Google sets out $6.8 billion UK investment ahead of Trump's state visit
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state v...
Sweeping tariffs under U.S. President Donald Trump and countermeasures could have a "catastrophic" impact on developing countries, hitting even harder than foreign aid cuts, the director of the United Nation's trade agency said on Friday.
Global trade could shrink by 3-7% and global gross domestic product by 0.7%, with developing countries the worst affected, the International Trade Centre said.
"It is huge," Pamela Coke-Hamilton, executive director of the International Trade Centre, told Reuters. "If this escalation between China and the U.S. continues it will result in an 80% reduction in trade between the countries, and the ripple effect of that across the board can be catastrophic."
Global markets continued to face turmoil on Friday, after Trump announced a 90-day tariff pause on dozens of countries, while ratcheting up tariffs on Chinese imports, raising them effectively to 145% when levies imposed earlier this year are taken into account.
China has been raising its tariffs on the U.S. with each Trump increase, raising fears that Beijing may jack up tariffs above the current 84%.
"Tariffs could have a much more harmful impact than the removal of foreign aid," Coke-Hamilton said, warning that developing economies risk sliding back on the economic gains they made in recent years.
The International Trade Centre's projections are based on data it gathered that do not reflect the 90-day pause or levy hike on China to 125% and its subsequent 84% hike on U.S. goods.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
U.S President Donald Trump said on Monday he would file a $15-billion lawsuit for defamation and libel against the New York Times, days after the newspaper released articles on his ties to disgraced financier Jeffrey Epstein.
A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook in the latest step in a legal battle that threatens the Fed's longstanding independence. It's the first time a president has pursued such action since the central bank's founding in 1913.
Finland is closely watching Russia’s ongoing Zapad-2025 military exercises in Russia, Belarus, and the Baltic and Barents Seas, Finnish Defence Forces (FDF) commander Janne Jaakkola said on Monday.
European authorities have intercepted more than 2,400 shipping containers at Greece’s port of Piraeus in the European Union’s largest-ever container seizure, valued at around €250 million ($294m).
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