The World in Brief from The Economist

Alexander Novak, Russia’s deputy prime minister, said the government would maintain a ban on petrol exports until the end of the year

Alexander Novak, Russia’s deputy prime minister, said the government would maintain a ban on petrol exports until the end of the year

Paramount Skydance agreed to delay its $111bn merger with Warner Bros Discovery until June 2027 at the latest, while a judge considers the legal merits of an antitrust lawsuit against the tie-up. The Houthis, a Yemeni militia, claimed to have struck Jizan, a city in Saudi Arabia, with missiles on Friday.

Mr Trump threatened Europe with another “substantial” tariff and said he would launch an investigation into the bloc’s penalising of American tech companies

America’s trading partners criticised its decision to impose tariffs of 10-12% on 60 countries; Binyamin Netanyahu, Israel’s prime minister, said he would meet Donald Trump at the White House next week, as America’s president weighs escalation in Iran.

America imposed tariffs of between 10% and 12.5% on goods from 60 countries, including Britain, Japan and Mexico. Also, Brent crude, the international oil benchmark, rose above $100 a barrel for the first time since May before dropping slightly.

The Trump administration imposed tariffs of between 10% and 12.5% on goods from 60 countries, accusing them of failing to police imports of goods made with forced labour.

Brent crude, the international oil benchmark, rose above $100 a barrel for the first time since May; American stocks fell as investors fretted over tech firms’ AI spending.

America and Saudi Arabia signed a deal to build a civilian nuclear programme in the Gulf state. Also, oil prices surged after Houthi rebels struck two Saudi Arabian oil tankers in the Red Sea.