India’s industrial output fell to a six-month low in February, raising concerns over economic momentum. Contraction in manufacturing and electricity sectors has contributed to the decline, signaling potential challenges ahead for growth prospects.
Browsing: Reuters
The UK government is set to take emergency control of British Steel amid escalating financial challenges, potentially paving the way for nationalisation. This move aims to safeguard jobs and stabilize the struggling steel industry, sources indicate.
Germany’s Friedrich Merz is poised for election as chancellor on May 6, according to sources. His leadership marks a significant shift in the political landscape, as he aims to unify the party and address pressing national issues amid ongoing challenges.
Japan’s Nikkei index fell significantly as escalating trade war concerns and a strengthening yen dampened investor sentiment. Market analysts highlight the negative impact of ongoing U.S.-China tensions on Japanese exports and economic stability.
The UK jobs market has witnessed its most significant surge in job seekers since 2020, signaling renewed confidence amid economic recovery. Analysts attribute this rise to easing pandemic restrictions and increased hiring across various sectors.
Tesla has halted new orders for two imported, US-made models in China, as reported by Reuters. This move reflects ongoing challenges in the Chinese market, where competition and regulatory pressures continue to intensify for the electric vehicle manufacturer.
Japan faces a potential loss of $17 billion in car exports if the United States implements proposed tariffs, according to the UN trade agency. This move could significantly impact Japan’s automobile industry, which is a vital part of its economy.
The UK government has confirmed it will not alter its proposed online safety law during ongoing trade negotiations with the United States. Officials emphasize the importance of maintaining robust online protections despite external pressures.
India’s GreenLine Mobility announced a significant investment of $275 million aimed at decarbonizing its heavy truck fleet. This initiative underscores the country’s commitment to sustainability and reducing carbon emissions in the transportation sector.
Brazil is set to initiate preliminary discussions in preparation for the COP30 climate summit, aiming to align strategies for combating climate change. These talks will lay the groundwork for the country’s commitments as host of the pivotal event.
Central bank deputies from China, Japan, and South Korea convened to discuss the implications of U.S. tariffs on their economies. The meeting, reported by Reuters, highlights growing concerns over trade tensions and their potential impact on regional stability.
Garbage accumulation in Birmingham, Britain’s second-largest city, has triggered serious health warnings. Officials are urging residents to avoid areas with large waste piles as the situation poses risks to public health and safety.
The Chinese Embassy in India has urged both nations to unite against U.S. tariffs, emphasizing the need for collaboration in facing economic challenges. This call for solidarity comes amidst escalating trade tensions between the U.S. and China.
US envoy Jim Witkoff met with President Vladimir Putin amid tensions over Ukraine, as former President Trump urged Russia to “get moving” on resolving the conflict. The meetings underscore ongoing geopolitical complexities as international diplomacy continues.
In a significant shift in German politics, the far-right Alternative for Germany (AfD) has topped the polls for the first time, posing a challenge to Chancellor-in-waiting Friedrich Merz. This development signals rising support for nationalist sentiments amid national debates.
In response to escalating trade tensions, China’s leading retail giants have committed to supporting local exporters in shifting their focus to domestic markets. This initiative aims to bolster the economy and mitigate the impact of ongoing trade disputes.
Japan’s Prime Minister Shigeru Ishiba urged U.S. President Donald Trump to reconsider his tariff policies during their recent discussions. Ishiba emphasized the need for a collaborative approach, highlighting concerns over potential trade tensions between the two nations.
Germany’s opposition leader, Friedrich Merz, has unveiled a coalition deal aimed at stimulating economic growth and addressing migration challenges. The agreement seeks to unite various factions in a bid to bolster Germany’s stability and prosperity.
Air France is slashing economy fares on transatlantic routes to stimulate travel demand, according to CEO reports. The move aims to attract more passengers ahead of a busy travel season, reflecting a shift in strategy to enhance competitiveness.
UK Finance Minister Jeremy Hunt is set to advocate for enhanced defense spending cooperation at an upcoming EU meeting, emphasizing the need for collective security amid global uncertainties. His remarks aim to foster unity in defense initiatives across Europe.