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Argentinian lawyer mocks UK’s sovereignty claim in Falklands oil case

Lawyer says Britain wrong to believe in historic doctrine that crown has sovereignty over parts of oceansBritain should not be permitted to act as a 17th-century colonial power treating the waters around the Falkland Islands as a Dominium maris Britannici, Argentina has told an international tribunal.Marcelo Kohen, representing Argentina at a hearing in Hamburg, mocked Britain for apparently believing in the historic doctrine that the British crown has sovereignty over expansive parts of the oceans. Continue reading...

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Trump's Russian diesel deal runs aground as tankers turn back from US coast: report

A month after President Donald Trump announced a controversial deal with Vladimir Putin to bring Russian diesel to the U.S., not a single barrel has arrived, the Wall Street Journal reported, as tankers headed for American ports turned around due to a lack of willing buyers.Trump pitched the Russian fuel as a way to bring down soaring diesel prices, which pushed up consumer costs ahead of the midterm elections. But "U.S. oil companies are reluctant to handle the cargoes of Russian diesel because of the potential legal and reputational consequences," industry executives and lobbyists told the Journal.Lawmakers from both parties have called Trump’s exemption of diesel from Russia sanctions illegal, the paper reported. Companies also worry about violating international sanctions, since the U.K., the European Union and Switzerland still ban Russian fuel imports.“There are political, compliance and enforcement challenges,” Michelle Wiese Bockmann, a senior analyst at the maritime intelligence firm Windward, told the Journal.Trump announced the deal on Oct. 9 in a Truth Social post, saying Moscow had agreed to “immediately” supply diesel to the U.S. and global markets after a “highly successful discussion” with Putin. According to the report, Russia has since resumed some diesel exports it halted this summer after Ukrainian drones hit its refineries. According to the Journal, it is now selling to buyers in the Middle East, North Africa and South America, but not the U.S.The latest sign of trouble came Monday, the paper reported. The Agioi Fanendes, a tanker carrying 300,000 barrels of Russian diesel and originally bound for New York, slowed off the East Coast and "started loitering in a zigzag pattern," the Journal reported The ship-tracking service Kpler now lists South America as its likely destination, and the ship’s manager told the Journal its “discharging port is not confirmed yet.”Three other tankers turned back last week, according to Kpler data cited by the Journal. Two are headed to Brazil, and a third has arrived in Egypt. All three had listed U.S. East Coast destinations when they left Russia’s Primorsk port last month. The U.S. doesn’t need the fuel, the Journal noted. Domestic refiners produce more diesel than the country uses and export more than 1.5 million barrels a day. Still, tight global supplies tied to the Middle East conflict have pushed the average price of diesel to $6.16 a gallon, up from $3.75 before the war.After Democrats’ sweeping midterm wins, oil lobbyists told the Journal that companies now fear any involvement could make them targets of investigations by the new Congress.

'No reason for us to exist': 3-time Trump voting manufacturer struggling to stay afloat

An American furniture entrepreneur who voted for Donald Trump three times is at his wits’ end trying to keep up with the president’s unpredictable tariff moves, which have put his company in peril.According to the Wall Street Journal, Bruce Krinsky has spent the better part of a decade chasing Washington’s trade policy. His company, TOV Furniture, has moved production from country to country and even tried manufacturing in the U.S., only to end up back where it started.The Journal reported that Krinsky originally relied on Chinese factories to make his couches. When Trump imposed tariffs on China in his first term, Krinsky convinced a Chinese supplier to open a plant in Vietnam. When Vietnam came under threat as well, he bought a factory in High Point, North Carolina, a city Trump had promised to restore as a furniture powerhouse.That plant opened in March 2025. According to the Journal, Krinsky believed he had finally escaped the tariff whiplash. Within weeks, Trump announced his “Liberation Day” tariffs. Krinsky expected the additional 34% levy on Chinese goods, the Journal reported, but was caught off guard by a proposed 46% tariff on Vietnam.His couch had already climbed from $900 to roughly $1,250 because of inflation and supply-chain costs, the paper reported. The new tariff would have pushed it near $2,000.“At $2,000, there’s no reason for us to exist,” Krinsky told the Journal. “There are plenty of companies like Crate & Barrel that already do a great job selling those products.”The North Carolina factory, which local officials had celebrated, shut down after 10 months, cutting about 45 jobs, according to the Journal. The couch is now made in Asia again and sells for $1,500. Krinsky told the paper he isn’t counting on the midterm results to help.“Furniture tariffs are not going to be at the top of either party’s agenda,” he said.Krinsky told the Journal he voted for Trump because he believed he was the strongest pro-business candidate.“What exactly is an American business supposed to do?” he said. “We’re trying to do what the government wants. I came in really hoping that this administration would be really positive for business. I wish they were more in touch with the reality of what is happening on the ground and what people really want.”

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Killing of journalist underscores deteriorating conditions in Ecuador

Tomás Beltrán was shot dead amid gang warfare that has turned Latin American country into one of its most violentTomás Beltrán was manoeuvring his car into his garage on Sunday night when the Ecuadorian journalist was shot dead.Beltrán ran a Facebook page with news about Calceta, a small city in the province of Manabí, whose Pacific coastline has made it a key flashpoint in the gang warfare over drug trafficking routes that has transformed one of Latin America’s safest countries into one of its most violent. Continue reading...

Ukraine captures first Indonesian prisoner of war amid surge in Russian recruitment

Capture of man from Java follows reports that hundreds are being recruited from the south-east Asian country as Moscow seeks to boost its war effortUkraine says it has captured its first Indonesian prisoner of war, amid what it says is a spike in recruitment by Russia from the south-east Asian nation.The 49-year-old man from Java was taken to Ukraine’s Zaporizhzhia region to take part in a Russian assault, but managed to reach Ukrainian-held territory after the group came under drone attack, according to Ukraine’s state-run I Want to Live project. He was then captured by the Ukrainians. Continue reading...