North Macedonia moves to remove tariffs on U.S. goods in bid for reciprocity
North Macedonia said it will eliminate import taxes on U.S. goods and hopes Washington will respond in kind.
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397 reports.
United Nations orders agencies to prepare for 20% staff cuts amid funding shortfall
More than 60 UN offices and agencies have been asked to propose 20% staff cuts as the organization confronts a major funding shortfall.
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Bulgarian nationalists protest euro adoption as Brussels approval nears
Thousands marched in Sofia and other cities demanding a referendum and warning that the common currency would undermine the lev.
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AfDB chooses Mauritanian economist Sidi Ould Tah to lead bank through funding squeeze
Tah won after three rounds with 76.18% of the vote as the lender faces pressure from U.S. cuts and wider economic headwinds across Africa.
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Trump doubles steel and aluminum tariffs to 50% as U.S. Steel deal remains unfinished
The president said the higher levies would start Wednesday, even as he described a still-unclear Nippon Steel investment in U.S. Steel.
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South Korea cuts rates again and lowers its growth outlook as tariffs bite
The Bank of Korea lowered its benchmark rate to 2.5% and cut its 2025 growth forecast to 0.8%, saying weak demand and trade friction are still weighing on the economy.
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Trump delays 50% EU tariffs until July 9 after call with von der Leyen
The U.S. president said he would give the European Union an extension after what he described as a very nice call with the European Commission president.
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Trump threatens 50% tariff on EU imports, rattling European markets
The U.S. president’s new threat sent shares lower across Europe and renewed fears that trade tensions with Washington are set to deepen.
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Moody's cuts U.S. credit rating to Aa1
Moody's Ratings has downgraded the United States from Aaa to Aa1, citing debt, deficits and rising interest costs.
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Microsoft Inc. abruptly lays off 6,000 people, 3% of its global workforce, citing workforce productivity
A sourced account of the development recorded on 2025-05-13, based on evidence from AP.
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Disney picks Abu Dhabi for its first Middle East theme park
Walt Disney says its seventh theme park will open on Yas Island in partnership with Miral, marking the company’s first move into the Middle East.
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Trump floats 100% tariffs on foreign-made films as allies brace for fallout
Donald Trump says he will move to impose a 100% tariff on movies produced abroad, but the White House has not yet explained how the policy would work.
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Warren Buffett says he will step down as Berkshire CEO at year end
Buffett told Berkshire Hathaway shareholders that he would leave the CEO role at the end of the year, with Greg Abel set to succeed him.
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End of de minimis exemption forces Temu shift as low-cost import model comes under pressure
A change to U.S. tariff treatment for low-value direct-to-consumer imports reshaped how platforms including Temu and Shein approached American shoppers.
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US and Ukraine sign mineral deal after months of tense bargaining
Washington and Kyiv have agreed a new investment fund tied to Ukraine’s future mineral and energy revenues, with both sides presenting it as part of a wider security and reconstruction effort.
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Nigeria completes repayment of $3.4 billion IMF pandemic support
The IMF’s representative in Nigeria said the country had repaid the emergency financing it received in 2020, while separate annual charges of about $30 million were still expected.
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Spain’s blackout aftermath leaves at least five dead
Spanish media reported five deaths linked to the blackout that hit the Iberian Peninsula the previous day.
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Iberian power failure halted transport as operators rebuilt the grid
A sudden system collapse cut electricity across mainland Spain and neighboring territories, prompting emergency measures and a gradual restoration effort.
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Saudi Arabia and Qatar Agree to Pay Syria's World Bank Debt
Saudi Arabia and Qatar said they will cover Syria's nearly $15 million World Bank debt, a move that could reopen the bank's support for the country.
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Germany cuts 2025 growth forecast to zero as Trump tariffs deepen a three-year slump
Outgoing Economy Minister Robert Habeck says U.S. trade policy is the main drag on Europe's largest economy, while the Bundesbank warns even stagnation may be optimistic.
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ARK Invest buys into Solana through a Canadian ETF as U.S. spot approval remains absent
ARK Invest has become the first U.S.-listed asset manager to gain ETF exposure to Solana by buying shares of a Canadian fund, highlighting how investors are working around the lack of a U.S. spot Solana product.
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British Steel bill becomes law as UK moves to take control of Scunthorpe plant
Royal assent gives ministers power to direct the company’s board and staff after Parliament rushed through an emergency act.
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Trump exempts smartphones and computers from new tariffs, but China levy remains
The White House backed off the full tariff hit for key electronics, while saying companies still need to move production home.
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China says it will not answer every new US tariff with another tariff
Beijing signalled it would stop matching each fresh American tariff increase, saying existing duties have already priced US goods out of the Chinese market.
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