Bloomberg The US will impose further punitive tariffs on imports of softwood lumber from Canada, escalating a longstanding trade dispute that’s already led to higher timber prices. Preliminary anti-dumping duties of as much as 7.7 percent will be levied on Canadian producers, the US Department of Commerce said in a statement. The move follows the government’s decision in April to …

Bloomberg Qatar will remain cut off from its neighbours unless its leaders meet the full demands of the Saudi Arabia-led coalition, a senior Saudi official said, even as the top US diplomat continued efforts towards a negotiated settlement. “We made our point, we took our steps and it’s up to the Qataris to amend their behaviour,” Saudi Foreign Minister Adel …

Bloomberg UK Prime Minister Theresa May will face the first key test of her new minority government’s power as opposition Labour Party leader Jeremy Corbyn challenges Tory lawmakers over austerity. In the wake of the inferno at a London high-rise apartment building this month that’s believed to have killed 79 people and a wave of terrorist attacks in Britain, Corbyn …