Author: Anadolu Agency

US President Donald Trump described tariffs as “medicine” for addressing the country’s trade deficit with many countries. “I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters Sunday while flying on Air Force One from Florida to Washington, DC, saying he was not intentionally trying to engineer a market sell-off with his policies. “What’s going to happen with the market? I can’t tell you. But I can tell you our country has gotten a lot stronger, and eventually it’ll be a country like no other. It’ll be the most dominant…

US President Donald Trump’s tariffs and his continuing protectionist trade policies are shaking up global markets, stoking uncertainties, and prompting retaliation from countries worldwide. While the risk perception is high amid the uncertain environment, a deep selling pressure hit global stock markets Monday, starting in Asia and expanding to other regions. Japan’s Nikkei 225 fell 7.7% on Monday, as did South Korea’s Kospi Index (5.6%), China’s Shanghai Composite Index (7.3%), and the Hong Kong’s Hang Seng (13.2%). European stocks followed suit as the share prices of about 97% of the companies in the Stoxx 600 declined. Germany’s DAX 40 fell…

The head of the UN agency for Palestinian refugees (UNRWA) said Monday that all health centers in Gaza are under constant attacks amid a deadly Israeli onslaught on the territory. In a statement marking World Health Day, UNRWA Commissioner-General Philippe Lazzarini said that health workers are killed and injured in Gaza. “Health centres are constantly under attack. Basic medical & health supplies are running out,” he said. “Medical staff are exhausted after having tirelessly dedicated their lives to the community & the wounded. They constantly have to make tough decisions about which lives to save.” “Two million people are scarred…

Audi, the luxury car brand of automaker Volkswagen Group, has reportedly suspended vehicle deliveries to the US due to the additional automobile tariffs imposed by US President Donald Trump. According to a report by a German auto industry outlet, Audi sent a letter to its dealers informing them that all vehicles entering the US after April 2 will be held for now and will not be delivered to dealers. Dealers were asked to focus on reducing their inventories. It was stated that Audi currently has 37,000 cars in the US that are not affected by the new tariffs. Audi does…

Commodity prices ended the week mostly lower, following US President Donald Trump’s reciprocal tariffs announced on April 2, which fueled inflation and growth concerns. China’s retaliation raised investor risk perception. The US 10-year Treasury bond hit its lowest level since October at 3.9150%. Fed Chair Jerome Powell said: “Higher tariffs would give rise to inflation in the coming quarters,” confirming market concerns. Beijing imposed 34% tariffs in response to Trump’s actions and introduced restrictions on rare earth elements effective April 4, while adding 27 US firms to the export control or ban list. Trump said: “He would not back down…

Commodity prices ended the week mostly lower, following US President Donald Trump’s reciprocal tariffs announced on April 2, which fueled inflation and growth concerns. China’s retaliation raised investor risk perception. The US 10-year Treasury bond hit its lowest level since October at 3.9150%. Fed Chair Jerome Powell said: “Higher tariffs would give rise to inflation in the coming quarters,” confirming market concerns. Beijing imposed 34% tariffs in response to Trump’s actions and introduced restrictions on rare earth elements effective April 4, while adding 27 US firms to the export control or ban list. Trump said: “He would not back down…

Hungarian Foreign Minister Peter Szijjarto on Monday called on the EU to take concrete steps to prevent a global tariff war and instead launch meaningful trade negotiations with both the US and China, as President Donald Trump refuses to back down from tariffs despite growing fears of a global recession. In a statement shared on social media, Szijjarto said Hungary’s economy is reliant on exports. “Exports play a major role in Hungary’s economy. Thanks to the expertise and dedication of Hungarian workers, our export performance far exceeds what one would expect based on our population size. So it’s clear that…

The Kremlin on Monday said that multiple questions regarding the ceasefire deal in Ukraine are “hanging in the air” and need answers. Last month, the US brokered two agreements between Russia and Ukraine-one to “ensure safe navigation” in the Black Sea and another for a 30-day halt on attacks targeting energy infrastructure-which took effect following talks in Saudi Arabia. Despite the agreements, both sides have frequently accused each other of violating the pause on energy-related strikes. “(Russian) President (Vladimir) Putin does support the idea of a ceasefire. But before that happens, a whole series of questions need to be answered.…

Canada’s prime minister warned Monday that US President Donald Trump’s escalating tariffs are rupturing the world’s economy, also unveiling new support measures aimed at protecting Canadian retirees amid growing financial instability. “President Trump’s tariffs have ruptured the global economy, and Canadians are rightfully concerned about their retirement savings, their jobs, and their businesses,” Mark Carney said in a press release. “In the tough days ahead, we will protect Canadians and build Canada strong. If America won’t lead, Canada will,” he added. Carney’s ruling Liberals announced new measures to support seniors during the crisis. The minimum withdrawal from Registered Retirement Income…

Data breaches worldwide cost nearly $4.5 million on average but the indirect consequences, such as loss of reputation and customer trust, as well as regulatory fines, paint a grimmer picture, especially with the rise of artificial intelligence (AI), making data security paramount. Senad Aruc, founder and CEO of Netherlands-based security operations (SecOps) firm Imperum, said that data security has become a key issue for not only individuals but also institutions and countries. Aruc, speaking to Anadolu on the occasion of Türkiye’s Personal Data Protection Day on Monday, highlighted that no country is exempt from the risks when it comes to…