The World in Brief from The Economist

Donald Trump said he was imposing an additional 10% global tariff under Section 122, a provision allowing the president to impose levies for up to 150 days.

The prospect of war in Iran pushed the price of Brent crude, the global oil benchmark, to its highest level in six months. Also, Aston Martin issued its third profit warning in months due to slowing sales and the impact of tariffs in America.

Donald Trump set a ten-day timeline to reach a diplomatic breakthrough with Iran over its nuclear programme, warning that “bad things will happen” if a deal falls through.

Donald Trump set a ten-day timeline to reach a diplomatic breakthrough with Iran over its nuclear programme, warning that “bad things will happen” if a deal falls through.

Andrew Mountbatten-Windsor, formerly Prince Andrew, was arrested on allegations related to misconduct in public office. Also, the White House said that Iran’s leaders would be “very wise” to strike a deal over its nuclear programme.

Ukraine and Russia ended their second day of American-led peace negotiations in Geneva after just two hours.

Ukraine and Russia ended their second day of American-led peace negotiations in Geneva after just two hours.

Donald Trump said Japan would invest $36 bn in America in the first phase of the countries’ “massive trade deal”. Also, Nvidia said it had signed a “multi-year” deal with Meta to supply the tech giant with millions of chips for AI-related projects.

Warner Bros Discovery, a movie-making giant, is restarting talks with Paramount about a potential deal.