Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
Global stock markets experienced a sharp decline on Monday as U.S. President Donald Trump remained steadfast in his tariff policies, triggering widespread panic among investors. The uncertainty surrounding tariffs has pushed futures markets to price in nearly five interest rate cuts by the Federal Reserve this year, sparking fears of a potential U.S. recession.
As stock prices plummeted, Treasury yields dropped, and investors flocked to safe-haven assets like the Japanese yen. The S&P 500 futures fell almost 5%, and the Nasdaq futures saw a dramatic 5.7% drop. Markets across Europe and Asia also suffered significant losses, with Germany’s DAX sinking by 9.4% and Hong Kong’s Hang Seng Index posting its largest decline since the 2008 financial crisis.
The tariff turmoil has led to rising concerns about inflation, with many companies facing pressure to either raise prices or absorb lower profit margins. Analysts expect more negative revisions to profit margin estimates as the earnings season gets underway.
Despite these market disruptions, analysts are betting that the Federal Reserve could reduce interest rates as early as May to cushion the economic impact. However, it remains unclear how long this downward market spiral will last amidst growing global uncertainty.
A new business partnership between the European Union and Ukraine has been launched in Brussels where the EU-Ukraine Business Summit took place from April 10 to 11.
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
Tesco is set to respond to Asda’s price-cutting strategy as it reports full-year results. While Asda aims to reclaim market share with lower prices, analysts question its sustainability. Tesco, with a strong balance sheet, expects steady growth despite rising costs.
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.
The EU is preparing countermeasures after Trump’s sweeping tariffs, set to impose a 10% minimum duty on imports and 20% on EU goods. European leaders warn of economic fallout as trade ministers plan next steps, with talks critical to avoiding a trade war.
Russian President Vladimir Putin announced Tuesday that Russia and Belarus are planning to establish a joint aviation factory focused on producing drones and other aircraft. The announcement came during a meeting with Belarusian President Alexander Lukashenko in the Russian city of Volgograd.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Russian President Vladimir Putin announced Tuesday that Russia and Belarus are planning to establish a joint aviation factory focused on producing drones and other aircraft. The announcement came during a meeting with Belarusian President Alexander Lukashenko in the Russian city of Volgograd.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
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