Trump signs order ending US sanctions on Syria, Damascus welcomes move
U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed....
German Economy Minister Robert Habeck has strongly condemned the newly announced US tariffs, warning that they could trigger an economic downturn, lead to a global recession, and disrupt international trade.
Habeck, a member of the Green Party, reacted to US President Donald Trump's announcement on Wednesday of sweeping tariffs against multiple countries and economic regions, including the European Union. The tariffs include a 20% surcharge on imports from the EU, while other nations face a minimum rate of 10%.
“For US consumers, this will be Inflation Day rather than Liberation Day,” Habeck stated, criticizing the move as detrimental to both European and American economies. He further warned that the tariffs could create a downward economic spiral with severe global repercussions. “The US tariff mania could trigger a downward spiral, dragging countries into recession and causing massive damage worldwide—with severe consequences for many people,” he added.
Habeck reiterated Germany's position, highlighting that the EU has consistently advocated for negotiation rather than confrontation with the US administration. “This remains the right approach,” he said. "It’s good that the European Commission continues to aim for a negotiated solution with the US. There's still some time. But if the US doesn’t want a negotiated solution, the EU will provide a balanced, clear, and determined response.”
The German minister also stressed the importance of solidarity among EU member states in addressing the tariffs, noting that “we have the largest common internal market in the world. We must use this strength.”
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
An oil tanker carrying one million barrels of crude oil exploded near the Libyan coast, Bloomberg reported on 30 June.
U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed.
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