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    European Union, Mercosur bloc of South American nations sign landmark free trade agreement
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January 18, 2026
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EU Mercosur free trade agreement: phased tariff elimination, agricultural quotas, environmental conditions, and pending EU ratification.
The EU and Mercosur signed a free trade agreement providing for the progressive elimination of more than 90% of tariffs via staggered timelines, establishing strict quotas for sensitive agricultural imports, coupling market access with environmental and production-related regulatory conditions, and including subsidy and safeguard measures for affected agricultural sectors; final entry into force is contingent on EU parliamentary ratification while Mercosur ratification faces broad regional support.
January 18, 2026
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Minneapolis immigration crackdown spurred National Guard mobilization, judicial limits on detaining peaceful observers, and contested re-arrest procedures.
Federal immigration enforcement in Minneapolis prompted mobilization of the National Guard to support state patrol duties while remaining staged, amid daily protests over aggressive federal entries and arrests. A federal judge barred officers from detaining or tear-gassing peaceful observers not obstructing operations. The case of Garrison Gibson-subject to an order of supervision-illustrates procedural challenges where a judge found inadequate notice of supervision revocation and ordered his return pending further proceedings.
January 18, 2026
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Tariffs on eight European countries are proposed as leverage over Greenland, citing national security and emergency economic powers.
A presidential announcement imposing a 10 percent tariff (rising to 25 percent if no purchase deal is reached) on imports from eight European countries uses trade measures as leverage over Greenland, invoking potential reliance on emergency economic powers and raising questions about executive authority, applicability against an EU single economic zone, and risks to transatlantic relations and alliance cooperation.
January 18, 2026
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Greenlanders protest threats to sovereignty as US proposes tariffs and discusses acquiring Greenland, asserting self-governance.
Mass protests asserted the island's self-governance and sovereignty in response to a foreign leader's overtures about acquiring the territory, and respondents framed an announced 10% import tax as potential economic coercion intended to punish opposition and influence allied states, highlighting tensions between trade measures and territorial claims.
January 17, 2026
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IndiGo flight disruptions: DGCA levies Rs22.2 crore penalties and orders Rs50 crore bank guarantee linked reform scheme.
DGCA imposed Rs 22.20 crore in penalties on IndiGo for operational failures linked to over optimisation, inadequate preparedness, software deficiencies and shortcomings in management and operational control, and ordered a Rs 50 crore bank guarantee under the IndiGo Systemic Reform Assurance Scheme (ISRAS), with phased release contingent on DGCA verified reforms in leadership and governance, rostering and fatigue risk management, digital systems resilience, and board level oversight.
January 17, 2026
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Punjab accelerates potash exploration to cut import dependence, approving new surveys and 15 drilling sites.
Punjab directed accelerated potash exploration to cut import dependence, reviewing completed G4 stage work in Qabarwala and Shergarh-Dalmirkhera, proposing reconnaissance in Kera-Khera and Saiyadwala, and preliminary exploration in Kandhwala-Ramsra with 15 drilling sites; about 50 square kilometres of the evaporite basin have been identified for detailed geophysical exploration.
January 17, 2026
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EU-Mercosur free trade agreement signed, strengthening commercial ties amid global protectionism and geopolitical and resource competition.
Signature of a free trade agreement between the European Union and the Mercosur bloc concludes protracted negotiations and establishes a legal framework to deepen commercial ties by expanding market access, reducing barriers, and responding to rising global protectionism through codified trade liberalization commitments.
January 17, 2026
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Odisha investment roadshow secures around Rs 1 lakh crore in memoranda of understanding and intent proposals.
Odisha secured around Rs 1 lakh crore in collective investments through a Kolkata investor outreach, yielding 27 Memoranda of Understanding for Rs 81,864 crore and 19 investment intent proposals for Rs 18,453 crore across manufacturing, metals, chemicals, textiles, pharmaceuticals and renewable energy after roughly 130 sector-specific meetings with over 500 business participants.
January 17, 2026
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IndiGo fined Rs22.2 crore and ordered to post Rs50 crore guarantee tied to phased systemic safety reforms and warnings.
The aviation regulator imposed Rs 22.20 crore in one-time financial penalties on IndiGo for failures to implement Flight Duty Time Limitation requirements and related rostering, fatigue management, and operational-control arrangements, and directed a Rs 50 crore bank guarantee under a Systemic Reform Assurance Scheme. The bank guarantee's phased release is contingent on DGCA-verified reforms addressing leadership and governance, manpower planning, rostering and fatigue-risk management, digital systems and operational resilience, and board-level oversight, with independent verification required at each stage.
January 17, 2026
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Tariffs on eight European countries announced: 10% from February, rising to 25% if Greenland sale not secured.
Announcement imposes a 10 per cent import tariff from February on goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, rising to 25 per cent on June 1 unless a deal is reached for the Complete and Total purchase of Greenland, linking tariff escalation to the status of territorial acquisition negotiations.
January 17, 2026
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Delcy Rodri guez is a long-running DEA priority target linked to allegations of drug trafficking and money laundering.
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January 17, 2026
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Greenland faces US threats of takeover and tariffs; Denmark affirms sovereignty and increases military and diplomatic measures.
Threats by the US President to assert control over Greenland and to impose tariffs on allies prompted political and security responses emphasizing sovereignty and alliance obligations. Denmark increased military presence, planned NATO Arctic training, and cited Danish rules of engagement to deter unilateral action. Meetings between Danish, Greenlandic and US officials agreed to form a working group, while congressional statements urged de escalation and affirmed that decisions on Greenland's status are for Denmark and Greenland alone.
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IndiGo fined Rs22.2 crore; regulator also demanded Rs50 crore bank guarantee after widespread flight cancellations.
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Trump says 8 European countries will face 10 per cent tariff for opposing US control of Greenland

January 18, 2026

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West Palm Beach (Florida), Jan 18 (AP) President Donald Trump said Saturday that he would charge a 10 per cent import tax starting in February on goods from eight European nations because of their opposition to American control of Greenland, setting up a potentially dangerous test of US partnerships in Europe.

Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland would face the tariff, Trump said in a social media post while at his golf club in West Palm Beach, Florida. The rate would climb to 25 per cent on June 1 if no deal was in place for “the Complete and Total purchase of Greenland” by the United States, he said.

The Republican president appeared to indicate that he was using the tariffs as leverage to force talks with Denmark and other European countries over the status of Greenland, a semiautonomous territory of NATO ally Denmark that he regards as critical to US national security.

“The United States of America is immediately open to negotiation with Denmark and/or any of these Countries that have put so much at risk, despite all that we have done for them,” Trump said on Truth Social.

The tariff threat could mark a problematic rupture between Trump and America's longtime NATO partners, further straining an alliance that dates to 1949 and provides a collective degree of security to Europe and North America. Trump has repeatedly tried to use trade penalties to bend allies and rivals alike to his will, generating investment commitments from some nations and pushback from others, notably China.

Trump is scheduled to travel on Tuesday to the World Economic Forum in Davos, Switzerland, where he likely will run into the European leaders he just threatened with tariffs that would start in little more than two weeks.

Danish Foreign Minister Lars Løkke Rasmussen said Trump's move was a “surprise” given the “constructive meeting” with top US officials this week in Washington.

The European Commission's president, Ursula von der Leyen, and the head of the European Council, Antonio Costa, said in a joint statement that tariffs “would undermine transatlantic relations and risk a dangerous downward spiral.” They said Europe would remain “committed to upholding its sovereignty.” There are immediate questions about how the White House could try to implement the tariffs because the EU is a single economic zone in terms of trading, according to a European diplomat who was not authorized to comment publicly and spoke on the condition of anonymity. It was unclear, too, how Trump could act under US law, though he could cite emergency economic powers that are currently subject to a US Supreme Court challenge.

Trump has long said he thinks the U.S. should own the strategically located and mineral-rich island, which has a population of about 57,000 and whose defense is provided by Denmark. He intensified his calls a day after the military operation to oust Venezuela's Nicolás Maduro earlier this month.

The president indicated the tariffs were retaliation for what appeared to be the deployment of symbolic levels of troops from the European countries to Greenland, which he has said was essential for the “Golden Dome” missile defense system for the US. He also has argued that Russia and China might try to take over the island.

The US already has access to Greenland under a 1951 defense agreement. Since 1945, the American military presence in Greenland has decreased from thousands of soldiers over 17 bases and installations to 200 at the remote Pituffik Space Base in the northwest of the island, the Danish foreign minister has said. That base supports missile warning, missile defense and space surveillance operations for the US and NATO.

Resistance has steadily built in Europe to Trump's ambitions even as several countries on the continent agreed to his 15 per cent tariffs last year in order to preserve an economic and security relationship with Washington.

French President Emmanuel Macron, in a social media post, seemed to equate the tariff threat to Russian leader Vladimir Putin's war in Ukraine.

“No intimidation or threats will influence us, whether in Ukraine, Greenland or anywhere else in the world when we are faced with such situations,” Macron said in a translated post on X.

Important for the whole world Earlier Saturday, hundreds of people in Greenland's capital, Nuuk, braved near-freezing temperatures, rain and icy streets to march in a rally in support of their own self-governance.

Thousands of people also marched through Copenhagen, many of them carrying Greenland's flag. Some held signs with slogans such as “Make America Smart Again” and “Hands Off.” “This is important for the whole world,” Danish protester Elise Riechie told The Associated Press as she held Danish and Greenlandic flags. “There are many small countries. None of them are for sale.” The rallies occurred hours after a bipartisan delegation of US lawmakers, while visiting Copenhagen, sought to reassure Denmark and Greenland of their support.

European training exercises Danish Major General Søren Andersen, leader of the Joint Arctic Command, told the AP that Denmark does not expect the US military to attack Greenland, or any other NATO ally, and that European troops were recently deployed to Nuuk for Arctic defense training.

He said the goal is not to send a message to the Trump administration, even though the White House has not ruled out taking the territory by force.

“I will not go into the political part, but I will say that I would never expect a NATO country to attack another NATO country,” he said from aboard a Danish military vessel docked in Nuuk. “For us, for me, it's not about signaling. It is actually about training military units, working together with allies.” The Danish military organised a planning meeting Friday in Greenland with NATO allies, including the US, to discuss Arctic security on the alliance's northern flank in the face of a potential Russian threat. The Americans were also invited to participate in Operation Arctic Endurance in Greenland in the coming days, Andersen said.

In his two-and-half years as a commander in Greenland, Andersen said that he hasn't seen any Chinese or Russian combat vessels or warships, despite Trump saying that they were off the island's coast.

But in the unlikely event of American troops using force on Danish soil, Andersen confirmed that Danish soldiers have an obligation to fight back.

Almost no better ally to US than Denmark Trump has contended that China and Russia have their own designs on Greenland and its vast untapped reserves of critical minerals. He said recently that anything less than the Arctic island being in US hands would be “unacceptable.” The president has seen tariffs as a tool to get what he wants without having to resort to military actions. At the White House on Friday, he recounted how he had threatened European allies with tariffs on pharmaceuticals and he teased the possibility of doing so again.

“I may do that for Greenland, too,” Trump said.

After Trump followed through, Republican Don Bacon, R-Neb, said "Congress must reclaim tariff authorities” so that they are not used solely at a president's discretion.

Denmark said this week that it was increasing its military presence in Greenland in cooperation with allies.

“There is almost no better ally to the United States than Denmark,” said Sen. Chris Coons, D-Del, while visiting Copenhagen with other members of Congress. “If we do things that cause Danes to question whether we can be counted on as a NATO ally, why would any other country seek to be our ally or believe in our representations?” (AP) OZ OZ

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