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.
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplo...
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meetin...
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with th...
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
The 81st UN General Assembly continues in New York on Wednesday, with another day of high-level speeches and diplomatic meetings. The wars in the Middle East and Ukraine, global security and international cooperation remain at the centre of discussions.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
The 81st UN General Assembly returns for its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplomatic meetings. Restoring trust, managing global transformation, peace and security, and international cooperation remain at the centre of discussions.
Australia says an OpenAI AI agent gained unauthorised access to a government Medicare statistics portal in June, in what officials say could be an unprecedented case of an AI system breaching a government network.
Pakistan says it carried out air strikes on 10 locations in Afghanistan on Thursday, targeting sites it said were used to store and launch drones, as tensions between the two neighbouring countries continued to escalate.
Here’s your AnewZ Daily Brief for 24 September 2026, with five key developments from the second day of the 81st United Nations General Assembly in New York.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment