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Customs duty exemption for small parcels from China ends: Platforms pass on charges, consumers cancel orders

Even if an order has already been placed “without the three-euro fee”, if it passes through customs after 1 July, the courier may request an additional charge for delivery

Strait of Hormuz: Invisible dangers keep the shipping industry on high alert

Jamming of navigation systems, drones, mines, and increased military surveillance make up the new operational landscape – Shipowners are reworking their routes on a daily basis

New U.S. strikes target Iran again, hitting Sirik near the Strait of Hormuz

Air defense positions, communications systems, and drone and naval mine storage facilities were among the targets, as U.S. Central Command says the operation was a direct response to Iran's continued attacks on commercial shipping

Dozens of Ukrainian drones headed for Moscow intercepted, city mayor says

Moscow Mayor Sergei Sobyanin did not specify the intended targets of the Ukrainian drones

Oil prices plunge 10% for the week as Hormuz traffic resumes; Brent settles at $71.99

Higher tanker traffic through the Strait of Hormuz and easing supply concerns drove oil to its steepest weekly decline in months. Brent fell 4.34% on Friday, while WTI slipped below $70

Trump: “Foolish violation of the ceasefire” by Iran, launched drones and hit a ship in the Strait of Hormuz

The US president said that one of the four drones struck the deck of a large cargo vessel, causing damage

Volkswagen is considering cutting up to 100,000 jobs and closing factories

The Volkswagen Group is considering cutting costs by 11 billion euros by the end of the decade and closing four plants in the medium term—unions are pushing back

Russia and Ukraine exchange 160 prisoners of war each

Prisoner exchanges remain the only tangible outcome of negotiations between the two countries

Israel to officially recognise the Armenian Genocide

The draft resolution also states that the denial, minimisation or distortion of the historical truth surrounding these events must be condemned

Zelensky approves 40-Day operation to pressure Russia to negotiate – Crimea under a state of emergency

Moscow is once again awaiting the arrival of American negotiators to resume talks on Ukraine - Residents of Sevastopol in Crimea are under pressure following Ukrainian strikes on energy facilities

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