Two blasts took place on the Seajewel tanker in the Italian port city of Savona, causing a breach in the ship's hull that showed evidence of external force. The team aboard the Maltese-flagged ship reported the event overnight from Friday to Saturday during the process of unloading oil. The newspaper Corriere della Sera reports that an inspection following the explosions found no signs of oil...

Japan has once more requested the United States for relief from the duties it enforces, including the so-called "reciprocal tariffs," a subject that was discussed in a dialogue between Japanese Foreign Minister Takeshi Iwai and U.S. Secretary of State Marco Rubio during the Munich Security Conference. "I stated our stance that Japan must not be subjected to the measures referred to as reciprocal...

The foreign ministers from Germany, France, Poland, Italy, Spain, the UK, and the EU have released a united statement asserting that “any negotiations must include Ukraine and Europe.” “We anticipate talking about the path ahead alongside our American allies.” “Our shared objectives should focus on empowering Ukraine,” stated the announcement on the German Foreign Ministry's website. “Credible...

Following President Trump's closure of the U.S. Agency for International Development (USAID), numerous media sources have theorized that China might exploit this action. Politico writes that the Chinese government has proposed to Nepal its own initiatives for enhancing local infrastructure and economy, replacing the similar programs that were previously run by USAID. It has also been reported...

Turkey's central bank will implement a significant interest rate reduction in March of 250 basis points, decreasing it from 45 percent to 42.5 percent; by year's end, the rate is forecasted to be 32.5 percent, according to Yigit Onay, a Turkish economist at Deutsche Bank in Germany. In January, Turkey's central bank lowered its key interest rate from 47.5 percent to 45 percent. The regulator's...

On February 11, US President Donald Trump enacted orders that impose a 25% tariff on all forms of steel and aluminum imported into the United States, reports Reuters. The recent decrees implement the “North American standard.” As per this, all steel brought in must be “melted and poured,” while aluminum must be “melted and cast” in this area. In this way, the agency states, it restricts the...

French President Emmanuel Macron cautioned the United States not to initiate a trade war with European Union nations. He claims that the US imposing tariffs on products from the European Union could negatively impact the US economy. Mr. Macron stated that US President Donald Trump should concentrate on different issues instead of attempting to damage the EU economy. "To begin with, is the EU...

Euroclear, the international depositary, anticipates that the tranche, scheduled for March 2025 and allocated to the European aid fund for Ukraine from the investments of Russian assets for the latter half of 2024, will reach around €2 billion. In 2024, Euroclear earned approximately €6.9 billion in interest from Russian assets that were frozen because of sanctions. In 2023, the amount decreased...

According to sources from the Office of Personnel Management, over 40 thousand federal employees in the US have consented to resign in return for eight months' salary payments, The Wall Street Journal reports. This kind of proposal was presented by the administration of US President Donald Trump in late January. Applications for dismissal can be submitted until February 6. Based on interviews...