Museum security under pressure as gangs target jewellery and gold
Crime gangs across Europe are increasingly stealing gold and jewels from cash-strapped museums such as the Louvre, but while police often catch the th...
The European Union is prepared to retaliate against U.S. tariffs but prefers a negotiated resolution, European Commission President Ursula von der Leyen said. She warned that U.S. tariffs would fuel inflation and harm jobs while urging the EU to remove internal trade barriers.
The European Union has a "robust plan" to respond to tariffs imposed and due to be imposed by U.S. President Donald Trump, although it would prefer to reach a negotiated settlement, European Commission President Ursula von der Leyen stated on Tuesday.
The Trump administration introduced tariffs on imported steel and aluminium in March, with higher duties on cars set to come into force on Thursday. Additionally, Trump is expected to outline plans for "reciprocal tariffs" on Wednesday.
Von der Leyen acknowledged U.S. concerns that global trade rules had been exploited by certain countries, noting that the EU had also faced similar challenges. She further recognised the U.S. ambition to re-industrialise, a goal shared by the EU.
However, she argued that U.S. tariffs effectively serve as taxes on its own consumers, exacerbating inflation and increasing costs for American manufacturers reliant on imported components, ultimately leading to job losses.
"Our aim is a negotiated resolution. However, if necessary, we will safeguard our interests, our citizens, and our businesses," von der Leyen said in an address to the European Parliament in Strasbourg.
"We do not seek retaliation, but if required, we have a robust response plan, and we will implement it."
Von der Leyen also stressed the need for the EU to diversify its trade and eliminate internal barriers that hinder cross-border commerce within its single market.
She cited the International Monetary Fund's assessment that Europe’s internal market barriers equate to a 45% tariff on manufacturing and 110% on services.
Addressing EU lawmakers, she stated that the Commission would present proposals next month aimed at dismantling some of these barriers and preventing the emergence of new ones.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Crime gangs across Europe are increasingly stealing gold and jewels from cash-strapped museums such as the Louvre, but while police often catch the thieves, recovering the priceless items remains a challenge.
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U.S. President Donald Trump's hopes for a quick summit in Budapest with Russian President Vladimir Putin may be stalled after a preparatory session between the leaders' top foreign-policy aides this week was put on hold, CNN said on Monday.
U.S. President Donald Trump said on Sunday night he would raise tariffs on Colombia and stop all payments to the South American nation, escalating a feud that stems from the U.S. military's strikes on vessels allegedly transporting drugs in the region.
Colombia said on Monday it has recalled its ambassador from Washington after U.S. President Donald Trump said he would raise tariffs on the South American nation and stop all payments to it, intensifying a feud stemming from U.S. military strikes on vessels allegedly transporting drugs.
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