India, China appear to mend fences as direct flights resume
India and China have resumed direct commercial flights for the first time in five years, marking a cautious thaw in relations between the two Asian gi...
S&P says easing tariff tensions between the US and China has improved macroeconomic conditions by lowering uncertainty, boosting markets, and reducing risks, though global trade challenges still weigh on credit conditions.
Standard & Poor's (S&P) has stated that the recent de-escalation in US-China tariff tensions has temporarily improved the global macroeconomic outlook. The international credit rating agency noted that lower bilateral tariffs between the world’s two largest economies, reduced policy uncertainty, and a more upbeat market environment are contributing to this relief.
“The tariff climbdown improves our macroeconomic outlook,” S&P said in a statement, highlighting the positive impact on asset prices and partial reopening of markets.
Despite this temporary improvement, S&P warned that the broader global trade environment remains a source of pressure on financial conditions and credit ratings. "Tail risks have eased, but trade dynamics still affect sectors and countries unevenly,” the agency added.
The positive development followed a rare joint statement by the US and China after trade negotiations in Geneva. Both countries agreed to reduce tariffs for a 90-day period: the US cutting its rate on Chinese goods from 145% to 30%, and China reducing its rate from 125% to 10%.
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 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.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
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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