2024 data from the Federal Statistical Office of the Federal Republic of Germany (Destatis) indicates that China was not Germany's primary trading partner for the first time in eight years. The trade volume between these nations decreased by 3.1% in the year to €246.3 billion. Consequently, the top position in bilateral trade volume was held by the United States - €252.7 billion. In 2024, the...

US National Security Adviser Michael Waltz stated that the White House anticipates the arrival of French President Emmanuel Macron and British Prime Minister Keir Starmer in Washington next week. He added that they intend to talk about the situation in Ukraine. Mr. Walz stated that the U.S. aims to connect with as numerous stakeholders in the conflict as it can. “You won't be able to get the...

According to Reuters, the European Union plans to lift several sanctions imposed on Syria. The European Union intends to halt sanctions on Syria concerning energy, transportation, reconstruction, and banking, according to a draft document referred to by Reuters. “The proposed declaration states that the EU Council has resolved to halt several restrictive measures 'pertaining to energy,...

Regarding the gathering of Russian and US representatives in Riyadh, American President Donald Trump endorsed the proposal to conduct elections in Ukraine, which were delayed because of the martial law enacted in the nation. Discussing the Ukrainian election, he pointed out the minimal backing for the existing President Volodymyr Zelenskyy from the populace. "We are facing a scenario where...

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...