UN Secretary-General Antonio Guterres has sounded the alarm over the escalating trade tensions triggered by the Trump administration, cautioning that in a global trade war, “all will lose.” Speaking on Wednesday, Guterres emphasized the interconnected nature of the global economy and the benefits of free trade. “I think we live in a global economy. Everything…
Oil prices edged lower on Thursday after a strong rally the previous day, as fears over escalating trade tensions and their potential impact on global economic growth outweighed bullish inventory data from the United States. Brent crude futures slipped by 7 cents (0.1%) to $70.88 per barrel by 0107 GMT, while U.S. West Texas Intermediate…
Cryptocurrency exchange OKX is gearing up to enhance its institutional services across Europe after securing a Markets in Financial Instruments Directive (MiFID II) license. This milestone follows OKX’s acquisition of a Malta-licensed firm that holds the coveted MiFID II authorization, further solidifying the company’s regulatory compliance within the European market. According to the announcement, the…
Canada is set to witness a historic political transition as former central banker Mark Carney takes office as the nation’s next prime minister. The swearing-in ceremony, scheduled for Friday morning, will also see Carney’s newly appointed cabinet assume their roles, as announced by the governor general’s office on Wednesday. Carney’s rise to political prominence has…
Arsenal cruised into the Champions League quarter-finals with an emphatic 9-3 aggregate victory over PSV Eindhoven, sealing the deal with a 2-2 draw at the Emirates on Wednesday. Having already dismantled the Dutch champions 7-1 in the first leg, the Gunners approached the return fixture with confidence, knowing their place in the last eight was…
In a classic Madrid derby filled with drama, intensity, and heartbreak, Real Madrid secured their place in the Champions League quarter-finals after a nerve-wracking penalty shootout against Atletico Madrid. Despite suffering a 1-0 defeat in extra time, Los Blancos triumphed 4-2 on penalties, extending their dominance over their city rivals in European competition. Diego Simeone’s…
The trade dispute between the United States and Canada has intensified as former U.S. President Donald Trump announced a sharp increase in tariffs on Canadian steel and aluminum. The tariffs, originally set at 25%, will now be doubled to 50% in response to Ontario’s 25% surcharge on electricity exports to several U.S. states. In a…
The European Union is set to retaliate against the United States’ sweeping tariffs on steel and aluminum by imposing countermeasures worth 26 billion euros ($28 billion) on American goods. The European Commission announced on Wednesday that these tariffs will take effect next month, escalating global trade tensions. While the EU remains open to negotiations, Commission…
The United States has agreed to restore military aid and intelligence sharing with Ukraine following high-level discussions in Jeddah, Saudi Arabia. The breakthrough came after Kyiv signaled its willingness to accept a U.S.-proposed 30-day ceasefire in its ongoing conflict with Russia, according to a joint statement released by both nations on Tuesday. U.S. Secretary of…
The financial markets experienced a rollercoaster ride on Wednesday, with the euro climbing to a five-month high following Ukraine’s acceptance of a U.S.-proposed 30-day ceasefire. Meanwhile, stock markets fluctuated due to ongoing uncertainty surrounding U.S. trade policies and fears of an economic slowdown. Investor sentiment improved after the U.S. announced it would restore military aid…
