Skip to main content

Featured

Greek Tanker Struck by Missile in Black Sea, Crew Emerges Unharmed

  A Greek‑flagged tanker sailing near the Russian port of Novorossiysk was struck by a missile but remained operational, and all 24 crew members were confirmed safe.   A Greek‑owned and Greek‑flagged tanker sustained material damage after being hit by a missile while sailing approximately 14 nautical miles off the Russian port of Novorossiysk in the Black Sea. According to authorities, the vessel—operated by Maran Gas Maritime—was not carrying cargo at the time of the strike and continued to navigate safely following the incident.  All 24 crew members on board, including ten Greek nationals, thirteen Filipinos, and one Romanian, were reported to be in good health. The impact caused damage to the starboard side of the ship, but no assistance or towing was required. The tanker remained fully operational, and no environmental pollution was reported.  Greek officials have condemned the attack as dangerous and unacceptable, noting that the incident occurred amid height...

article

Court Ruling Shakes U.S. Tariff Policy, Sparks Global Trade Turmoil


A major legal blow has cast doubt over the future of the United States’ sweeping tariff program, a cornerstone of its recent trade strategy. On August 29, the U.S. Court of Appeals for the Federal Circuit ruled 7–4 that the administration had overstepped presidential powers by using emergency authorities under the International Emergency Economic Powers Act (IEEPA) to impose broad import levies.

The decision follows similar rulings from lower courts, which deemed the emergency-based tariffs “unlawful as to all” and stripped the president of independent discretion to alter them. While the measures remain in place pending appeal, the administration has vowed to take the fight to the Supreme Court.

The legal uncertainty comes amid escalating trade tensions with India, now facing a 50% tariff wall on $60 billion of its exports to the U.S., prompting New Delhi to diversify trade to 40 new markets. Economists warn that the dispute could deepen supply chain disruptions and push global trade into uncharted territory, with average U.S. tariff rates at their highest since the Great Depression.

If the Supreme Court upholds the lower court rulings, it could force a dramatic rollback of current tariffs — reshaping not only U.S. trade policy but also the balance of global commerce.

Comments