Azerbaijan, UAE to build two container ships for Caspian trade
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspia...
World Economic Forum attendees in Davos expressed growing concerns about President Donald Trump’s proposed tariff policies, warning of potential economic disruptions and uncertainty as he begins his second term.
At the 2025 World Economic Forum (WEF) in Davos, Switzerland, attendees expressed apprehension about the potential economic uncertainties stemming from the Trump administration’s proposed tariff policies.
President Donald Trump, sworn in for a second term on Monday, has pledged to impose additional tariffs on various trading partners. Critics fear this approach could burden American businesses and strain international trade relationships.
"I think he's proposing lots of tariffs. We'll see how much of that actually plays out," said Andy Merrill, partner at Prosek. "Often a lot of what he says turns out to be less dramatic than what he originally said."
Emily Gallagher, a WEF attendee from New York, highlighted the broader economic implications. "His love of tariffs is really going to affect the U.S. economy, imports, and exports, and definitely our relationships with other countries," she said.
Floriane Lavaud, senior partner at Withers, voiced concern over the rapid changes the administration might bring. "There’s going to be a lot of uncertainty. Recent statements have caused fear that things will move very quickly," she noted.
John Quelch, executive vice chancellor of Duke Kunshan University, pointed to Trump’s unpredictability. "President Trump brings a fresh perspective to almost every issue. And no one knows exactly what that perspective is," he said.
As the Trump administration’s policies begin to unfold, businesses and global leaders remain watchful of the potential ripple effects on the global economy.
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.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
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.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspian Sea.
The United Nations will give low-income countries more money to help them attend COP30, the global climate summit set to take place in Brazil this November, in view of soaring accommodation costs in the Amazonian city of Belem.
Five United Nations police officers from the Republic of the Congo were killed when an armoured personnel carrier in the Central African Republic crashed.
Thousands of people marched through London on Wednesday to protest against U.S. President Donald Trump's state visit to Britain while a much smaller crowd gathered outside the royal Windsor Castle west of the capital to give him a warm welcome.
President Donald Trump has paid his respect to the Late Queen Elizabeth by laying a wreath on her tomb.
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