Global markets plunged on Monday as Trump’s tariffs on Canada, Mexico, and China rattled investors, fueling fears of a trade war. A last-minute pause on Mexico’s tariffs helped limit losses, while gold hit a record high and U.S. factory activity returned to growth.
Wall Street drop: The S&P 500 fell 0.38%, while the Dow Jones recovered slightly, closing 0.01% higher.
Tech sector hit: The Nasdaq Composite lost 0.72%, reflecting broader weakness in technology stocks.
Europe’s worst session of 2025: The STOXX 600 plunged 0.87%, while the FTSEurofirst 300 dropped 0.81%.
Asia tumbles: Japan’s Nikkei 225 fell 2.66%, while the MSCI Asia-Pacific index slid 2.04%.
Gold soared to an all-time high of $2,819.50 per ounce, as investors sought safe-haven assets.
Dollar’s mixed performance: After an initial rise, the dollar index fell 0.51%, while the Mexican peso strengthened 1.14% following the tariff pause.
Euro slides: The euro dropped 0.73% to $1.0286, while the Canadian dollar weakened 0.22% against the U.S. dollar.
Crude oil gains: After initial losses, Brent crude rose 0.38% to $75.96 per barrel, while U.S. crude climbed 0.87% to $73.16 per barrel.
₿ Crypto declines: Bitcoin fell 0.91% to $101,215, while Ethereum plunged 17.13% to $2,749.05, extending a broader sell-off in digital assets.
📈 Manufacturing returns to growth: U.S. factory activity expanded for the first time since October 2022, signaling stronger industrial demand.
🔍 Federal Reserve impact: Analysts warn the data may delay rate cuts, as a stronger economy could fuel inflation concerns.
After nearly six decades at the helm, Warren Buffett says he will step down as CEO of Berkshire Hathaway, naming Greg Abel as his successor.
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
Tesco is set to respond to Asda’s price-cutting strategy as it reports full-year results. While Asda aims to reclaim market share with lower prices, analysts question its sustainability. Tesco, with a strong balance sheet, expects steady growth despite rising costs.
The United States has quietly approved a Qatari initiative to finance salaries for Syrian public-sector workers, marking a significant shift in Western engagement with post-Assad Syria, according to three sources familiar with the matter.
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
U.S. President Donald Trump said Wednesday that an announcement related to the Gaza Strip is likely within the next 24 hours, signaling potential developments in the U.S. approach to the worsening humanitarian crisis in the besieged enclave.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
ChatGPT has rapidly emerged as one of the most influential artificial intelligence tools, transforming how we interact with technology through natural language.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
New Tesla registrations in Denmark collapsed 67 % in April to 180 vehicles, industry data showed Thursday, underscoring a sharp demand drop for the EV maker in one of its once-strong European markets.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.
The United States has quietly approved a Qatari initiative to finance salaries for Syrian public-sector workers, marking a significant shift in Western engagement with post-Assad Syria, according to three sources familiar with the matter.
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
U.S. President Donald Trump said Wednesday that an announcement related to the Gaza Strip is likely within the next 24 hours, signaling potential developments in the U.S. approach to the worsening humanitarian crisis in the besieged enclave.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
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