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The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February 1. Economic experts warn that such tariffs could significantly increase consumer prices across various sectors,
Shares of H&M fell on Thursday after the Swedish fashion retailer reported lower-than-expected fourth-quarter sales, despite a slight increase in full-year operating profit. The company cited the later timing of Black Friday as a factor in the sales shortfall but
The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure fell short of economists’ expectations of a 0.1% expansion and followed a stronger-than-anticipated 0.4% growth
Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export Development Centre, Agroexport. This marks a significant increase from the 68.6 million tonnes exported in
The European Commission has announced a €60 million humanitarian aid package for the Democratic Republic of Congo (DRC) in 2025. This initiative aims to address the urgent needs of communities displaced or affected by ongoing conflict and recent epidemics, particularly
United Nations Secretary-General Antonio Guterres has voiced concern over the recent freeze on foreign aid announced by the United States, urging for exemptions to ensure essential humanitarian and development activities are not disrupted. A statement issued by Guterres’ spokesperson on
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with Dr. Subrahmanyam Jaishankar, External Affairs Minister of India, in Abu Dhabi on Tuesday to discuss bilateral ties and strategic cooperation. Sheikh
Indian Prime Minister Narendra Modi extended congratulations to U.S. President Donald Trump on his historic second term in office, emphasizing the importance of their bilateral partnership. The Prime Minister expressed his commitment to strengthening the India-U.S. relationship to foster mutual
The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as the economy continues to grapple with high inflation and borrowing costs. Despite President Donald Trump’s
Nvidia shares dropped 14% in premarket trading on Monday, leading a widespread sell-off in global technology stocks after Chinese AI startup DeepSeek revealed advancements that raised concerns about the competitive landscape in artificial intelligence. The developments are seen as a