Investors add to Bank of England rate cut bets as Trump hikes tariffs
Investors added to bets on Bank of England interest rate cuts and government bond yields fell sharply as global markets braced for a hit to trade and growth from US ...
Articles
Turkish annual inflation falls to 38.1 per cent in March
Turkish annual consumer price inflation dropped to 38.1 per cent in February, official data showed this week, lower than a Reuters poll forecast.
Month-on-month, inflation was 2.46 per cent, according to the ...
Pentagon watchdog opens probe into use of Signal for Yemen attack plans
The Pentagon’s Inspector General’s office announced on Thursday it was opening a probe into Defense Secretary Pete Hegseth’s use of an unclassified commercial texting application to coordinate ...
South Korea’s impeached President Yoon faces court ruling to decide his fate
South Korea’s Constitutional Court will rule on Friday whether to remove or reinstate impeached President Yoon Suk Yeol over his short-lived martial law declaration that sparked a crisis in ...
Russia bans Elton John AIDS Foundation to defend ‘spiritual and moral values’
Russia’s general prosecutor on Thursday banned the activities of the Elton John AIDS Foundation, accusing it of taking a negative stance towards countries like Russia that protect “traditional spiritual ...
Israel steps up Syria strikes, says Turkey aims for ‘protectorate’
Israel stepped up airstrikes on Syria overnight, declaring the attacks a warning to the new Islamist rulers in Damascus as it accused their ally Turkey on Thursday of trying to ...
Sneaker giants and apparel retailers blindsided by tariffs on Asian factory hubs
Prices of Nike Jordan and Adidas Samba sneakers are likely to rise in the U.S. after President Donald Trump imposed a raft ofnew tariffs on Vietnam, China, and Indonesia, ...
Nintendo shares dip despite Switch 2 announcement
Nintendo said it will launch its Switch 2 gaming device on June 5, with the long-anticipated successor to its hit hybrid home-portable Switch retailing for $449.99.
The Kyoto based-company this week announced more ...
Israeli leader Netanyahu applauds Hungary’s ICC exit on Budapest visit
Israeli leader Benjamin Netanyahu applauded Hungary for its “bold and principled” decision to leave the International Criminal Court as he visited Budapest on Thursday, a rare trip abroad in defiance ...
Russians fight to clear Kursk as Ukrainians hole up in monastery
Moscow’s troops were waging fierce battles on Thursday in Russia’s western Kursk region against Ukrainian forces, including hundreds holed up in a monastery, in an effort to rout ...
Hundreds of thousands flee as Israel seizes Rafah in new Gaza ‘security zone’
Hundreds of thousands of fleeing Gazans sought shelter on Thursday in one of the biggest mass displacements of the war, as Israeli forces advanced into the ruins of the city ...
Japan ‘disappointed’ in Trump tariffs, will support businesses
Japanese Prime Minister Shigeru Ishiba said on Thursday he was disappointed that his country did not win an exemption from President Donald Trump’s new tariffs and promised measures to ...
Migrants
At least seven die after migrant boat sinks off Greek island of Lesbos
At least seven migrants died, including one boy, one girl and two women, when their boat sank on Thursday off the Greek island of Lesbos, Greece’s coastguard said.
The ...
Shaken, stirred, and taxed: Cocktails take a hit
From Negroni cocktails to Scotch whisky, costs will rise, sales will fall, jobs will be cut, and drinks brands will disappear from U.S. bar menus as a result of ...
Liverpool restore 12-point lead as Jota seals Merseyside derby win
Liverpool continued their march towards the Premier League title with a 1-0 victory over Everton in a scrappy Merseyside derby as Diogo Jota slotted home the winner in the second ...
Mourinho accused of ‘physically attacking’ Galatasaray boss
Fenerbahce manager Jose Mourinho could be in trouble again after grabbing the nose of the Galatasaray manager at the end of another fiery Istanbul derby in which his side lost 2...
Trade war
Dollar plummets as Trump’s tariffs trigger safe-haven rush, euro surges
The dollar slid broadly on Thursday and the euro firmed after President Donald Trump announced harsher-than-expected tariffs against US trading partners, jolting the markets as investors sought safe havens such ...
Too early for treble talk, says Barcelona boss Flick
Barcelona manager Hansi Flick was keen to keep talk of trophies in check after his side booked their spot in the Copa del Rey final against rivals Real Madrid with ...
Oil prices plummet 3 per cent amid Trump’s tariff shockwaves
Oil prices fell by as much as 3 per cent on Thursday after US President Donald Trump announced sweeping new tariffs that investors worry will enflame a global trade war that ...
Australia says US tariffs ‘not act of a friend’ but rules out reciprocal move
Australian Prime Minister Anthony Albanese said on Thursday the decision by U.S. President Donald Trump to impose a 10% tariff on its ally was “not the act of a friend,” ...
German industry expects severe hit from Trump tariffs
Far-reaching tariffs announced by the U.S. administration will deal a major blow to the German industry, a major exporter to the world’s top economy, leading sector representatives said.
“...
Trump tariffs pile stress on ailing world economy
The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by ...
World leaders condemn Trump’s tariffs, some pledge retaliation
Countries across the world, including some of America’s closest allies, condemned President Donald Trump’s announcement of reciprocal tariffs and some pledged counter-measures while hoping the White House would ...
Disruption to global trade is a threat to open UK economy, business minister says
Britain faces a “threat” to its open economy from any global fallout from U.S. President Donald Trump’s sweeping tariffs but rather than retaliate it will double down on ...