World

European shares experienced a substantial decline today, marking their steepest loss in eight months. The drop comes amidst rising concerns that an intensifying trade war could hinder economic growth, particularly following the significant tariffs announced by U.S. President Donald Trump. The CAC in Paris closed down 3.3% at 7,598, while Frankfurt's DAX dropped 3% to 21,700. London's FTSE index fell by 1.55% to settle at 8,474. Additionally, Dublin's ISEQ index saw a decline of over 2%, closing at 10,145. In the lead-up to…

During a significant visit to Budapest, Israeli Prime Minister Benjamin Netanyahu commended Hungary for its "bold and principled" decision to withdraw from the International Criminal Court (ICC). This trip is particularly noteworthy as it represents a rare venture abroad in light of an ICC arrest warrant issued against him. The invitation from Hungary's right-leaning Prime Minister Viktor Orban came shortly after the ICC launched the arrest warrant, attributing it to allegations of war crimes amid Israel's…

U.S. President Donald Trump has announced a significant 20% tariff on imports from the European Union, a decision aimed at reshaping trade dynamics. Speaking from the White House Rose Garden last night, he articulated that this figure represents roughly half of the tariffs the EU currently imposes on American goods. He referred to this move as a "declaration of economic independence," highlighting a shift towards a more self-reliant economic stance. President Trump described the newly imposed tariffs as "reciprocal,"…

The White House has confirmed that tech entrepreneur Elon Musk will continue his efforts to reduce government spending and streamline the federal workforce, countering rumors suggesting he might leave his position soon. This clarification comes in light of reports from Politico and ABC, which indicated that US President Donald Trump had communicated to his Cabinet that Mr. Musk's departure from public service was imminent. However, it remains unclear whether this departure could occur before his 130-day term as a special…

Trump Declares 20% Tariff on EU Goods In a surprising move, former President Donald Trump announced a plan to implement a hefty 20% tariff on a wide range of goods imported from the European Union. This decision has significant implications for trade relations across the Atlantic and is bound to spark a robust discussion among economists and policymakers alike. Understanding the Impact Trump's tariff proposal aims to address imbalances in trade that he argues disadvantage American producers. "We cannot allow our great…

Ursula von der Leyen, the President of the European Commission, has expressed her concerns regarding the recent universal tariffs imposed by U.S. President Donald Trump. According to von der Leyen, these tariffs represent a significant setback for the global economy, predicting substantial hardships ahead: "This is a major blow to the world economy, which will suffer tremendously." President Trump has announced a new minimum tariff of 10% on most goods imported into the United States, with an even steeper 20% tariff on…

Trump's Tariffs: A Global Concern, According to Lagarde Christine Lagarde, the President of the European Central Bank (ECB), recently expressed her concerns regarding the impact of former President Donald Trump's tariffs on global trade. In her statement, she underscored, "The ripple effects of such economic policies extend far beyond borders, negatively impacting economies worldwide." Lagarde emphasized that tariffs implemented by the U.S. could create imbalances in international trade, leading to increased prices for…

The European Commission has chosen not to comment on the situation concerning two Irish nationals facing deportation from Germany due to their involvement in pro-Palestinian demonstrations. However, a spokesperson emphasized that any limitations imposed on the free movement of EU citizens must be “justified and proportionate.” Roberta Murray, 31, and Shane O'Brien, 29, have received deportation orders requiring them to leave Germany by April 21. This decision follows allegations regarding their actions linked to protests…

Survivors of the devastating earthquake in Myanmar are urgently calling for increased aid as the situation remains dire. As the death toll rises and the humanitarian crisis deepens, voices from within the country are pleading for an end to military operations against rebel forces. A shallow 7.7-magnitude earthquake struck on Friday, resulting in widespread destruction and claiming the lives of over 2,800 individuals, while leaving countless others homeless. The World Health Organization (WHO) reports that one in three…

Israel has announced plans to enhance its military operations, indicating a move to seize "large areas" of the Gaza Strip, where recent strikes have tragically resulted in the deaths of 34 individuals, including casualties at a UN facility. As Israel's Defence Minister, Israel Katz, stated, the objective is to "destroy and clear the area of terrorists and terrorist infrastructure." While details about the specific territories to be seized remain unspecified, Katz emphasized that these areas would become part of Israeli…