European Union leaders have announced a 4.7 billion euro ($5.1 billion) investment package in South Africa to support green energy transition and vaccine production at their first bilateral summit in seven years.

US President Donald Trump has threatened a 200% tariff on any alcohol coming to the US from the European Union (EU) in the latest twist of an escalating trade war. The threat is a response to the EU's plans for a 50% tax on imports of US-produced whiskey as part of its retaliation to Trump's tariffs on all steel and aluminium imports to the US.

The European Union rolled out new tariffs against the United States, targeting $28 billion in exports, in retaliation for President Donald Trump‘s 25% tariff on steel and aluminum. The EU slapped tariffs on U.