U.S. President Donald Trump threatened on Friday to impose a 100% tariff on goods from any country that implements a digital services tax targeting American companies. The warning comes just one day after European Union nations met a July 4 deadline to reduce tariffs on U.S. goods, a move intended to meet commitments under a … Read more
Indonesia is preparing to scale back President Prabowo Subianto’s flagship free meals programme, with officials weighing a budget cut of more than $2 billion and reductions in both kitchens and beneficiaries. According to two sources and an internal presentation, the National Nutrition Agency (NNA) is targeting a reduction of at least 15% to address mounting … Read more
Russia is weighing a potential ban on diesel exports and considering fuel imports to address domestic shortages caused by recent strikes on its oil infrastructure. Deputy Prime Minister Alexander Novak confirmed that the government is reviewing tax legislation and supply strategies to stabilize the market after Ukrainian drone attacks forced unplanned refinery maintenance and reduced … Read more
Why Patient Access to New Medicines is Worsening Across Europe Patient access to new medicines in Europe is deteriorating, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), which released research highlighting a 597-day average delay between drug approval and patient availability—up from 504 days in 2019. The study, conducted by Germany’s WifOR … Read more
Israel’s prime minister, defense minister, and military chief announced on June 23 that the military will continue operations in southern Lebanon to neutralize threats and maintain a security zone. Following a security discussion, the officials declared that the safety of Israeli citizens and Israel Defense Forces (IDF) personnel remains their primary, uncompromising objective. Did You … Read more
Prime Minister Keir Starmer is expected to announce his resignation or a departure timetable as early as Monday, according to The Observer. This potential exit follows Andy Burnham’s recent victory in a parliamentary by-election, an event that provides the political grounds for a formal leadership challenge within the Labour Party. Why is Keir Starmer’s leadership … Read more
China’s decision to eliminate tariffs for 53 African nations, combined with a 18% surge in annual China-Africa trade, is accelerating the use of the yuan across the continent. By bypassing the U.S. dollar in bilateral settlements, Beijing is building alternative financial infrastructure, such as the Cross-Border Interbank Payment System (CIPS), to reduce reliance on Western-dominated … Read more
President Donald Trump stated Wednesday that the United States could fare better without the U.S.-Mexico-Canada Agreement (USMCA). While the president expressed a preference against the existing trade pact, he acknowledged he may still sign a renewal. The three nations face a July 1 deadline to approve the agreement or signal an intent to exit, which … Read more
The Dow Jones Industrial Average reached a record close for the second consecutive session on Tuesday, rising 0.64% to 51,999.67, even as broader markets cooled. While the Dow hit new highs, the S&P 500 fell 0.57% and the Nasdaq Composite dropped 1.15%, dragged down by a 2.3% decline in the technology sector, according to Reuters … Read more
Iran’s clerical leadership faces intense pressure to manage competing demands from empowered hardliners and an impoverished public as they prepare to sign a peace memorandum with the United States this Friday. While the deal may provide financial relief, authorities must navigate demands for military rearmament against a desperate need for economic reconstruction. Why is the … Read more