BIST 100 hits 11,000 mark
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 point...
Beijing has warned the Trump administration against restoring steep U.S. tariffs next month and signalled it will retaliate against countries that cut China out of supply chains through bilateral deals with Washington.
The warning, issued through a commentary in the official People’s Daily on Tuesday, follows U.S. moves to reimpose high tariffs on Chinese goods unless a new agreement is reached by 12 August. The commentary urged dialogue and criticised what it called “bullying” tactics by the U.S.
“One conclusion is abundantly clear: dialogue and cooperation are the only correct path,” said the article, published under the pseudonym “Zhong Sheng”, which represents the Chinese Communist Party’s official stance on foreign affairs.
President Donald Trump has begun notifying trade partners of new tariffs due to take effect on 1 August. While most countries were given time to strike agreements, China faces import duties exceeding 100% unless a deal is reached.
The People’s Daily said China must uphold its “principled positions” to defend its rights and warned that Beijing would “respond resolutely” if third-party countries strike tariff deals with the U.S. that undercut Chinese trade.
The comments follow a June agreement between Beijing and Washington that temporarily eased tensions, but many details remain unresolved. The Peterson Institute for International Economics estimates current average U.S. tariffs on Chinese goods at 51.1%, with China’s duties on U.S. products averaging 32.6%.
China also responded to recent moves by regional economies. Last week, Vietnam secured a reduced U.S. tariff of 20%—down from 46%—on certain goods, while Chinese-origin items transshipped through Vietnam face a 40% levy.
The commentary said China “firmly opposes any side striking a deal that sacrifices Chinese interests in exchange for tariff concessions” and warned it would not tolerate arrangements that alter global supply chains to its detriment.
With a new deadline approaching and high tariffs looming, the risk of another full-blown trade dispute remains high. Markets are watching closely to see whether both sides will re-engage or return to retaliatory measures.
The Champions League match between Qarabağ FK and Chelsea ended 2–2 at the Tofig Bahramov Republican Stadium in Baku, Azerbaijan on Wednesday (5 November).
Brussels airport, Belgium's busiest, reopened on Wednesday morning after drone sightings during the previous night had resulted in it being temporarily closed, although some flights remained disrupted, its website said.
A French court has postponed the trial of a suspect linked to the Louvre jewellery heist in a separate case, citing heavy media scrutiny and concerns about the fairness of the proceedings.
U.S. federal investigators have recovered the flight recorders from the wreckage of a UPS cargo plane that crashed and erupted in flames during takeoff in Louisville, Kentucky, killing at least 12 people and halting airport operations.
A 35-year-old man drove his car into pedestrians and cyclists on France’s Oléron island on Wednesday, injuring at least nine people in an attack that has drawn attention from national leaders.
Kazakhstan and the United States have signed a memorandum of understanding on cooperation in critical minerals, the Kazakh presidential press service Akorda announced on Thursday.
The United Nations Development Programme (UNDP) has reported that Hurricane Melissa left behind almost 5 million metric tons of debris across western Jamaica when it struck the island on 28 October.
A new country is poised to join the Abraham Accords, the series of normalisation agreements with Israel, according to U.S. President Donald Trump’s special envoy, Steve Witkoff.
The United Nations has reported that Israel has rejected 107 requests to deliver humanitarian aid materials into the Gaza Strip since the ceasefire came into effect on 10 October, preventing essential relief from reaching civilians.
Former Polish justice minister Zbigniew Ziobro skipped parliamentary proceedings on Thursday that could result in him being stripped of his immunity and detained, apparently choosing to follow events from Hungary amid claims he would not receive a fair hearing in Warsaw.
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