Norwegian NGO head validates US concerns regarding forced labor legislation
Heidi Furustøl, head of Ethical Trade Norway, acknowledged that Norway lacks sufficient legal prohibitions against forced labor, potentially validating arguments for US-imposed tariffs. The admission highlights a regulatory gap that could be leveraged by the Trump administration to justify trade barriers against Norwegian goods.
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Russia — 12 developments
European Wildfires Escalate in France and Spain; Global Markets Volatile
Large-scale wildfires are actively spreading across France and Spain, particularly threatening Bordeaux and Madrid, leading to mass evacuations and significant atmospheric impact. Concurrently, global markets are exhibiting increased volatility, with the VIX rising and the Japanese Yen reaching a 40-year low. The full extent of property damage and the long-term economic impact of both situations remain unclear.