Author: Euronews

ADVERTISEMENTChina will raise tariffs on all US goods to 125%, up from 84%, effective Saturday.The new tariff now matches the so-called ‘reciprocal’ levy the US imposes on Chinese imports, although Beijing said it won’t go any higher.If we count tariffs the US previously imposed on China, the current rate on imported goods is 145%.”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,” said the Finance Ministry in a statement.”At the current tariff level, there is no market acceptance for US goods exported…

ADVERTISEMENTThe special tribunal that Western nations intend to establish to prosecute the crime of aggression against Ukraine will not try Vladimir Putin in absentia as long as he remains president of the Russian Federation.The same provision will apply to the Russian prime minister, Mikhail Mishustin, and the Russian foreign minister, Sergey Lavrov, according to two European officials with knowledge of the process who spoke with Euronews.The prosecution of these high-level officials will be allowed only if the defendants are physically present in the room – unlikely given Russia does not recognise the invasion of Ukraine as criminal and is firmly…

ADVERTISEMENTBulls, bears and dead cats are lurking in the background of President Donald Trump’s trade war. As the effects of the administration’s latest tariffs unfold, news consumers may confront unfamiliar terms related to investments or financial markets. Here is a guide to some of the most common words.Bear marketA bear market is a term used by Wall Street when an index such as the S&P 500 or the Dow Jones Industrial Average has fallen 20% or more from a recent high for a sustained period of time.Why use a bear to refer to a market slump? Bears hibernate, so they…

ADVERTISEMENTThe Netherlands, Portugal and the United Kingdom are the leading destinations in Europe for “workations”, according to a new study from Notta.ai. “Workations” are a combination of work and vacation that have gained popularity as many professionals find remote work effective and prefer fully remote arrangements.The research used data from Wifimap.io, Coworker.com, World Population Review and Numbeo to analyse key metrics, including Wi-Fi availability, coworking spaces, internet speeds, rental costs and the cost of food. Portugal stands out for having the highest density of free Wi-Fi hotspots, with 1,935 hotspots available over approximately 259 million square metres. However, it is…

ADVERTISEMENTA number of sweeping new taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.With so many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand. Here’s a rundown of what you need to know.What tariffs took effect on Wednesday?Trump announced his latest — and most sweeping — round of tariffs on April 2, which he dubbed “Liberation Day,” as part of his “reciprocal” trade plan. In a…

Two Chinese nationals were caught fighting on Moscow’s side amid its full-scale invasion of Ukraine, according to the Ukrainian president.

ADVERTISEMENTMany Swiss, from the government to chocolatiers to watchmakers and other businesses, are sensing “shock” over the tougher American position on trade, but many are also taking a wait-and-see stance.At the Festichoc chocolate festival in Geneva over the weekend, the Trump administration tariffs announced last week were on many minds, though they seemed to do little to sour the mood on Switzerland’s most famous sweets.Julie Jammes, marketing manager for Canonica, a Geneva chocolatier with three stores in San Francisco, said her company hasn’t yet made any decision on what actions might be taken. “We’re waiting a little longer, but it’s…

Canada is prepared to retaliate and lead the charge against the United States in an emerging trade war and wants Europe and the rest of the world on board, Foreign Minister Mélanie Joly tells Euronews in an exclusive interview.

ADVERTISEMENTEuropean markets opened in the red on Monday morning as US President Donald Trump reiterated his commitment to eliminating US trade deficits—particularly with China—while denying any intention to fuel market turmoil.As of 10:39 CET, France’s CAC 40 was down 5.11% at 6,904.64 points, Germany’s DAX was down 5.63% at 19,486.93 points, while the FTSE 100 fell 4.74% to 7,668.92 points.”The bloodbath is in full swing, and that’s exactly what you see when you look at the European markets. There is no safe haven; equity markets have entered a complete free-fall with no clear bottom in sight. The reason we say…

ADVERTISEMENTPope Francis made a surprise appearance in St. Peter’s Square on Sunday morning during a special Jubilee Mass for the sick and health care workers.The pontiff, who was rolled into the square on a wheelchair, was making his first public appearance at the Vatican since being released from hospital two weeks earlier.As he made his way to the altar at the square, he waved at the crowd. “Good Sunday to everyone,” said the pope. “Thank you from the bottom of my heart.”The pope’s voice sounded louder and stronger than when he spoke outside Gemelli hospital on 23 March, the day…