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Economy
Trump imposes drone tariffs of up to 100% with a lower rate for the EU
US President Donald Trump has imposed tariffs of up to 100% on imported drones and their components, with EU manufacturers facing a preferential rate of 15% and British firms 10%, in a measure meant to rebuild American production of a technology central to modern warfare.
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Business
BP returns to Venezuela as post-Maduro energy opening accelerates
Venezuela has awarded BP a licence to develop the offshore Loran gas field alongside state-backed partners from the UAE and Qatar, marking the British company's return to a country whose energy sector has been reopening to foreign investors since US forces captured Nicolás Maduro.
World
US claims billions lost to tariff evasion through third countries
The US loses billions in annual revenue to the practice of routing goods through intermediate countries to disguise their origin, a White House report has estimated. Peter Navarro said US Customs was already using AI to identify offenders.
Business
What is Truth API? The $100,000 feed that has landed Trump a lawsuit
Two press organisations have asked a Manhattan federal court to shut down Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.
Economy
US inflation eases to 3.4% in July as Fed's next call stays uncertain
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.
USA
Trump confirms Secret Service took him off Air Force One in Turkey
“They wanted me to go on a different flight, a different plane,” Trump told reporters after returning from an event in Ohio. “I guess there was a threat out there. I didn’t really ask too much about it,” he said. “I get a lot of threats.”
Markets
Oil prices rise as Trump and Iran trade reparations demands
Oil prices and US government bond yields both climbed on Tuesday after US President Donald Trump answered Iran's demand for war reparations with a sweeping counterclaim of his own, pushing a deal to reopen the Strait of Hormuz further out of reach.
