European Union

Gold tops $3,000 for first time on Trump tariff threats

Safe-haven gold surpassed $3,000 for the first time Friday, boosted by uncertainty over US President Donald Trump's tariffs, while stock markets gained on hopes US lawmakers will avert a government shutdown. "Markets hate uncertainty, and Trump's second tenure in the White House has served to provide huge instability over expectations for trade, ...

Trump Threatens 200% Tariff on Wine, Champagne from France, other EU countries

US President Donald Trump on Thursday threatened to impose 200-percent tariffs on wine, champagne and other alcoholic products from France and other European Union countries in retaliation against the bloc's planned levies on US-produced whiskey. "If this tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all wines, ...

Stocks advance on US inflation slowing, Ukraine ceasefire plan

Stock markets mostly rose on Wednesday on both sides of the Atlantic as investors shrugged off the latest US tariff moves to focus on cooling US inflation and a Ukraine ceasefire plan. Global markets have endured severe swings this month as US President Donald Trump looks to ramp up pressure on global partners by imposing or threatening ...

US Trading Partners Hit Back on Steel, Aluminum Tariffs

Major US trading partners announced countermeasures Wednesday to President Donald Trump's blanket steel and aluminum tariffs, hours after the levies took effect in a salvo that fueled trade tensions globally. The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in an escalation of ...

EU Calls for 'Justice' After Syria Violence

The EU has welcomed Syria's establishment of a fact-finding committee to investigate a recent wave of deadly violence, calling for perpetrators to be "brought to justice". "We strongly condemn the attacks by pro-Assad militias against security forces," the EU said in a statement released late Tuesday. "We also condemn in the strongest terms the ...

Stock Markets Slump on US, China Economic Fears

Stock markets slipped on Monday as investors fretted over the impact of President Donald Trump's trade policy on the economic growth of the United States and China, the world's biggest economies. Wall Street's three main indexes opened in the red, with the tech-heavy Nasdaq falling two percent, after Trump himself declined to rule out the risk of ...

Far-Right Candidate Excluded From Romania Presidential Vote

Romania's electoral bureau on Sunday rejected far-right hopeful Calin Georgescu's candidacy for the re-run of last year's annulled presidential election, sparking outrage among his supporters in Bucharest. Georgescu -- a past admirer of Russian President Vladimir Putin and an EU and NATO critic -- shot to prominence almost overnight to ...

Jaber: The 2026 Budget Will Guarantee Financial Regularity and Support Social Spending

Finance Minister Yassine Jaber affirmed on Friday that the 2026 budget plan would include measures aimed at ensuring financial regularity while paving the way for increased spending in social sectors. He emphasized that this budget would highlight the government’s development strategies and priority reform objectives. Among the measures planned ...

ECB Lowers Rates Again but Hints More Cuts in Doubt

The European Central Bank cut interest rates again Thursday to boost the struggling eurozone but suggested easing could be nearing an end and warned of "rising uncertainty" amid massive German spending plans and US tariff threats. It was the central bank's six reduction since June last year, with its focus having shifted from tackling inflation ...

EU Emergency Summit Seeks to Beef Up Defense to Counter Trump Pivot

European Union leaders will hold emergency talks in Brussels on Thursday, gathering as the Trump administration upends traditional alliances and retracts wartime backing of Ukraine. Thursday's summit brings all 27 EU leaders together for the first time since the explosive meeting between presidents Donald Trump and Volodymyr Zelensky last ...

Macron to Address France Over Global 'Uncertainty'

French President Emmanuel Macron said he would address the nation on Wednesday regarding the current global uncertainty following the radical shift in U.S. policy on Ukraine under Donald Trump. "My dear compatriots — I will address you tonight at 8:00 pm (1900 GMT) at this moment of great uncertainty when the world is facing its greatest ...