Author: Anadolu Agency

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…

Russia on Monday claimed that Ukrainian forces carried out six attacks on its energy facilities over the past 24 hours, saying the assaults violate a US-brokered agreement to halt such strikes for 30 days beginning March 18. “The Kyiv regime, in violation of Russian-American agreements, continues daily unilateral attacks on Russian energy infrastructure,” a Russian Defense Ministry statement said. In the southern Rostov region, two drone strikes on Sunday disrupted high-voltage lines, leaving approximately 1,000 households in the Myasnikovsky district without power, the ministry said. Another drone strike in Voronezh damaged wires on a power facility, cutting electricity to homes…

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…

China on Monday called for “jointly” opposing all forms of unilateralism and protectionism as US President Donald Trump refused to back down from tariffs imposed on allies and rivals alike, state media reported. “The US’ practice of pursuing hegemony under the guise of reciprocity has sacrificed the legitimate interests of other nations to serve its own selfish purposes,” Foreign Ministry spokesman Lin Jian told reporters in Beijing. Trump’s move “places ‘America First’ above international rules, and is a typical act of unilateralism, protectionism, and economic bullying,” Lin said, reacting to what Trump called “reciprocal” tariffs on imports from around the…

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.…

Japan was “not doing anything unfair,” Prime Minister Shigeru Ishiba said Monday, referring to additional 24% tariffs imposed by the Trump administration. However, Ishiba reiterated his willingness to meet with US President Donald Trump to solve the tariff crisis which has wreaked havoc in Asian markets. “We must bring up a package on what we are going to do,” Ishiba told lawmakers, Kyodo News reported. Japan has helped create jobs in the US through investments, Ishiba noted, noting: “We must clearly stress that Japan is not doing anything unfair.” He was apparently referring to Trump’s repeated statements that the allies…

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 UN peacekeeping chief on Monday called for urgent reforms in the face of emerging threats, and told the Security Council that peacekeeping operations must evolve to remain effective. “Our future monitoring efforts will need to address threats that extend beyond the traditional physical domains. Influence operations, cyberattacks and other hybrid threats challenge our conventional models and demand fresh, innovative approaches,” said Jean-Pierre Lacroix, under-secretary-general for peace operations. Lacroix emphasized that effective ceasefire monitoring still depends on strict adherence to core principles: Consent, impartiality and non-use of force. He said peacekeepers must be “perceived as credible and unbiased observers who…

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…

Major Asian stock markets recorded significant losses on Monday, with Hong Kong’s Hang Seng Index suffering the steepest decline, as escalating trade tensions between the US and China sparked investor concerns over a potential global recession. The market turmoil followed China’s announcement on Friday of a 34% tariff on US imports — a direct response to US President Donald Trump’s decision to impose 34% tariffs on Chinese goods. The Asia Dow, which tracks leading blue-chip companies across the region, fell 9.25% to 3,636.19 points as of 0631GMT. Japan’s Nikkei 225 index declined 7.68%, closing at 31,187.50 points. The Hang Seng…