US stock futures drop and oil prices rally as president says measures could cause ‘pain’ Donald Trump’s tariffs shook markets on Monday, with the dollar surging and global equity markets sliding as investors rush to assess how the levies will affect the US and its biggest trading partners. The US dollar surged as much as 1.4 per cent against a basket of currencies before trimming its gains to 1.3 per…

Rand falls after president singles out Brics nation over expropriation of properties Donald Trump has vowed to halt all future US assistance to South Africa over its land expropriation policies, triggering a fall in the rand. The US president claimed recent measures enabled the government to confiscate property unfairly and accused South African authorities of treating “certain classes of people VERY BADLY”. He added: “I will be cutting off all…

Bloc warns of ‘unnecessary economic disruption’ after US president hits China, Canada and Mexico with trade measures Trump sparked a global trade war this weekend in announcing the measures against three of the US’s largest trading partners after the EU, which has the largest trade deficit with Washington. The Trump administration has so far refrained from imposing tariffs on the EU despite the US president saying on Friday that he…

US president fires starting gun on trade war with levies of up to 25% on goods imported from trading partners Trump issued an executive order applying additional tariffs of 25 per cent to all imports from Canada and Mexico, with the exception of Canadian oil and energy products, which will face a 10 per cent levy. Canada is by far the biggest foreign oil supplier to the US, accounting for…

Artillery shelling and air strikes killed at least 56 people across greater Khartoum on Saturday, according to a medical source and Sudanese activists. Sudan’s regular army and the paramilitary Rapid Support Forces (RSF) have been locked in a battle for power since April 2023 that has intensified this month with the army fighting to take back control of the capital. RSF shelling killed 54 and injured 158 people at a…

United States Democrats picked Ken Martin as their new leader Saturday, who now takes on the task of rebuilding a party still reeling from last year’s crushing presidential defeat — and figuring out how best to oppose Republican Donald Trump. “The Democratic Party is the party of working people, and it’s time to roll up our sleeves and outcompete everywhere, in every election, and at every level of government,” he…

…Canada told Trump levies are coming Tuesday United States President Donald Trump is imposing steep tariffs on major trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, the White House said. Canadian and Mexico exports to the United States will face a 25% tariff rate, although energy resources from Canada will have a lower 10% levy. Goods from China, which already face various rates of…

Russia on Friday criticised President Donald Trump’s plan to build a “Star Wars”-like missile shield for the United States, saying it risked turning space into an arena of “confrontation”. In an executive order on Monday, Trump called for the creation of an “Iron Dome for America” to counter ballistic and hypersonic missile threats, reviving parts of a controversial Reagan-era plan nicknamed “Star Wars” that would have placed missile interceptors in…

Foreign minister Mélanie Joly holds meetings in Washington in attempt to avert trade war. Mélanie Joly told the Financial Times the US president’s threat to impose levies of 25 per cent on Canadian imports would hit “real people” if relations between the two countries descended into a trade war. “We ship oil at a discount which is, ultimately, refined in Texas. If it’s not us, it is Venezuela,” Joly said,…

US President Donald Trump has threatened BRICS nations with 100% tariffs if they replace the US dollar as reserve currency. He has also threatened Canada and Mexico with tariffs. Trump threatened BRICS member states with 100% tariffs on Thursday to dissuade them from replacing the US dollar as reserve currency. Trump had made a similar statement right after winning the November 2024 elections. “We are going to require a commitment…

President Donald Trump has linked the fatal mid-air collision between a military helicopter and a passenger jet in Washington, D.C., to what he called a diversity hiring spree in the aviation industry. The crash, which occurred near Ronald Reagan National Airport on Wednesday evening, resulted in 67 deaths, with no survivors. During a press briefing, Trump criticized the Biden administration, alleging that FAA diversity hiring policies had compromised safety standards.…

About 30 bodies have been removed from the wreckage caused by a mid-air crash between a passenger plane and a helicopter in Washington. The American Airlines regional jetliner was carrying 60 passengers and four crew when it collided with a US Army Black Hawk helicopter near Reagan Washington National Airport, plunging the aircraft into the Potomac River, Press TV reported. Washington, DC Fire and EMS Chief, John Donnelly said at…