Azerbaijan says Russia must act to ease tensions
Azerbaijan-Russia tensions are caused entirely by Moscow’s actions, and it is Russia that must take steps to restore normal relations, said Farid Sh...
The US trade deficit reached a record $140.5 billion (€123.6 billion) in March, driven by a surge in imports, particularly pharmaceuticals, as businesses stockpiled to offset potential tariff impacts.
According to data from the US Department of Commerce, exports of goods and services totaled $278.5 billion (€244.9 billion), while imports climbed to $419 billion (€368.5 billion). A significant portion of this increase was due to pharmaceutical imports, which rose by $20.9 billion (€18.4 billion), as companies moved to secure supplies ahead of anticipated trade measures.
Economists suggest the import surge is largely sector-specific, with pharmaceuticals accounting for most of the growth. Other sectors, such as retail, showed less activity, possibly due to existing tariffs or uncertainty about future trade policies. Meanwhile, imports of capital goods and automobiles rose, while industrial materials, including steel and crude oil, declined amid existing levies.
The spike in imports coincided with heightened trade tensions as new tariff measures were announced. While the White House argues these tariffs will reduce trade deficits and bolster domestic manufacturing, experts caution they may lead to higher costs for businesses and consumers.
The increased imports contributed to a decline in the US economy's growth rate, with the first quarter seeing a 0.3% contraction in GDP. Analysts expect the import surge to stabilize in the coming months, alleviating some pressure on economic growth.
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.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9 September, covering the latest developments you need to know.
A New Zealand fugitive father shot dead by police put his children at risk with his actions and had "no regard" for their safety, authorities said on Tuesday, as police found quad bikes and ammunition at their campsite hideout.
The Global Sumud Flotilla (GSF) for Gaza said on Tuesday that one of its main boats was struck by a drone at a port in Tunisia, though all six passengers and crew were safe.
Thailand's Supreme Court on Tuesday ruled former prime minister Thaksin Shinawatra must serve one year in jail because his detention in a VIP wing of a hospital in lieu of prison was unlawful, in another major blow for a powerful family that has dominated politics for two decades.
Israel's military on Tuesday ordered residents to evacuate from Gaza City ahead of a new offensive to seize the Strip's largest urban centre, part of a planned takeover stirring international alarm over the fate of the entire territory.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment