{
}
Global markets were shaken as the US confirmed a staggering 145% tariff on Chinese imports, escalating the trade war despite initial optimism from President Trump's softer stance on other international tariffs. While Asian and European markets initially surged, US indices plummeted, reflecting investor concerns over the deepening conflict with China, which retaliated with 84% levies on US goods. International leaders expressed cautious optimism for negotiations, but tensions remained high, impacting commodities like oil, which saw significant price drops amid the uncertainty.
Polish insurtech startup Ominimo has secured its first external funding from Zurich Insurance Group, which acquired a 5% stake for €10 million, valuing the company at €200 million. Founded a year ago, Ominimo specializes in car insurance and has already signed 300,000 policies, achieving profitability in Hungary. With Zurich as its risk carrier, the firm plans to expand into over 10 markets, starting with Poland, Sweden, and the Netherlands.
Global markets plunged as the US confirmed a staggering 145% tariff on Chinese imports, escalating the trade war despite initial optimism from President Trump's softer stance on other international tariffs. While Asian and European markets initially surged, US indices fell sharply, with the Dow dropping 1,746 points. Amidst the turmoil, international leaders expressed cautious optimism for negotiations, while oil prices also declined in response to the heightened tensions.
Global markets reacted sharply to escalating US-China trade tensions, with the US imposing a cumulative 145% tariff on Chinese imports, while China retaliated with 84% levies on US goods. Initially buoyed by President Trump's softer stance on other trade partners, US markets plummeted, with the S&P 500 down 5% and the Dow Jones losing 1,746 points. Oil prices also fell as investors reassessed the implications of the ongoing trade conflict.
French President Emmanuel Macron's recent visits to Lebanon and Egypt signify a strategic push for stability in the Mediterranean, focusing on regional security and humanitarian aid. His efforts aim to empower local agency and foster partnerships, particularly in military and cultural sectors, while addressing Lebanon's political reforms and the disarmament of Hezbollah. Macron's approach emphasizes collaboration with historical allies to enhance geopolitical cooperation and support for the region's people.
German clean energy startup 1Komma5 has postponed its Nasdaq IPO originally set for 2025, citing market volatility and US tariff policies as key factors. Valued at over $1 billion, the company is reassessing its listing strategy amid global economic uncertainty, reflecting a broader trend among European tech firms reconsidering US listings.
President Trump paused tariffs on numerous countries, aiming to negotiate better trade deals while intensifying pressure on China, where tariffs were raised to 125%. This decision led to a surge in global stock markets, despite ongoing trade tensions and fears of recession. Treasury Secretary Bessent indicated that the strategy was designed to leverage negotiations effectively.
Wise is set to open a new hub in Hyderabad, India, in the second half of 2025, aiming to hire hundreds in tech roles across product, engineering, and operations. This expansion aligns with India's booming fintech market, projected to grow significantly, particularly in cross-border payments. The new hub will enhance Wise's capabilities in both regional and global product development while addressing challenges faced by Indian businesses in receiving international payments.
JD.com has launched its retail platform, Joybuy, in London as part of its international expansion strategy, currently in a soft launch phase with select users. The platform offers a variety of products, including daily essentials and electronics, with promotions like free shipping and expedited delivery options.This move aligns with JD.com's asset-heavy model, contrasting with prevalent marketplace approaches in the UK, and leverages its extensive logistics network to ensure reliable delivery. The launch comes at a time when the UK e-commerce market is poised for growth, presenting significant opportunities for cross-border trade.
Global PC shipments have reached a four-year high as companies accelerate purchases to avoid impending tariffs. This surge reflects a strategic move by businesses to secure technology assets ahead of potential cost increases, highlighting the ongoing impact of trade policies on the market.
Euro
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us china trade war escalates as tariffs reach 145 percent
Euro
United States Dollar
NASDAQ Composite
Hollywood Bowl Group PLC
DEU
JPN
CHN
USA
CAN
Donald Trump
Mark Carney
Howard Lutnick
Yongqiang He
Ursula von der Leyen
Show more
05:10 11.04.2025
Polish insurtech Ominimo secures investment from Zurich at 220 million valuation
05:00 11.04.2025
us china trade war escalates as tariffs reach 145 percent
Euro
United States Dollar
DAX P
Nikkei 225
KOSPI 200 Index
Dow Jones Industrial Average
S&P 500
Hollywood Bowl Group PLC
NASDAQ Composite
DEU
JPN
CHN
USA
CAN
Donald Trump
Mark Carney
Howard Lutnick
Yongqiang He
Ursula von der Leyen
Show more
18:33 10.04.2025
us china trade tensions escalate as markets react to tariff changes
Euro
United States Dollar
NASDAQ Composite
Hollywood Bowl Group PLC
DEU
CHN
USA
CAN
Donald Trump
Mark Carney
Howard Lutnick
Yongqiang He
Ursula von der Leyen
Show more
18:17 10.04.2025
macron strengthens mediterranean ties through partnerships with egypt and lebanon
Euro
United States Dollar
Rafale.B Sàrl
Mistral 1
GRC
CYP
EGY
FRA
SYR
LBN
Abdullah II
Joseph Aoun
Emmanuel Macron
Abdel Fattah El-Sisi
Ahmed al-Sharaa
Show more
16:02 10.04.2025
German clean energy startup 1Komma5 postpones IPO amid market volatility
07:50 10.04.2025
Trump pauses tariffs to negotiate with global partners amid trade tensions
Euro
Chinese Yuan
United States Dollar
Amazon.com, Inc.
Ing. A. Dielissen Bouwkundig werk
The Goldman Sachs Group, Inc.
CHN
AUS
KOR
JPN
MYS
USA
VNM
Donald Trump
Scott Bessent
Richard Marles
Show more
07:20 10.04.2025
Wise expands in India with new hub and hundreds of tech hires
06:03 10.04.2025
JD.com launches Joybuy retail platform in London to expand international presence
17:51 09.04.2025
global pc shipments reach highest level in four years amid tariff concerns
11:53 09.04.2025
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Global Trade Developments
Startups & Entrepreneurship
Government Economic Policies
Industry Mergers & Acquisitions
Retail and Consumer Goods
Finance Mergers & Acquisitions
Financial Scams and Security
Fintech Startups
Emerging Startups
Workplace Trends
CEO Changes
Venture Capital Investments
Cryptocurrency Trends
Funding Rounds & Investments
Energy Sector Developments
Market Analysis and Predictions
Stock Market Updates
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
United Arab Emirates Dirham
Vietnamese Đồng
New Taiwan Dollar
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People:
Donald Trump
Ilya Sutskever
Peter Thiel
Amal El Fallah Seghrouchni
Trixie Lohmirmand
Scott Bessent
Jamieson Greer
Joe Jurken
Stephen Roachford
David French
Rick Woldenberg
Marc Rosenberg
Isaac Larian
Hichem Djouhri
Laurina Emmanuel
Tim Cook
Andrew Ferguson
Sheryl Sandberg
Mark Zuckerberg
Pavel Prass