Satellite images showing hundreds of Egyptian tanks on the Philadelphia axis on the Egyptian side.
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Israeli forces intercepted several rockets fired from the Gaza Strip.
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Foreign Ministers of Israel and the UAE met in Abu Dhabi.
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Clash Report
TikTok clock ticking! China’s ByteDance must divest US operations by April 5th or likely to face a ban.
China's objections to new US tariffs have stalled a deal to sell TikTok, according to Trump.
"We pretty much had a deal for TikTok - not a deal, but pretty close - and then China changed the deal because of the tariffs," Trump told reporters.
Source: Bloomberg
"We pretty much had a deal for TikTok - not a deal, but pretty close - and then China changed the deal because of the tariffs," Trump told reporters.
Source: Bloomberg
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NEW: Germany’s Merz Has a Problem: Can He Spend a Trillion Euros?
Incoming German Chancellor Friedrich Merz has secured €1 trillion for infrastructure and defense, ending years of fiscal austerity. But spending it is the real challenge.
Germany faces deep bureaucratic delays, labor shortages, and sluggish planning processes that could push the plan’s full impact to 2027.
With rising threats like Russia and reduced U.S. involvement in European security, the stakes are high.
Experts warn that without urgent reforms to streamline government, attract workers, and modernize administration, Merz risks wasting this historic opportunity—and fueling support for the far-right AfD.
Source: Bloomberg
Incoming German Chancellor Friedrich Merz has secured €1 trillion for infrastructure and defense, ending years of fiscal austerity. But spending it is the real challenge.
Germany faces deep bureaucratic delays, labor shortages, and sluggish planning processes that could push the plan’s full impact to 2027.
With rising threats like Russia and reduced U.S. involvement in European security, the stakes are high.
Experts warn that without urgent reforms to streamline government, attract workers, and modernize administration, Merz risks wasting this historic opportunity—and fueling support for the far-right AfD.
Source: Bloomberg
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U.S. oil prices plunged below $60 a barrel after President Trump announced broad new tariffs, raising fears of a global economic slowdown.
Prices are down 15% in days, hurting U.S. oil producers—especially in states like Texas—who may cut drilling and jobs.
OPEC’s plan to boost supply and higher material costs from tariffs add pressure. Smaller energy firms are most at risk. Energy stocks have already taken a major hit.
Source: NYT
Prices are down 15% in days, hurting U.S. oil producers—especially in states like Texas—who may cut drilling and jobs.
OPEC’s plan to boost supply and higher material costs from tariffs add pressure. Smaller energy firms are most at risk. Energy stocks have already taken a major hit.
Source: NYT
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Trump's tariffs roil markets.
Asian markets fell after President Trump imposed new tariffs on U.S. trading partners, triggering fears of a global recession.
• Japan's Nikkei fell 8%, Hong Kong fell 10%, Taiwan fell nearly 10% and other regional indices followed suit.
• Analysts warn that China could lose up to 2.5 percentage points of GDP, with wider global implications.
• The Dow, S&P 500 and Nasdaq each fell more than 5% in the worst decline since the Cold War sell-off.
• US crude fell 4% to $59.49/barrel.
• The dollar weakened slightly against the yen and euro.
Asian markets fell after President Trump imposed new tariffs on U.S. trading partners, triggering fears of a global recession.
• Japan's Nikkei fell 8%, Hong Kong fell 10%, Taiwan fell nearly 10% and other regional indices followed suit.
• Analysts warn that China could lose up to 2.5 percentage points of GDP, with wider global implications.
• The Dow, S&P 500 and Nasdaq each fell more than 5% in the worst decline since the Cold War sell-off.
• US crude fell 4% to $59.49/barrel.
• The dollar weakened slightly against the yen and euro.
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Goldman Sachs: U.S. Recession Likely if Tariffs Hit Full Force
Goldman Sachs warns there's a 45% chance of a U.S. recession—rising sharply if April 9 tariffs fully take effect, pushing effective rates up 20 points.
Even with partial rollbacks, weakening confidence, global backlash, and financial tightening may slow growth. GS expects up to three Fed rate cuts this year to soften the blow.
Full tariffs could tip the U.S. into recession; even less severe scenarios carry serious economic risks.
Source: FT
Goldman Sachs warns there's a 45% chance of a U.S. recession—rising sharply if April 9 tariffs fully take effect, pushing effective rates up 20 points.
Even with partial rollbacks, weakening confidence, global backlash, and financial tightening may slow growth. GS expects up to three Fed rate cuts this year to soften the blow.
Full tariffs could tip the U.S. into recession; even less severe scenarios carry serious economic risks.
Source: FT
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Several powerful Iranian-backed militias in Iraq are ready to disarm to avoid a potential confrontation with the Trump administration, senior commanders and Iraqi officials told Reuters.
The shift follows private U.S. warnings to Baghdad since Trump took office in January, urging action against armed groups or face possible airstrikes.
Talks between Prime Minister Mohammed Shia al-Sudani and militia leaders are reportedly advanced. Izzat al-Shahbndar, a senior Shi’ite politician, said the factions are showing flexibility and understand the risk of U.S. retaliation.
Commanders from Kataib Hezbollah, Nujabaa, Kataib Sayyed al-Shuhada, and Ansarullah al-Awfiyaa confirmed their willingness to comply, speaking anonymously due to the sensitivity of the issue.
Source: Reuters
The shift follows private U.S. warnings to Baghdad since Trump took office in January, urging action against armed groups or face possible airstrikes.
Talks between Prime Minister Mohammed Shia al-Sudani and militia leaders are reportedly advanced. Izzat al-Shahbndar, a senior Shi’ite politician, said the factions are showing flexibility and understand the risk of U.S. retaliation.
Commanders from Kataib Hezbollah, Nujabaa, Kataib Sayyed al-Shuhada, and Ansarullah al-Awfiyaa confirmed their willingness to comply, speaking anonymously due to the sensitivity of the issue.
Source: Reuters
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📉 Today is Black Monday, Asian Markets Crash, More to Come
Global trade war fears send stocks tumbling across Asia.
Here’s how major markets opened today:
Global trade war fears send stocks tumbling across Asia.
Here’s how major markets opened today:
🇯🇵 Japan (Nikkei 225): -9% early plunge, recovered slightly to -6.5%
🇨🇳 China (Shanghai Composite): -6.7%
🇭🇰 Hong Kong (Hang Seng): -10% — worst day since Feb
🇰🇷 South Korea (Kospi): -5%, circuit breaker triggered
🇹🇼 Taiwan (Taiex): -10%, trading suspended
🇸🇬 Singapore (Straits Times): -8.5%
🇦🇺 Australia (ASX 200): -6% open, settled at -3.5%
🇵🇭 Philippines (PSEi): -4%
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