EU-Mercosur deal gets green light

欧盟与南美共同市场协议获批准

World Business Report

2026-01-10

2 分钟
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A free trade agreement between the European Union and the South American trade bloc is approved, but some countries aren’t happy. We speak to a European Commissioner for Trade about the deal. And there's another big deal brewing - this time in the mining sector, as Glencore and Rio Tinto are in preliminary talks about a takeover worth two hundred and seven billion dollars. A mining analyst gives us his take on what it could mean for the industry. And how has news of that deal affected markets? We’ll be finding out.
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  • Hello, I'm Nick Marsh with the BBC Business Update.

  • The Supreme Court of the United States could rule as soon as today,

  • Friday, on whether President Trump's use of emergency powers to impose tariffs is illegal.

  • At a hearing in November,

  • justices appeared skeptical of the Trump administration's justification for blanket import taxes on most of its trading partners.

  • With more details, here's our North America business correspondent, Michelle Flurry.

  • The cases before the Supreme Court were brought by an educational toy manufacturer and a family-owned wine and spirit importer,

  • both challenging tariffs imposed during Donald Trump's presidency.

  • At the heart of the dispute is whether the International Emergency Economic Powers Act,

  • known as IEPA,

  • gave the president the authority to impose sweeping tariffs,

  • or whether doing so exceeded constitutional limits.

  • Reports in US media say White House officials are considering paying Greenlanders directly as part of Donald Trump's efforts to acquire the Arctic territory.

  • The Reuters news agency says payments could be between $10,000 and $100,000 per person.

  • Polls of Greenland's 57,000 inhabitants have consistently showed that most are opposed to joining the United States,

  • even if a majority would like to eventually gain independence from the Kingdom of Denmark.

  • The US carmaker General Motors has said it'll write off another $6 billion linked to its decision to scale back investments in electric vehicles.

  • GM is the latest carmaker to scale back on EVs in response to President Trump's decision to end Biden-era federal policies designed to foster the adoption of zero-emission vehicles,

  • as well as slower demand.

  • And OpenAI has launched a new chat GPT feature in the United States which can analyse people's medical records to give them better answers.