Spain has stepped forward with a bold €14.1 billion relief package to shield its economy from the ripple effects of new U.S. tariffs, as Economy Minister Carlos Cuerpo warns of potential hits to the country’s GDP amid growing global trade tensions.
The series of tariffs announced by U.S. President Donald Trump on Wednesday could have a negative effect on Spain's gross domestic product, potentially reducing it by several tenths of a percentage point, Economy Minister Carlos Cuerpo warned on Friday.
While Spain’s direct economic exposure to the United States is relatively limited compared to other European Union nations, Cuerpo emphasized that a global slowdown in trade could indirectly impact the Spanish economy.
In response to the potential fallout, Spain on Thursday unveiled a substantial financial support package valued at €14.1 billion ($15.55 billion), comprising loans and direct aid. This initiative positions Spain as one of the few major economies to present a concrete and proactive solution to mitigate the repercussions of the newly imposed U.S. tariffs.
U.S. Vice Admiral Shoshana Chatfield has been removed from her NATO role, sources told Reuters. She served as the U.S. military representative to the NATO Military Committee and was one of the few female three-star admirals in the Navy.
Doctors Without Borders (MSF) reported on Monday that six children in the Samos migrant camp in Greece are suffering from acute malnutrition, spotlighting worsening humanitarian conditions in the EU-funded facility.
Bangladesh’s interim head, Muhammad Yunus, has written to U.S. President Donald Trump requesting a three-month delay on a 37% tariff on imports, emphasizing efforts to boost imports from the U.S.
European Union trade ministers voiced strong support on Monday for launching negotiations with Washington to defuse escalating trade tensions, while also preparing targeted countermeasures against U.S. tariffs.
Arsenal manager Mikel Arteta says his side must believe they can make history as they prepare to face Real Madrid in the Champions League quarter-final at the Emirates on Tuesday.
A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.
U.S. Vice Admiral Shoshana Chatfield has been removed from her NATO role, sources told Reuters. She served as the U.S. military representative to the NATO Military Committee and was one of the few female three-star admirals in the Navy.
Doctors Without Borders (MSF) reported on Monday that six children in the Samos migrant camp in Greece are suffering from acute malnutrition, spotlighting worsening humanitarian conditions in the EU-funded facility.
Afghanistan and Turkmenistan officials visited the TAPI pipeline site in Herat, reaffirming commitment to the key regional energy project. The pipeline will deliver Turkmen gas to India via Afghanistan and Pakistan, with efforts now focused on accelerating construction.
PACE's Spring session opens in Strasbourg with Georgia’s delegation under scrutiny. A key decision on April 10 may determine whether Georgia retains full representation—or joins Azerbaijan with restricted rights in the Assembly.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.
U.S. Vice Admiral Shoshana Chatfield has been removed from her NATO role, sources told Reuters. She served as the U.S. military representative to the NATO Military Committee and was one of the few female three-star admirals in the Navy.
Doctors Without Borders (MSF) reported on Monday that six children in the Samos migrant camp in Greece are suffering from acute malnutrition, spotlighting worsening humanitarian conditions in the EU-funded facility.
Bangladesh’s interim head, Muhammad Yunus, has written to U.S. President Donald Trump requesting a three-month delay on a 37% tariff on imports, emphasizing efforts to boost imports from the U.S.
European Union trade ministers voiced strong support on Monday for launching negotiations with Washington to defuse escalating trade tensions, while also preparing targeted countermeasures against U.S. tariffs.
A global trade war, sparked by U.S. President Donald Trump, intensified earlier this month after he announced sweeping tariffs on most U.S. imports, stoking fears of a recession, sending jitters across global financial markets and drawing condemnation from leaders around the world.
U.S. Vice Admiral Shoshana Chatfield has been removed from her NATO role, sources told Reuters. She served as the U.S. military representative to the NATO Military Committee and was one of the few female three-star admirals in the Navy.
Doctors Without Borders (MSF) reported on Monday that six children in the Samos migrant camp in Greece are suffering from acute malnutrition, spotlighting worsening humanitarian conditions in the EU-funded facility.
Afghanistan and Turkmenistan officials visited the TAPI pipeline site in Herat, reaffirming commitment to the key regional energy project. The pipeline will deliver Turkmen gas to India via Afghanistan and Pakistan, with efforts now focused on accelerating construction.
PACE's Spring session opens in Strasbourg with Georgia’s delegation under scrutiny. A key decision on April 10 may determine whether Georgia retains full representation—or joins Azerbaijan with restricted rights in the Assembly.
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