European stocks fall as Trump tariff threats rattle markets
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening i...
Start your day informed with AnewZ Morning Brief: here are the top news stories for March 12th, covering the latest developments you need to know.
1. US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal
The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia, the countries said in a joint statement.
After more than eight hours of talks with Ukrainian officials in Jeddah, Saudi Arabia, U.S. Secretary of State Marco Rubio said the U.S. would now take the offer to Russia, and the ball is in Moscow's court.
2. Yemen's Houthis to resume attacks on Israeli ships after Gaza aid deadline ended
The Houthis had launched more than 100 attacks targeting shipping from November 2023, saying they were in solidarity with Palestinians over Israel's war with Hamas in Gaza.
3. Greenland's pro-business opposition wins election amid Trump control pledge
Greenland's pro-business opposition Demokraatit party won Tuesday's closely watched parliamentary election, beating the incumbent left-wing coalition in a vote dominated by U.S. President Donald Trump's pledge to take control of the island.
Demokraatit, which favours a slow approach to independence from Denmark, secured 29.9% of the votes with all ballots counted, up from 9.1% in 2021, ahead of the opposition Naleraq party, which favours rapid independence, at 24.5%.
4. US House Republicans pass stopgap bill to fund government
The Republican-controlled U.S. House of Representatives on Tuesday passed a stopgap bill to keep federal agencies funded past Friday, averting a partial shutdown beginning this weekend even as President Donald Trump dramatically cuts the government.
The bill passed in a nearly party-line 217-213 vote, with one Republican voting no and one Democrat yes.
The continuing resolution, which largely keeps the government funded at its current level through September 30, would need to be passed by the Republican-majority Senate and signed by Trump into law by Friday to avoid a shutdown.
5. In rare meeting without U.S. ally, Western army chiefs meet to show Ukraine unity
More than 30 army chiefs among Washington's closest allies met in Paris on Tuesday without their U.S. counterparts, seeking to take on more responsibility over the Ukraine war given President Donald Trump's unpredictability and rapprochement with Moscow.
The closed-door gathering of 34 army chiefs, including NATO alliance and EU members as well as Japan and Australia, was a rare - and possibly unprecedented - convening without the U.S.
6. Pakistan insurgents take dozens of hostages in attack on train, police say
Separatist militants blew up a railway track and opened fire on a passenger train in southwestern Pakistan on Tuesday, taking dozens of hostages and battling security forces conducting a rescue operation, police and the insurgents said.
Police have not specified how many passengers were taken hostage in the remote mountainous area but the insurgents said they were holding 214 people, and have threatened to start executing them.
7. Trump halts plan for 50% steel and aluminium tariffs on Canada
Donald Trump has halted a plan to double US tariffs on Canadian steel and metal imports to 50%, just hours after first threatening them.
Tariffs of 25% are still going ahead and will take effect from the 12 March.
8. EU to impose counter tariffs on over $28 billion of US goods
The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the European Commission said in a statement on Wednesday.
The commission said it will end the current suspension of tariffs on U.S. products on April 1 and will also put forward a new package of countermeasures on U.S. goods by mid-April.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
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.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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