Author: LoveWorld UK

WALL STREET ENDS SHARPLY LOWER – Tariff risks send investors fleeing as the CBOE Market Volatility Index remained elevated Wall Street stocks tumbled on mounting worries over the economic impact of U.S. President Donald Trump’s multi-front tariff war. All three major U.S. stock indexes suffered steep losses, forfeiting much of the previous session’s gains as growing concerns over the escalating Washington-Beijing trade face-off dampened optimism over upbeat economic data and U.S.-Europe trade negotiations. After Trump announced a 90-day tariff reprieve on Wednesday, the S&P 500 surged 9.5%, the largest one-day percentage jump since October 2008. The tech-heavy Nasdaq soared 12.2%,…

VENEZUELA NATIONAL ASSEMBLY GREENLIGHTS ECONOMIC EMERGENCY DECREE – President Maduro signed the decree citing constitutional powers to declare states of emergency Venezuela’s national assembly passed a decree proposed by President Nicolas Maduro’s government declaring a state of economic emergency in response to U.S. sanctions and tariffs. In March, the administration of U.S. President Donald Trump began suspending authorizations for oil companies operating with Venezuela’s state-owned PDVSA and imposed secondary tariffs on crude oil and gas exports. Maduro signed the decree citing constitutional powers to declare states of emergency. The new regulation allows Maduro to implement measures to boost economic growth,…

EU IS READY TO DEFEND ITS ECONOMY FROM US TARIFFS- Says Commissioner Valdis Dombrovskis The European Union’s economy commissioner said today that the bloc was ready to defend its economic interests if no agreement could be reached with the United States on tariffs. With higher U.S. tariffs postponed by 90 days, EU finance ministers will brainstorm on Friday how to use that time to reach a trade deal with Washington and how to coordinate their efforts to handle higher levies if they are unsuccessful. Arriving for talks in Warsaw, EU Economy Commissioner Valdis Dombrovskis and Germany’s finance minister Joerg Kukies…

ISTANBUL MAYOR TO APPEAR IN COURT OVER CHARGES AGAINST HIM- Charges including insulting and threatening a public official Istanbul Mayor Ekrem Imamoglu will appear in court today on charges of insulting and threatening a public official. Imamoglu was accused of making threats against the prosecutor Akin Gurlek during a speech on January 20, 2025. The hearing today is expected to take place at the courthouse in Silivri prison, where he is currently being detained. This will be the first public appearance of Imamoglu after his detention, if he is allowed into the courtroom. He previously appeared in court on January…

NEVADA CONGRESSMAN BERATES US TRADE REPRESENTATIVE GREER – He called Trade policies amateur hour Many were surprised Wednesday by Donald Trump’s decision to put a 90-day pause on a majority of his sweeping tariffs on other countries (with the exception of China), but only one person was in the midst of defending those very tariffs to Congress. U.S. Trade Representative Jamieson Greer sat before the House Ways and Means Committee, where he’d been testifying for nearly four hours in defense of Trump’s “reciprocal tariff” policy, when the President announced the pause. A reflection perhaps of how this Policy has “encouraged”…

THAILAND SAYS US TARIFF PAUSE GIVES MORE TIME FOR RESPONSE- Trump’s tariffs included a 36% tax on Thai exports to the US Thai prime minister Paetongtarn Shinawatra said today that there would be more time to refine their plans before negotiating with the U.S. government, after President Donald Trump said he would temporarily lower the hefty duties he had imposed on dozens of countries. Thailand has prepared more economic stimulus focused on creating jobs, Finance Minister Pichai Chunhavajira said today, adding that the 90-day pause on U.S. tariffs announced overnight would give officials more time to prepare a response. Trump’s…

EU’S VON DER LEYEN WELCOMES PAUSE IN RECIPROCAL TARIFFS – EU wants a zero-for-zero tariff agreement between the European Union and the United States European Commission President Ursula von der Leyen welcomed US President Donald Trump’s announcement of a pause in reciprocal tariffs via a post which stated. “I welcome President Trump’s announcement to pause reciprocal tariffs. It’s an important step towards stabilising the global economy. Clear, predictable conditions are essential for trade and supply chains to function. Tariffs are taxes that only hurt businesses and consumers. That’s why I’ve consistently advocated for a zero-for-zero tariff agreement between the European…

CALL FOR URGENT NURSERY REFORMS – 20,000 serious incidents have been exposed across England over the past 5 years Nearly 20,000 serious incidents—including injuries and even child deaths—have occurred in nurseries across England over the past five years, sparking deep concern over the state of child safety in early years care settings. The alarming figures, averaging around 75 major incidents reported to Ofsted every single week, highlight a growing crisis that demands immediate attention. These events come in the wake of several tragic and high-profile deaths in nursery environments, intensifying calls for reform and accountability. In just the past year…

VIETNAM AND SPAIN PLEDGE TO BOOST ECONOMIC TIES AND DEFENCE- Pham says both countries must unite to uphold multilateralism  The leaders of Vietnam and Spain have pledged today to boost economic ties and defence cooperation. Spain’s Prime Minister Pedro Sanchez landed in Hanoi today, starting a three-day trip to Vietnam and China. Spain and Asian manufacturing powerhouse Vietnam are seeking to avert the impact of tariffs of 46% on Vietnamese goods and 25% on European Union products entering the U.S., effective from today and Sanchez is set to spend two days in Vietnam Vietnam’s Prime Minister Pham Minh Chinh said…

STRIKE IN GREECE HALTS TRANSPORTATION- Greece 2.3% economic growth has outpaced other eurozones A strike by Greek workers today has left ferries docked at ports, flights to and from the country grounded and trains at a standstill, with Greece’s largest trade unions demanding higher wages to cope with rising living costs. Greece emerged from a 2009-2018 debt crisis that saw rolling cuts in wages and pensions in turn for bailouts worth some 290 billion euros. This year, economic growth, seen at 2.3%, has outpaced other eurozone economies. The conservative government has increased the monthly minimum wage by a cumulative 35%…