ECO Interior Ministers, observers discuss security agenda in Tehran
The Interior Ministers of the Economic Cooperation Organization (ECO) met in Tehran on Tuesday to promote cooperation in cybersecurity and fight again...
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.
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.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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