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European Union leaders have pledged to increase defense spending and strengthen the continent’s defense industry in an effort to enhance security and reduce reliance on external powers. The commitment was made during an informal retreat at the Palais d’Egmont in
U.S. President Donald Trump has signaled impending trade tariffs on the European Union and the United Kingdom while hinting that a trade deal with Britain remains a possibility. His remarks, made during an interview with the media on Sunday, underscored
China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President Donald Trump. The new Chinese tariffs, set to take effect on February 10, include a
The European Union’s Artificial Intelligence Act (AI Act) officially came into force on Sunday, introducing a comprehensive regulatory framework to govern AI applications across its member states. The legislation, considered the world’s first major AI law, aims to balance technological
The South Korean won fell sharply against the US dollar on Monday, reaching its lowest point of the year amid growing concerns over the economic impact of new tariffs announced by US President Donald Trump. The decline reflects increased uncertainty
The World Health Organization (WHO) and its partners have intensified support to Uganda in response to a recent outbreak of Sudan virus disease (SVD), a member of the Ebola virus family. This includes facilitating access to a candidate vaccine and
The Kremlin has dismissed a renewed warning from U.S. President Donald Trump about imposing tariffs on BRICS nations if they move to establish a common currency. Dmitry Peskov, spokesperson for the Kremlin, clarified that BRICS has no such plan and
Bitcoin surged past $105,000 following the Federal Reserve’s decision to maintain current interest rates, with Fed Chair Jerome Powell affirming that U.S. banks can serve cryptocurrency clients, provided they effectively manage associated risks. On Thursday, Bitcoin climbed 3%, trading just
Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an “inevitable collapse.” In an investor letter first reported by the leading media houses, the
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in November. Core inflation, which excludes volatile food and energy prices, remained steady at 2.8% for
