‘Existential threat’: what do EU’s 50% steel tariffs mean for UK industry?

IMF chief Kristalina Georgieva has issued a stark warning about the current state of the global economy, stating that 'uncertainty is the new normal.' This comes as rising tariffs continue to impact economic stability worldwide. Her remarks highlight the challenges that countries face in navigating a landscape marked by unpredictability, which could affect growth and trade. Understanding these dynamics is crucial for businesses and policymakers alike.

IMF chief Kristalina Georgieva has issued a stark warning about the current state of the global economy, stating that 'uncertainty is the new normal.' This comes as rising tariffs continue to impact economic stability worldwide. Her remarks highlight the challenges that countries face in navigating a landscape marked by unpredictability, which could affect growth and trade. Understanding these dynamics is crucial for businesses and policymakers alike.

India and China are set to resume direct flights after a five-year hiatus, signaling a potential strengthening of trade ties between the two nations. This development comes at a time when tariffs imposed by the Trump administration have strained relations, making the renewed connection significant for both economies. Enhanced trade could lead to increased cooperation and economic growth, benefiting businesses and consumers alike.

India and China are set to resume direct flights after a five-year hiatus, signaling a potential strengthening of trade ties between the two nations. This development comes at a time when tariffs imposed by the Trump administration have strained relations, making the renewed connection significant for both economies. Enhanced trade could lead to increased cooperation and economic growth, benefiting businesses and consumers alike.

Austria is currently in a contentious debate within the EU regarding its request to lift sanctions on shares linked to Oleg Deripaska. The aim is to use these assets to compensate Raiffeisen Bank for its financial losses in Russia. This situation highlights the ongoing tensions within the EU about how to handle sanctions and their economic implications, especially as member states navigate their own financial interests against collective EU policies.

Austria is currently in a contentious debate within the EU regarding its request to lift sanctions on shares linked to Oleg Deripaska. The aim is to use these assets to compensate Raiffeisen Bank for its financial losses in Russia. This situation highlights the ongoing tensions within the EU about how to handle sanctions and their economic implications, especially as member states navigate their own financial interests against collective EU policies.

The European Union is urging Belgium to utilize frozen Russian assets to support a reparations loan for Ukraine. Prime Minister Bart De Wever emphasizes the need for shared responsibility in this initiative. This move is significant as it reflects the EU's ongoing efforts to hold Russia accountable for its actions in Ukraine while also providing financial assistance to the war-torn nation.

The European Union is urging Belgium to utilize frozen Russian assets to support a reparations loan for Ukraine. Prime Minister Bart De Wever emphasizes the need for shared responsibility in this initiative. This move is significant as it reflects the EU's ongoing efforts to hold Russia accountable for its actions in Ukraine while also providing financial assistance to the war-torn nation.

The European Union has proposed a new regulation aimed at supporting farmers in light of the Mercosur trade deal. This initiative is significant as it ensures that the EU will monitor any potential influx of cheaper goods from South America, which could impact local prices. By committing to investigate these changes, the EU is taking proactive steps to protect its agricultural sector, ensuring that farmers can compete fairly and maintain their livelihoods.

The European Union has proposed a new regulation aimed at supporting farmers in light of the Mercosur trade deal. This initiative is significant as it ensures that the EU will monitor any potential influx of cheaper goods from South America, which could impact local prices. By committing to investigate these changes, the EU is taking proactive steps to protect its agricultural sector, ensuring that farmers can compete fairly and maintain their livelihoods.

The criticism of EU's foreign policy chief, Kaja Kallas, highlights concerns about her approach being more aggressive than diplomatic. This matters because it raises questions about the EU's effectiveness in international relations and its ability to navigate complex geopolitical landscapes, especially regarding Russia.

The criticism of EU's foreign policy chief, Kaja Kallas, highlights concerns about her approach being more aggressive than diplomatic. This matters because it raises questions about the EU's effectiveness in international relations and its ability to navigate complex geopolitical landscapes, especially regarding Russia.

Tonight, Manchester United faces Vålerenga in the Women’s Champions League, kicking off at 8pm BST at Leigh Sports Village. This match marks an exciting start to the tournament, showcasing the growing prominence of women's football. Fans are eager to see if United can secure a strong opening performance, setting the tone for their campaign. The revamped Women's Champions League promises thrilling matches and heightened competition, making this event significant for both teams and supporters alike.

Authorities have charged 29-year-old Jonathan Rinderknecht with starting a devastating wildfire that ravaged the Pacific Palisades neighborhood in Los Angeles. This incident is significant as it highlights the ongoing challenges of wildfire management and the impact of human actions on natural disasters, raising concerns about safety and environmental protection.

In Australia, the Palestine Action Group is facing police opposition to their planned protest at the iconic Opera House this Sunday. This situation highlights ongoing tensions surrounding the Palestine issue and the right to protest in public spaces. As the judges prepare to rule on the legality of the protest, it raises important questions about freedom of expression and the role of law enforcement in political demonstrations.

The Canadian government has decided to scrap a controversial plan that would have allowed police to access online data without a warrant. Public Safety Minister Gary Anandasangaree introduced a revised version of the legislation in the House of Commons, reflecting growing concerns about privacy and civil liberties. This decision is significant as it highlights the ongoing debate over the balance between security measures and individual rights in the digital age.

House Democrats are intensifying their pressure on Republican leader Mike Johnson to swear in an Arizona congresswoman whose vote could lead to the release of files related to Jeffrey Epstein. This situation highlights the ongoing tensions between the two parties, as Democrats accuse Republicans of delaying the swearing-in process to avoid a vote that could expose sensitive information. The implications of this standoff are significant, as it reflects broader issues of transparency and accountability in government, especially concerning high-profile cases like Epstein's.

Brazil is experiencing a significant boost in beef exports to China, with shipments increasing by 38% as demand shifts due to Trump's tariffs affecting the US market. This surge is crucial for Brazil's economy, as it compensates for a 41% drop in exports to the US, highlighting the dynamic nature of global trade and the importance of adapting to changing market conditions.