Stellantis halts plants over U.S. tariffs
Stellantis is pausing production in Mexico and Canada and laying off U.S. workers after Trump’s expanded tariffs hit the auto industry.
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
China has intensified its control over key strategic mineral exports in response to U.S. tariffs, raising global concerns over supply chain vulnerabilities. On Friday, Beijing added several rare earth elements to its export control list, signalling its readiness to weaponise its dominance in critical mineral markets.
The restrictions follow a series of curbs introduced since 2023. In February, China required export licences for products related to tungsten, tellurium, bismuth, indium, and molybdenum—metals vital for defence and clean energy industries. January saw proposals to limit technology exports for processing lithium, gallium, and battery components.
Last December, China outright banned exports of antimony, gallium, and germanium to the U.S. These metals are essential for electronics, solar tech, and defence systems. China controls up to 90% of global refining for these elements.
Also in 2023, China restricted graphite exports—critical for electric vehicle batteries—and banned the export of rare earth magnet manufacturing technology. With near-total dominance over rare earths refining, China’s moves are forcing Western firms to rethink sourcing and bolster domestic capabilities.
As trade tensions deepen, these strategic controls could reshape global supply chains and accelerate the race for mineral independence.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
The European Commission is challenging Italy's use of "golden powers" in the banking sector, raising concerns over potential breaches of EU law and prompting a broader debate on investment screening rules across the bloc.
Today, the High-Level Economic Dialogue between Türkiye and the European Union has been resumed in Brussels after six years.
BP Chair Helge Lund intends to step down "likely during 2026" and the process to pick his successor has started, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.
Wall Street’s major indexes tumbled sharply after U.S. President Donald Trump’s sweeping tariffs on key trade partners triggered fears of a trade war and global recession. Investors reacted with panic, sending markets into a steep decline.
The European Bank for Reconstruction and Development (EBRD) and the Food and Agriculture Organization of the United Nations (FAO) have joined forces to improve farmland management and strengthen food security in the Kyrgyz Republic.
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