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Bulgaria to get final green light to adopt euro in 2026
EU ministers are set to give the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, when the country would become the single currency area's 21st member. - Euro club gets bigger - Only 12 countries were part of the single currency area -- including France, Germany, Italy, Spain, and Greece -- when the first euro bills and coins were rolled out on January 1, 2002.
Major garment producer Bangladesh seeks deal after 35% US tariff
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday. Trump hit Bangladesh with 37 percent tariffs in an April 2 announcement, but in a letter issued Tuesday, the US leader said it would now be 35 percent.
Most markets rise as Trump sends tariff letters, delays deadline
Most stocks rose Tuesday as traders cautiously welcomed Donald Trump's extension of his tariff deadline and indication he could push it back further, though uncertainty over US trade policy capped gains. While Wall Street's three main indexes ended down -- with the S&P 500 and Nasdaq back from record highs -- Asian markets mostly rose.
BRICS criticism brings Trump 10% tariff threat
US President Donald Trump threatened China, India, and some of the world's fastest-emerging economies with higher import tariffs, hitting back at BRICS criticism of his trade policies as the bloc meets Monday. Now he is threatening to impose unilateral levies on trading partners unless they reach "deals" by August 1, with BRICS nations seemingly faced with higher tariffs than planned.
Trump steps up pressure for deals as US tariff deadline nears
Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.
Demna to bow out at Balenciaga in Paris Haute Couture Week
After 10 years at Balenciaga, provocative Georgian showman Demna is to take a final bow during Paris Haute Couture Week, which began on Monday with a star-studded show by Schiaparelli.
Apple appeals 500-mn-euro EU fine
Apple filed an appeal on Monday against 500-million-euro fine imposed by the EU and accused Brussels of forcing the US tech giant to make changes that are "bad" for users. "As our appeal will show, the commission is mandating how we run our store and forcing business terms which are confusing for developers and bad for users.
North Korea bars Western influencers from trade fair tour
North Korea has barred Western influencers from joining a delegation of tourists to an international trade fair in October, a China-based tour operator told AFP on Monday. - Lavish gifts - The YPT tour, priced at 3,995 euros ($4,704), will depart from the Chinese capital Beijing and take in the Pyongyang Autumn International Trade Fair, North Korea's biggest international business exhibition.
Asian markets drop as Trump's tariff deadline looms
Most Asian markets fell Monday as countries fought to hammer out trade deals days before Donald Trump's tariff deadline, though investors took heart after he said the levies would not kick in until the start of next month. Governments from major trading partners including Japan, India, the European Union and South Korea have fought for the past three months to get agreements.
AFP
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