspectors with expertise in aircraft operations, human factors, engineering and recorded data to the airport. London Southend is a relatively small airport, around 45 miles (72 kilometers) east of the British capital, used for short-haul flights. The airport remained closed on Monday with no word on when it would reopen. Zeusch Aviation operates medical evacuation and transplant flights as well as aerial mapping and private charters, according to its website. The company said that our thoughts and deepest sympathies are with the victims, their families, and loved ones during this incredibly difficult time. The Beechcraft B200 Super King Air, first built in the 1970s, is an aviation workhorse used in a wide variety of roles around the world. In 2017, a plane of the same model crashed into the roof of a shopping mall in Melbourne, Australia, moments after takeoff, killing the pilot and four American tourists. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
14-07-2025
- Politics
- Business Standard
Trump to make unprecedented second state visit to UK between Sept 17-19
Trump, who is a big supporter of the royal family, particularly of the monarch, will be accompanied by his wife, Melania Trump during the three-day visit, the palace confirmed AP London US President Donald Trump will make an unprecedented second state visit to the UK between Sept. 17 and 19 when he will be hosted by King Charles II and Queen Camilla at Windsor Castle, Buckingham Palace said Monday. Trump, who is a big supporter of the royal family, particularly of the monarch, will be accompanied by his wife, Melania Trump during the three-day visit, the palace confirmed. No US president has been invited for a second state visit. Trump previously enjoyed the pomp and pageantry of the state visit in 2019 during his first term when he was hosted by Charles' late mother, Queen Elizabeth II. The invitation for the second state visit from the king was hand-delivered by British Prime Minister Keir Starmer in February during a meeting at the White House. After reading it, Trump said it was a great, great honor and appeared particularly pleased by the fact he will be staying at Windsor Castle, to the west of the capital. That's really something, he said. Precedent for second-term U.S. presidents who have already made a state visit is usually tea or lunch with the monarch at Windsor Castle, as was the case for George W. Bush and Barack Obama. State visits are ceremonial meetings between heads of state that are used to honor friendly nations and sometimes smooth relations between rivals. While the king formally issues the invitation for a state visit, he does so on the advice of the elected government. The visit is seen as part of Starmer's effort to keep Trump close and lessen the impact of some of his polices on the U.K. The relationship between the two appears amicable, and has helped the U.K. from facing the sort of hefty U.S. tariffs that other nations are seeing. But like Trump's previous visit, it's unlikely he will be welcomed by all. Last time, a day of protests saw the flying of a giant blimp depicting Trump as an angry orange baby from outside Parliament. Lawmakers from Starmer's Labour Party have also questioned whether the honor should be extended to Trump at a time that he is supporting Israel's war in Gaza and threatening the sovereignty of allies such as Canada and Greenland. Charles could also face some challenges during the visit because he is head of state of both the United Kingdom and Canada, which Trump has suggested should become the 51st U.S. state. During a speech to the Canadian parliament in May the king highlighted Canada's unique identity and sovereignty, while echoing the words of the country's national anthem when he said The True North is indeed strong and free. State visits to Britain are particularly prized by heads of state because they come with a full complement of royal pomp and circumstance, including military reviews, carriage rides and a glittering state banquet hosted by the monarch. The events normally take place in and around Buckingham Palace in central London. But like last week's state visit from French President Emmanual Macron and his wife Brigitte, the Trumps will stay at Windsor Castle. Buckingham Palace is undergoing extensive remodeling. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
New York Post
10-07-2025
- Business
- New York Post
Coffee prices rise again after Trump slaps Brazil with 50% tariffs
Coffee prices are on the rise after President Donald Trump announced a sweeping 50% tariff on imports from Brazil, the world's largest coffee producer, sending a shock through global commodities markets and setting off fresh volatility in futures trading. Arabica coffee futures on the Intercontinental Exchange rose to $288.67 per pound, a 0.99% daily gain. The rebound follows a 2.6% rise on Tuesday to $285.60, which was blamed on concerns over dry weather in Brazil's coffee belt. Although prices have declined by around 17% over the past month due to harvest progress and expectations of increased supply, they remain nearly 18% higher than they were a year ago. 4 Coffee prices are on the rise after President Trump announced a sweeping 50% tariff on imports from Brazil. AP London robusta futures, the global benchmark for the cheaper coffee variety, reached a record high of nearly $5,700 a ton earlier this year, significantly above the historical average of $1,700. Arabica prices similarly spiked last year, rising 70% to $4.20 per pound, driven by poor harvests in Brazil and Vietnam and strong speculative interest. Recently, prices for both arabica and robusta had fallen back slightly on hopes of improved harvests, but that outlook is now clouded by escalating trade tensions. The tariff, set to take effect on Aug. 1, was announced in a letter posted to Trump's Truth Social account, where he accused the Brazilian government of 'attacking free speech' and orchestrating a 'witch-hunt' against longtime ally Jair Bolsonaro, the country's former president. Trump said the tariff was also a response to a 'very unfair trade relationship' with Brazil, despite the United States reporting a $7.4 billion goods trade surplus with the country in 2024, according to the Office of the US Trade Representative. Brazilian President Luiz Inacio Lula da Silva said Wednesday that Brazil will respond with reciprocity to Trump's tariff. Lula cited a recently adopted Brazilian law authorizing the government to take proportional countermeasures. 4 Trump accused the Brazilian government of 'attacking free speech' and orchestrating a 'witch-hunt' against longtime ally Jair Bolsonaro, the country's former president. AFP via Getty Images Bolsonaro, Brazil's former president, is facing multiple criminal charges, including plotting a coup to overturn the 2022 election and undermine democracy. Prosecutors allege he conspired with aides and military leaders, culminating in the January 2023 riots at government buildings. The tariff announcement immediately jolted coffee markets. Arabica coffee futures trading in New York jumped more than 3.5% on Thursday morning in response. Arabica beans, which are used in higher-end coffee products, are primarily sourced from Brazil. A trader told the Financial Times the letter is 'sending shockwaves across the coffee industry,' adding: 'The US is Brazil's main coffee buyer, so this tariff will certainly hit sentiment.' 'The problem is not to have tariffs between America and Europe,' Giuseppe Lavazza, chair of Lavazza Group, which owns Lavazza coffee, told FT. 4 Brazilian President Luiz Inacio Lula da Silva said Wednesday that Brazil will respond with reciprocity to Trump's tariff. AFP via Getty Images 'The problem is to have tariffs between US and Brazil, US and Vietnam, US and all the countries where coffee is produced.' Lavazza said that consumers will have to contend with 'a rise in the cost of coffee in the US.' Lavazza said that while a 10% levy on EU goods was 'fine,' tariffs on coffee-producing nations like Brazil and Vietnam would be more challenging for coffee companies and would inevitably raise prices for American consumers. The sharp reaction in prices reflects the importance of Brazil in global coffee supply chains. Brazil is the world's leading producer of arabica beans. The country's 2025 harvest is currently about 40% complete, down from 52% at this time last year. 4 Arabica coffee futures on the Intercontinental Exchange rose to $288.67 per pound, a 0.99% daily gain. hedgehog94 – Favorable weather and increased supply had previously contributed to price declines, but the new US tariff has reversed that trend in the short term. The volatility is compounded by currency movements. The Brazilian real dropped more than 2% against the US dollar following Trump's announcement, encouraging more export selling from Brazil and placing further downward pressure on prices — at least in the short term. According to analysts, the longer-term impact of the US tariffs is uncertain. While the immediate market reaction has been bullish due to concerns over supply disruptions, the tariffs could eventually curb US demand for Brazilian coffee, leading to a potential correction in prices. The Post has sought comment from the White House.
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Business Standard
10-07-2025
- Sport
- Business Standard
Wimbledon 2025: Djokovic makes record 14th semis, to face No. 1 Sinner next
Djokovic is 2-0 against Sinner at Wimbledon, eliminating him in the 2023 semifinals and 2022 quarterfinals. AP London At least Novak Djokovic could laugh about it immediately afterward. Yes, he took what he called a nasty and awkward fall on his second match point at Wimbledon on Wednesday. Yes, he slid into the splits and ended up face-down on the Centre Court grass. And, yes, those sorts of things aren't ideal for a 38-year-old seeking an unprecedented 25th Grand Slam title. Still, Djokovic dusted himself off and took the next two points, reaching the semifinals at the All England Club for a men's-record 14th time with a 6-7 (6), 6-2, 7-5, 6-4 victory over No. 22 seed Flavio Cobolli to set up a showdown against No. 1 Jannik Sinner. Obviously, (my) body is not the same today like it was before, Djokovic said at his news conference, so I guess the real impact or effect of what happened, I will feel tomorrow. So let's see. I'm hoping in the next 24, 48 hours, that the severity of ... what happened is not too bad, that I'll be able to play at my best and free of pain in two days." That's when he will take on three-time major champion Sinner, who didn't play like someone dealing with an injured right elbow while using terrific serving and his usual booming forehand to beat 10th-seeded Ben Shelton 7-6 (2), 6-4, 6-4. It's going to take the best of me at the moment to beat Jannik. I mean, I know that, said Djokovic, who has lost his last four meetings with Sinner, including in the French Open semifinals last month. Djokovic is 2-0 against Sinner at Wimbledon, eliminating him in the 2023 semifinals and 2022 quarterfinals. Against Cobolli like Sinner, a 23-year-old from Italy the late-match tumble was not the only thing that was far from smooth for Djokovic. He served for the opening set at 5-3 but got broken at love. He later was a point from owning that set before first-time major quarterfinalist Cobolli came through. Djokovic did stretches and breathing exercises at changeovers. He whacked his shoe with his racket after one miss in the fourth set. He seemed bothered at times by the bright sun above Centre Court. He also showed off all of his considerable skills, accumulating 13 aces, holding in 19 of 21 service games, using a drop-shot-lob-drop-shot combination to take one point and limiting his unforced errors to 22 half as many as Cobolli. On Friday, Djokovic will try to reach his seventh consecutive final at the All England Club and get closer to equaling Roger Federer's men's mark of eight trophies there. The other men's semifinal is two-time defending champion Carlos Alcaraz, who defeated Djokovic in the 2023 and 2024 finals, against Taylor Fritz. The women's semifinals Thursday are Aryna Sabalenka vs. Amanda Anisimova, and Iga Swiatek vs. Belinda Bencic. Against Shelton at No. 1 Court, Sinner wore a white sleeve on his right arm with strips of tape visible underneath one above the elbow, one below it after he was hurt when he fell in the opening game of his fourth-round match against Grigor Dimitrov on Monday. Sinner, the runner-up to Alcaraz at Roland-Garros, had an MRI exam on Tuesday and initially canceled a practice session that day but did hit some balls in a 20-minute session at an indoor court later. When you are in a match with a lot of tension, you try to not think about it, Sinner said. It has improved a lot from yesterday to today. He played as though nothing were amiss, grabbing 27 of 29 service points in the first set while accumulating a total of 15 winners to just one unforced error. You can't go into a match thinking that the guy's not going to be at 100%, Shelton said. His ball was coming off pretty big today, so I didn't see any difference. Shelton stayed right with him until 2-all in the tiebreaker. That's when Sinner surged in front, helped by a double-fault and four consecutive forehand errors by Shelton. At the outset of the second set, Shelton finally made some headway in a return game, getting a pair of break points at 15-40. On one, Sinner produced a forehand winner. On the other, he pounded a 132 mph serve his fastest of the match and rushed forward, getting to deuce when Shelton's backhand pass attempt found the net. That was followed by a 118 mph ace and a 125 mph service winner. Those were Shelton's only break chances.
