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…

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…

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.…

The EU should consider postponing counter tariffs on US imports of aluminum and steel due to come into effect on April 9, Italy’s Foreign Minister Antonio Tajani said Monday. “We could think about postponing them to April 30, but we certainly don’t oppose them,” Tajani said. “We will support EU Trade Commissioner Maros Sefcovi, this is clear. Let’s see if we can postpone them by a few weeks to have more time for dialogue.” Tajani’s comments came after warnings by Italian Premier Giorgia Meloni and other prominent members of the Italian government against the imposition of retaliatory tariffs on the…

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…

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…

Russia and Uzbekistan on Monday praised “fruitful” interparliamentary contacts, as the Uzbek president hosted talks with the head of Russia’s upper house of parliament in Tashkent. “Issues of further deepening Uzbek-Russian relations of comprehensive strategic partnership and alliance were discussed. Fruitful interparliamentary contacts were highly appreciated,” said a statement by the Uzbek presidency following talks between President Shavkat Mirziyoyev and Russia’s Federation Council speaker Valentina Matviyenko. Matviyenko expressed gratitude to Mirziyoyev and conveyed his Russian counterpart Vladimir Putin’s greetings and best wishes. Continuing interaction between Russia and Uzbekistan to ensure parliamentary control over the implementation of mutual agreements at the…

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…

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…

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…