Syrian President al-Sharaa makes landmark Visa payment as country reconnects with global financial system
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system....
In response to the 25% tariffs recently imposed by the United States, President Claudia Sheinbaum announced Tuesday that Mexico will implement its own retaliatory tariffs on U.S. goods.
he specific products targeted by the new measures will be revealed on Sunday at a public event held in Mexico City’s central plaza.
Addressing the decision, Sheinbaum stated, “There is no motive or reason, nor justification that supports this decision that will affect our people and our nations.” Her remarks suggest that while Mexico is taking a firm stance against the U.S. tariff regime, the country may also be seeking ways to de-escalate the broader trade dispute initiated by President Donald Trump.
The move comes as tensions between the two nations continue to simmer over trade policies. By announcing its intent to impose retaliatory tariffs, Mexico aims to protect its economic interests and signal its dissatisfaction with the U.S. measures. However, the public nature of the announcement and the planned disclosure of targeted products indicate a potentially measured approach, balancing economic defense with efforts to avoid further escalation.
As the situation develops, market analysts and trade experts will be watching closely for signs of how these tariffs might affect bilateral trade flows between Mexico and the United States.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Ratko Mladić, the former Bosnian Serb military commander convicted of genocide for his role in the 1995 Srebrenica massacre, has died, according to a United Nations official.
A glacial collapse that triggered catastrophic flooding along the Nepal-Tibet border on Wednesday has killed at least 270 people, with more than 1,000 still missing. Here are some of the most devastating glacier-related disasters recorded around the world:
The UN Children’s Fund (UNICEF) says 3.7 million children across Afghanistan are suffering from acute wasting, a dangerous form of malnutrition, including around one million with severe acute malnutrition, as hospitals and aid services face rising demand and funding shortages.
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow earlier this week to warn Russia against attacking NATO, dismissing them as "scare stories," which had nothing to do with reality.
Icelanders will vote on Saturday, 29 August, on whether to resume negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
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