Latest news with #geopoliticalconflicts
South China Morning Post
23-05-2025
- Business
- South China Morning Post
Diplomats call for renewed world order to confront Trump tariff chaos
A group of ambassadors in Beijing has called for an overhaul of the world's multilateralism systems to tackle the political and economic chaos unleashed by US President Donald Trump 'The world doesn't need another trade war. The world doesn't need more geopolitical conflicts,' Jorge Toledo, the EU's ambassador to China, said in Beijing on Friday. 'We have a special responsibility in the European Union and in China to stabilise, rebalance and improve our relationships, and not to add more problems to the already very troubled waters that we are witnessing,' Toledo said at a conference hosted by the Centre for China and Globalisation, a Beijing-based think tank. The call comes as economies – large and small – grapple with Trump's aggressive trade policy, particularly his ' Liberation Day ' tariffs against trading partners on April 2. But debates over the effectiveness of existing multilateral platforms go back further, with the failure of institutions such as the United Nations to address a range of crises, from the devastating impacts of climate change to the wars in Ukraine, Gaza and Sudan. 00:45 Trump says he can see himself dealing directly with Xi on US-China trade deal details Trump says he can see himself dealing directly with Xi on US-China trade deal details Smaller or developing countries in Africa, Asia and Latin America have also complained about the lack of representation on international platforms.
Bloomberg
19-05-2025
- Business
- Bloomberg
Ryanair Says Tariff War Top Threat to Growth; Plans Buyback
Ryanair Holdings Plc said profit growth this year will depend on working through the risk of tariff wars, geopolitical conflicts and macro-economic blows. The airline said it was too early to provide guidance for this year and has no visibility into the second half of fiscal 2026.
Wall Street Journal
12-05-2025
- Business
- Wall Street Journal
Gold Futures Slump as U.S., China Agree to Substantial Tariff Cuts
Gold futures slid as the U.S. and China agreed to substantially lower tariffs, increasing risk-on sentiment in markets. Continuous gold futures on the New York Mercantile Exchange fell 3.6% to $3,223.80 a troy ounce in European morning trading, the lowest level since May 5. The precious metal remains up more than 20% in the year to date on safe-haven demand, reflecting U.S. tariff-driven market volatility and geopolitical conflicts.
