latest news in global
U.S.-China Trade War Leads to Sharp Decline in Chinese Freight Bookings
Nanjing, Thursday, 17 April 2025.
The ongoing trade war has triggered a significant decrease in freight bookings from China, with 80 ships’ sailings canceled, thus disrupting global supply chains and potentially hindering economic growth.
Euro Area Inflation Slightly Decreases to 2.2% in March 2025
Eurozone, Wednesday, 16 April 2025.
Inflation in the Euro area decreased marginally to 2.2% in March from 2.3% in February, influenced by declining energy prices. This slight shift may impact upcoming European Central Bank policy decisions.
Chinese Warehouses Use TikTok to Attract American Shoppers Amid High Tariffs
Beijing, Wednesday, 16 April 2025.
Chinese warehouses leverage TikTok to promote alternatives to American goods, amid high tariffs reaching 145%. Claims suggest European luxury brands use Chinese factories, shifting consumer habits.
BP Makes Significant Oil Discovery 120 Miles Off Louisiana Coast
Gulf of Mexico, Tuesday, 15 April 2025.
BP’s substantial oil find in the Gulf of America may transform U.S. energy independence, with the Far South prospect revealing potentially commercial hydrocarbon volumes in high-quality reservoirs.
EU Prepares Staff with Burner Devices for US Visits Amid Surveillance Concerns
Washington, D.C., Tuesday, 15 April 2025.
The EU equips officials with burner phones for the IMF and World Bank meetings in Washington, reflecting heightened espionage concerns and strained EU-US relations under Trump’s presidency.
Rocket Lab Wins Major Defense Contracts for Hypersonic Innovation
Los Angeles, Tuesday, 15 April 2025.
Rocket Lab has secured multibillion-dollar defense contracts with the U.S. and U.K. This positions the company at the forefront of hypersonic technology development, enhancing aerospace defense capabilities.