World

U.S. dollar ticks down

NEW YORK, April 3 (Xinhua) -- The U.S. dollar softened in late trading on Thursday.

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.  

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.

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.

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.

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.

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.

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.

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.

World

Roundup: South African experts urge market diversification amid U.S. "unilateral trade tariffs"

JOHANNESBURG, April 3 (Xinhua) -- Economic and trade experts on Thursday warned of the widespread impact of the 30 percent tariffs imposed on South African exports by the Trump administration, cautioning that multiple economic sectors would be affected.

World

Canadian, German leaders talk about deepening economic ties

OTTAWA, April 3 (Xinhua) -- Canadian Prime Minister Mark Carney on Thursday spoke with the Chancellor of Germany Olaf Scholz about deepening the economic ties between the two countries.

World

UN aid chief to arrive in Myanmar on Friday

UNITED NATIONS (Reuters) -United Nations aid chief Tom Fletcher will arrive in earthquake devastated Myanmar on Friday, said U.N. Secretary-General Antonio Guterres as he appealed for more international funding and rapid, unimpeded aid access in the country.

World

Bosnian Serb separatist leader Dodik to be barred from Germany, Austria

SARAJEVO (Reuters) - Germany and Austria said on Thursday they would bar Bosnian Serb separatist leader Milorad Dodik and his two closest aides from their territories, accusing him of threatening the security of his fragile country and the region.

World

EU's strongest weapon against U.S. tariffs still "on the table": senior official

BRUSSELS, April 3 (Xinhua) -- The European Union (EU) will respond with "legal, legitimate, proportionate, and decisive measures" to Donald Trump's trade tariffs, but its strongest weapon is still "on the table," the chairman of the European Parliament's international trade committee said on Thursday.

World

Central China's Hunan Province promotes culture, tourism in London

LONDON, April 3 (Xinhua) -- Central China's Hunan Province, known for the towering natural pillars in Zhangjiajie that inspired the movie Avatar, showcased its rich cultural and tourism resources in London on Thursday.

World

Commissioner of Chinese Foreign Ministry's office in HKSAR lodges solemn representations with U.S. consul general in Hong Kong

HONG KONG, April 3 (Xinhua) -- The Commissioner's Office of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) said Thursday it condemned the U.S. gross interference in Hong Kong affairs.

World

1st LD: WTO chief says deeply concerned in response to U.S. tariff announcement

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.

World

'You cannot annex another country', Danish PM tells US over Greenland

NUUK, Greenland (Reuters) -Danish Prime Minister Mette Frederiksen called on Thursday for increased Arctic defence collaboration with the United States during a visit to Greenland, and firmly dismissed the U.S. desire to annex the semi-autonomous Danish territory.

World

Urgent: WTO chief says deeply concerned over U.S. tariff announcement

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.

World

Ethiopian Airlines launches new cargo route to Macao, China

ADDIS ABABA, April 3 (Xinhua) -- Africa's leading carrier Ethiopian Airlines has announced the launch of a new cargo route to Macao, China.