Sterling, yen dragged by fiscal and political worries
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in...
Tensions are rising as the EU considers tougher trade retaliation against the U.S., following a breakdown in negotiations and looming tariffs.
The European Union is preparing stronger countermeasures against the U.S. after trade talks faltered and President Trump threatened a 30% tariff on EU exports by 1 August.
EU diplomats say support is growing, especially from Germany for activating a broad 'anti-coercion' tool that could target U.S. services, public tenders, and investments.
EU Trade Commissioner Maros Sefcovic warned such tariffs would 'practically prohibit' trade, while diplomats say Washington failed to offer consistent solutions.
Though the EU still prefers a negotiated deal, the option to impose retaliatory tariffs on €72 billion worth of U.S. goods is under active consideration.
European Commission President Ursula von der Leyen said the anti-coercion measure was designed for 'extraordinary situations'—and now, the bloc may be nearing that point.
Washington has also rejected the EU's demand for a 'standstill' arrangement, whereby no further tariffs would be imposed after a deal is struck.
The rationale, according to diplomats, is that Trump's hands cannot be tied on national security, the basis of Section 232 trade investigations into pharmaceuticals, semiconductors and timber.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
China launched its largest military parade on Wednesday, showcasing growing firepower as President Xi Jinping sought to project Beijing’s role on the global stage. Russian President Vladimir Putin and North Korean leader Kim Jong Un were among the leaders attending at Tiananmen Square.
China held its largest-ever military parade on Wednesday, showcasing its growing military power and geopolitical influence as President Xi Jinping positions Beijing as a custodian of the post-U.S. international order.
U.S. forces carried out a precision strike on a suspected transnational drug vessel in the southern Caribbean, killing all 11 people aboard, President Donald Trump and the Pentagon confirmed on Tuesday.
Moscow maintains that negotiations between Russia and Ukraine should continue, but stresses that progress is only possible if what it calls the “new territorial realities” are acknowledged.
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