Thousands gather in Tel Aviv to mark Gaza ceasefire
On the evening of 11 October, thousands of Israelis gathered at Hostages Square in Tel Aviv to mark the halt of fighting in the Gaza Strip and the imp...
Greek central bank governor Yannis Stournaras warned in an interview with the Financial Times on Monday that US President Donald Trump’s new tariff measures could slow euro area economic growth by between 0.5 and 1 percentage point.
His comments come as EU nations consider targeted countermeasures on up to $28 billion of US imports - from items like dental floss to diamonds.
The 27-member bloc currently faces a 25% tariff on steel, aluminum, and cars, along with “reciprocal” tariffs of 20% on nearly all other goods, effective from Wednesday. Stournaras cautioned that the emerging global trade war might trigger a significant “negative demand shock” in the eurozone, potentially weakening economic activity and pushing inflation below central bank targets.
He explained, “A notable adverse impact on growth could lead to activity being much weaker than expected, dragging inflation below our targets.” The European Central Bank has estimated that a blanket 25% US tariff on European imports would reduce eurozone growth by 0.3 percentage points in the first year, a figure that could rise to half a percentage point if the EU enacts its own counter-tariffs.
Stournaras described the tariffs as deflationary measures and noted that some of the US actions have been “worse than expected,” contributing to an “unprecedented” degree of global policy uncertainty. With the next ECB rate decision set for April 17 and eurozone inflation easing to 2.2% in March from 2.3% in February, there is growing speculation about further interest rate cuts.
Trade between the US and the EU remains robust, with 2024 figures showing US imports from the EU at 334 billion euros, compared to 532 billion euros in EU exports to the United States. On April 2, Trump announced a 10% baseline tariff on all US imports along with higher duties on goods from roughly 60 countries, intensifying the trade dispute.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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