Federal Reserve cuts interest rates, trims workforce
The Federal Reserve on Wednesday reduced its benchmark interest rate by a quarter point to a range of 4–4.25%, responding to slowing economic growth...
Poland's deputy prime minister vowed on Tuesday to stick with plans to introduce a new tax on big tech, hitting back at a threat of retaliation from the incoming United States ambassador amid a deepening war of words between Warsaw and Washington.
The dispute intensified after Thomas Rose, the incoming US ambassador to Poland, took to X (formerly Twitter) on Monday evening. In his post, Rose described the proposed tax as “not very smart” and warned that it would hurt Poland and its relations with the United States. “A self destructive tax that will only hurt Poland and its relations w/USA. President Trump will reciprocate as well he should. Rescind the tax to avoid the consequences!” he wrote.
In an interview with Radio Zet, Gawkowski, who also serves as minister of digital affairs, dismissed Rose’s criticism as an overreach. “It’s sick for somebody to tell another country what legislation it can pass,” he said, adding, “This is standing democracy on its head.”
Meanwhile, Polish Funds Minister Katarzyna Pelczynska-Nalecz, representing the centre-right Poland2050 coalition partner, questioned the timing of the tax. Speaking on state TV, she acknowledged that taxing big tech could be beneficial but called the current timing “incomprehensible” given the potential risks of igniting a trade war.
Gawkowski provided few specifics about the new tax but indicated that it would target profits made by big tech firms in Poland and aim to support the growth of domestic technology companies. His remarks came amid an already volatile atmosphere in US-European relations, fueled by President Donald Trump’s hard-line security and trade policies, which have strained Washington’s ties with traditional allies in the region.
The spat adds to a series of recent high-profile exchanges between US and Polish officials. Last weekend, a public disagreement involving US Secretary of State Marco Rubio, tech billionaire Elon Musk, and Polish Foreign Minister Radoslaw Sikorski erupted after Sikorski suggested that Poland might need to find a new provider for Ukraine’s internet services if Elon Musk’s Starlink were to become unreliable. Poland currently funds Ukraine’s Starlink subscription, a move that has sparked further debate.
Polish Prime Minister Donald Tusk also weighed in on social media, cautioning Poland’s “friends” against “arrogance” in their dealings, while the nationalist opposition party Law and Justice (PiS) criticized the government’s approach, arguing that it was harming relations with Poland’s most important ally.
As the situation develops, Poland’s resolve to implement its big tech tax underscores a broader clash over economic policy and national sovereignty, set against the backdrop of an increasingly complex transatlantic relationship.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment