Syria: France 24 gains rare access to war-torn Sweida after deadly clashes
28/07/2025
Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
Europe
28/07/2025
Gaza: Humanitarian aid starts trickling in after a four-month blockade
Middle East
28/07/2025
Oxfam: 'It's an engineered starvation campaign against civilians, women and children, in Gaza Strip'
Middle East
28/07/2025
Ukraine: Former POWs struggle to rebuild their lives
28/07/2025
Israel begins daily pause in fighting in 3 Gaza areas to allow 'minimal' aid as hunger grows
28/07/2025
US and EU strike deal with 15% tariff to avert trade war
28/07/2025
Euro 2025 final: England beat Spain in penalty shootout
28/07/2025
Turkey battles wildfires amid strong winds, heatwave
28/07/2025
Thai, Cambodian leaders hold ceasefire talks in Malaysia
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Euronews
13 minutes ago
- Euronews
Starmer says UK will recognise Palestinian state if no Gaza ceasefire
Prime Minister Keir Starmer said on Tuesday the UK will recognise a Palestinian state in September unless Israel agrees to a ceasefire in Gaza and takes steps toward long-term peace. Starmer called ministers together for a rare summertime Cabinet meeting to discuss the situation in Gaza. He told them that Britain will recognise a state of Palestine before the United Nations General Assembly, "unless the Israeli government takes substantive steps to end the appalling situation in Gaza, reaches a ceasefire, makes clear there will be no annexation in the West Bank, and commits to a long-term peace process that delivers a two state solution." The situation in Gaza has drawn a wave of international criticism over Israel's conduct in the 21-month war, especially as images of emaciated Palestinian children in the territory emerged and hunger deaths began to circulate widely. This is a developing story and our journalists are working on further updates.
France 24
44 minutes ago
- France 24
IMF lifts 2025 growth forecast on 'fragile' easing in trade tensions
The International Monetary Fund still sees growth slowing this year, however, even as it lifted its 2025 projection to 3.0 percent -- up from 2.8 percent in April -- in its World Economic Outlook update. In 2024, global growth came in at 3.3 percent. Looking ahead, the IMF expects the world economy to expand 3.1 percent next year, an improvement from the 3.0 percent it earlier predicted. Despite the upward revisions, "there are reasons to be very cautious," IMF chief economist Pierre-Olivier Gourinchas told AFP. "Businesses were trying to frontload, move stuff around, before the tariffs were imposed, and so that's supporting economic activity," he said. "There is going to be payback for that. If you stock the shelves now, you don't need to stock them later in the year or into the next year," he added. This means a likelihood of reduced trade activity in the second half of the year and into 2026. "The global economy has continued to hold steady, but the composition of activity points to distortions from tariffs, rather than underlying robustness," the IMF's report said. For now, a "modest decline in trade tensions, however fragile, has contributed to the resilience of the global economy," Gourinchas told reporters Tuesday. Trump imposed a 10 percent levy on almost all trading partners this year, alongside steeper duties on autos, steel and aluminum. He paused higher tariffs on dozens of economies until August 1, a significant delay from April when they were first unveiled. Washington and Beijing also agreed to lower for 90 days triple-digit duties on each other's goods, in a halt expiring August 12. Talks that could lead to a further extension of the truce are ongoing. Trump's actions have brought the US effective tariff rate to 17.3 percent, significantly above the 3.5 percent level for the rest of the world, the IMF said. If deals unravel or tariffs rebound to higher levels, global output would be 0.3 percent down next year, Gourinchas said. US inflation hit US growth for 2025 was revised 0.1 percentage points up, to 1.9 percent, with tariffs anticipated to settle at lower levels than initially announced in April. The country is also set to see a near-term boost from Trump's flagship tax and spending bill. Euro area growth was adjusted 0.2 percentage points higher to 1.0 percent, partly reflecting a jump in Irish pharmaceutical exports to the United States to avoid fresh duties. Among European economies, Germany is still expected to avoid contraction while forecasts for France and Spain remained unchanged at 0.6 percent and 2.5 percent respectively. While the IMF anticipates global inflation to keep declining, with headline inflation cooling to 4.2 percent this year, it warned that US price increases will remain above target. "The tariffs, acting as a supply shock, are expected to pass through to US consumer prices gradually and hit inflation in the second half of 2025," the IMF report said. Elsewhere, Trump's duties "constitute a negative demand shock, lowering inflationary pressures," the report added. China challenges Growth in the world's number-two economy China, however, was revised 0.8 percentage points upwards to 4.8 percent. This reflects stronger-than-expected activity in the first half of 2025, alongside "the significant reduction in US–China tariffs," the IMF said. Gourinchas warned that China is still experiencing headwinds, with "fairly weak" domestic demand. "There is relatively little consumer confidence, the property sector is still a black spot in the Chinese economy, it's not been completely addressed," he added. "That is resulting in a drag on economic activity going forward." Russia's growth was revised 0.6 percentage points down, to 0.9 percent, partially due to Russian policies but also oil prices, which are set to remain relatively subdued compared with 2024 levels, Gourinchas said.
France 24
44 minutes ago
- France 24
Colombia ex-president Uribe guilty in bribery trial
02:00 29/07/2025 Turkey battles wildfires, arrests suspects as heatwave grips Mediterranean 29/07/2025 Thailand and Cambodia ceasefire holds as wary displaced villagers return home 29/07/2025 Heavy rain causes flooding, evacuations and at least 38 deaths around Beijing region 29/07/2025 100-year-old Frenchman breaks skydive record with family 29/07/2025 Trump gives Putin deadline for Ukraine peace deal, prompting skepticism in Kyiv 29/07/2025 Gaza: Rights groups accuse Israel of genocide 29/07/2025 Trump warns of 'real starvation' in Gaza as aid deliveries pick up 29/07/2025 Israel begins to acknowledge Gaza's need for humanitarian aid under US pressure 29/07/2025 Trump issues new ultimatum calling on Putin to end Ukraine war in '10 or 12 days'
