A U.S. trade court has ruled against most of President Trump's broad tariff plans, saying he went beyond his legal powers. This brought some relief to financial markets, especially for industries like tech, luxury goods, and auto makers that had been hurt by the tariffs.
Global reactions were cautious. Germany and the EU said they couldn't comment due to the ongoing legal process, while the UK called it an internal U.S. matter. The Trump administration plans to appeal the decision, so uncertainty remains.
The ruling affects Trump's blanket tariffs imposed under emergency powers, but not specific ones like those on steel and cars. Investors are watching closely to see how Trump will respond and whether he'll try other ways to impose trade barriers.
For now, the decision gives businesses and trade partners a break and time to prepare. But experts warn this may only be a temporary pause in Trump's unpredictable trade policies.
Markets were mixed: some stocks gained, especially in Europe, but investors remain wary of more volatility ahead.
Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the wa...
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing,...
Denmark has expanded its military conscription to include women, aiming to recruit more soldiers and strengthen defence amid growing security concerns...
The International Atomic Energy Agency (IAEA) said it has been informed of a potential drone attack near Ukraine’s Zaporizhzhya Nuclear Power Plant,...
U.S. President Donald Trump has said he is not confident about reaching a trade agreement with Japan, warning that talks are unlikely to succeed befor...
Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the war.
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing, the Ministry of Petroleum and Mineral Resources confirmed late Tuesday.
Denmark has expanded its military conscription to include women, aiming to recruit more soldiers and strengthen defence amid growing security concerns in Europe.
The International Atomic Energy Agency (IAEA) said it has been informed of a potential drone attack near Ukraine’s Zaporizhzhya Nuclear Power Plant, raising fresh concerns over nuclear safety in a conflict zone.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
U.S. Secretary of State Marco Rubio convened his counterparts from India, Japan, and Australia on Tuesday for a high-stakes meeting of the Indo-Pacific Quad, aiming to reaffirm the group's commitment to countering China’s influence in the region.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the war.
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing, the Ministry of Petroleum and Mineral Resources confirmed late Tuesday.
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