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Markets
Wall St ends with heavy losses on global recession fears
Wall Street benchmarks slumped on Thursday, ending with the largest single-day percentage losses in years, as US President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.
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World
OPEC+ announces larger-than-expected oil output increase
VIENNA, April 3 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on Thursday that they will increase oil output by 411,000 barrels per day (bpd) in May, exceeding expectations.
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Tennis
ATP roundup: Top seeds challenged in Marrakech
No. 1 seed Tallon Griekspoor of the Netherlands needed three sets to advance to the quarterfinals, while No. 2 seed Lorenzo Sonego of Italy was ousted at the Grand Prix Hassan II on Thursday in Marrakech, Morocco.
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World
At least 6 people dead in mining clash in west Bolivia
LA PAZ, April 3 (Xinhua) -- At least six people were killed on Thursday due to a confrontation between members of mining cooperatives in Bolivia's western department of La Paz, local authorities said.
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World
Russian drone barrage hits Kharkiv homes, kills four people
KHARKIV, Ukraine (Reuters) - Russia launched a barrage of drones in an overnight attack on Ukraine on Friday, killing at least four people and injuring 35 in the northeastern city of Kharkiv, regional officials said.
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Football
Soccer-Fernandez steers Chelsea back into top four with 1-0 win over Spurs
LONDON (Reuters) -Chelsea beat London rivals Tottenham Hotspur 1-0 on Thursday thanks to a goal by Argentina's Enzo Fernandez, boosting their hopes of a return to the Champions League as they climbed back into fourth place in the Premier League.
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World
U.S. tariffs to slow Czech economic growth by 0.6-0.7 pp in 2025: ministry
PRAGUE, April 3 (Xinhua) -- The Czech Ministry of Finance said on Thursday that new U.S. tariffs are expected to reduce the country's economic growth by 0.6 to 0.7 percentage points this year.
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World
Nicaraguan officials committed 'systematic repression,' UN says
(Reuters) - The United Nations on Thursday named 54 officials from Nicaraguan President Daniel Ortega's government who it said are responsible for serious human rights violations and crimes, in what was described as a "tightly coordinated system of repression."
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World
At least 7 killed after dozens of tornadoes hit U.S. Midwest, South
HOUSTON, April 3 (Xinhua) -- At least seven people were killed and 13 others injured after dozens of tornadoes tearing through large swaths of the U.S. Midwest and South since Wednesday night, local authorities confirmed on Thursday.
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World
U.S. dollar ticks down
NEW YORK, April 3 (Xinhua) -- The U.S. dollar softened in late trading on Thursday.
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World
South Korea's President Yoon ousted by Constitutional Court
SEOUL (Reuters) -South Korean President Yoon Suk Yeol was ousted by the Constitutional Court on Friday, which upheld parliament's impeachment motion over his short-lived imposition of martial law last year that sparked the country's worst political crisis in decades.With Yoon's ouster, a presidential election is required to take place within 60 days, according to the country's constitution.
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World
Italy scrambles to respond as U.S. tariffs threaten economy
ROME, April 3 (Xinhua) -- Italian Prime Minister Giorgia Meloni convened an emergency meeting of ministers on Thursday as the country's already slowing economy braces for the fallout from the United States' sweeping new tariffs.
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World
Hungary set for economic leap with launch of Chinese megaprojects: FM
BUDAPEST, April 3 (Xinhua) -- Hungary is poised for a major economic leap in 2025, driven by the start of production at multiple Chinese industrial megaprojects across the country, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said on Thursday.
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World
Bosnia's defense industry faces heavy burdens from U.S. tariff hikes
SARAJEVO, April 3 (Xinhua) -- The United States has imposed sweeping tariffs on imports worldwide, with Bosnia and Herzegovina(BiH) facing tariffs of up to 36 percent on all exports to the US, a move expected to impact the country's trade, particularly its defense industry.
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World
Ukraine has not discussed new aid with US yet, presidential office deputy head says
KYIV (Reuters) -Ukraine has not yet discussed new military aid packages with the U.S., the deputy head of the Ukrainian presidential office said, amid uncertainty about additional support from Washington for Kyiv's fight against Russia's full-scale invasion.
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World
Interview: Trump's tariffs to backfire on U.S. economy, says Spanish economist
BARCELONA, Spain, April 3 (Xinhua) - U.S. President Donald Trump's newly announced tariffs on imported goods are "not the best way to make economic policy," said Sergi Basco, an associate professor of economics at the University of Barcelona, in an interview with Xinhua on Thursday.
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World
2nd LD Writethru: WTO chief says deeply concerned over U.S. tariffs
GENEVA, April 3 (Xinhua) -- Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, expressed deep concern on Thursday over the decline in global trade and the potential for an escalating tariff war, sparked by U.S. tariff measures.
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World
Namibia needs tailored regulations instead of imported policies: central bank governor
WINDHOEK, April 3 (Xinhua) -- Namibia's regulatory framework must reflect its specific economic realities rather than copying policies from more advanced economies, Bank of Namibia Governor Johannes Gawaxab said on Thursday.
