Month: April 2025

Europe hopes for Trump tariffs deal but prepares for the worst

EUROPEAN COMMISSSION/DATI BENDO/HANDOUT European Commission President Ursula von der Leyen has already laid out initial countermeasures Europe’s leaders had been preparing for “Trump’s trade war” – but the reality of a 20% blanket US tariff still came as a shock. “This decision is a catastrophe for the economic world,” said French Prime Minister François Bayrou. … Read moreEurope hopes for Trump tariffs deal but prepares for the worst

Hungary says it will withdraw from ICC as Israel’s Netanyahu visits

Hungary’s government has announced its withdrawal from the International Criminal Court (ICC), just before Prime Minister Viktor Orban received his Israeli counterpart, Benjamin Netanyahu, the subject of an ICC arrest warrant. “Hungary exits the International Criminal Court. The government will initiate the withdrawal procedure on Thursday, in accordance with the constitutional and international legal framework,” … Read moreHungary says it will withdraw from ICC as Israel’s Netanyahu visits

Trump’s reciprocal tariffs: How much will each country be hit?

President Donald Trump on Wednesday announced a range of reciprocal tariffs targeting almost all countries that the United States trades with, taking a sledgehammer to Washington’s longstanding advocacy of free trade and globalisation. Trump’s latest tariffs, which build on a series of similar steps he has taken since returning to office on January 20, are … Read moreTrump’s reciprocal tariffs: How much will each country be hit?

Greece launches ‘drastic’ rearmament programme to the tune of $27bn

Greece on Wednesday became the first European Union member to take advantage of relaxed spending rules for defence, announcing a 25bn-euro ($27bn) multi-year rearmament programme. The centrepiece of the programme was a multi-layered defence system called the Shield of Achilles, which Prime Minister Kyriakos Mitsotakis told parliament was “essentially a dome combining existing air defences … Read moreGreece launches ‘drastic’ rearmament programme to the tune of $27bn

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