Author: staff
The EU is ready to put pressure on the US by threatening to tariff its services, where it has a trade surplus with the EU, if negotiations in the ongoing trade war break down, European Commission President Ursula von der Leyen has said.US big tech is also in von der Leyen’s sights, she told the Financial Times in an interview, signalling readiness to introduce a tax on digital advertising revenues that would hit tech groups such as Meta, Google and Facebook. The EU will use the anti-coercion tool if necessary, she says, explaining that there were “a wide range of…
“I do not presume to understand current politics, but what I do know is the concerns of the U.S. administration discussed by Vice President Vance on Friday are not reflective of Pituffik Space Base,” Meyers wrote in the email. “I commit that, for as long as I am lucky enough to lead this base, all of our flags will fly proudly — together,” the message added. Late Thursday in the U.S., the Pentagon’s chief spokesperson Sean Parnell announced that Meyers had been removed from her post, explaining that “actions to undermine the chain of command or to subvert President Trump’s…
A Russian-American ex-ballerina freed by Moscow arrived back in the US late Thursday as part of a prisoner swap completed as the two countries continue to repair ties.She was released earlier in the day in exchange for a Russian-German national, Arthur Petrov, who’d been jailed in the US on electronics smuggling charges.Karelina was arrested in the Russian city of Yekaterinburg last February and convicted of treason on charges stemming from a donation of about €47 to a charity aiding Ukraine. “They released the young ballerina and she is now out, and that was good. So we appreciate that,” US President…
The 2025 edition of Record Store Day comes a little earlier this year, as 20 April is overtaken by Easter. So, RSD has been bumped up to this Saturday (12 April). Regardless, it’s still the same annual celebration of independent record stores who come together to curate events and boast exclusive releases to treat music fans the world over. The hundred of titles pressed exclusively for RSD 2025 is as rich and varied as ever, with the reissuing of classics, one-off releases of rarities, and exclusive live performances pressed on vinyl for the very first time. We’ve combed through this year’s list of releases,…
EU dilemma Sánchez’s trip highlights divisions within the EU over how to react to U.S. President Donald Trump’s aggressive tariff regime. Some of the bloc’s leaders advocate pivoting away from the U.S. and forging closer ties with different global partners, but others argue the bloc is better off sticking closely to Washington. Italian Prime Minister Giorgia Meloni, who insists Europe must retain a “pragmatic, constructive and open approach” to the White House, is scheduled to travel to the Oval Office next week to prove her worth as a potential “Trump whisperer.” Spain’s prime minister said he had spoken to European…
Updated: 11/04/2025 – 11:46 GMT+2A sightseeing helicopter crashed into New York’s Hudson River on Thursday, killing all six people on board, including three children. … More The flight, departed from a Manhattan heliport, lasted less than 18 minutes before breaking apart midair and plunging into the water.Videos on social media showed debris splashing down and the overturned aircraft surrounded by rescue boats. The wreckage was lifted from the river by crane later that evening.An investigation into the crash is now underway.The recent rise in deadly aviation incidents in the US has intensified calls for tighter regulation and oversight.
China on Friday escalated tariffs on imports from the United States to 125 percent, in response to U.S. President Donald Trump’s punishing regime against Chinese goods. Beijing’s finance ministry said that the U.S. was threatening to become a laughing stock as it jacked up tariffs on Chinese goods higher and higher to 145 percent earlier this week. “Even if the US continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the finance ministry said. “At the current tariff level, there is no market acceptance for U.S.…
As the EU weighs its response to US tariffs and hopes to start negotiations with the US, a rift has emerged over the last weeks within the bloc over the intensity and scope of potential retaliatory measures. While hawks are calling for a firm and united front, the doves urge caution, warning against escalation and economic fallout. Hawks ready to deploy EU’s nuclear trade defence weaponsFor the hawks, it’s all about showing muscle in the face of the Trump administration, to ensure that they are in a position of strength in the negotiations to lift US tariffs – currently 25% on…
European markets opened slightly higher on Friday morning as stocks attempted to claw back some gains at the end of a very volatile week rocked by changing tariff announcements. The UK’s FTSE 100 index was 0.5% higher at around 9:45 CEST, whereas Germany’s DAX index was up 0.6%. France’s CAC 40 index advanced 0.8% too, with the STOXX 600 index rising 0.4%. British American Tobacco, HSBC and Barclays saw gains early Friday, while Getinge B and Zurich Insurance Group were some of the top losers. However, market anxieties remained, despite US president Donald Trump’s recent announcement of a 90-day pause in so-called ‘reciprocal’…
The U.K. economy posted its best growth in 18 months in March, new data indicated on Friday, bringing some relief to Chancellor Rachel Reeves at the end of a torrid week. Preliminary data from the Office for National Statistics showed gross domestic product grew 0.5 percent from January, helped by strong contributions from industry and construction. The ONS’s monthly GDP series is notoriously volatile, and the quality of its economic data in general has come under increasing scrutiny in recent months, but analysts said the figures still provided some basis for optimism. A less volatile measure that tracks GDP over…