Germany’s Bundesbank has issued a stark warning that new U.S. tariffs on China and the EU could trigger a full-blown recession across Europe by late 2025. The alert comes just before the G7 summit, raising fears of escalating trade wars and a weakening euro against the dollar.
A new investigation published by Euronews reveals that EU-backed biofuel initiatives led by Italian company Eni in the Bouenza region of the Republic of Congo may be putting local food security at serious risk. While framed as part of Europe’s green transition, these projects may be coming at the cost of farmland that communities rely on to survive.
EU Biofuel Projects in Congo’s “Food Basket” Threaten Local Food Security Lexo / Read »
President Donald Trump has announced sweeping new tariffs on European imports, escalating trade tensions between the United States and the European Union. Starting August 1, a 30 percent tariff will apply to all EU goods entering the U.S., with the potential for further increases. With both sides digging in, the risk of a renewed trade war is rising fast.
Trump Announces 30 Percent Tariffs on European Goods Starting August 1 Lexo / Read »
Singapore’s reputation as Asia’s cleanest financial hub is under fire after regulators imposed a record S$27.45 million in fines on nine institutions, including UBS and Citibank, for failing to stop a massive money-laundering operation tied to online scams and gambling. Authorities warn this is just the beginning of stricter enforcement across the sector.
In what’s being called one of the most consequential political battles of the decade, the U.S. Senate is racing to debate and vote on a sweeping legislative package backed by President Donald Trump. Dubbed the “big, beautiful bill,” the proposal could radically reshape America’s tax system, social safety net, and federal spending priorities — potentially leaving millions without health coverage.
