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ECONOMY
Trump Announces 25 Percent Tariff on Imported Cars
US President Donald Trump signed a decree that foresees a 25 percent tariff on imported cars in order to increase domestic production at a signing ceremony at the White House.
Reiterating his claim that other countries have benefited…
Canada Imposes 25 Percent Tariff on US Goods Worth $29.8 CAD
Canadian ministers announced at a joint press conference regarding retaliation against the US yesterday that an additional 25 percent tariff will be imposed on various products worth 29.8 billion Canadian dollars imported from the US as of…
Public Transportation Workers’ 48-Hour Strike Continues in Germany
The strike in the public transport sector, which began at 03:00 local time on Thursday night in Berlin, Germany, following a call by the Ver.di labor union, is continuing.
Transportation workers in the 6 German states, Baden-Württemberg,…
Mercedes-Benz’s Net Profit Decreased by 28 Percent in 2024
German automotive giant Mercedes-Benz announced that its net profit for 2024 fell by 28 percent compared to the previous year, falling to 10.4 billion euros due to decreased demand in the Chinese market.
The German company stated that it…
Syrian Pound Strengthens After Regime Collapse
The Syrian Pound has gained value against the US dollar following the fall of the Assad regime, easing economic conditions in the country. With the foreign exchange ban lifted, money changers in Damascus are openly trading dollars…
China Hits Back with Tariffs and Google Probe
China announced retaliatory tariffs on U.S. imports and launched an antitrust investigation into Google following Washington’s decision to impose additional duties on Chinese goods.
Starting February 10, Beijing will…
Trudeau Retaliates to Trump’s Customs Duty Decision Against Canada
Hours after US President Donald Trump signed the decree that would impose additional customs duties on imports from Canada, Mexico and China, Canadian Prime Minister Justin Trudeau announced at a press conference in Ottawa that customs duty…
Croatians Refuse to Shop to Boycott Increasing Prices
Citizens in Croatia, the country with the highest inflation in the euro zone, boycotted stores, market chains and gas stations by not shopping all day yesterday due to extreme price increases.
The boycott, which was initiated on social…
Syria Lifts Ban on Second-Hand Goods After Baath Regime Overthrow
Following the fall of Syria's 61-year Baath regime, the ban on selling second-hand goods, enforced during Hafez al-Assad's rule, has been lifted. Street vendors and citizens have begun trading on Damascus's bustling streets, a…
Acemoğlu, Johnson, and Robinson Win Nobel Prize in Economics
The Nobel Prize in Economics was awarded to Turkish-American citizen Daron Acemoğlu, Simon Johnson, and James A. Robinson for their groundbreaking research on the formation of institutions and their impact on societal…