Author: OMN AI

The US imposed 50% tariffs on EU steel and aluminium in June, demanding proof of origin for finished products.Importers now face extra costs on top of existing tariffs, industry representatives warn. Companies Struggle with Complex Rules ACEA said the “melt and pour” rule requires tracing steel and aluminium through multiple supplier tiers.Suppliers often cannot provide accurate origin data, making compliance difficult.Parts containing steel, aluminium, and copper fall under multiple tariff categories, increasing complexity.In August, the US added 407 product categories, including machinery, turbines, fire extinguishers, and construction materials. Financial Impact Hits Automotive and Manufacturing ACEA reported generic materials vital for…

A daily pill developed by Eli Lilly has been found to help people lose as much as a fifth of their body weight, according to a major clinical trial. The drug, orforglipron, works on the same GLP-1 receptors as injections like Wegovy and Mounjaro. In a study of more than 3,100 adults with obesity but without diabetes, one in five participants taking the pill for 72 weeks lost at least 20% of their body weight. Results varied by dosage: patients on the lowest dose lost an average of 7.5% of body weight, while those on the highest dose lost 11.2%.…

The Prioritised Ukraine Requirements List (PURL) collects NATO members’ contributions to buy US weapons and ammunition.President Volodymyr Zelenskyy said Ukraine expects around $3.5 billion by next month to purchase arms and support the war effort against Russia.All NATO members, except the United States, contribute to PURL. Zelenskyy told reporters, “We received more than $2 billion from partners specifically for PURL.”He added, “We will receive more funding in October. I expect approximately $3.5–3.6 billion.”Zelenskyy withheld full shipment details but confirmed they will include Patriot air defense missiles and HIMARS munitions.Patriot systems protect Ukraine against Russian missile attacks, and HIMARS significantly strengthen…

Sky has placed 900 roles at risk as it restructures to compete with US streaming giants. The consultation process is expected to result in about 600 job losses, while 300 staff will be redeployed. The Comcast-owned broadcaster, which employs about 23,000 people in the UK, has cut nearly 3,500 roles since early 2023. The latest changes target technology, product teams, and corporate functions, as Sky moves from satellite TV to streaming services. More than 90% of new subscriptions now come from internet-based products like Sky Glass and Sky Stream. Recent launches include the budget-friendly Sky Glass Air and an updated…

Taliban leader Hibatullah Akhundzada ordered a full ban on fibre optic internet in Balkh province to “prevent immorality.” Wi-Fi Access Ends, Mobile Data Persists Government offices, businesses, schools, and homes lost Wi-Fi access. Mobile data remains available but runs slowly and costs heavily. First Permanent Fibre Ban Since 2021 Authorities have not imposed a similar internet restriction since the Taliban took control in August 2021. Officials Promise Alternative Network Provincial spokesperson Haji Attaullah Zaid said authorities will build an alternative network to meet essential needs. He provided no timeline or details. Residents Struggle With Work and Connectivity One resident reported…

Investors poured money into Alphabet after a US judge blocked the forced sale of its Chrome browser. The ruling ended nearly five years of antitrust scrutiny and preserved Google’s key businesses. Shares surged over 4% in Monday European trading, adding to more than 30% gains since January. Alphabet’s market value now exceeds $3 trillion (€2.55tr), joining elite peers Nvidia ($4.2tr/€3.57tr), Microsoft ($3.8tr/€3.23tr), and Apple ($3.5tr/€3tr). Court Protects Chrome and Android The Department of Justice had demanded Google sell Chrome and possibly Android, citing competition concerns. A federal judge ruled that Alphabet can keep both but must share certain data with…

The US and China have agreed on a framework to transfer TikTok to American-controlled ownership, US trade officials confirmed on Monday. Treasury secretary Scott Bessent said the commercial terms were settled but withheld details, noting they were between private parties. Chinese negotiator Li Chenggang confirmed both sides had reached consensus on resolving TikTok issues through cooperation. The deal marks progress in a dispute fueled by Washington’s security concerns over TikTok’s Chinese parent, ByteDance. President Joe Biden had signed legislation requiring ByteDance to sell TikTok within nine months or face a ban, though Donald Trump repeatedly extended the deadline. Earlier acquisition…

VIENNA/KYIV — Europe often presents itself as a safe haven for those persecuted under authoritarian regimes. The promise is straightforward: dissidents, whistleblowers, and political opponents should find protection in the West. But the reality is more complex. Across the continent, refugees report facing prosecutions, threats, and harassment that follow them even in exile. It is a silent conflict unfolding beyond the headlines, aimed at silencing those who challenge entrenched power. The Shevchenko Case Few stories highlight this more than the case of Kyrylo Shevchenko, former governor of Ukraine’s National Bank. During the early months of Russia’s full-scale invasion in 2022,…

Former members of the Bank of England’s monetary policy committee (MPC) have called on governor Andrew Bailey to scale back or halt the central bank’s bond-selling programme, warning it is adding to record-high government borrowing costs. Britain’s long-term borrowing rates have reached their highest level in 27 years, creating major challenges for chancellor Rachel Reeves ahead of the 26 November autumn budget. While the Bank has cited global pressures – including Donald Trump’s trade war and political pressure on the US Federal Reserve – it has also admitted its £100bn programme of bond sales is contributing to higher yields. The…

Researchers found that people taking Ozempic and Wegovy stopped their medications more often if they were young, male, or lived in poorer areas. Millions take GLP-1 receptor agonists to reduce appetite and lose weight, but half abandon the drugs within one year, according to a Danish study. Dropout Rates Highlight Challenges Danish researchers analysed data from 77,000 people without diabetes using anti-obesity drugs. They discovered that 52 percent discontinued treatment within 12 months. Eighteen percent quit within three months, 31 percent within six months, and 42 percent by nine months. Professor Reimar W. Thomsen of Aarhus University said, “These medications…