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.
Three people were killed and 29 others injured, including six children, in a Russian overnight air strike on Kyiv that destroyed two high-rise apartme...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 26 October, covering the latest developments you need to know....
Malawi’s President Arthur Peter Mutharika has declared a state of emergency in 11 districts following severe drought conditions that have left milli...
U.S. Secretary of State Marco Rubio said on Saturday that Washington’s sanctions against Colombian President Gustavo Petro were not intended to harm...
The Trump administration has prepared a new round of sanctions targeting key sectors of Russia’s economy if President Vladimir Putin continues to de...
Three people were killed and 29 others injured, including six children, in a Russian overnight air strike on Kyiv that destroyed two high-rise apartment blocks, Ukrainian officials said on Sunday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 26 October, covering the latest developments you need to know.
Malawi’s President Arthur Peter Mutharika has declared a state of emergency in 11 districts following severe drought conditions that have left millions at risk of hunger.
U.S. Secretary of State Marco Rubio said on Saturday that Washington’s sanctions against Colombian President Gustavo Petro were not intended to harm the country’s citizens or its economy.
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.
Three people were killed and 29 others injured, including six children, in a Russian overnight air strike on Kyiv that destroyed two high-rise apartment blocks, Ukrainian officials said on Sunday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 26 October, covering the latest developments you need to know.
Malawi’s President Arthur Peter Mutharika has declared a state of emergency in 11 districts following severe drought conditions that have left millions at risk of hunger.
U.S. Secretary of State Marco Rubio said on Saturday that Washington’s sanctions against Colombian President Gustavo Petro were not intended to harm the country’s citizens or its economy.
The Trump administration has prepared a new round of sanctions targeting key sectors of Russia’s economy if President Vladimir Putin continues to delay efforts to end Moscow’s war in Ukraine, according to U.S. and diplomatic sources familiar with the matter.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment