The European Union will escalate a probe against fast-fashion retailer Shein as early as next week by detailing alleged violations of product safety and other consumer laws that could lead to fines, Bloomberg News reported on Friday,

Ugandan military authorities on Friday accused European diplomats of engaging in subversive activities, in an escalation of tensions over criticism of human rights violations by the security forces

Almost £200m worth of recently-built port infrastructure in Northern Ireland faces partial redundancy when this week's EU-UK deal is eventually implemented. Food products and plants being shipped from Great Britain currently have to pass through government-operated border control posts (BCPs) at Northern Ireland ports.

The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

A new Trump tariff threat targets a bloc of 27 countries that add up to the largest U.S. trade partner.

The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50% tariffs beginning June 1.