Page 572 - World News

Trump tariffs wipe out $2.5 trn from US stock market amid recession fears

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation

How Donald Trump's tariffs were honed in the final hours before rollout

For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable

Myanmar earthquake: Death toll rises to 3,145 as more bodies found

Information Minister Maung Maung Ohn also announced at a meeting in the capital, Naypyitaw, that 4,589 people were injured and 221 others were missing

Elon Musk will probably leave his administration in 'a few months': Trump

Musk has spearheaded the Department of Government Efficiency, which is playing a leading role in downsizing and overhauling the federal government

Wall Street plunges as US tariffs trigger recession fears; Dow falls 3.3%

Apple leads declines among Big Tech; retail stocks slump on Asia tariff worries

Israeli strike on school in Gaza kills at least 27: Palestinian officials

Israel gave the same reason -- striking Hamas militants in a command and control centre -- for attacking a United Nations building used as a shelter on Wednesday, killing at least 17 people

US is committed to Nato, but Europe must spend more on defence: Rubio

According to NATO estimates, some of the continent's big economies, such as Italy and Spain, are among those below the current 2 per cent target, at around 1.5 per cent and 1.3 per cent respectively

Rubio arrives for Nato talks as allies await US plans on Europe drawdown

Since Defence Secy Pete Hegseth warned last month that US security priorities lie in Asia and at home, Europe awaits details on the scale and speed of a potential military drawdown

Bill Gates reflects on 50-year-old code that revolutionized technology

Although the code that Gates printed out on a teletype machine may look crude compared to what's powering today's AI platforms, it played a critical role in creating Microsoft in April 1975

Trump's tariff hike sparks global concerns over prices and trade turmoil

Trump ramped up his trade war with tariff rates from 10 per cent to nearly 50 per cent. He says the levies will bring jobs back to the United States

Prices of coffee, cocoa slide as Trump's tariffs spark demand worries

Sugar prices also fell, caught in the melee of tariffs as the US is also one of the world's top sugar importers

Trump's tariff announcement send shockwaves across global economy

The higher reciprocal rates targeting nations Trump administration labels the worst offenders are based on a government tally of the levies and non-tariff barriers those countries impose on US goods

WTO warns of major global trade impact from US tariffs announcement

The statement by Director-General of the the World Trade Organization (WTO) Ngozi Okonjo-Iweala follows US decision to impose tariffs on nearly 60 countries

Trump tariffs risk delaying big tech's AI data centre projects, spending

Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year

Operation over, patient healing: Trump defends reciprocal tariffs

Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US

Several National Security Council officials fired from White House : Report

It's not clear exactly why the officials were let go or if their firing is permanent. But two of the sources said several were told there were issues with their vetting their background

US Senators brings bill to limit Trump's tariff power, needs Cong approval

Congress would need to pass a joint resolution of approval on the new tariff within 60 days. Otherwise all new tariffs on imports would expire

France's Prez Macron calls for suspension of investment in US after tariffs

The comments come weeks after French shipping firm CMA CGM announced plans to invest $20 billion in the US to build shipping logistics and terminals

Volkswagen to introduce 'import fee' on cars hit by 25% tariffs: Report

Trump's 25 per cent auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually

US weekly unemployment claims fall to 219,000 ahead of tariffs storm

President Donald Trump on Wednesday unveiled a 10 per cent minimum tariff on most goods imported to the United States, sparking threats of retaliation and rattling global financial markets