featured News Trending

German Chancellor Merz Visits China Amid Trade Challenges

By 8 0

German Chancellor Friedrich Merz has embarked on his first official visit to China, leading a delegation of senior German business leaders, including heads of Volkswagen, BMW, and Mercedes-Benz. The trip aims to strengthen economic ties as Germany faces growing trade deficits and competitive pressures from China’s booming electric vehicle industry. Merz’s visit comes amid concerns over supply chain vulnerabilities and global economic rivalry.

China, Germany’s largest trading partner in 2025, has reversed years of trade surpluses, leaving Germany with a deficit of nearly €90 billion. German officials warn that export controls, overcapacity, and rising competition from Chinese firms have created a challenging environment for German manufacturers, prompting calls for Merz to negotiate better terms for industry.

During his visit, Merz is scheduled to meet President Xi Jinping and Prime Minister Li Qiang, signing economic agreements and visiting major facilities, including a Mercedes-Benz EV plant and Siemens Energy site. The trip reflects Germany’s strategic effort to balance trade relations with China while addressing EU measures protecting local industries from underpriced imports.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Rob Jetten Becomes Netherlands’ Youngest PM

By 8 0

Rob Jetten, 38, has been sworn in as the youngest and first openly gay prime minister of the Netherlands, leading a centre-right minority government with the VVD and CDA after his Democrats 66 (D66) narrowly won October’s elections over Geert Wilders. His government faces the challenge of passing major reforms, including €19bn for defense and cuts to healthcare and benefits, on a vote-by-vote basis in parliament.

The coalition plans stricter asylum rules, requiring refugees to apply outside Europe, a contentious issue that has toppled previous governments. Jetten, known for shaking off his “Robot Jetten” nickname, has presented a confident, modern image, appealing to younger voters with his pro-EU and socially liberal stance.

Globally, Jetten joins a small group of openly gay national leaders, marking a significant milestone for LGBTQ representation. Opposition parties, including Wilders and the GreenLeft-Labour coalition, have voiced concerns over the government’s financial and social plans, warning of unfair burdens on ordinary citizens.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Novo Nordisk Loses Wegovy-Era Gains

By 54 0

Shares of Novo Nordisk plunged more than 16%, erasing the remaining gains driven by its blockbuster weight-loss drug Wegovy. The sharp decline followed disappointing trial results for its next-generation obesity treatment CagriSema, which underperformed a rival therapy from Eli Lilly. The drop pushed Novo’s valuation sharply lower, extending a massive fall from its 2024 peak when it was briefly worth over $650 billion.

Novo has now shed roughly $475 billion in market value, with its shares retreating to levels last seen before Wegovy’s 2021 launch transformed the company into Europe’s most valuable drugmaker. The stock was among the biggest decliners on Europe’s STOXX 600 index, while Eli Lilly shares gained in U.S. trading, reflecting investor confidence in its competing obesity treatments.

Analysts said the trial setback could dent long-term sales prospects for CagriSema and make it harder for Novo to regain market share in the rapidly expanding obesity drug sector. Growing competition, particularly from highly effective weight-loss therapies, has intensified pressure on the Danish drugmaker as investors reassess its growth outlook.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Spain to Declassify 1981 Coup Files

By 56 0

Spain will release classified documents related to the failed 1981 coup attempt that shook its young democracy, Prime Minister Pedro Sanchez announced on Monday. The files, set to be made public on Wednesday, are expected to provide deeper insight into the events surrounding the attempted overthrow of the government. Sanchez said the move aims to settle a historic debt with the Spanish public and reinforce democratic transparency.

The declassified records may shed new light on the role of former King Juan Carlos I and the involvement of intelligence services and other state institutions during the crisis. However, former spy chief Alberto Saiz previously warned that several key documents connected to the plot have gone missing, potentially limiting the full picture.

The coup unfolded when Lieutenant Colonel Antonio Tejero and armed members of the Civil Guard stormed Spain’s parliament, firing shots and holding lawmakers hostage for 17 hours in a bid to restore dictatorship. The attempt ultimately failed after King Juan Carlos delivered a televised address defending the constitutional order and the elected government.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Hungary Threatens to Block EU Sanctions on Russia

By 65 0

Hungary has vowed to block the European Union’s latest sanctions package against Russia and a proposed 90-billion-euro loan for Ukraine, escalating tensions ahead of the fourth anniversary of Moscow’s full-scale invasion. The dispute centres on the disruption of Russian oil supplies through the Druzhba pipeline, which Budapest and Slovakia say has undermined their energy security. Hungarian Prime Minister Viktor Orban has indicated that Hungary will withhold support for the measures until the issue is resolved.

EU foreign ministers meeting in Brussels urged Hungary to reconsider, warning that unity is crucial as the war drags on. Ukrainian President Volodymyr Zelenskiy, in an interview with the BBC, said Russian leader Vladimir Putin had “already started” World War Three and called for intensified global pressure on Moscow. Meanwhile, U.S.-led diplomatic efforts to broker peace have yet to yield a breakthrough, with recent talks in Geneva failing to produce progress.

The standoff comes as Russian drone strikes killed two people in Ukraine’s southern Odesa region, according to Ukrainian officials, while Kyiv claims it has regained control over parts of the southern frontline. Hungary and Slovakia have also warned they could halt emergency electricity exports to Ukraine if oil flows via Druzhba are not restored. The clash underscores deep divisions within the EU as it seeks to maintain pressure on Russia while managing internal political and energy challenges.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Swiss Industry Warns of Chaos After Fresh U.S. Tariff Hike

By 73 0

Switzerland’s leading industry body Swissmem has criticised the latest tariff move by Donald Trump, saying it adds to global uncertainty and dampens investment activity. Over the weekend, Trump raised a temporary U.S. import tariff to 15% from 10%, a decision Swissmem said is exacerbating market chaos and creating fresh challenges for exporters.

Switzerland had already faced some of the highest U.S. tariffs in Europe after Washington imposed a 39% duty on Swiss exports last August. In November, Switzerland secured a preliminary agreement reducing levies to 15%, in line with the European Union. Talks are ongoing to formalise that arrangement by the end of March, and Swissmem has urged the government to continue negotiations to ensure legal certainty for businesses.

Although the new 15% tariff may not be stacked on top of the previously agreed rate, Swissmem noted that when combined with a pre-existing 5% duty on industrial goods, Swiss exports could effectively face tariffs of around 20%. The group warned that this would significantly raise prices for American customers, though it acknowledged that similar tariffs on foreign competitors may offer limited relief. Switzerland, for its part, abolished its own industrial tariffs in 2024.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Police Officer Killed, Dozens Injured in Suspected Terror Attack in Lviv

By 84 0

A 23-year-old police officer, identified as Viktoria Shpylka, was killed and 25 others were injured after two homemade explosive devices detonated in the western Ukrainian city of Lviv. According to the National Police of Ukraine, the explosives were hidden in waste bins and exploded shortly after officers responded to a reported overnight break-in at a shop in the city centre. Several officers were among the injured, with some reported to be in serious condition.

Ukrainian authorities described the incident as a terrorist attack and quickly detained a 33-year-old suspect from the Rivne region. President Volodymyr Zelensky confirmed the arrest and said investigators believe the suspect acted on instructions from Russian special services. Officials are continuing efforts to identify possible accomplices, while prosecutors have opened a terrorism investigation into the deadly attack.

The bombing comes amid ongoing conflict between Ukraine and Russia, as the country faces intensified missile and drone strikes ahead of the fourth anniversary of Russia’s full-scale invasion ordered by Vladimir Putin. Ukrainian officials reported dozens of aerial attacks targeting infrastructure and residential areas, highlighting continued security threats as Russia maintains control over parts of Ukrainian territory, including the annexed region of Crimea.

Pic courtesy: google/ images are subject to copyright

featured News Trending

St Francis of Assisi’s Remains Displayed to Public After 800 Years

By 63 0

The bones of Francis of Assisi have gone on public display in Italy to commemorate 800 years since his death. The 13th-century saint’s skeleton is being exhibited at the lower church of the Basilica of Saint Francis of Assisi in the central Italian town of Assisi. Preserved in a nitrogen-filled plexiglass case placed before the altar, the display has drawn global attention, with around 400,000 visitors reserving a viewing slot.

This marks only the second time the saint’s remains have been shown publicly, the first being a limited one-day viewing in 1978. Born in Assisi in 1181 or 1182, Francis renounced his wealth to live a life of poverty and service, founding the Franciscan Order. He is revered as the patron saint of animals and the environment, and his feast day is observed annually on 4 October, the date of his death in 1226.

The exhibition also holds special resonance following the death of Pope Francis last year, who chose his papal name in honour of the saint and sought to emulate his humility and compassion. Organisers have confirmed that the relics will remain on display until 22 March, offering pilgrims and visitors a rare opportunity to pay homage to one of Christianity’s most venerated figures.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Germany’s Business Activity Climbs to Four-Month High in February

By 110 0

Germany’s private sector expanded at its fastest pace in four months in February, signaling renewed momentum in Europe’s largest economy. The HCOB Flash Germany Composite Purchasing Managers’ Index, compiled by S&P Global, rose to 53.1 from 52.1 in January, surpassing analysts’ expectations. A reading above 50 indicates growth, pointing to stronger overall business activity across the country.

The services sector remained the main driver of expansion, with its PMI rising to 53.4 from 52.4, beating forecasts. Meanwhile, manufacturing returned to growth for the first time since June 2022, with the index climbing to 50.7 from 49.1 in January. The rebound in factory output marks a significant turnaround after more than three years of contraction.

Economists said the data supports signs of a broader economic recovery, following an unexpected surge in German industrial orders in December — the biggest increase in two years. While employment levels continued to decline, the pace of job losses slowed considerably, suggesting stabilizing conditions. Analysts indicated that Germany’s gross domestic product is likely to post visible growth in the first quarter, barring any unexpected downturn in March.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Macron Urges Calm Ahead of Rallies for Slain Activist in France

By 78 0

French President Emmanuel Macron has called for calm ahead of planned marches honoring a far-right activist killed last week. Speaking at the opening of the International Agricultural Fair in Paris, Macron stressed that violence has no place in the Republic and warned against the rise of militias. He said the government would remain vigilant and confirmed a meeting next week with the prime minister and key ministers to address concerns over extremist groups.

The rallies are being held in memory of Quentin Deranque, a 23-year-old who was beaten to death in a violent altercation that was widely shared on video and shocked the country. Authorities fear that the demonstrations could escalate into clashes between far-right activists and opposing antifascist groups.

The largest gathering is expected in Lyon, where Deranque was killed and where tensions between rival groups have been high. The interior ministry estimates that between 2,000 and 3,000 people may attend the Lyon march, with smaller rallies planned in several other towns across France.

Pic courtesy: google/ images are subject to copyright