Bitcoin breaks new records — price surpasses $123,000
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day....
The EU aims to collaborate with Trump to address China's "non-market policies," as trade tensions rise. It is also considering protective measures to shield key industries from foreign competition.
The European Union has expressed a strong interest in collaborating with the U.S. President Donald Trump to address China's "non-market policies," according to recent statements by EU trade chief Maroš Šefčovič. This initiative aims to counteract competitive threats posed by China's economic practices.
Šefčovič emphasized the importance of transatlantic cooperation in tackling these challenges, highlighting that the EU, the U.S, and Japan had previously united during Trump's first term to address similar concerns regarding China's economic behavior.
This move comes amid heightened global trade tensions, with President Trump recently threatening new tariffs against both China and the EU. He announced discussions about imposing a 10% punitive duty on Chinese imports, citing issues such as fentanyl trafficking. Trump also expressed concerns over the EU's trade surpluses with the United States, suggesting potential tariff measures in response.
In response to these developments, the EU is considering strategies to strengthen its economic position. One such proposal involves allowing governments to favor European bidders in public procurement processes, a move reminiscent of Trump's "America First" policy. This draft plan aims to protect critical EU sectors from cheaper foreign competitors, particularly from China. However, critics argue that the policy might conflict with existing EU laws and World Trade Organization rules, which mandate non-discrimination in procurement.
The EU's willingness to collaborate with the Trump administration reflects a strategic approach to navigate the complexities of global trade dynamics and to address shared concerns over China's economic practices.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
UN Secretary-General Antonio Guterres said on Monday that only 35% of the Sustainable Development Goals (SDGs) are currently on course to meet their targets, while 18% are regressing.
US President Donald Trump warned on Monday that if no agreement is reached within 50 days to end the war in Ukraine, the US will impose 100% secondary tariffs on Russia.
On 13 July, a plane crash near London’s Southend Airport resulted in the deaths of four people. Essex Police confirmed that all the deceased were foreign nationals.
UN Secretary-General Antonio Guterres stated on Monday that a ceasefire in the Gaza Strip alone is insufficient to resolve the conflict. He emphasised the necessity of a two-state solution where both Palestinians and Israelis can fully exercise their rights.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
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