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Asian markets experienced a significant downturn on Monday, with the Nikkei 225 plummeting 6.5% and Taiwan's stocks falling nearly 10%, as US futures indicated further losses on Wall Street amid escalating trade tensions stemming from President Donald Trump's aggressive tariffs. Trump, speaking aboard Air Force One, dismissed concerns about the market fallout, asserting that he would not negotiate with other countries until trade deficits were addressed. China's recent announcement of retaliatory tariffs on US goods intensified the situation, leading to fears of a prolonged trade war. Despite the turmoil, over 50 countries have reportedly reached out to the White House for negotiations, with Vietnam seeking a delay on substantial tariffs. Treasury Secretary Scott Bessent noted that while Trump has created leverage, the economic landscape remains volatile, with warnings from economists about potential consumer price increases due to the tariffs. 
Published: Apr 07 2025, 7 ameznews.inThe European Union (EU) has initiated countermeasures against President Donald Trump's tariffs, targeting over 20 billion euros worth of US products, including soybeans, motorcycles, and beauty items. This move comes in response to US duties on steel and aluminium, marking the EU's first significant retaliation in an escalating global tariff war. The European Commission emphasized that these countermeasures could be lifted at any time if the US agrees to a "fair and balanced negotiated outcome." The announcement underscores the ongoing tensions between the US and EU regarding trade policies, as both sides navigate the complexities of international economic relations. The EU's response reflects its commitment to protecting its economic interests while leaving the door open for negotiations to resolve the dispute amicably.
Published: Apr 09 2025, 6 pmeznews.inWall Street opened mixed on Wednesday as investors reacted to the latest tariff hikes imposed by the United States, alongside retaliatory measures from China and the European Union. The Dow Jones Industrial Average fell 0.5 percent to 37,465.28, while the S&P 500 dipped 0.1 percent to 4,976.88. In contrast, the Nasdaq Composite Index rose 0.7 percent to 15,367.67. This cautious trading followed a turbulent session on Tuesday, where stocks initially surged on trade deal hopes before plummeting after the White House confirmed significant tariff increases on Chinese goods, now at 104 percent. China retaliated with an 84 percent tariff on U.S. products, and the EU announced measures targeting over 20 billion euros of U.S. imports. Analysts noted rising Treasury yields and concerns about a potential recession, contributing to investor unease, despite a momentary spike in stocks following a social media post from President Trump encouraging buying.
Published: Apr 09 2025, 7 pmeznews.inTech entrepreneur Bryan Johnson, known as the "anti-ageing millionaire," has revealed a significant miscalculation regarding rapamycin, a drug he believed was central to his longevity protocol. Initially inspired by studies showing rapamycin could extend mouse lifespans and improve human health, Johnson meticulously adjusted his dosage over five years. However, he experienced troubling side effects, including mouth ulcers, delayed wound healing, elevated cholesterol, and an alarming rise in his resting heart rate. His concerns were further validated by a Yale University study suggesting that rapamycin may actually accelerate biological ageing, contradicting its anti-ageing reputation. Acknowledging the irony of his situation, Johnson expressed humility in a YouTube video, stating, "To those of you laughing at home, I'm laughing with you." He has since halted his use of the drug, framing the experience not as a defeat but a strategic pivot in his health journey, emphasizing the importance of sharing both successes and setbacks for progress.
Published: Apr 09 2025, 7 pmeznews.inUS President Donald Trump took to his Truth Social network on Wednesday, urging Americans to remain calm amid escalating tensions in a trade war with China and the European Union. As global markets react to retaliatory tariffs imposed by these economic powers, Trump expressed optimism, proclaiming, "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" His comments come as concerns rise over the potential impact of the trade conflict on the economy. The situation remains fluid, with both sides exchanging tariffs, prompting fears of a prolonged economic standoff. Trump's message aims to reassure the public and bolster confidence in the US economy during this turbulent period.
Published: Apr 09 2025, 7 pmeznews.inThe escalating trade war between the United States and China has reached alarming heights, with tariffs now soaring to unprecedented levels. The US has increased tariffs on Chinese goods from 10% to 104% since April 1, while China has retaliated by raising its tariffs on American products from 67% to 151%. As both nations engage in a high-stakes standoff, US President Donald Trump aims to penalize what he terms "tariff abuser" China, while Chinese President Xi Jinping remains resolute, vowing to "fight to the very end." The conflict, which began with Trump's imposition of reciprocal tariffs, has spiraled into a no-limits poker duel, impacting global markets and raising fears of a potential worldwide recession. Economists are warning that the ongoing turmoil in trade, supply chains, and logistics could have severe repercussions for the global economy, as both leaders refuse to back down.
Published: Apr 09 2025, 7 pmeznews.inChina has strongly criticized the United States following comments from US Defense Secretary Pete Hegseth, who suggested that Beijing poses a threat to the operations of the Panama Canal. In response, Chinese Foreign Ministry spokesman Lin Jian accused US officials of "maliciously attacking" China to serve their own interests and asserted that the US lacks the right to interfere in Panama's business decisions. Hegseth's remarks came during a visit to Panama, where he emphasized US concerns over Chinese influence in the region and vowed to protect the canal's integrity. This visit coincided with Panama's announcement of its withdrawal from China's Belt and Road Initiative and the ongoing sale of two canal ports operated by Hong Kong's CK Hutchison to US investment firm BlackRock. Beijing has since launched an antitrust review of the deal, further complicating the situation amid rising tensions over the canal's control.
Published: Apr 09 2025, 5 pmeznews.inChina's finance ministry has escalated its trade response by imposing an 84% tariff on all US goods starting Thursday, a significant increase from the previously announced 34%. This move follows US President Donald Trump's implementation of a staggering 104% tariff on Chinese imports, which Beijing condemned as "arrogant and bullying behavior." The escalating tariffs come amid a broader trade conflict, with Trump accusing China of "robbing" the US economy, and stating that negotiations have stalled. As a result of this tit-for-tat tariff war, global markets have reacted negatively, with US stocks experiencing a decline. US Treasury Secretary Scott Bessent criticized China's reluctance to negotiate, labeling them as "the worst offenders" in international trade. The ongoing tensions threaten to disrupt trade between the world's two largest economies, raising concerns about a potential standstill in their economic interactions.
Published: Apr 09 2025, 5 pmeznews.inPrince William, the 42-year-old Prince of Wales, has taken a bold step by hiring the divorce lawyers who represented his late mother, Princess Diana, marking a significant departure from royal tradition. The heir to the British throne has parted ways with Harbottle & Lewis, the legal firm that has served the monarchy for decades, and appointed Mishcon de Reya, a leading UK law firm. Notably, he has enlisted Anthony Julius, Mishcon's deputy chairman, who famously represented Diana during her 1996 divorce from Prince Charles. This decision reportedly comes as a blow to Gerrard Tyrrell of Harbottle & Lewis, a long-time advisor to the Royal Family. Sources suggest William's move reflects his desire to establish his own identity and approach, distinguishing himself from his father, King Charles. Insiders view this as a significant shake-up of the status quo within the palace, underscoring William's intent to forge his own path.
Published: Apr 09 2025, 6 pmeznews.inMeta, the parent company of Facebook, is set to face a federal trial next week in Washington, amid allegations from the Federal Trade Commission (FTC) that it abused its market power by acquiring Instagram and WhatsApp to stifle competition. The trial, which could result in Meta being forced to divest these platforms, marks a significant moment for antitrust enforcement against Big Tech. CEO Mark Zuckerberg's hopes for a lenient approach from a potential second Trump administration appear dim, as FTC Chair Andrew Ferguson emphasized the government's commitment to enforcing antitrust laws. The case, initiated in December 2020, will see Zuckerberg and other executives testify over at least eight weeks, with the FTC citing internal communications that reveal concerns about Instagram's potential threat. Meta's defense will argue that the acquisitions were initially approved and that substantial investments transformed the platforms into their current market-leading forms.
Published: Apr 09 2025, 4 pmeznews.inA new TikTok trend, dubbed the "Airport Theory," is captivating travellers and potentially draining their wallets as it encourages passengers to arrive at the airport just 15 minutes before boarding. Following the 2024 "raw-dogging" trend, which saw flyers forgo in-flight entertainment, this latest challenge has sparked mixed reactions. TikTok creator Michael DiCostanzo successfully documented his experience of arriving at Atlanta's Hartsfield-Jackson International Airport in a nail-biting 14 minutes and 57 seconds, thanks to TSA PreCheck and hand luggage. However, not all attempts have been successful; creator Jenny Kurtz shared her disappointment after missing her flight to Chicago while trying the same tactic. Travel advisor Nicole Campoy Jackson warns that the trend is a risky gamble, highlighting the unpredictable factors that could lead to missed flights, and asserts that arriving early is the best way to ensure you don’t miss your flight.
Published: Apr 09 2025, 4 pm
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