European stocks have nearly regained tariff losses after ‘seismic month’Europe’s Stoxx 600 index was 1% higher at 9:40 a.m. London time at 532.6 points, drawing closer to the 539.6 point level reached on April 1 — just before U.S. President Donald Trump sparked huge market volatility with his tariff policies.”April was an absolutely seismic month in financial markets, as the announcement of US reciprocal tariffs led to a huge global sell-off,” Deutsche Bank analysts Jim Reid and Henry Allen said in a Friday note.Stock Chart IconStock chart iconStoxx 600 index.”However, calm began to return to markets after President Trump announced…
Author: usaeverydaylife
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Tourism could comprise 10% of Mongolia’s gross domestic product if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday. “We have a big, ambitious kind of goal, which is about 2 million tourists by 2030, which will be around a $4 billion contribution towards our GDP,” said Nomin Chinbat, Mongolia’s minister of culture, sports, tourism and youth.Money from tourists currently makes up between 3%-4% of Mongolia’s GDP, she said.The landlocked Asian country welcomed a record-breaking 808,000 foreigners in 2024, and interest continues to rise, especially among those seeking nature, adventure, culture and…
Israeli fighter jets struck near the presidential palace in Damascus, the Syrian capital, early Friday, in what Israel’s prime minister and defense minister said was a message to the Syrian government after a wave of sectarian violence.In recent days, more than 100 people have died in clashes between Syrian pro-government forces and militants from the country’s Druse minority. The Druse practice a secretive religion with its roots in Islam, and those living in Syria have close ties to the Druse community in Israel.Friday’s strike is the second time since the violence erupted this week that Israel has intervened militarily.“This is…
Epex at the MBC Every1 variety show “Weekly Idol” at MBC Dream Center on April 23, 2024, in Goyang, South Korea.Mbcplus | Imazins | Getty ImagesLocked in a trade war with the United States and struggling with weak domestic consumption, China looks set to make a U-turn on an unlikely sector: K-pop.It was announced on April 28 that K-pop group Epex will be performing in Fuzhou, Fujian, province on May 31 — the first time an all-Korean idol group has held a concert in mainland China since 2016.On top of that, the large-scale annual Dream Concert — South Korea’s longest-running…
Nigel Farage (C), leader of the Reform UK party, celebrates the victory of Sarah Pochin, the party’s candidate, in the Runcorn & Helsby by-election at the DCBL Stadium in Widnes, north-west England, in the early hours of May 2, 2025. Oli Scarff | Afp | Getty ImagesNigel Farage’s right-wing Reform UK party made early gains in local English election results on Friday and won a parliamentary by-election by the smallest ever margin in the first major electoral test since last year’s general election.The populist Reform, led by the Brexit campaigner Farage, hopes a strong performance in English local elections to…
YIWU, CHINA – NOVEMBER 26: Foreign clients select festive goods at China Yiwu International Trade City on November 26, 2024 in Yiwu, Zhejiang Province of China. Hu Xiao/VCG via Getty ImagesFor years, Christmas merchandise has been hitting the U.S. shelves earlier, as retailers try to capitalize on the lucrative holiday season — a retail phenomenon known as “Christmas creep.”However, tariffs could be the Grinch that disrupts year-end festivities, as Chinese factories and their U.S. buyers navigate tariff uncertainties to ensure that shelves stateside will be well-stocked in time for Christmas.Shortly after U.S. President Donald Trump unveiled sweeping tariffs on April…
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices.Shell reported adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of $5.09 billion, according to an LSEG-compiled consensus. A separate forecast from analysts polled by Vara Research had expected Shell’s first-quarter profit to come in at $4.96 billion.Shell reported adjusted earnings of $7.73 billion over the same period last year and $3.66…
A view of the sign and logo of the Roche Holding AG headquarters on April 11, 2025 in Basel, Switzerland. Sedat Suna | Getty Images News | Getty ImagesCOPENHAGEN, Denmark — The ballooning obesity drug market may have a new contender after Roche struck a $5.3 billion deal to develop Danish biotech Zealand Pharma’s “next generation” weight loss candidate.The deal, announced in March and set to close in the second quarter, marks the Swiss pharma’s latest bid to compete with weight loss heavyweights Novo Nordisk and Eli Lilly, after building out its obesity treatment portfolio over recent years.Zealand Pharma’s petrelintide amylin analog…
Nigel Farage’s insurgent anti-immigration party, Reform U.K., scored a significant, if narrow, victory Friday in a parliamentary special election in the northwest of England, serving notice that Mr. Farage, a populist fixture and close ally of President Trump, is again a rising force in British politics.Reform’s candidate, Sarah Pochin, won by a razor-thin margin of six votes over her Labour Party opponent, Karen Shore, in Runcorn and Helsby, seizing what had been a safe seat for Labour until the incumbent, Mike Amesbury, was forced to resign after being convicted of assault for punching one of his constituents.On a night of…
